Prohibited Transactions definition

Prohibited Transactions means a personal securities transaction prohibited by this Code.

Prohibited Transactions has the meaning set forth in ERISA §406 and Code §4975.

Prohibited Transactions is defined in ERISA Section 406 and Code Section 4975.

Examples of Prohibited Transactions in a sentence

• See, e.g., sections 5 (Company Administrator and Users), 8 (Information Processing and Reporting), 10 (Guides and Security Procedures), 12 (Amending/Canceling a Transaction), 14 (Unauthorized Transactions), 16 (Electronic Mail/Internet), 22 (Standard of Care), 26 (Prohibited Transactions), 27 (Errors and Questions), 28 (Notice), and 31 (Liability; Indemnification; Warranties).

• Prohibited Transactions We strictly prohibit the use of any account to conduct transactions (including, without limitation, the acceptance or receipt of credit or other receipt of funds through an electronic funds transfer, or by check, draft, or similar instrument, or the proceeds of any foregoing) related, directly or indirectly, to federally controlled substances.

• Prohibited Transactions: I understand that my account is subject to the provisions of Internal Revenue Code (IRC) Section 4975, which defines certain prohibited transactions.

• Prohibited Transactions – If you or your beneficiary engages in any prohibited transaction as described in the Code Section 4975(c) (such as any sale, exchange, borrowing, or leasing of any property between you and your Xxxx XXX; or any other interference with the independent status of the account), the account will lose its exemption from tax and be treated as having been distributed to you in the tax year in which you or your beneficiary engaged in the prohibited transaction.

• Prohibited Transactions We strictly prohibit the use of any account to conduct transactions (including, without limitation, the acceptance or receipt of credit or other receipt of funds through an electronic funds transfer, or by check, draft, or similar instrument, or the proceeds of any foregoing) related, directly or indirectly, to cryptocurrency or federally controlled substances.

More Definitions of Prohibited Transactions

Prohibited Transactions has the meaning set forth in Section 5.11.

Prohibited Transactions. Has the meaning set forth in Article 7.1 hereof.

Prohibited Transactions. Assuming the accuracy of the representations set forth in Section 7(b)(ii) (and Section 6(ii) of each Assignment and Assumption Agreement, if any), the purchase and holding of the Loan Certificates will not result in a “prohibited transaction,” within the meaning of Section 406 of ERISA or Section 4975 of the Code which could subject the Borrower to any tax or penalty pursuant to Section 4975 of the Code or Section 502(i) of ERISA.

Prohibited Transactions means, any sale of goods or services that are: (i) sold in violation of any applicable federal, state or local law or regulation pertaining to a general liquidation of the assets of Retailer, GOB Sale or similar sale; or (ii) sold in a sale involving a Liquidator which is not an Authorized Liquidation Sale.

Prohibited Transactions means transactions in equity securities, IPOs (including Secondary Offerings), and any other personal securities transactions prohibited by this Code or that would otherwise violate the provisions of this Code.

Prohibited Transactions shall have the meaning set forth in Section 3.14 hereof.

Prohibited Transactions. Has the meaning in Section 7.3 of this Agreement.