Common use of Absence of Liability Clause in Contracts

Absence of Liability. No material liability under Title IV of ERISA has arisen with respect to the Company, a Company Subsidiary or any ERISA Affiliate that has not been satisfied in full and which would cause the Company or any Company Subsidiary to incur any material liability, and, to the knowledge of the Seller or the Company, no condition exists that presents a material risk to the Company or any Company Subsidiary of incurring any such liability, other than liability for premiums due the Pension Benefit Guaranty Corporation ("PBGC") (which premiums have been paid when due).

Absence of Liability. No material liability under Title IV of ERISA has arisen or is reasonably expected to arise with respect to the Company, a Company Subsidiary or any ERISA Affiliate that has not been satisfied in full and which would cause the reasonably be expected to have a Company or any Company Subsidiary to incur any material liabilityMaterial Adverse Effect, and, to the knowledge Knowledge of the Seller or the CompanySeller, no condition exists that presents a material risk to the Company or any Company Subsidiary of incurring any such liability, other than benefits payable in the ordinary course and liability for premiums due the Pension Benefit Guaranty Corporation ("PBGC") (which premiums have been paid when due).

Absence of Liability. No material liability under Title IV of ERISA has arisen with respect to been incurred by any of the Company, a Company Subsidiary Companies or Subsidiaries or any ERISA Affiliate with respect to a Plan that has not been satisfied in full and which would cause the Company or any Company Subsidiary to incur any material liabilitywhen due, and, to the knowledge of the Seller or the CompanySeller, no condition exists that presents a material risk to any of the Company Companies or the Subsidiaries or any Company Subsidiary ERISA Affiliate of incurring any such unsatisfied liability, other than liability for premiums due the Pension Benefit Guaranty Corporation ("“PBGC"”) (which premiums have been paid when due).