Common use of Adequate Reserves for Welfare Plans Clause in Contracts

Adequate Reserves for Welfare Plans. For welfare plans (as defined in Section 3(2) of ERISA) listed (or required to be listed) in Schedule 4.23.b, reserves have been established by Seller or its insurance companies at least sufficient to pay all claims incurred under the provisions of such plans on or prior to the Closing Date. Seller has not received notice of, nor does it know any basis for, any retrospective premium charge for claims relating to any period prior to the Closing Date under such contracts.

Adequate Reserves for Welfare Plans. For welfare plans (as defined in Section 3(2) of ERISA) listed (or required to be listed) in Schedule 4.23.b4.22.b, reserves have been established by Seller or its insurance companies at least sufficient to pay all claims incurred under the provisions of such plans on or prior to the Closing Effective Date. Seller has not received notice of, nor does it know any basis for, any retrospective premium charge for claims relating to any period prior to the Closing Effective Date under such contracts.

Adequate Reserves for Welfare Plans. For welfare plans Plans (as defined in Section 3(2) of ERISA) listed disclosed (or required to be listeddisclosed) in Schedule 4.23.b4(t)(viii), reserves have been established by Seller or its insurance companies at least sufficient to pay all claims incurred under the provisions of such plans Plans on or prior to the Closing Date. Seller has not received notice of, nor does it know any basis for, any retrospective premium charge for claims relating to any period prior to the Closing Date under such contractsPlans.