Common use of Plan Assets Clause in Contracts

Plan Assets. The 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 Participation Certificate and Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. § 2510.3-101 in Seller’s hands.

Appears in 3 contracts

Sources: Mortgage Loan Participation Sale Agreement (Home Point Capital Inc.), Mortgage Loan Participation Sale Agreement (Home Point Capital Inc.), Mortgage Loan Participation Sale Agreement (Home Point Capital Inc.)

Plan Assets. The 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 Participation Certificate and Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. § CFR §2510.3-101 , as modified by Section 3(42) of ERISA, in Seller’s handshands and transactions by or with Seller are not subject to any state or local statute regulating investments of, or fiduciary obligations with respect to governmental plans within the meaning of Section 3(32) of ERISA.

Appears in 2 contracts

Sources: Mortgage Loan Participation Sale Agreement (Mr. Cooper Group Inc.), Mortgage Loan Participation Sale Agreement (Mr. Cooper Group Inc.)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. § 2510.3-CFR §2510.3 101 as amended by Section 3(42) of ERISA, in the Seller’s hands, and transactions by or with Seller are not subject to any state or local statute regulating investments or fiduciary obligations with respect to governmental plans within the meaning of Section 3(32) of ERISA.

Appears in 2 contracts

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

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. § 2510.3-CFR §2510.3 101 as amended by Section 3(42) of ERISA, in Seller’s hands, and transactions by or with Seller are not subject to any state or local statute regulating investments or fiduciary obligations with respect to governmental plans within the meaning of Section 3(32) of ERISA.

Appears in 1 contract

Sources: Master Repurchase Agreement (Impac Mortgage Holdings Inc)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. § CFR §2510.3-101 in Seller’s hands.” (b) deleting subsection (e)(1) in its entirety and replacing it with the following:

Appears in 1 contract

Sources: Master Repurchase Agreement (WMC Finance Co)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not "plan assets" within the meaning of 29 C.F.R. § CFR Section 2510.3-101 in the Seller’s 's hands."

Appears in 1 contract

Sources: Master Repurchase Agreement (United Financial Mortgage Corp)

Plan Assets. The 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 Participation Certificate and Mortgage Loans Purchased Assets are not "plan assets" within the meaning of 29 C.F.R. § 2510.3CFR ss.2510.3-101 in the Seller’s 's hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Anthracite Capital Inc)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. § CFR §2510.3-101 in Seller’s hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Taberna Realty Finance Trust)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not "plan assets" within the meaning of 29 C.F.R. § 2510.3CFR ss.2510.3-101 in the Seller’s 's hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Chimera Investment Corp)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not "plan assets" within the meaning of 29 C.F.R. § CFR Section 2510.3-101 in the Seller’s 's hands." (b) The Seller hereby represents and warrants to the Buyer that, as of the Amendment Effective Date, Seller's Adjusted Tangible Net Worth is not less than $8 Million.

Appears in 1 contract

Sources: Master Repurchase Agreement (Oak Street Financial Services Inc)

Plan Assets. The 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 Participation Certificate and Mortgage Loans Purchased Assets are not "plan assets" within the meaning of 29 C.F.R. § CFR Section 2510.3-101 in Seller’s 's hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Winston Hotels Inc)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. § CFR §2510.3-101 in the Seller’s hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Standard Pacific Corp /De/)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. § CFR §2510.3-101 in the Seller’s hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Homebanc Corp)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. § 2510.3-CFR §2510.3 101 as amended by Section 3(42) of ERISA, in the Seller’s hands, and transactions by or with Seller or are not subject to any state or local statute regulating investments or fiduciary obligations with respect to governmental plans within the meaning of Section 3(32) of ERISA.

Appears in 1 contract

Sources: Master Repurchase Agreement (Tree.com, Inc.)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. § CFR §2510.3-101 in Seller’s the Sellers’ hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Fieldstone Investment Corp)

Plan Assets. The 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 Participation Certificate and Mortgage Loans Purchased Assets are not “plan assets” within the meaning of 29 C.F.R. § CFR §2510.3-101 as amended by Section 3(42) of ERISA in the Seller’s hands, and transactions by or with Seller are not subject to any state or local statute regulating investments, or fiduciary obligations with respect to governmental plans within the meaning of Section 3(32) of ERISA.

Appears in 1 contract

Sources: Master Repurchase Agreement (InPoint Commercial Real Estate Income, Inc.)

Plan Assets. The 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 Participation Certificate and Mortgage Loans Purchased Assets are not “plan assets” within the meaning of 29 C.F.R. § CFR §2510.3-101 in the Seller’s hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Fieldstone Investment Corp)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not "plan assets" within the meaning of 29 C.F.R. § CFR 2510.3-101 in the Seller’s 's hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (E Loan Inc)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not "plan assets" within the meaning of 29 C.F.R. § CFR §2510.3-101 in the Seller’s 's hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Fieldstone Investment Corp)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not “plan assets” within the meaning of 29 C.F.R. CFR § 2510.3-2510.3 101 in the Seller’s hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Ryland Group Inc)

Plan Assets. The 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 Participation Certificate and Mortgage Loans Purchased Assets are not “plan assets” within the meaning of 29 C.F.R. CFR § 2510.3-101 in the Seller’s hands.

Appears in 1 contract

Sources: Master Repurchase Agreement (Ny Credit Corp.)

Plan Assets. The 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 Participation Certificate and Purchased Mortgage Loans are not "plan assets" within the meaning of 29 C.F.R. § 2510.3CFR (S)2510.3-101 in the Seller’s 's hands." SECTION 5. Section 14 of the Existing Repurchase Agreement is hereby amended by adding the following clause (cc) at the end thereof:

Appears in 1 contract

Sources: Master Repurchase Agreement (First NLC Financial Services Inc)