Excess Assets definition

Excess Assets means the amount by which, if at all, the Income Stabilization Fund of either GRS or PFRS is credited with assets in excess of its Estimated Future Liability.

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Excess Assets means assets of the Trust in excess of one hundred and twenty-five per cent (125%) of the Funding Amount.

Excess Assets means, collectively, any Eligible Asset and Top-Up Asset forming part of the Cover Pool which are in excess for the purpose of satisfying the Tests.

Examples of Excess Assets in a sentence

• Where an Excess Assets Direction is delivered, Clause 6.5 (Division of Transaction Security) of the Principal Trust Deed shall not apply.

• An Excess Assets Direction will describe the way in which the Trustee (or any receiver, agent or other person appointed by the Trustee) is required (subject to the Trustee's limited discretion to act otherwise than in accordance with such Excess Assets Direction, as set out in Condition 4(f) (Excess Assets Direction)) to realise the Mortgaged Property, which may affect (i) the amount received in respect of such realisation and (ii) the time frame in which the Mortgaged Property is realised.

• Following such notification, the Trustee may receive an Excess Assets Direction from an Other Creditor that has provided security to the Issuer in support of its obligations under a Swap, Contract, Collateral Securities Agreement, Deposit Agreement or Other Agreement.

• In circumstances where the Transaction Security in respect of any Series of Securities becomes enforceable and the Trustee (or any receiver, agent or other person appointed by the Trustee) determines that the value of the Mortgaged Property relating thereto exceeds or is likely to exceed the total liabilities of the Issuer in respect of such Series, the Trustee will be required to notify certain parties in accordance with Condition 4(f) (Excess Assets Direction).

• The Trustee (and any receiver, agent or other person appointed by the Trustee) and the Issuer shall incur no liability to any person from complying with the instructions in any Excess Assets Direction and the Trustee shall not be required to have any consideration of the interests of the Holders of Securities with respect to the implementation of any Excess Assets Direction.

More Definitions of Excess Assets

Excess Assets are assets of the trust exceeding one hundred twenty-five percent (125%) of the amounts described in subparagraphs (a) and (b) of 2.01-3.

Excess Assets has the meaning set forth in Section 8.

Excess Assets means excess assets as defined in the Funding Policy.

Excess Assets means the assets of the Trust that exceed one hundred twenty-five percent (125%) of the sum of the aggregate liabilities to Plan participants and their beneficiaries pursuant to the terms of the Plans. Additionally, Company may request reimbursement from the Trust for any amounts paid directly by Company to Plan participants pursuant to Section 2(c) hereof by providing a certification of the amounts paid and satisfactory evidence of such payments to Trustee, and upon such request Trustee shall pay such amounts to Company from the Trust. Trustee may rely on such certification and evidence and shall have no obligation for otherwise verifying payment to the Plan participants.

Excess Assets means, in relation to the Cover Pool and on each Guarantor Calculation Date, those Receivables and, if transferred to the Guarantor, Public Entity Securities the aggregate Outstanding Principal of which is equal to: (i) any amount by reason of which the Portfolios comprised in the Cover Pool are in excess (as nominal value, interest coverage and net present value) of any Eligible Assets necessary to satisfy the Statutory Tests on the relevant Guarantor Calculation Date; minus (ii) the aggregate Outstanding Principal of those Receivables and, if transferred to the Guarantor, Public Entity Securities indicated by the Test Calculation Agent as Affected Assets pursuant to the provisions of clause 10 (Payment of Indemnity) of the Warranty and Indemnity Agreement.

Excess Assets are assets of the Trust exceeding the sum of: one hundred twenty-five percent (125%) of the anticipated benefit obligations and administrative obligations that are to be paid under the Plans. MASTER TRUST AGREEMENT FOR RPM, INC. DEFERRED COMPENSATION PLAN(S) ================================================================================

Excess Assets shall have the meaning specified in paragraph 6H(ii).