Loan Proceeds. Upon the approval of an Eligible Borrowers application for a Participant Loan, the Participant Loan proceeds shall be derived from the proceeds of the sale or redemption of Investment Funds in the Eligible Borrowers Before-Tax, After-Tax and Rollover Accounts, and, effective as of January 1, 2013, Roth Account, in the manner specified in the Loan Procedures. The proceeds of such sales or redemptions shall be transferred # from the Eligible Borrowers other Accounts to his Loan Account, and # from his Loan Account to the Eligible Borrower.
Loan Proceeds. UponRepayments. All Participant Loan repayments shall be made to the approval of an Eligible Borrowers application for a Participant Loan, the Participant Loan proceedsAccount. Such repayments shall immediately be derivedtransferred from the proceeds of the sale or redemption of Investment Funds inLoan Account to the Eligible Borrowers Before-Tax, After-Tax and Rollover Accounts, and, effective as of January 1, 2013, Roth Account, and invested in the manner specified in the Loan Procedures. The proceeds of such sales or redemptions shall be transferred # from the Eligible Borrowers other Accounts to his Loan Account, and # from his Loan Account to the Eligible Borrower.
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