Other Plan Law definition

Other Plan Law. Any state, local, other federal or non-U.S. laws or regulations that are substantially similar to the prohibited transaction provisions of Section 406 of ERISA or Section 4975 of the Code.

Other Plan Law. Any State, local, Federal or non-U.S. laws or regulations that are substantially similar to the prohibited transaction provisions of ERISA or Section 4975 of the Code.

Other Plan Law means any federal, state, local or non-U.S. law or regulation that is substantially similar to the prohibited transaction provisions of Section 406 of ERISA and/or Section 4975 of the Code.

Examples of Other Plan Law in a sentence

• It further agrees and acknowledges that the Issuer has the right, under the Indenture, to compel any holder or beneficial owner of a Co-Issued Note who has made or has been deemed to make a prohibited transaction or Other Plan Law representation that is subsequently shown to be false or misleading or 3 Applicable to Rule 144A Global Notes.

• It further agrees and acknowledges that the Issuer has the right, under the Indenture, to compel any holder or beneficial owner of a Class D Note or a Class E Note who has made or has been deemed to make a prohibited transaction or Other Plan Law representation that is subsequently shown to be false or misleading or whose ownership otherwise causes a violation of the 25% Limitation to sell its 1 Applicable to Co-Issued Notes.

• A governmental, church, non-U.S. or other plan will be deemed to represent that (x) it is not, and for so long as it holds such Notes or interest therein will not be, subject to any Similar Law and (y) its acquisition, holding and disposition of such Notes will not constitute or result in a non-exempt violation of any Other Plan Law.

• With Respect to all Notes: The Purchaser’s purchase, holding and disposition of Notes will not constitute or result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or, in the case of a governmental, non-U.S. or church or other plan, a violation of any Other Plan Law, and will not subject the Issuer, the Bank or the Initial Purchaser to any laws, rules or regulations applicable to such plan as a result of the investment in the Issuer by such plan.

• It understands and agrees that the information supplied in this Agreement will be used and relied upon by the Issuer and the Trustee to determine that (i) the purchase, holding, or disposition of any Subject Notes will not result in a non-exempt prohibited transaction under ERISA or the Code and will not result in a non-exempt violation of any applicable Other Plan Law, and (ii) no Affected Bank, directly or in conjunction with its affiliates, owns or holds any Subject Notes at any time.

• It further agrees and acknowledges that the Issuer has the right, under the Indenture, to compel any holder or beneficial owner of a Class D Note who has made or has been deemed to make a prohibited transaction or Other Plan Law representation that is subsequently shown to be false or misleading or whose ownership otherwise causes a violation of the 25% Limitation to sell its interest in the Class D Note or may sell such interest on behalf of such owner.]2 1 Applicable to Co-Issued Notes.

• In the case of Subordinated Notes, if the purchaser or transferee is a governmental, church, non-U.S. or other plan, its purchase, holding and disposition of Securities will not (a) constitute or result in it being subject to any Similar Law or (b) cause a non-exempt violation of Other Plan Law.

• It further agrees and acknowledges that the Issuer has the right, under the Indenture, to compel any beneficial owner of a Class M Note who has made or has been deemed to make a Benefit Plan Investor, Controlling Person, Similar Law or Other Plan Law representation that is subsequently shown to be false or misleading or whose ownership otherwise causes a violation of the 25% Limitation to sell its interest in the Class M Note, or may sell such interest on behalf of such owner.

• If the Purchaser is a governmental, church, non-U.S. or other plan, its purchase, holding and disposition of ERISA Securities will not (a) constitute or result init being subject to any Similar Law or (b) cause a non-exempt violation of Other Plan Law.

• It further agrees and acknowledges that if it is notified or otherwise has knowledge that (i) it has made or been deemed to have made a prohibited transaction representation or a Benefit Plan Investor, Controlling Person, Similar Law or Other Plan Law representation that is or becomes false or misleading or (ii) its beneficial ownership otherwise may cause a violation of the 25% Limitation, it shall promptly notify the Issuer and the Trustee thereof.

More Definitions of Other Plan Law

Other Plan Law has the meaning specified in Section 2.01(d).

Other Plan Law means any federal, state, local or other law or regulation that could cause the underlying assets of the Company to be treated as assets of any governmental, church, non-U.S. or other benefit plan (other than a Plan).

Other Plan Law. Any state, local, other federal or non-U.S. laws or regulations that are substantially similar to the prohibited transaction provisions of Section 406 of ERISA or Section 4975 of the Code. “Outstanding”: With respect to the Debt or the Debt of any specified Class, as of any date of determination, all of the Debt or all of the Debt of such Class, as the case may be, theretofore authenticated and delivered under this Indenture (or, with respect to the Class A-L Loans, incurred under the Class A-L Loan Agreement), except: (i) (x) Notes theretofore canceled by the Notes Registrar or delivered to the Notes Registrar for cancellation in accordance with the terms of Section 2.9 hereof and (y) Class A-L Loans canceled by the Loan Agent or delivered to the Loan Agent for cancellation in accordance with the Class A-L Loan Agreement; (ii) Debt or portions thereof for whose payment or redemption funds in the necessary amount have been theretofore irrevocably deposited with the Trustee or any Paying Agent for the Holders of such Debt pursuant to Section 4.1(a)(ii) hereof or the Class A-L Loan Agreement, as applicable; provided that if such Debt or portions thereof are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; (iii) Notes in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to this Indenture, unless proof satisfactory to the Trustee is presented that any such Notes are held by a “protected purchaser” (within the meaning of Section 8-303 of the UCC); (iv) (x) Notes alleged to have been mutilated, destroyed, lost or stolen for which replacement Notes have been issued as provided in Section 2.6 and (y) loan notes, if any, signed by the Issuer in its capacity as borrower under the Class A-L Loan Agreement and delivered to Class A-L Lenders that are alleged to have been lost or destroyed for which replacement Class A-L Loan notes have been issued as provided in the Class A-L Loan Agreement; and (v) Class A-L Loans repaid, redeemed or converted into Class A-1 Notes pursuant to the terms hereof and of the Class A-L Loan Agreement. provided that in determining whether the Holders of the requisite Aggregate Outstanding Amount have given any request, demand, authorization, direction, notice, consent or waiver hereunder,

Other Plan Law. Any state, local, non-U.S. or other federal law, regulation or other legal restriction that is substantially similar to the fiduciary responsibility or prohibited transaction provisions contained in Title I of ERISA or Section 4975 of the Code.

Other Plan Law. Any state, local, other federal or non-U.S. laws or regulations that are substantially similar to the prohibited transaction provisions of Section 406 of ERISA or Section 4975 of the Code. “Outstanding”: With respect to each Class of Notes, as of any date of determination, the aggregate principal amount of the Notes of such Class, theretofore authenticated and delivered under this Indenture, except: (i) Notes theretofore canceled by the Registrar or delivered to the Registrar for cancellation in accordance with the terms of Section 2.9; (ii) Notes or portions thereof for whose payment or redemption funds in the necessary amount have been theretofore irrevocably deposited with the Trustee in trust for the Holders of such Notes pursuant to Section 4.1(a)(ii); provided that if such Notes or portions thereof are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; (iii) Notes in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to this Indenture, unless proof satisfactory to the Trustee is presented that any such Notes are held by a “protected purchaser” (within the meaning of Section 8-303 of the UCC); and

Other Plan Law means Law substantially similar to Section 406 of ERISA or Section 4975 of the Code that would be violated by the transactions contemplated by the Loan Documents.