Account Balances of Participants Sample Clauses

Account Balances of Participants. Except as otherwise provided herein, on the Distribution Date, Lakes shall assume sole responsibility for all liabilities and obligations accruing after the Distribution Date under the Lakes 401(k) Plan; and Company shall have no liability or obligation with respect to the Lakes 401(k) Plan, except for any liabilities and obligations accruing on or before the Distribution Date, when it will have been the Company 401(k) Plan.
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Account Balances of Participants. Except as otherwise provided herein, on the Distribution Date, Park Place shall assume sole responsibility for all liabilities and obligations existing as of the Distribution Date under the Park Place 401(k) Plan, and Hilton shall have no liability or obligation with respect thereto. Hilton shall retain sole responsibility for all liabilities and obligations arising before and after the Distribution Date under the Hilton 401(k) Plan with respect to Retained Employees, and Park Place shall have no liability or obligation with respect thereto.
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Related to Account Balances of Participants

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Deferral Account 3.1 Establishing and Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • VALUE OF PARTICIPANT'S ACCRUED BENEFIT If a distribution (other than a distribution from a segregated Account) occurs more than 90 days after the most recent valuation date, the distribution will include interest at: (Choose (a), (b) or (c))

  • Rights of Participants Any participant in a Lender's interests hereunder may assert any claim for yield protection under Section 4.03 that it could have asserted if it were a Lender hereunder. If such a claim is asserted by any such participant, it shall be entitled to receive such compensation from the Borrower as a Lender would receive in like circumstances; provided, however, that with respect to any such claim, the Borrower shall have no greater liability to the Lender and its participant, in the aggregate, than it would have had to the Lender alone had no such participation interest been created.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Participants The Lender and its participants, if any, are not partners or joint venturers, and the Lender shall not have any liability or responsibility for any obligation, act or omission of any of its participants. All rights and powers specifically conferred upon the Lender may be transferred or delegated to any of the Lender's participants, successors or assigns.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Employer Contributions If Employer contributions are permitted, complete (a) and/or (b). Otherwise complete (c).

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

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