Prohibited Transaction definition

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

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

Prohibited Transaction a transaction which 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.

Examples of Prohibited Transaction in a sentence

• The Borrower will not take any action or omit to take any action that would result in its assets including (x) Plan Assets or (y) “plan assets” of any governmental plan that is subject to Similar Law, or that would result in the transactions contemplated under the Loan Documents, including exercise of rights with respect to the Collateral, constituting a Prohibited Transaction or violation of Similar Law.

• No transaction contemplated by the Loan Documents, including the exercise of rights with respect to the Collateral, constitutes or will result in a Prohibited Transaction or violation of Similar Law, and the Borrower has not taken, or omitted to take, any action which, would constitute or result in the occurrence of any Prohibited Transaction or violation of Similar Law in connection with the transactions contemplated hereunder.

More Definitions of Prohibited Transaction

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 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.

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 means any transaction involving any Plan which is proscribed by Section 406 of ERISA or Section 4975 of the Code.

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