Qualified Default Investment Alternative Sample Clauses

Qualified Default Investment Alternative. If you are the sponsor of a plan subject to ERISA, you may want to elect a plan-level default investment option that is a "Qualified Default Investment Alternative" (QDIA) as defined under applicable law and regulations. If certain conditions are satisfied, plan fiduciaries can rely on safe harbor relief from fiduciary liability related to investment outcomes experienced in connection with contributions defaulted into the default investment option for those participants who failed to provide investment direction. However, fiduciaries are not relieved of their obligation to prudently select and monitor the default investment option, or from any liability that results from failure to do so. The investment options directly above have all been reviewed by the related fund company and determined by it to meet the definition of a QDIA under applicable law. If you intend for the plan-level default investment option you have chosen above for your plan to be QDIA-compliant, please xxxx the box below. □ I intend for my plan-level default investment option to be a Qualified Default Investment Alternative. I understand that a notice must be provided to participants and beneficiaries at least 30 days prior to either the initial investment in a QDIA or eligibility for the plan. In addition, an annual notice must be provided no less than 30 days prior to the beginning of each subsequent plan year that contributions continue to be invested in the QDIA.
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Qualified Default Investment Alternative. An Investment option(s) provided by Employers to receive contributions from Participants who are given the opportunity to direct the investment of their Plan accounts, but fail to make an affirmative investment election.
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Qualified Default Investment Alternative. Plan Sponsor will designate the QDIA, as described in Exhibit A, as the Plan’s default investment for those Participants who have automatically enrolled or have otherwise failed to direct the investment of their individual accounts under the Plan. Plan Sponsor agrees to provide any required QDIA notices to Participants in accordance with ERISA Section 404(c)(5) and the regulations thereunder.
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Qualified Default Investment Alternative. The Qualified Default Investment Alternative for a Participant as of January 1, 2016, is the Vanguard Target Retirement Fund that is designed to mature nearest the Participant’s Normal Retirement Age.
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Qualified Default Investment Alternative a Qualified Default Investment Alternative as defined in Regulations issued by the U.S. Department of Labor. APC 00-000-00 AC 6059 Rider 12 1
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Qualified Default Investment Alternative. Redhawk will designate the QDIA, as described in Exhibit A, as the Plan’s default investment for those Participants who have automatically enrolled or have otherwise failed to direct the investment of their individual accounts under the Plan. Plan Sponsor agrees to provide any required QDIA notices to Participants in accordance with ERISA Section 404(c)(5) and the regulations thereunder.
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Related to Qualified Default Investment Alternative

  • Mandatory Prepayments due to Borrowing Base Deficiency In the event that at any time any Borrowing Base Deficiency shall exist, the Borrower shall, within five Business Days after delivery of the applicable Borrowing Base Certificate, prepay the Loans (or provide Cash Collateral for Letters of Credit as contemplated by Section 2.05(k)) or reduce Other Covered Indebtedness in such amounts as shall be necessary so that such Borrowing Base Deficiency is cured; provided that, if the Borrower (x) chooses, by written notice to the Administrative Agent within such five (5) Business Day period, to make such repayment by means of a Capital Call (which notice shall include a certification by a Financial Officer that the uncalled capital commitments of the Borrower at such time, excluding uncalled capital commitments of Defaulted Investors, exceed the amount of such Borrowing Base Deficiency), the Borrower shall have thirty (30) Business Days to cure the Borrowing Base Deficiency (which 30-Business Day period shall include the five (5) Business Days permitted for delivery of such written notice to the Administrative Agent) and (y) makes the Capital Call to its Investors (as defined in the Guarantee and Security Agreement) within ten (10) Business Days of the date of notice to the Administrative Agent (and provides the Administrative Agent with written evidence of the Capital Call notice within two (2) Business Days of such notice being sent); and provided further that (i) the aggregate amount of such prepayment of Loans (and Cash Collateral for Letters of Credit) shall be at least equal to the Revolving Percentage times the aggregate prepayment of the Covered Debt Amount, and (ii) if, within five Business Days after delivery of a Borrowing Base Certificate demonstrating such Borrowing Base Deficiency, the Borrower shall present the Lenders with a reasonably feasible plan (other than the use of a Capital Call as described above) acceptable to the Required Lenders in their sole discretion to enable such Borrowing Base Deficiency to be cured within 30 Business Days (which 30-Business Day period shall include the five (5) Business Days permitted for delivery of such plan), then such prepayment or reduction shall not be required to be effected immediately but may be effected in accordance with such plan (with such modifications as the Borrower may reasonably determine), so long as such Borrowing Base Deficiency is cured within such 30-Business Day period.

  • Replacement of a Defaulting Lender (a) The Company may, at any time a Lender has become and continues to be a Defaulting Lender, by giving five Business Days’ prior written notice to the Facility Agent and such Lender:

  • Payment of accrued default interest Subject to the other provisions of this Agreement, any interest due under this Clause shall be paid on the last day of the period by reference to which it was determined; and the payment shall be made to the Agent for the account of the Creditor Party to which the overdue amount is due.

  • Payment Permitted If No Default Nothing contained in this Article XII or elsewhere in this Indenture or in any of the Securities shall prevent (a) the Company, at any time, except during the pendency of the conditions described in paragraph (a) of Section 12.2 or of any Proceeding referred to in Section 12.2, from making payments at any time of principal of and any premium or interest (including any Additional Interest) on the Securities or (b) the application by the Trustee of any moneys deposited with it hereunder to the payment of or on account of the principal of and any premium or interest (including any Additional Interest) on the Securities or the retention of such payment by the Holders, if, at the time of such application by the Trustee, it did not have knowledge (in accordance with Section 12.8) that such payment would have been prohibited by the provisions of this Article XII, except as provided in Section 12.8.

  • Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.8.1 [Increased Costs Generally] or 5.8.2 [Capital Requirements] and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

  • Collateralization of Obligations Extending Beyond Maturity If Borrower has not secured to Bank’s satisfaction its obligations with respect to any Ancillary Services by the Formula Revolving Maturity Date, then, effective as of such date, the balance in any deposit accounts held by Bank and the certificates of deposit or time deposit accounts issued by Bank in Borrower’s name (and any interest paid thereon or proceeds thereof, including any amounts payable upon the maturity or liquidation of such certificates or accounts), shall automatically secure such obligations to the extent of the then continuing or outstanding Ancillary Services. Borrower authorizes Bank to hold such balances in pledge and to decline to honor any drafts thereon or any requests by Borrower or any other Person to pay or otherwise transfer any part of such balances for so long as the applicable Ancillary Services are outstanding or continue.

  • Borrowing Base Deficiency If at any time there exists a Borrowing Base Deficiency the Borrower shall cure same in accordance with Section 2.06 hereof.

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