Examples of Exempt Loan in a sentence
The number of years to maturity under the Exempt Loan must be definitely ascertainable at all times.
Any such Exempt Loan shall provide for no more than a reasonable rate of interest and shall be without recourse against the Plan.
Such contribution and earnings shall be accounted for separately by the Plan until the Exempt Loan is repaid.
The first category relates to shares of Stock released from the Unallocated Stock Fund attributable to using cash dividends to make Exempt Loan payments.
If the Trustee, upon instructions from the Committee, incurs any Exempt Loan upon the purchase of Stock, the Employer may contribute for each Plan Year an amount sufficient to cover all payments of principal and interest as they come due under the terms of the Exempt Loan.