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 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 (UWM Holdings Corp), Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (DITECH HOLDING Corp)

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. 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 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 3 contracts

Sources: Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (Walter Investment Management Corp), Master Repurchase Agreement (Tree.com, Inc.)

Plan Assets. No Seller is not shall 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 not no Seller shall 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 any 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 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 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. No 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 a Seller’s hands hands, and transactions by or with a 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 (Rocket Companies, Inc.), Master Repurchase Agreement (Rocket Companies, Inc.)

Plan Assets. Seller is shall not be 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, 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 by this Agreement or any Transaction hereunder. Transactions to or with Seller are shall not be subject to any foreign state or local statute regulating investments of, 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 within the meaning of Section 3(33) of ERISA.

Appears in 2 contracts

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

Plan Assets. No Seller is not shall 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 such 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 each 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 1 contract

Sources: Master Repurchase Agreement (AG Mortgage Investment Trust, 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 by this Agreement or any Transaction hereunder. Transactions under this agreement to or with Seller are or Guarantor shall not be subject to any 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 1 contract

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

Plan Assets. The Repo 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 Repo 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 by this Agreement or any Transaction hereunder. Transactions to or with the Repo Seller are shall not be subject to any 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 1 contract

Sources: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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 or Guarantor shall not be subject to any 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 1 contract

Sources: Master Repurchase Agreement (PennyMac Financial Services, 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 or Guarantor shall not be subject to any 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 1 contract

Sources: Master Repurchase Agreement (Pennymac Financial Services, 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 by this Agreement or any Transaction hereunder. Transactions to or with Seller are or Guarantor shall not be subject to any 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 1 contract

Sources: Master Repurchase Agreement (Pennymac Financial Services, 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 LEGAL02/41326134v4 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 (loanDepot, 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 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 §2510.3-101, 101 as modified amended by Section 3(42) of ERISAERISA to engage in this Agreement or any Transaction hereunder, in Seller’s hands and transactions by or with Seller are or Guarantor shall not be 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 (InPoint Commercial Real Estate Income, 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 by this Agreement or any Transaction hereunder. Transactions under this Agreement to or with Seller are shall not be subject to any 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 1 contract

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