Adequately Funded definition

Adequately Funded means a Plan's assets-to-liabilities relationship described herein. A Plan is Adequately Funded if, as of the last day of the Plan Year which has most recently ended (the "Valuation Date") and based on an actuarial valuation made as of the first day of such Plan Year by the Plan's regular actuarial consultant, the value of the Plan's assets as determined under Section 412(c)(2) of the Internal Revenue Code, including any contributions made to the Plan within eight and 1/2 months of the Valuation Date, is not less than 80% of the Plan's Current Liability, as determined under Section 412(l)(7) of the Code using the maximum allowable interest rate under such subsection, and recognizing over three years any plan change, such as any plan amendment or required statutory change in benefits, (but not changes in actuarial assumption or normal plan experience).
Sample 1
Adequately Funded means a Plan’s assets-to-liabilities relationship described herein. A Plan is Adequately Funded if, as of the last day of the Plan Year which has most recently ended (the “Valuation Date”) and based on an actuarial valuation made as of the first day of such Plan Year by the Plan’s regular actuarial consultant, the value of the Plan’s assets as determined under Section 412(c)(2) of the Internal Revenue Code, including any contributions made to the Plan within eight and 1/2 months of the Valuation Date, is not less than 90% of the Plan’s Current Liability, as determined under Section 412(l)(7) of the Code using the maximum allowable interest rate under such subsection, and recognizing over three years any plan change, such as any plan amendment or required statutory change in benefits, (but not changes in actuarial assumption or normal plan experience). Affiliate as to any Person shall mean any other Person (i) which directly or indirectly controls, is controlled by, or is under common control with such Person, (ii) which beneficially owns or holds, directly or indirectly, 5% or more of any class of the voting or other equity interests of such Person, or (iii) 5% or more of any class of voting interests or other equity interests of which is beneficially owned or held, directly or indirectly, by such Person. Control, as used in this definition, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise, including the power to elect a majority of the directors or trustees or individuals holding similar positions of a corporation or trust or other Person, as the case may be. Agent shall mean PNC Bank, National Association, and its successors and assigns. Agreement shall mean this Amended and Restated Credit Agreement, as the same may be supplemented or amended from time to time, including all schedules and exhibits. Annual Statements shall have the meaning assigned to that term in Section 6.1.9(i). Anti-Terrorism Laws shall mean any Laws relating to terrorism or money laundering, including Executive Order No. 13224, the USA Patriot Act, the Laws comprising or implementing the Bank Secrecy Act, and the Laws administered by the United States Treasury Department’s Office of Foreign Asset Control (as any of the foregoing Laws may from time to time be amended, renewed, extended, or replaced).
Sample 1
Adequately Funded contained in Section 1.1 of the Credit Agreement is hereby amended and restated as follows:
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Examples of Adequately Funded in a sentence

  • Financial Status titles are: Not Started, Bond Requested, Partially Funded Current Payment Schedule, Partially Funded No Additional Payment, Fully Funded Adequately Funded, and Fully Funded Inadequately Funded.

  • Where food standards inspections are handled by a separate authority (such as a county council) the food standards Competent Authority must be notified as soon as possible after receipt of registration or discovery of an establishment in operation without registration.

  • What is Considered to be an Adequately Funded Pension Program?An adequately funded pension program is not simply or easily defined.

  • There Has Been Unreasonable Delay By Debtor(S) That Is Prejudicial To Creditors Pursuant To11 U.S.C. Section 1307(C)(1) By Failing To Propose An Adequately Funded Plan, In That The Total Filed Proofs Of Claim Which Are To Trustee: Kenneth E.

  • Note: Interested community members can access the news story on Freedom’s Web site.♦ The Increasing Burden on America’s Public Schools article (Jamie Vollmer) (Handout).♦ Personnel Matters (Executive Session) LEGISLATION: AYP Dr. Sofo, Superintendent, provided an update of the PSBA 60 Second Speak Up Poll Results — State Support for Adequately Funded Public Education.

  • Marketing Must Be Adequately Funded: Health plan assessments (user fees) are part of California’s path to adequately fund marketing to ensure a good risk mix and long-term sustainability.Since marketing is integral to having a good risk mix and lower premiums, if policy- makers do not ensure it is adequately resourced, underfunded marketing will result in smaller and less-healthy enrollment and higher premiums.

  • There Has Been Unreasonable Delay By Debtor(S) That Is Prejudicial To Creditors Pursuant To 11 U.S.C.Section 1307(C)(1) By Failing To Propose An Adequately Funded Plan,In That The Total Filed Proofs Of Claim Which Are To Be Paid Through The Plan Exceed The Value Of The Plan.

  • Ensure the Judicial System, a Coequal Branch of Government, is Fair, Impartial, Adequately Funded and Open to All.

  • Is the Bay Delta Conservation Plan Adequately Funded?Vincent VuFollow this and additional works at: https://repository.uchastings.edu/ hastings_environmental_law_journalPart of the Environmental Law Commons Recommended CitationVincent Vu, Is the Bay Delta Conservation Plan Adequately Funded?, 21 Hastings West Northwest J.

  • There Has Been Unreasonable Delay By Debtor(S) That Is Prejudicial To Creditors Pursuant To 11 U.S.C.Section 1307(C)(1) By Failing To Propose An Adequately Funded PTrustee: William C.


More Definitions of Adequately Funded

Adequately Funded means a Plan’s assets-to-liabilities relationship described herein. A Plan is Adequately Funded if, as of the last day of the plan year for such Plan which has most recently ended (the “Valuation Date”) and based on an actuarial valuation made as of the first day of such plan year by the Plan’s regular actuarial consultant, the value of the Plan’s assets as determined under Section 412(c)(2) of the Internal Revenue Code, including any contributions made to the Plan within eight and 1/2 months of the Valuation Date, is not less than 90% of the Plan’s Current Liability, as determined under Section 412(l)(7) of the Internal Revenue Code using the maximum allowable interest rate under such subsection, and recognizing over three years any plan change, such as any plan amendment or required statutory change in benefits (but not changes in actuarial assumption or normal plan experience). Affiliate as to any Person shall mean any other Person (i) which directly or indirectly controls, is controlled by, or is under common control with such Person, (ii) which beneficially owns or holds, directly or indirectly, 5% or more of any class of the voting or other equity interests of such Person, or (iii) 5% or more of any class of voting interests or other equity interests of which is beneficially owned or held, directly or indirectly, by such Person. Control, as used in this definition, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise, including the power to elect a majority of the directors or trustees or individuals holding similar positions of a corporation or trust or other Person, as the case may be.
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Related to Adequately Funded

  • Fully funded means, with respect to any exposure attributed to a protected cell, that the fair value of the protected cell assets, on the date on which the insurance securitization is effected, equals or exceeds the maximum possible exposure attributable to the protected cell with respect to such exposures.

  • Funding means the amounts of money provided by the LHIN to the HSP in each Funding Year of this Agreement;

  • Safe haven means a readily recognizable and readily accessible site at which security is present or from which, in the event of an emergency, the transport crew can notify and wait for the local law enforcement authorities.

  • CDO shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Debt Fund Affiliate means any Affiliate of the Sponsor (other than Holdings or any of its Subsidiaries) that is a bona fide debt fund or an investment vehicle that is engaged in the making, purchasing, holding or otherwise investing in, acquiring or trading commercial loans, bonds or similar extensions of credit in the ordinary course and whose managers have fiduciary duties to the investors in such fund independent of, or in addition to, their duties to the Sponsor.

  • Finance Company means any Finance Company or other lender with whom You have agreed a Loan or credit agreement through the Supplying Outlet.

  • Non-Debt Fund Affiliate means any Affiliate of Holdings, but excluding (a) Holdings and its Subsidiaries, (b) any Debt Fund Affiliate and (c) any natural person.

  • CF Shadow Series means a series of Capital Stock that is identical in all respects to the shares of Capital Stock (whether Preferred Stock or another class issued by the Company) issued in the relevant Equity Financing (e.g., if the Company sells Series A Preferred Stock in an Equity Financing, the Shadow Series would be Series A-CF Preferred Stock), except that:

  • Loan Program means the State Treasurer’s Interest-Free Loan Program for Colorado School Districts authorized pursuant to the Loan Program Statutes.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Fund Affiliate means (i) each Affiliate of the Fund that is neither a “portfolio company” (which means a company actively engaged in providing goods or services to unaffiliated customers), whether or not controlled, nor a company controlled by a “portfolio company” and (ii) any individual who is a partner or employee of Apollo Management, L.P. or Apollo Management VIII, L.P.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.