Rollover Distribution definition

Rollover Distribution shall be defined as set forth in Section 5.05, herein."

Rollover Distribution means a rollover distribution as defined in Section 529A of the federal Internal Revenue Code of 1986, as amended.

Rollover Distribution means a transfer of funds made:

Examples of Rollover Distribution in a sentence

• If the Unit holder's Rollover Distribution will produce insufficient cash proceeds to purchase all of the Units of a New Series contracted for, the Depositor agrees that the contract shall be rescinded with respect to the Units as to which there was a cash shortfall without any liability to the Rollover Unit holder or the Distribution Agent.

• All Securities included in a Unit holder's Rollover Distribution shall be sold by the Distribution Agent during the Special Redemption and Liquidation Period specified in the Prospectus pursuant to the Depositor's direction, and the Distribution Agent shall, unless directed otherwise by the Depositor, employ the Depositor as broker in connection with such sales.

• Any Securities that are made part of the Rollover Distribution shall be valued for purposes of the redemption distribution as of the redemption date.

• Upon completion of all sales of Securities included in the Rollover Unit holder's Rollover Distribution, the Distribution Agent shall, as agent for such Rollover Unit holder, enter into a contract with the Depositor to purchase from the Depositor Units of a New Series (if any), at the Depositor's public offering price for such Units on such day, and at such reduced sales charge as shall be described in the prospectus for such Trust.

• Subject to payment by such Rollover Unit holder of any tax or other governmental charges which may be imposed thereon, such redemption is to be made in kind pursuant to Section 5.02 by distribution of cash and/or Securities to the Distribution Agent on the redemption date equal to the net asset value (determined on the basis of the Trust Fund Evaluation as of the redemption date in accordance with Section 4.01) multiplied by the number of Units being redeemed (herein called the "Rollover Distribution").

More Definitions of Rollover Distribution

Rollover Distribution shall have the meaning assigned to it in Section 6.04.

Rollover Distribution means a rollover distribution as defined in section 529 of the federal internal revenue code of 1986, as amended, and regulations thereunder.

Rollover Distribution means a dis- tribution or transfer from an account for a beneficiary that is transferred or deposited within sixty (60) days of the distribution into an account for another beneficiary who is a member of the family of the current benefi- ciary, in each case to the extent permitted as a rollover distribution, as defined in section 529(c)(3)(C)(i) of the Internal Revenue Code and the Treasury regulations (or proposed regulations) promulgated thereunder. A dis- tribution is not a rollover distribution unless there is a change of beneficiary. The account for such other beneficiary may be an account established under the savings program or an account established under a qualified state tuition program in another state;

Rollover Distribution means any Eligible Rollover Distribution that is to be paid directly into an eligible retirement plan as a rollover under IRC § 402(a).

Rollover Distribution means (i) with respect to all contributions other than "designated Roth contributions" (within the meaning of Section 402A of the Code), the rollover of an eligible rollover distribution from a qualified plan described in Section 401(a) of the Code (including indirectly through a conduit IRA), and (ii) with respect to designated Roth contributions (and earnings), the rollover of an eligible rollover distribution directly from a qualified plan described in Section 401(a) of the Code; provided, however, that a Rollover Distribution may not include any distribution attributable to amounts withdrawn from this Plan or from a Roth IRA described in Section 408A of the Code.

Rollover Distribution means a rollover distribution as defined in the ABLE Act.

Rollover Distribution means one or more distributions which, under section 402 of the Code, are eligible for rollover to this Plan.