Statutory Exemption definition

Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.
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Statutory Exemption means the prohibited transaction exemption provided by Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.
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Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code. [“Swap Agreement” means the ISDA Master Agreement, dated , 20 , between the Issuer and the Swap Provider, including the Schedule thereto, the Credit Support Annex thereto, the Confirmation relating to the Class A-3 Notes, together with any replacement swap agreement [(which replacement swap agreement has been approved by the Insurer, so long as no Insurer Default has occurred and is continuing)]; provided, that no additional swap agreement shall be a “Swap Agreement” under the Basic Documents for so long as the Swap Agreement is outstanding without the prior, written consent of the Swap Provider unless the Swap Agreement has terminated.] [“Swap Provider” means [Swap Provider], with respect to the Class A-3 Notes, together with any replacement Swap Provider [(which must be approved by the Insurer so long as no Insurer Default has occurred and is continuing)].] [“Swap Provider Issuer Secured Obligations” means all amounts and obligations which the Issuer may at any time owe to or on behalf of the Swap Provider under this Indenture, the Sale and Servicing Agreement, the Swap Agreement or any other Basic Document.]
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Examples of Statutory Exemption in a sentence

  • Each transferee of a Class A Note, Class B Note, Class C Note or Class D Note that is a Book Entry Note that is a Benefit Plan Entity shall be deemed to represent that its acquisition and holding of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption (or, if it is subject to any Similar Law, such acquisition and holding will not violate such Similar Law).

  • The representations, warranties and covenants made by Subscriber herein shall survive the closing under this Subscription Agreement.

  • Each transferee that is a Benefit Plan Entity of a Class A Note, Class B Note, Class C Note or Class D Note that is a Book Entry Note shall be deemed to represent that its acquisition, holding and disposition of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption (or, if it is subject to any Similar Law, such acquisition and holding will not violate such Similar Law).

  • Each transferee that is a Benefit Plan Entity of a Class A Note, Class B Note, Class C Note or Class D Note that is a Book Entry Note shall be deemed to represent that its acquisition, holding and disposition of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption (or, if it is subject to any Similar Law, such acquisition, holding and disposition will not violate such Similar Law).

  • Each transferee of a Book Entry Note that is a Benefit Plan Entity shall be deemed to represent that its acquisition and holding of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption (or, if it is subject to any Similar Law, such acquisition and holding will not violate such Similar Law).

  • AHCCCS will defer recovery of its estate claim so long as there is an Estate Claim Statutory Exemption.

  • Statutory Exemption from Certain U.S. Tender Offer Requirements This offer qualifies as a “Tier II” offer in accordance with Rule 14d-1(d) under the Exchange Act and is, as a result, exempt from certain provisions of otherwise applicable U.S. statutes and rules relating to tender offers.

  • BMI shall be deemed to have accepted the appointment herein upon its execution of this Agreement.

  • It is sug- gested that public entities maintain records of their de- cision-making with respect to bikeways and their safety and condition, so that there will be evidence on the part of the public entity that there was an actual exercise of the entity’s discretion at the time of any decision- making.D. Immunity for Negligent Design Based on a Statutory Exemption for Discretionary Activity D1.

  • An Estate Claim Statutory Exemption exists when there is a:  Surviving spouse; Surviving child who is under age 21; or Surviving child of any age who is blind or disabled and meets SSA or SSI disability criteria.

Related to Statutory Exemption

  • Class Exemption A class exemption granted by the U.S. Department of Labor, which provides relief from certain of the prohibited transaction provisions of ERISA and the related excise tax provisions of the Code.

  • New Exemption means the exemption from real property taxation provided hereunder with respect to the Exemption Area.

  • QPAM Exemption is defined in Section 6.2(d).

  • Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.

  • INHAM Exemption is defined in Section 6.2(e).

  • Prohibited Transaction Class Exemption means U.S. Department of Labor prohibited transaction class exemption 84-14, 90-1, 91-38, 95-60 or 96-23, or any similar prohibited transaction class exemption issued by the U.S. Department of Labor.

  • Prior Exemption means the existing tax exemption of the Exemption Area pursuant to Section 421-a(1-15) of the Real Property Tax Law.

  • Underwriter’s Exemption Prohibited Transaction Exemption 2002-41, 67 Fed. Reg. 54487 (2002), as amended (or any successor thereto), or any substantially similar administrative exemption granted by the U.S. Department of Labor.

  • Investor-Based Exemption Any of Prohibited Transaction Class Exemption ("PTCE") 84-14 (for transactions by independent "qualified professional asset managers"), PTCE 91-38 (for transactions by bank collective investment funds), PTCE 90-1 (for transactions by insurance company pooled separate accounxx), XXXX 95-60 (for transactions by insurance company general accounts) or PTCE 96-23 (for transactions effected by "in-house asset managers"), or any comparable exemption available under Similar Law.

  • certificate of exemption means any document evidencing that the entity is exempt from

  • Underwriter Exemption Collectively, (a) Prohibited Transaction Exemption 91-23, granted to a predecessor of Citigroup Global Markets Inc., (b) the prohibited transaction exemption granted to Deutsche Bank Securities Inc., Department Final Authorization Number 97-03E, and (c) the Prohibited Transaction Exemption 2002-19 granted to X.X. Xxxxxx Securities LLC, each as most recently amended by Prohibited Transaction Exemption 2013-08 and as further amended by the Department of Labor from time to time.

  • Tax Exemption means any financial assistance granted to a project which is based upon all or a portion of the taxes which would otherwise be levied and assessed against a project but for the involvement of the Agency in such project.

  • Similar Law As defined in Section 5.02(b).

  • Similar Laws has the meaning set forth in Section 3.3(d).

  • Prohibited Transaction has the meaning set forth in ERISA Section 406 and Code Section 4975.

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • Foreign market vehicle means any motor vehicle originally manufactured outside the United States,

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • TIF Act means Minnesota Statutes, Sections 469.174 through 469.1794, both inclusive.

  • Exemption means the exemption from real property taxation provided hereunder.

  • Cannabis Act means An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, S.C. 2018, c. 16, as amended from time to time.

  • Consumer-goods transaction means a consumer transaction in which:

  • UK Securitization Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law as “retained EU law” by operation of the EUWA and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended.

  • Australian Consumer Law means the Australian Consumer Law set out in Schedule 2 of the Competition and Consumer Act 2010 (Cth).

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;