Assets of the Plan definition

Assets of the Plan means all Subscriber Contributions made by or on behalf of the Subscriber under the Plan and all Grants, together with the income and gains derived from the investment thereof, less any losses sustained on the realization of any investment, the fees and out of pocket expenses of the Trustee and the Promoter paid out of the Plan pursuant to Section 17 and any payments from the Plan (including any repayment of Grants), as provided for herein, and includes all investments and all uninvested cash held from time to time by or on behalf of the Trustee in accordance with the Plan.

Assets of the Plan means all amounts contributed to the Plan (including transfers to the Plan from another RESP), all Government Grants received by the Plan and all earnings and gains derived from investments, net of any losses and fees, charges and disbursements payable pursuant to section 13 and any other payments from the Plan, and includes all investments and uninvested cash held from time to time by the Trustee in accordance with the Plan.

Assets of the Plan means all property of any nature whatsoever which makes up the Plan, including assets transferred, contributions made to the Plan from time to time, CES Amount as well as any income, capital gains or other gains of any type whatsoever, generated or realized thereby (deduction made of all Promoter, Trustee and agent’s fees, out-of-pocket expenses and costs incurred in connection with the administration of the Plan, including any tax, interest or penalty payable, which may be directly charged against and deducted from the Assets of the Plan) held in trust by the Promoter in compliance with this agreement and the RESP Legislation.

Examples of Assets of the Plan in a sentence

• The Trustee shall hold, invest and reinvest the Assets of the Plan in accordance with the written or oral instructions of the Subscriber to the Promoter, in such investments as the Trustee shall make available from time to time.

• In the event that the Plan is terminated, the Assets of the Plan are required to be used for any of, or any combination of, the purposes described in Section 4.

• The Trustee may reimburse itself and the Promoter for, or may pay, any such taxes, interest, penalties or charges out of the Assets of the Plan as it in its absolute discretion deems appropriate.

• In the event that trust governed by the Plan is terminated, the Assets of the Plan shall be used for any of the purposes described in Section 4.

• In addition, neither the Trustee nor the Promoter shall be liable in respect of any loss or diminution of Assets of the Plan or any other loss or damages suffered or incurred by the Plan, the Subscriber or by the Beneficiary under the Plan occasioned by an act, omission or default of the Trustee or the Promoter, unless caused by or resulting from its own dishonesty, bad faith, willful misconduct or gross negligence.

• Title to the Assets of the Plan shall at all times be vested solely in the Trustee to be held in accordance with the terms hereof.

More Definitions of Assets of the Plan

Assets of the Plan means all payments-in or transfers to the Plan by or on behalf of you and all Grants received from the government together with the income and gains derived from investment, less any losses sustained on the realization of any investment, the fees, commissions and out-of-pocket expenses paid out of the Plan pursuant to section 19 and any other payments from the Plan, and includes all investments and all un-invested cash held from time to time by the Trustee or on its behalf in accordance with the Canada Education Savings Act.

Assets of the Plan means all property of any nature whatsoever which makes up the Plan, including assets transferred, contributions made to the Plan, CES amounts as well as any income and gains generated or realized thereby (less all promoter’s and trustee’s fees, out-of-pocket expenses and costs incurred in connection with the administration of the Plan, including any tax, interest or penalty payable), held in trust by the trustee in accordance with this agreement and the RESP legislation.

Assets of the Plan means all Subscriber contributions made by or on behalf of the Subscriber under the Plan and all Grants, together with the income and gains derived from the investment thereof, less any losses sustained on the realization of any investment, the fees and out of pocket expenses of the Trustee and the Promoter paid out of the Plan pursuant to Section 17 and any payments from the Plan (including any repayment of Grants), as provided for herein, and includes all investments and all uninvested cash held from time to time by or on behalf of the Trustee in accordance with the Plan.

Assets of the Plan means all amounts contributed to the Plan (including transfers to the Plan from another RESP),all Government Grants received by the Plan and all earnings and gains derived from investments of such amounts, net of any losses and Expenses payable pursuant to section 17 (Expenses and Taxes) and any other payments fromthe Plan;