Plan Assets Regulations definition
Examples of Plan Assets Regulations in a sentence
Governmental plans, certain church plans and non-US plans, while not subject to Title I of ERISA, section 4975 of the US Tax Code, or the Plan Asset Regulations, may nevertheless be subject to other state, local, non-US or other regulations that have similar effect.However, these remedies may not be effective in avoiding characterisation of the Company's assets as "plan assets" under the Plan Assets Regulations and, as a result, the Company may suffer the consequences described above.
The REIT ----------------------------------------------------------- shall at all times use its best efforts to meet the requirements to qualify as a REIT [and a domestically-controlled REIT] under the Code and as a REOC within the meaning of Plan Assets Regulations, unless and until the Board of Directors shall determine, in accordance with the Declaration of Trust, that it is not in the best interest of the General Partner and the holders of its beneficial interests to continue to meet such requirements.
The Company will use commercially reasonable efforts to restrict the ownership and holding of its Ordinary Shares and Warrants so that none of its assets will constitute "plan assets" under the Plan Assets Regulations.
As used in this Section 7.4C.(4), all terms surrounded by quotation marks (“ ”) shall have the meanings assigned to them in the Plan Assets Regulations, ERISA or the Internal Revenue Code, as applicable, unless the context indicates otherwise.
The parties hereto acknowledge that the rights granted to Blue Stone under this Agreement to designate members of the Board and assign such rights to the Blue Stone Assignee have been included herein at the request of Blue Stone in order to provide the Blue Stone Assignee with “contractual management rights” within the meaning of the Plan Assets Regulations.