Participant Loan definition

Participant Loan means a loan that affects the Deferred Compensation Account, Designated Roth Account, or a combination of both, of a participant.

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Participant Loan means a loan in which an Originator acquired a Participation Interest from a third party that constitutes less than one hundred percent (100%) of the interests of the lenders in and to such loan.

Participant Loan means a Clean Water Loan or a Drinking Water Loan.

Examples of Participant Loan in a sentence

It is the intention of each of Lessee, Owner Participant, Loan Participant, the Note Holders (such intention being evidenced by each of their acceptance of an Equipment Note), Owner Trustee and Mortgagee that Owner Trustee, as lessor under the Lease (and Mortgagee as assignee of Owner Trustee under the Trust Indenture), shall be entitled to the benefits of Section 1110 in the event of a case under Chapter 11 of the Bankruptcy Code in which Lessee is a debtor.
It is the intention of each of Lessee, Owner Participant, Loan Participants, the Note Holders (such intention being evidenced by each of their acceptance of an Equipment Note), Owner Trustee and Mortgagee that Owner Trustee, as lessor under the Lease (and Mortgagee as assignee of Owner Trustee under the Trust Indenture), shall be entitled to the benefits of Section 1110 in the event of a case under Chapter 11 of the Bankruptcy Code in which Lessee is a debtor.
All loans shall be made in accordance with the separate document attached to the Plan and made a part thereof entitled "Participant Loan Procedures," as it may be amended from time to time.
In such cases, the Guarantors also agree to pay to the Lenders all principal and interest due on the Participant Loan, to the extent that such sums are not paid out of the proceeds of the redemption of the Purchased Units pursuant to the provisions of the Lock-up Agreement and the letter of direction referred to therein, and the Participant shall have no obligation to reimburse the Guarantors on account of such payments.
Additionally, the Loan Fiduciary shall establish the interest rate to be charged for the Participant Loan, the maturity date of the loan, the amount which may be loaned, and the amount of the affected vested account balance which may secure the Participant Loan under applicable laws and regulations.

More Definitions of Participant Loan

Participant Loan means a loan financed by the Company and issued to a Participant pursuant to Section 8 for the purchase of Common Stock pursuant to an Offer Agreement;

Participant Loan has the meaning ascribed thereto in Section 2.1.

Participant Loan means a loan from the Trust Fund to a Participant pursuant to the terms of the Plan.

Participant Loan means any loan amount advanced by Smart Tech to a Participant (together with any accrued but unpaid interest thereon) used by the Participant to purchase Equity Plan Shares in accordance with the terms of this Plan.

Participant Loan means any Transferred Loan in which an Applicable Seller acquired a participating interest from a Third Party that constitutes less than one hundred percent (100%) of the interests of the lenders in and to the Transferred Loan.

Participant Loan means any loan permitted as an investment option pursuant to the terms of Plan Article 8.

Participant Loan means the loan amount previously advanced by Smart Tech to a Continuing Participant, a Transitional Participant or a Terminated Participant (together with any accrued but unpaid interest thereon) which amount was used by such Participant to purchase Equity Plan Shares in accordance with the terms of this Plan.