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.

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

• The Company may make a loan to a Participant ("Loan"), either on the date of or after the grant of any Award to the Participant.

• Sources of Funds: Funds held in this account come from (a) transfers from the Reserve Earnings Account and the Participant Loan Interest Account undertaken approximately annually or at the time of an issuance of additional Program Bonds and (b) earnings on amounts invested in the Equity accounts.

• Drinking Water Equity Earnings Account Sources of Funds: Funds held in this account come from (a) transfers from the Reserve Earnings Account and the Participant Loan Interest Account undertaken approximately annually or at the time of an issuance of additional Program Bonds and (b) earnings on amounts invested in the Equity accounts.

• Loans are permitted in accordance with the Participant Loan Policy attached to this SPD.

• Drinking Water Participant Loan Principal Account Sources of Funds: Funds held in this account come from principal payments on loans made from the Purchase Account and the former State Match Loan Account.

More Definitions of Participant Loan

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

Participant Loan has the meaning ascribed thereto in Section 2.1.

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 means any loan or loans made by a financial institution at any time or from time to time to a Participant who is a Senior Employee in connection with the purchase by the Nominee, as agent for and for the benefit of such Participant, of Plan Shares pursuant to Section 3.3 which are guaranteed by the Corporation or any of its Subsidiaries in accordance with Section 3.6, and shall include any interest from time to time accrued and unpaid thereon.

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 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.

Participant Loan means the first trust deed loan a Participant utilizes to finance the purchase a Program Unit.