Common use of Plan Loans Clause in Contracts

Plan Loans. At the direction of the Investment Fiduciary, the Trustee shall invest assets of the Trust Fund in loans to Participants. Any such direction shall be deemed to include a certification by the Investment Fiduciary that such loan is in accordance with provisions of the Plan and ERISA and does not constitute a “prohibited transaction” under ERISA. The Trustee shall accept as collateral for each Participant loan only the appropriate amount of the Participant’s Plan account designated by the Plan or established policies. The Trustee shall invest all loan repayments in accordance with the directions of the Investment Fiduciary and shall make distributions of defaulted loans as directed by the Investment Fiduciary.

Plan Loans. At the direction of the Investment Named Fiduciary, the Trustee shall invest assets of the Trust Fund in loans to Participants. Any such direction shall be deemed to include a certification by the Investment Named Fiduciary that such loan is in accordance with provisions of the Plan and ERISA 119 and does not constitute a “"prohibited transaction” " under ERISA. The Trustee shall accept as collateral for each Participant loan only the appropriate amount of the Participant’s 's Plan account designated by the Plan document or established policies. The Trustee shall invest all loan repayments in accordance with the directions of the Investment Named Fiduciary and shall make distributions of defaulted loans as directed by the Investment Named Fiduciary.

Plan Loans. At the direction of the Investment Named Fiduciary, the Trustee shall invest assets of the Trust Fund in loans to Participants. Any such direction shall be deemed to include a certification by the Investment Named Fiduciary that such loan is in accordance with provisions of the Plan and ERISA and does not constitute a “prohibited transaction” under ERISA. The Trustee shall accept as collateral for each Participant loan only the appropriate amount of the Participant’s Plan account designated by the Plan document or established policies. The Trustee shall invest all loan repayments in accordance with the directions of the Investment Named Fiduciary and shall make distributions of defaulted loans as directed by the Investment Named Fiduciary.