Common use of Plan Assets Clause in Contracts

Plan Assets. No Seller shall be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers shall not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 3 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

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Plan Assets. No Seller shall be is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code Code, and the Sellers shall Purchased Mortgage Loans are not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunderthe Sellers’ hands.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Homebanc Corp), Master Repurchase Agreement (Homebanc Corp), Master Repurchase Agreement (Fieldstone Investment Corp)

Plan Assets. No Seller shall be is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code Code, and the Sellers shall Purchased Mortgage Loans are not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in this Repurchase Agreement or any Transaction hereundersuch Seller’s hands.

Appears in 3 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (ECC Capital CORP)

Plan Assets. No Neither Seller shall be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers no Seller shall not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Fieldstone Investment Corp), Master Repurchase Agreement (Fieldstone Investment Corp)

Plan Assets. No Seller shall be is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code Code, and the Sellers shall Purchased Assets are not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunderthe Seller’s hands.

Appears in 2 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (New Century Financial Corp)

Plan Assets. No Seller shall not be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers Seller shall not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (WMC Finance Co)

Plan Assets. No Seller shall not be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers Seller shall not use "plan assets" within the meaning of 29 CFR §2510.3ss.2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (Winthrop Realty Trust)

Plan Assets. No Seller shall not be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers Seller shall not use “plan assets” within the meaning of 29 CFR §§ 2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (Ny Credit Corp.)

Plan Assets. No Seller shall be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers no Seller shall not use "plan assets" within the meaning of 29 CFR §2510.3ss.2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: American Home Mortgage Investment Corp

Plan Assets. No Seller shall not be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(14975(e)(l) of the Code and the Sellers Seller shall not use "plan assets" within the meaning of 29 CFR §2510.3(S)2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder."

Appears in 1 contract

Samples: Master Repurchase Agreement (First NLC Financial Services Inc)

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Plan Assets. No Seller shall not be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers Seller shall not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (Homebanc Corp)

Plan Assets. No Seller shall not be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers Seller shall not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (Care Investment Trust Inc.)

Plan Assets. No Seller shall not be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers Seller shall not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (Standard Pacific Corp /De/)

Plan Assets. No Seller shall be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers no Seller shall not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

Plan Assets. No Seller shall not be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code and the Sellers Seller shall not use "plan assets" within the meaning of 29 CFR §2510.3ss.2510.3-101 to engage in this Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: Chimera Investment Corp

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