Statutory Exemption definition

Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.
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Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code. Table of Contents
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Statutory Exemption means the statutory prohibited transaction exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.
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Examples of Statutory Exemption in a sentence

  • Each transferee of a Class A Note, Class B Note, Class C Note or Class D Note that is a Book Entry Note that is a Benefit Plan Entity shall be deemed to represent that its acquisition and holding of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption (or, if it is subject to any Similar Law, such acquisition and holding will not violate such Similar Law).

  • The representations, warranties and covenants made by Subscriber herein shall survive the closing under this Subscription Agreement.

  • Each transferee that is a Benefit Plan Entity of a Class A Note, Class B Note, Class C Note or Class D Note that is a Book Entry Note shall be deemed to represent that its acquisition, holding and disposition of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption (or, if it is subject to any Similar Law, such acquisition and holding will not violate such Similar Law).

  • Each transferee that is a Benefit Plan Entity of a Class A Note, Class B Note, Class C Note or Class D Note that is a Book Entry Note shall be deemed to represent that its acquisition, holding and disposition of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption (or, if it is subject to any Similar Law, such acquisition, holding and disposition will not violate such Similar Law).

  • Each transferee of a Book Entry Note that is a Benefit Plan Entity shall be deemed to represent that its acquisition and holding of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption (or, if it is subject to any Similar Law, such acquisition and holding will not violate such Similar Law).

  • Each transferee of a Book Entry Note that is a Benefit Plan Entity shall be deemed to represent that its acquisition and holding of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption.

  • Each transferee that is a Benefit Plan Entity of a Class A Note, Class B Note or Class C Note that is a Book Entry Note shall be deemed to represent that its acquisition, holding and disposition of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption (or, if it is subject to any Similar Law, such acquisition, holding and disposition will not violate such Similar Law).

  • Pursuant to Section 4905.401, Revised Code, Applicant was permitted to have outstanding notes and other evidences of short-term indebtedness issuable without prior authority of this Commission (the "Statutory Exemption") in the amount of $115 million.

  • Statutory Exemption from Certain U.S. Tender Offer Requirements The U.S. Offer qualifies as a “Tier II” cross border offer in accordance with Rule 14d-1(d) under the Exchange Act and is, as a result, exempt from certain provisions of otherwise applicable U.S. statutes and rules relating to tender offers.

  • Each transferee of a Class A-1 Note, Class A-2 Note or Class A-3 Note that is a Book Entry Note that is a Benefit Plan Entity shall be deemed to represent that its acquisition and holding of the Book Entry Note is covered by a Prohibited Transaction Class Exemption or the Statutory Exemption (or, if it is subject to any Similar Law, such acquisition and holding will not violate such Similar Law).


More Definitions of Statutory Exemption

Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code. [“Swap Agreement” means the ISDA Master Agreement, dated , 20 , between the Issuer and the Swap Provider, including the Schedule thereto, the Credit Support Annex thereto, the Confirmation relating to the Class A-3 Notes, together with any replacement swap agreement [(which replacement swap agreement has been approved by the Insurer, so long as no Insurer Default has occurred and is continuing)]; provided, that no additional swap agreement shall be a “Swap Agreement” under the Basic Documents for so long as the Swap Agreement is outstanding without the prior, written consent of the Swap Provider unless the Swap Agreement has terminated.] [“Swap Provider” means [Swap Provider], with respect to the Class A-3 Notes, together with any replacement Swap Provider [(which must be approved by the Insurer so long as no Insurer Default has occurred and is continuing)].] [“Swap Provider Issuer Secured Obligations” means all amounts and obligations which the Issuer may at any time owe to or on behalf of the Swap Provider under this Indenture, the Sale and Servicing Agreement, the Swap Agreement or any other Basic Document.]
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Related to Statutory Exemption

  • New Exemption means the exemption from real property taxation provided hereunder with respect to the Exemption Area.

  • QPAM Exemption is defined in Section 6.2(d).

  • Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.

  • Prohibited Transaction Class Exemption means U.S. Department of Labor prohibited transaction class exemption 84-14, 90-1, 91-38, 95-60 or 96-23, or any similar prohibited transaction class exemption issued by the U.S. Department of Labor.

  • Prior Exemption means any exemption from real property taxation for the Exemption Area pursuant to the Private Housing Finance Law or the General Municipal Law that was in effect prior to the Effective Date.

  • certificate of exemption means any document evidencing that the entity is exempt from

  • Similar Law As defined in Section 5.02(b).

  • Similar Laws has the meaning set forth in Section 3.3(d).

  • Prohibited Transaction has the meaning set forth in ERISA Section 406 and Code Section 4975.

  • Foreign market vehicle means any motor vehicle originally manufactured outside the United States,

  • Exemption means the exemption from real property taxation provided hereunder.

  • UK Securitization Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law as “retained EU law” by operation of the EUWA, and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended.

  • Australian Consumer Law means the law as set out in Schedule 2 of the Competition and Consumer Act 2010 (Cth).

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;