Prohibited Transaction definition

Prohibited Transaction means any transaction set forth in Section 406 of ERISA or Section 4975 of the Code.

Prohibited Transaction as defined in Section 406 of ERISA and Section 4975(c) of the Code.

Prohibited Transaction means any prohibited transaction as defined in Section 4975 of the Internal Revenue Code or Section 406 of ERISA for which neither an individual nor a class exemption has been issued by the United States Department of Labor.

Examples of Prohibited Transaction in a sentence

Fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur, fail to comply in all material respects with the Federal Fair Labor Standards Act or violate any law or regulation, which violation could reasonably be expected to have a Material Adverse Effect or a material adverse effect on the Collateral or the priority of Agent’s Lien on the Collateral, or permit any of its Subsidiaries to do any of the foregoing.
There has been no Prohibited Transaction or violation of the fiduciary responsibility rules with respect to any Plan or Multiemployer Plan, except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
The Borrower has not taken, or omitted to take, any action which, assuming no assets of the Lenders being used in connection with the Loans or this Agreement are treated as “plan assets” for purposes of 29 C.F.R. Section 2510.3-101 and Section 3(42) of ERISA or as the assets of any governmental, church, non-U.S. or other plan that is subject to Similar Law or would result in the occurrence, by reason thereof, of any Prohibited Transaction in connection with the transactions contemplated hereunder.

Prohibited Transaction has the meaning set forth in ERISA Sec. 406 and Code Sec. 4975.

Prohibited Transaction. The meaning set forth from time to time in the definition thereof at Section 860F(a)(2) of the Code (or any successor statute thereto) and applicable to the Trust.

Prohibited Transaction means a transaction with respect to a Plan that is prohibited under section 4975 of the Code or section 406 of ERISA and not exempt under section 4975 of the Code or section 408 of ERISA.

Prohibited Transaction has the meanings set forth for such term in Section 4975 of the Internal Revenue Code and Section 406 of ERISA.

Prohibited Transaction has the meaning specified in Section 6.1(v)(v).

Prohibited Transaction means a transaction with a third party or third parties in which the Company issues or sells (or arranges or agrees to issue or sell):

Prohibited Transaction means a transaction with respect to a Plan that is prohibited under Section 4975 of the Code or Section 406 of ERISA and not exempt under Section 4975 of the Code or Section 408 of ERISA.