Plan Funds definition

Plan Funds means the assets of the Plan held in the Trust Fund and Separate Assets held under any Separate Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Plan Funds means, with respect to a Performance Period, the total amount of funds available to be paid on a Company wide basis based on the Performance Schedule.

Plan Funds means the Cash and other property derived from liquidation of Debtor’s Assets prior to Consummation of the Plan, including any property, and any funds deposited into one or more Distribution Accounts by or at the direction of the Debtor to fund the payments to be made on account of Allowed Claims under this Plan. The Plan Funds shall be deposited into the Distribution Account on the Effective Date and shall, at that point, become part of the Distribution Account.

Examples of Plan Funds in a sentence

• Under Rule 12b-1, Directors of any of the Plan Funds have a duty to request and evaluate, and persons who are party to any agreement related to a Plan have a duty to furnish, such information as may reasonably be necessary to an informed determination of whether the Plan or any agreement should be implemented or continued.

• We shall furnish to the Directors of the Plan Funds, for their review on a quarterly basis, a written report of the amounts expended under the Plans and the purposes for which such expenditures were made.

• We shall furnish to the Boards of Directors of the Plan Funds, for their review on a quarterly basis, a written report of the amounts expended under the Plans and the purposes for which such expenditures were made.

• The provisions of the Plans between the Plan Funds and us shall have control over the provisions of this Agreement in the event of any inconsistency.

• The provisions of the Plans between the Plan Funds and us shall control over the provisions of this Agreement in the event of any inconsistency.

• The provisions of the Rule 12b-1 Plans between the Plan Funds and us, insofar as they relate to Plans, shall control over the provisions of this Agreement in the event of any inconsistency.

• FTDI shall furnish to the Directors of the Plan Funds, for their review on a quarterly basis, a written report of the amounts expended under the Plans and the purposes for which such expenditures were made.

• Distributor shall receive from the Funds identified in the Distribution and Shareholder Service Plan attached as Schedule A hereto (the "Distribution Plan Funds") a distribution fee at the rate and upon the terms and conditions set forth in such Plan.

• You are also invited to participate in all Plans adopted by the Funds (the "Plan Funds") pursuant to Rule 12b-1 under the 1940 Act.

• The Plans or the provisions of this Agreement relating to such Plans may be terminated at any time by the vote of a majority of the Plan Funds' Boards of Directors, including Rule 12b-1 Directors, or by a vote of a majority of the outstanding shares of the Plan Funds, on sixty (60) days' written notice, without payment of any penalty.

More Definitions of Plan Funds

Plan Funds. – means the funds, assets, moneys and/or other property (including real and personal, tangible or intangible) deposited with the Custodian by, or at the direction of, the Trustee, Plan Sponsor or the Authorized Person during the period that such funds, assets, moneys and/or other property are held, and invested or reinvested by the Administrator in the Account pursuant to the terms of this Agreement.

Plan Funds means cash realized from the conversion of Plan Assets to

Plan Funds means contributions to a Plan and income accruing from the investments of the contributions managed by a Funds Manager;

Plan Funds means the aggregate of (i) any Cash of the Debtors’ on hand on the Effective Date; (ii) the Purchaser’s Cure Payment, (iii) any Cash proceeds of a Sale Transaction to a Purchaser other than under the Marriott Purchase Agreement; (iv) the proceeds of the liquidation of the Remaining Assets; and (v) the proceeds of loans funded pursuant to Exit Loan #2 Loan Agreement.