Statutory Exemption definition

Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.

Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code. Table of Contents

Statutory Exemption means the statutory prohibited transaction exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.

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).

• 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.

• Each transferee that is a Benefit Plan Entity of a Class A Note, Class B Note or Class C 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).

• Pursuant to Section 4905.401, Revised Code, Applicant was permitted to have outstanding notes and other evidences of short-term indebtedness issuable without prior authority of this Commission (the "Statutory Exemption") in the amount of $115 million.

• Statutory Exemption from Certain U.S. Tender Offer Requirements The U.S. Offer qualifies as a “Tier II” cross border 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.

• Each transferee of a Class A-1 Note, Class A-2 Note or Class A-3 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).

More Definitions of Statutory Exemption

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.]