PTCE 95-60 definition

PTCE 95-60 shall have the meaning specified in Section 3.4.
PTCE 95-60. As defined in Section 5.02(c)(ii).

Examples of PTCE 95-60 in a sentence

OR (C) (I) THE TRANSFEREE IS AN INSURANCE COMPANY, (II) THE SOURCE OF FUNDS USED TO PURCHASE OR HOLD THIS CERTIFICATE IS AN “INSURANCE COMPANY GENERAL ACCOUNT” (AS DEFINED IN U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 95-60), AND (III) THE CONDITIONS SET FORTH IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED (EACH ENTITY THAT SATISFIES THIS CLAUSE (C), A “COMPLYING INSURANCE COMPANY”).

The Class E Notes may not be acquired by or for the account of any Benefit Plan, other than an “insurance company general account” (as defined in Prohibited Transaction Class Exemption (“ PTCE”) 95-60) whose underlying assets include less than 25% “plan assets” and for which the purchase and holding of Class E Notes is eligible for and satisfies all conditions for relief under PTCE 95-60.

OF ANY PLAN, (III) (1) IT IS AN INSURANCE COMPANY, (2) THE SOURCE OF FUNDS USED TO ACQUIRE OR HOLD THE CERTIFICATE OR INTEREST THEREIN IS AN "INSURANCE COMPANY GENERAL ACCOUNT," AS SUCH TERM IS DEFINED IN PROHIBITED TRANSACTION CLASS EXEMPTION ("PTCE") 95-60, AND (3) THE CONDITIONS IN SECTIONS I AND III OF PTCE 95-60 HAVE BEEN SATISFIED.

If, in the case of ERISA-Restricted Certificates that have been the subject of an ERISA-Qualifying Underwriting, we are an insurance company, we are purchasing such Certificates with funds contained in an “insurance company general account” (as such term is defined in Section V(e) of Prohibited Transaction Class Exemption (“PTCE”) 95-60) and our purchase and holding of such Certificates are covered under Sections I and III of PTCE 95-60.

Charles Title: Authorized Officer EXHIBIT A FORM OF NOTES Each transferee or purchaser of this Note that is a plan or is investing plan assets, by acceptance of this Note or an interest in this Note, represents that the investment and holding of this Note satisfy the conditions for exemptive relief under PTCE 84-14, PTCE 90-1, PTCE 91-38, PTCE 95-60, PTCE 96-23, or a similar exemption.


More Definitions of PTCE 95-60

PTCE 95-60. As defined in Section 5.02(b).
PTCE 95-60 shall have the meaning set forth in Section 13.5(a) hereof.
PTCE 95-60. As defined in Section 5.02.
PTCE 95-60. As defined in Section 5.02(c).