ARCO CAP definition

ARCO CAP shall have the meaning set forth in Section 7.1.

Examples of ARCO CAP in a sentence

  • Buyer will credit Transferred Employees' prior service with Seller and its Affiliates for all purposes under the Buyer Savings Plan, including any matching schedules, and all Transferred Employees vested in the ARCO CAP shall vest in the Buyer's Savings Plan upon hire regardless of years of service.

  • Appendix 16.3 (i) sets forth special provisions which apply to the merger of CH-20 CAP and Vastar CAP into the Plan and which reflect the transfer of certain liabilities and assets from ARCO CAP to the Plan as of the Effective Date, and (ii) may set forth such special provisions as may apply to any other merger, consolidation or transfer of assets and liabilities.

  • Buyer will permit each of the Transferred Employees at his or her option to transfer his or her ARCO CAP accounts as provided under Section 414(l) of the Code to the Buyer Savings Plan pursuant to a trust-to-trust transfer as soon as administratively possible after the end of the Seconding Period, and to transfer any outstanding loan balances to the Buyer Savings Plan under terms and conditions established by the Buyer Savings Plan.

  • A Participant may have only 2 loans outstanding from the Plan at any time; provided, however, that (i) any loan granted under ARCO CAP, CH-20 CAP or Vastar CAP, whichever is applicable, and outstanding as of the Effective Date, will remain outstanding until fully repaid by the Participant, subject to the terms and conditions of this Article VIII, and (ii) additional loans may be granted to the Participant under the Plan, but not in excess of the maximum number of loans set forth above.

  • Each person who was a participant with an accrued benefit in the Plan, ARCO CAP, CH-20 CAP or Vastar CAP immediately before the Effective Date will continue as a Participant as of the Effective Date, except as provided in Supplement A of Appendix 16.3.

  • Seller will provide Buyer with information for Transferred Employees verifying the service recognized under the ARCO CAP.

  • Appendix 16.3 (i) sets forth special provisions which apply to the merger of CH-20 CAP and Vastar CAP into the Plan and which reflect the transfer of certain liabilities and assets from ARCO CAP to the Plan as of January 1, 2002, and (ii) may set forth such special provisions as may apply to any other merger, consolidation, or transfer of assets and liabilities.

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  • A Participant may have only 2 loans outstanding from the Plan at any time; provided, however, that (i) any loan granted under ARCO CAP, CH-20 CAP, or Vastar CAP, whichever is applicable, and outstanding as of January 1, 2002, will remain outstanding until fully repaid by the Participant, subject to the terms and conditions of this Article VIII, and (ii) additional loans may be granted to the Participant under the Plan, but not in excess of the maximum number of loans set forth above.

  • Appendix B (i) sets forth special provisions which apply to the merger of CH-20 CAP and Vastar CAP into the Plan and which reflect the transfer of certain liabilities and assets from ARCO CAP to the Plan as of January 1, 2002, and (ii) may set forth such special provisions as may apply to any other merger, consolidation, or transfer of assets and liabilities.

Related to ARCO CAP

  • WAC Cap With respect to the Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Net WAC Cap The Group 1 Net WAC Cap, the Group 2 Net WAC Cap or the Subordinate WAC Cap, as applicable.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Earn-Outs means unsecured liabilities of a Loan Party arising under an agreement to make any deferred payment as a part of the Purchase Price for a Permitted Acquisition, including performance bonuses or consulting payments in any related services, employment or similar agreement, in an amount that is subject to or contingent upon the revenues, income, cash flow or profits (or the like) of the target of such Permitted Acquisition.

  • Required Capital Amount has the meaning set forth in Section 5(e) of this Supplement.

  • Sub-Limit means a cost sharing requirement under a health insurance policy in which an Insurer would not be liable to pay any amount in excess of the pre-defined limit.

  • Net WAC Cap Rate With respect to any Distribution Date, the product of (i) a per annum rate equal to the weighted average of the Net Mortgage Rates (or, if applicable, the Modified Net Mortgage Rates) using the Net Mortgage Rates in effect for the Monthly Payments due on such Mortgage Loans during the related Due Period, weighted on the basis of the respective Stated Principal Balances thereof for such Distribution Date and (ii) a fraction equal to 30 divided by the actual number of days in the related Interest Accrual Period.

  • Earn-Out Shares has the meaning provided in Section 2.2(b).

  • Cap Amount shall have the meaning set forth in Section 2.3.10.

  • Adjusted Capital means cumulative gross proceeds generated by the Corporation from sales of shares of Common Stock (including proceeds from the Corporation’s distribution reinvestment plan) reduced for amounts paid for share repurchases pursuant to the Corporation’s share repurchase program. The calculation of the Subordinated Incentive Fee on Income for each quarter is as follows:

  • Earnout Shares has the meaning set forth in Section 3.6(a).

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Total adjusted capital means the sum of:

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Indemnification Cap has the meaning set forth in Section 9.3(a).

  • Earnout Payments has the meaning specified in Section 2.7.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Retained limit means the greater of:

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Terrorism Cap Amount is the specified percentage (which is at least equal to 200%) of the amount of the insurance premium that is payable at such time in respect of the property and business interruption/rental loss insurance required under the related Loan Documents (without giving effect to the cost of terrorism and earthquake components of such casualty and business interruption/rental loss insurance).

  • Group III Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.

  • Adjusted Capital and Reserves means the aggregate of:

  • Hurdle Amount means for the applicable period, an amount equal to 5.0% of the Beginning VPU.