Common use of Participant Loans Permitted Clause in Contracts

Participant Loans Permitted. Loans to Participants and Beneficiaries are permitted pursuant to the terms and conditions set forth in this Section, except that a loan shall not be permitted to a Participant who is no longer an Employee or to a Beneficiary, unless such Participant or Beneficiary is otherwise a party in interest (as defined in ERISA section 3(14)).

Participant Loans Permitted. Loans to Participants and Beneficiaries are permitted pursuant to the terms and conditions set forth in this Section, except that a loan shall not be permitted to a Participant who is no longer an Employee or to a BeneficiaryBeneficiary or an Alternate Payee, unless such Participant Participant, Beneficiary or Beneficiary Alternate Payee is otherwise a party in interest (as defined in ERISA section 3(14)).

Participant Loans Permitted. Loans to Participants and Beneficiaries are permitted pursuant to the terms and conditions set forth in this Section, except that a loan shall not be permitted to a Participant who is no longer an Employee Associate or to a Beneficiary, unless such Participant or Beneficiary is otherwise a party in interest (as defined in ERISA section 3(14)).

Participant Loans Permitted. Loans to Participants and Beneficiaries are permitted pursuant to the terms and conditions set forth in this Section, except that a loan shall not be permitted to a Participant who is no longer an Employee or to a Beneficiary, unless such Participant or on Beneficiary is otherwise a party in interest (as defined in ERISA section 3(14)).