Common use of Absence of Certain Liabilities and Events Clause in Contracts

Absence of Certain Liabilities and Events. Except for matters disclosed in Section 2.14(e) of the Company Disclosure Schedule, there has been no non-exempt prohibited transaction (within the meaning of Section 406 of ERISA or Section 4975 of the Code) with respect to any Plan. The Company and each of the Company Subsidiaries has not incurred any liability for any excise tax arising under Section 4972 or 4980B of the Code that would individually or in the aggregate have a Material Adverse Effect on the Company and the Company Subsidiaries taken as a whole.

Appears in 2 contracts

Samples: Employment Agreement (FCB Financial Corp), Agreement and Plan of Merger (Ledger Capital Corp)

AutoNDA by SimpleDocs

Absence of Certain Liabilities and Events. Except for matters disclosed in Section 2.14(e) of the Company Disclosure Schedule, there has been no non-exempt prohibited transaction (within the meaning of Section 406 of ERISA or Section 4975 of the Code) with respect to any Company Plan. The Company and each of the Company Subsidiaries has not incurred any liability for any excise tax arising under Section 4972 or 4980B of the Code that would individually or in the aggregate have a Material be an Adverse Effect on Change in the Company and the Company Subsidiaries taken as a whole.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Federal Capital Corp), Agreement and Plan of Merger (First Federal Capital Corp)

Absence of Certain Liabilities and Events. Except for matters disclosed in Section 2.14(e) of the Company Disclosure Schedule, there has been no non-exempt prohibited transaction (within the meaning of Section 406 of ERISA or Section 4975 of the Code) with respect to any Company Plan. The Company and each of Neither the Company Subsidiaries nor the Bank has not incurred any liability for any excise tax arising under Section 4972 or 4980B of the Code that would individually or in the aggregate have a Material be an Adverse Effect on Change in the Company and the Company Subsidiaries Bank taken as a whole.

Appears in 1 contract

Samples: Agreement and Plan of Merger (First Federal Capital Corp)

AutoNDA by SimpleDocs

Absence of Certain Liabilities and Events. Except for matters disclosed in Section Schedule 2.14(e) of the Company Disclosure Schedule, there has been no non-exempt prohibited transaction (within the meaning of Section 406 of ERISA or Section 4975 of the Code) with respect to any Company Plan. The Company and each of the Company Subsidiaries has not incurred any liability for any excise tax arising under Section 4972 or 4980B of the Code that would individually or in the aggregate have a Material be an Adverse Effect on Change in the Company and the Company Subsidiaries taken as a wholeCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Anchor Bancorp Wisconsin Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!