ERISA Partner definition

ERISA Partner means a Limited Partner that is either (i) a “benefit plan investor” within the meaning of Section 3(42) of ERISA and Section 2510.3-101(f)(2) of the Plan Assets Regulations or (ii) any Government Plan.

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ERISA Partner means, with respect to any determination hereunder, (i) any Limited Partner that (A) is a Benefit Plan Investor and (B) has notified the General Partner in writing of such status at any time prior to such determination or (ii) any Limited Partner designated as an “ERISA Partner” by the General Partner with such Limited Partner’s consent (which designation may be for purposes of any or all provisions of this Agreement).

ERISA Partner means any Partner that is a “benefit plan investor” and which has notified the General Partner in writing of such status at any time prior to such determination.

Examples of ERISA Partner in a sentence

In the event of the issuance and delivery of such opinion of counsel, the General Partner shall promptly provide to each Partner a copy thereof, together with a copy of the written notice of the election of such ERISA Partner to withdraw or the written demand of the General Partner for withdrawal, as the case may be.
Such distribution to the withdrawing ERISA Partner shall be payable in cash or cash equivalents.
The reasonable costs of obtaining or seeking an opinion of counsel for purposes of this Section 12.5, whether or not such opinion is to the effect specified above or results in the withdrawal of the ERISA Partner, shall be borne by the ERISA Partner.
Notwithstanding the foregoing, as a condition of its withdrawal from the Partnership, such ERISA Partner shall be required to fund its pro rata portion of the outstanding balance of the Credit Facility, based on the ratio of the ERISA Partner’s Unfunded Commitment at such time to the aggregate amount of Unfunded Commitments of all Partners at such time.
Notwithstanding anything in this Agreement to the contrary, any such correction shall prevent such Lender from receiving any direct or indirect fees, loan repayments, or any other benefits from such ERISA Partner.

More Definitions of ERISA Partner

ERISA Partner means either any (a) Limited Partner or (b) holder of shares of beneficial interest in the General Partner that received such Shares in the mergers of ZML Investors, Inc., ZML Investors II, Inc., Zell/▇▇▇r▇▇▇ ▇▇▇c▇ ▇▇▇l Estate Opportunity Partners III Trust, and Zell/▇▇▇r▇▇▇ ▇▇▇c▇ ▇▇▇l Estate Opportunity Partners IV Trust into the General Partner, and which Limited Partner or shareholder is either (i) an employee benefit plan subject to Title I of ERISA or section 4975 of the Code, or (ii) a nominee for or a trust established pursuant to such employee benefit plan, or (iii) which is an entity whose underlying assets include assets of such employee benefit plan by reason of such plan's investment in such entity.

ERISA Partner means any Limited Partner that is (a) an “employee benefit plan” within the meaning of Section 3(3) of ERISA and subject to Part 4 of Title I of ERISA, (b) a “plan”, as defined in Section 4975(e)(1) of the Code, to which the provisions of Section 4975 of the Code are applicable, or (c) any other Person, any of the assets of which, or held by which, constitute, under applicable law, assets of an employee benefit plan subject to the provisions of Part 4 of Title I of ERISA or of a plan subject to the provisions of Section 4975 of the Code.

ERISA Partner means each Limited Partner the assets of which constitute “plan assets” under ERISA.

ERISA Partner means any Limited Partner that is (or is acting on behalf of or using the assets of) any “benefit plan investor” within the meaning of Section 3(42) of ERISA (which, for the avoidance of doubt, shall include any (i) employee benefit plan (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA, (ii) plan (as defined in Section 4975(e)(1) of the Code) to which Section 4975 of the Code applies, including an individual retirement account and certain Keogh Plans, or (iii) entity whose underlying assets include “plan assets” of a plan described in clauses (i) or (ii) above by reason of a plan’s investment in such entity, including, as applicable, an insurance company general account, an insurance company separate account or a collective investment fund).

ERISA Partner means any Member that is, or whose equity interests are at least partially owned by, an employee benefit plan subject to ERISA or a “benefit plan investor” within the meaning of the Plan Asset Rules.

ERISA Partner. Any Limited Partner that is a “benefit plan investor” within the meaning of the Plan Asset Regulations.

ERISA Partner means any Partner that is a “benefit plan investor” within the meaning of Section 3(42) of ERISA. “Excess GP Investment” has the meaning ascribed to it in Paragraph 3.1.5(f).