Plan Transferee definition

Plan Transferee. Means any Plan or any entity that is using the assets of any Plan to purchase or hold its interest in a Certificate. For purposes of this definition, a "Plan" means any employee benefit plan subject to ERISA as well as any plan that is not subject to ERISA but which is subject to Section 4975 of the Internal Revenue Code of 1986, as amended.
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Plan Transferee. Means any Plan or other entity that is using the assets of any Plan to purchase or hold its interest in a Series 1997-1C Certificate. For purposes of this definition, a "Plan" means any employee benefit plan subject to ERISA as well as any plan that is not subject to ERISA but which is subject to Section 4975 of the Internal Revenue Code of 1986, as amended. PTC Event of Default: Means the failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance of the Series 1997-1C Certificates on the Final Legal Distribution Date for such Certificates or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing (as defined in the Intercreditor Agreement) with respect thereto in an amount sufficient to pay such interest and shall have distributed such amount to the holders of the Certificates entitled thereto).
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Examples of Plan Transferee in a sentence

  • Notwithstanding the preceding sentence or any other provision of this Plan, any right or feature with respect to a Westar Plan Transferee that is required to be continued under this Plan pursuant to the provisions of Code Section 411(d)(6) shall be continued, but only to the extent required by such Section.

  • Notwithstanding the preceding sentence or any other provision of this Plan, any right or feature with respect to a Wolf Creek Plan Transferee that is required to be continued under this Plan pursuant to the provisions of Code Section 411(d)(6) shall be continued, but only to the extent required by such Section.

  • As of December 1, 2019, each Wolf Creek Plan Transferee shall have one or more of the Wolf Creek Plan Merger Accounts specified in (i) through (vii) below, as applicable.

  • As of July 1, 2009, each Aquila Plan Transferee shall have one or more of the Aquila Plan Merger Accounts specified in (i) through (vi) below, as applicable.

  • Notwithstanding the preceding sentence or any other provision of this Plan, any right or feature with respect to an Aquila Plan Transferee that is required to be continued under this Plan pursuant to the provisions of Code Section 411(d)(6) shall be continued, but only to the extent required by such Section.

  • As of December 1, 2019, each Westar Plan Transferee shall have one or more of the Westar Plan Merger Accounts specified in (i) through (xv) below, as applicable.

  • A Westar Plan Transferee and a Wolf Creek Plan Transferee who had in place an election to make pre-tax elective deferrals and/or Roth contributions under the Westar Plan or Wolf Creek Plan of at least 1% as of November 30, 2019, shall be deemed to have made an equivalent cash or deferred election of Elective Contributions (including Roth Contributions, if applicable) under this Plan as of December 1, 2019.

  • During the United Conversion Period the accumulated balance credited to each United Plan Transferee account shall be transferred to the appropriate Qualified Default Alternative Investment under Addendum I, Part B subsection (i).

  • Following the United Conversion Period, the accumulated balance credited to each United Plan Transferee account shall remain invested as provided in the preceding sentence until the individual entitled to exercise control over the investment of such account has made a new election in accordance with the terms of Section 7.2 of the Plan.

  • In the last twenty years, the automotive industry has undergone a transformation.

Related to Plan Transferee

  • Permitted Transferee Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

  • Prospective Transferee means any person to whom a Key Holder proposes to make a Proposed Key Holder Transfer.

  • Proposed Transferee has the meaning set forth in Section 2.4(a).

  • Transferee Any Person who is acquiring by Transfer any Ownership Interest in a Certificate.

  • Eligible Transferee means and include a commercial bank, financial institution or other "accredited investor" (as defined in Regulation D of the Securities Act).

  • Transfer Shares has the meaning ascribed to such term in Section 6.2(a)

  • Authorized Transferee means a Qualified Trust of Xxxxx X. Xxxxxx or of any member of a Family Group that (a) would be a Permitted Transferee of the Partner engaging in a Transfer of Partnership Interests under the Certificate of Incorporation of each Company in which the Partnership owns Class B Shares, if such Partner were Transferring Class B Shares instead of Partnership Interests; (b) is eligible to be a Partner of the Partnership without causing any Class B Shares then held by the Partnership to be converted into Class A Shares pursuant to the applicable Certificate of Incorporation; and (c) is a Participating Stockholder of each Company whose Class B Shares are owned by the Partnership, but only if such Qualified Trust (i) is a Partner immediately prior to the Transfer of Partnership Interests to such Qualified Trust or (ii) prior to or simultaneously with such Transfer, executes and delivers to the Partnership a counterpart of this Agreement, executed by the trustee of such Qualified Trust, agreeing to be subject to the restrictions and obligations of a Partner hereunder and to hold all Partnership Interests then owned or later acquired by such Qualified Trust in accordance with the terms of this Agreement, such counterpart to be substantially in the form of Exhibit 1 hereto. In particular, a Qualified Trust may not necessarily qualify under clauses (a) and (b) above. Therefore, care must be given to ensure that, for purposes of determining whether a Qualified Trust is an Authorized Transferee, such Qualified Trust qualifies under clauses (a) and (b) above. In addition, an “Authorized Transferee” of a General Partnership Interest also includes a “Qualified Entity” (defined in Section 1.18 below).

  • Approved Transferee means (a) a “qualified institutional buyer” (“QIB”) as defined in Rule 144A promulgated under the Securities Act that is a financial institution or commercial bank having capital and surplus of $5,000,000,000 or more, (b) an affiliate of the Funding Lender, or (c) a trust or custodial arrangement established by the Funding Lender or one of its affiliates the beneficial interests in which will be owned only by QIBs.

  • Purported Beneficial Transferee means, with respect to any purported Transfer (or other event) which results in a transfer to a Trust, as provided in Section 6.2.2 of this Article VI, the Purported Record Transferee, unless the Purported Record Transferee would have acquired or owned shares of Capital Stock for another Person who is the beneficial transferee or owner of such shares, in which case the Purported Beneficial Transferee shall be such Person.

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Transfer Stock means shares of Capital Stock owned by a Key Holder, or issued to a Key Holder after the date hereof (including, without limitation, in connection with any stock split, stock dividend, recapitalization, reorganization, or the like), but does not include any shares of Preferred Stock or of Common Stock that are issued or issuable upon conversion of Preferred Stock.

  • Subsequent Transferee has the meaning set forth in Section 4.06(b).

  • Modified Eligible Transferee means any bank, financial institution or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities and other financial assets.

  • Prohibited Transferee means any of the Persons listed on Schedule I attached to this Agreement.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Affiliate Transferee has the meaning set forth in Section 3.2(a).

  • Purported Record Transferee means, with respect to any purported Transfer (or other event) which results in a transfer to a Trust, as provided in Section 7(b)(ii) of these Articles Supplementary, the record holder of the Series A Preferred Stock if such Transfer had been valid under Section 7(b)(i) of these Articles Supplementary.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Benefit Plan Investor means an “employee benefit plan” as defined in Section 3(3) of ERISA that is subject to Title I of ERISA, a “plan” as defined in and subject to Section 4975 of the Code or an entity whose underlying assets include plan assets of any of the foregoing.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Transferee Company means any company or body corporate established in the Islands or in any other jurisdiction.

  • Offeree means an individual to whom the Committee has offered the right to acquire Shares under the Plan (other than upon exercise of an Option).

  • Transferor Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.