Common use of Plan Assets Clause in Contracts

Plan Assets. Seller is not an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Assets are not “plan assets” within the meaning of 29 CFR §2510.3-101, as modified by Section 3(42) of ERISA, in Seller’s hands and transactions by or with Seller are not subject to any foreign state or local statute regulating investments of, or fiduciary obligations with respect to, governmental plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(33) of ERISA.

Appears in 4 contracts

Sources: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (AmeriHome, Inc.)

Plan Assets. Seller is not an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Assets are not “plan assets” within the meaning of 29 CFR §2510.3-101, 2510.3 101 as modified amended by Section 3(42) of ERISA, in Seller’s hands hands, and transactions by or with Seller are not subject to any foreign state or local statute regulating investments of, or fiduciary obligations with respect to, to governmental plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(33) of ERISA.

Appears in 4 contracts

Sources: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

Plan Assets. Seller is shall not be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, Code and the Purchased Assets are Seller shall not use “plan assets” within the meaning of 29 CFR §2510.3-2510.3 101, as modified amended by Section 3(42) of ERISA, ERISA to engage in Seller’s hands and transactions this Agreement or any Transaction hereunder. Transactions by or with Seller are shall not be subject to any foreign foreign, state or local statute regulating investments of, of or fiduciary obligations with respect to, to governmental plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(33) of ERISA.

Appears in 4 contracts

Sources: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

Plan Assets. Each Seller is not an employee benefit plan as defined in Section 3 of Title I of ERISA that is subject to Part 4, Subtitle B, Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code that is subject to 4975 of the Code, and the Purchased Assets are not “plan assets” within the meaning of 29 CFR §2510.3-101, as modified by Section 3(42) of ERISA, in Seller’s hands and transactions by or with either Seller are not subject to any foreign state or local statute regulating investments of, or fiduciary obligations with respect to, governmental plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(33) of ERISA.

Appears in 3 contracts

Sources: Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Plan Assets. No Seller is not an employee benefit plan plan” as defined in Section 3 3(3) of ERISA that is subject to Title I of ERISA, or a plan “plan” described in Section 4975(e)(1) of the Code that is subject to Section 4975 of the Code, and the Purchased Assets are not “plan assets” within the meaning of 29 CFR §2510.3-101, 101 as modified amended by Section 3(42) of ERISA, in Seller’s hands and transactions by or with each Seller are not subject to any foreign state or local statute regulating investments of, or fiduciary obligations with respect to, to governmental plans (within the meaning of Section 3(32) of ERISA or church plans within ERISA) that would be violated by the meaning of Section 3(33) of ERISAtransactions contemplated hereunder.

Appears in 2 contracts

Sources: Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Plan Assets. Seller is not an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Assets are not “plan assets” within the meaning of 29 CFR §C.F.R. § 2510.3-101, as modified by Section 3(42) of ERISA, in Seller’s hands and transactions by or with Seller are not subject to any foreign state or local statute regulating investments of, or fiduciary obligations with respect to, to governmental plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(33) of ERISA.

Appears in 2 contracts

Sources: Master Repurchase Agreement (Horton D R Inc /De/), Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Plan Assets. Seller is not an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Assets Mortgage Loans are not “plan assets” within the meaning of 29 CFR §2510.3-101, 2510.3 101 as modified amended by Section 3(42) of ERISA, in the Seller’s hands hands, and transactions by or with Seller are not subject to any foreign foreign, state or local statute regulating investments of, or fiduciary obligations with respect to, to governmental plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(33) of ERISA.

Appears in 2 contracts

Sources: Master Repurchase Agreement (UWM Holdings Corp), Master Repurchase Agreement (Walter Investment Management Corp)

Plan Assets. Seller is not an employee benefit plan as defined in Section 3 of and subject to Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Assets are not or an entity deemed to hold “plan assets” within the meaning of 29 CFR §2510.3-101, as modified by Section 3(42) of ERISA, in Seller’s hands and transactions by or with is acting on behalf of any of the foregoing. Seller are is not subject to any foreign state or local statute regulating investments of, or fiduciary obligations substantially similar to those under ERISA or the Code, with respect to, to governmental plans within the meaning of Section 3(32) of ERISA or church plans ERISA. The Purchased Assets are not “plan assets” within the meaning of 29 CFR Section 3(332510.3-101, as modified by Section 3(42) of ERISAERISA in the hands of Seller.

Appears in 2 contracts

Sources: Master Repurchase Agreement (PennyMac Financial Services, Inc.), Master Repurchase Agreement (PennyMac Financial Services, Inc.)

Plan Assets. Seller is not an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Assets Loans are not “plan assets” within the meaning of 29 CFR §2510.3-101, as modified by Section 3(42) of ERISA, in Seller’s hands and transactions by or with Seller are not subject to any foreign state or local statute regulating investments of, or fiduciary obligations with respect to, governmental plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(33) of ERISA.

Appears in 2 contracts

Sources: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)

Plan Assets. Seller is not an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Assets Loans are not “plan assets” within the meaning of 29 CFR §C.F.R. § 2510.3-101, as modified by Section 3(42) of ERISA, in Seller’s hands and transactions by or with Seller are not subject to any foreign state or local statute regulating investments of, or fiduciary obligations with respect to, governmental plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(33) of ERISA.

Appears in 1 contract

Sources: Master Repurchase Agreement (Rocket Companies, Inc.)

Plan Assets. Seller is not an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Assets Mortgage Loans are not “plan assets” within the meaning of 29 CFR §2510.3-101, 2510.3 101 as modified amended by Section 3(42) of ERISA, in the Seller’s hands hands, and transactions by or with Seller are not subject to any foreign foreign, state or local statute regulating investments of, or fiduciary obligations with respect to, to governmental plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(333 (33) of ERISA.

Appears in 1 contract

Sources: Master Repurchase Agreement (DITECH HOLDING Corp)

Plan Assets. Seller is not an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Assets are not “plan assets” within the meaning of 29 CFR §2510.3-2510.3 101, as modified by Section 3(42) of ERISA, in Seller’s hands and transactions by or with Seller are not subject to any foreign state or local statute regulating investments of, or fiduciary obligations with respect to, to governmental plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(33) of ERISA.

Appears in 1 contract

Sources: Master Repurchase Agreement (Pennymac Financial Services, Inc.)