Examples of Benefit Plan Investors in a sentence
Without limiting the ability of the Directors to compel the compulsory redemption of Shares by anyone who is a Restricted Person, the Directors may require the compulsory redemption of Shares to ensure that the interests of Benefit Plan Investors do not equal 25% or more of the value of any Class.
An entity described in (iii) immediately above will be considered to hold plan assets only to the extent of the percentage of the equity interests in the entity held by Benefit Plan Investors.
Subscribers who are either (i) Benefit Plan Investors or (ii) investing on behalf of or with assets of a Benefit Plan Investor must complete Appendix B.
Benefit Plan Investors also include that portion of any insurance company’s general account assets that are considered “plan assets” and (except if the entity is an investment company registered under the 0000 Xxx) also include assets of any insurance company separate account or bank common or collective trust in which plans invest.
As such, no Benefit Plan Investors will be permitted to subscribe for, or otherwise own, Shares as provided for in section 10.3 “Ownership Restrictions” of the Prospectus.