Common use of Assets as Plan Assets Clause in Contracts

Assets as Plan Assets. The Company shall not permit any of the assets of the Company to constitute, for any purpose of ERISA or Section 4975 of the Code, assets of the ESOP or any other "plan" as defined in Section 3(3) of ERISA or Section 4975 of the Code.

Appears in 3 contracts

Samples: Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp)

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Assets as Plan Assets. The Company shall not permit any of the assets of the Company or any other Loan Party to constitute, for any purpose of ERISA or Section 4975 of the Code, assets of the ESOP or any other "β€œplan" ” as defined in Section 3(3) of ERISA or Section 4975 of the Code.

Appears in 2 contracts

Samples: Credit Agreement (Pioneer Financial Services Inc), Credit Agreement (Pioneer Financial Services Inc)

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