Transfer Amounts Sample Clauses
Transfer Amounts. Buyer shall cause the Buyer 401(k) Plan to accept such transfer of accounts and underlying assets and, effective as of the date of such transfer, to assume and to fully perform, pay or discharge, the obligations relating to the accounts of 401(k) Employees in accordance with any applicable legal requirements (including Section 414(l) of the Code) (collectively, the “Transferred 401(k) Liabilities”). The transfers shall be conducted in accordance with the terms of the Parent 401(k) Plan, Section 414(l) of the Code, Treasury Regulation 1.414(l)-1 and Section 208 of ERISA. Buyer agrees to indemnify and hold harmless Parent and its Affiliates and their respective officers, directors, employees and agents from and against the Transferred 401(k) Liabilities and any and all costs, damages, losses, expenses or other liabilities relating to the 401(k) Transfer Amounts.
Transfer Amounts. The Insurance Company may accept directly from another 403(b) annuity all or part of an Eligible Employee's interest in such 403(b) annuity. Any transfer of an Eligible Employee's interest from another 403(b) annuity into this Contract must comply with the requirements of Revenue Ruling 90-24 and any other applicable guidance issued by the Internal Revenue Service. The Insurance Company may request any documents or other information from the Eligible Employee or opinions of counsel which the Insurance Company deems necessary to establish that such interest may be properly transferred to this Contract. The Insurance Company shall not accept any Transfer Amount to the extent that acceptance of such Transfer Amount would necessitate the Insurance Company to take actions inconsistent with the other provisions of this Contract.
Transfer Amounts. Any Note is transferable only upon the ---------------- surrender to the Trustee of such Note together with the certificates required pursuant to Section 205(i) hereof. Upon satisfaction of the requirements set forth in the preceding sentence, each Holder of a Note shall have the right, upon surrender of such Note to the Trustee, to require a new Note or Notes to be issued to it, in a minimum denomination of the lesser of (x) $1,000,000 or (y) the entire principal balance of the Note being surrendered, in substitution of the Note being surrendered.