ERISA Considerations definition

ERISA Considerations and "Federal Income Tax Consequences" and the statements in the Prospectus Supplement under the headings "Summary of Terms -- Tax Status" and " -- ERISA Considerations" and "ERISA Considerations," to the extent they constitute matters of law or legal conclusions with respect thereto, have been reviewed by us and are correct in all material respects.

ERISA Considerations and "Legal Investment" and in the Memorandum under the headings "Certain Federal Income Tax Consequences", "Certain ERISA Considerations" and "Legal Investment", to the extent that they purport to describe certain matters of federal law or legal conclusions with respect thereto, while not discussing all possible consequences of an investment in the Offered Certificates to all investors, provide an accurate summary of such matters and conclusions set forth under such headings.

ERISA Considerations and "Risk Factors--The Status of the Mortgage Loans in the Event of Bankruptcy of The Representative or an Originator" and in the Prospectus Supplement under "Summary of Terms-- REMIC Election and Tax Status," "Summary of Terms--ERISA Considerations," "Federal Income Tax Consequences," and "ERISA Considerations," to the extent that they constitute matters of federal, New York or California law, summaries of legal matters, documents or proceedings or legal conclusions, has been reviewed by them and is correct in all material respects.

Examples of ERISA Considerations in a sentence

• The statements in the Basic Prospectus under the headings "Material Federal Income Tax Consequences," "ERISA Considerations," and "Legal Investment" and in the Prospectus Supplement under the headings "Material Federal Income Tax Consequences," "ERISA Considerations," and "Legal Investment Considerations," to the extent that they are matters of New York or federal law or legal conclusions with respect thereto, have been reviewed by us and are correct in all material respects.

• See the section of this Offering Circular captioned "ERISA Considerations" for additional information regarding the Plan Assets Regulation.Compliance with changing regulation of corporate governance and public disclosure may result in additional expenses.

• The statements contained in the Base Prospectus, the Preliminary Prospectus Supplement and the Final Prospectus Supplement, and in the Preliminary Offering Memorandum and the Final Offering Memorandum, under the heading "ERISA Considerations", insofar as such statements constitute a summary of law and legal conclusions, and subject to the qualifications therein, have been prepared or reviewed by us and are correct in all material respects.

• However, administrators of employee benefit plans should review the matters discussed under "ERISA Considerations" in the prospectus and also should consult with their legal advisors before purchasing notes.

• ERISA Considerations Subject to the important considerations described in the prospectus supplement and the prospectus, the notes generally are eligible for purchase by employee benefit plans.

More Definitions of ERISA Considerations

ERISA Considerations. Federal Income Tax Consequences" and "State Tax Considerations" and the statements in the Prospectus Supplement under the captions "The Trust," "Description of the Offered Certificates," "ERISA Considerations" and "Federal Income Tax Consequences," insofar as such statements constitute a summary of the documents referred to therein, fairly summarize such documents and present the information called for by the Act and the rules and regulations promulgated under the Act.

ERISA Considerations. The Certificates may be purchased by employee benefit plans that are subject to ERISA.

ERISA Considerations. Subject to the discussion in the Prospectus Supplement and Prospectus, the Notes may be purchased by employee benefit plans that are subject to ERISA.

ERISA Considerations and "Description of the Federal Family Education Loan Program," to the extent that they constitute statements of matters of law or legal conclusions with respect thereto, have been reviewed by such counsel and accurately describe the matters discussed therein.

ERISA Considerations. Legal Investment" and "Material Legal Aspects of the Automobile Loans" to the extent they constitute matters of law or legal conclusions, are correct in all material respects.

ERISA Considerations. All of the Notes may be eligible for purchase by persons investing assets of employee benefit plans or individual retirement accounts.

ERISA Considerations and "Legal Investment" and in the Prospectus Supplement under the headings "Certain Federal Income Tax Consequences," "Certain ERISA Considerations" and "Legal Investment," insofar as such statements purport to summarize matters of federal law or legal conclusions with respect thereto, have been reviewed by us and are correct in all material respects. The statements made under the captions "Description of the Certificates" and "Description of the Agreements" in the Base Prospectus and "The Pooling and Servicing Agreement" and "Description of the Offered Certificates" in the Prospectus Supplement, insofar as such statements constitute a summary of the terms of the Offered Certificates and the Pooling and Servicing Agreement, are correct in all material respects.