Common use of Benefit Plan Compliance Clause in Contracts

Benefit Plan Compliance. (a) The Company is in compliance in all Material respects with all presently applicable provisions of the ERISA; no "reportable event" (as defined in ERISA) has occurred with respect to any "pension plan" (as defined in ERISA) for which the Company would have any liability; the Company has not incurred and does not expect to incur liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any "pension plan" or (ii) Sections 412 or 4971 of the Code , including the regulations and published interpretations thereunder; and each "pension plan" for which the Company would have any liability that is intended to be qualified under Section 401(a) of the Code is so qualified in all Material respects and nothing has occurred, whether by action or by failure to act, which would cause the loss of such qualification. (b) Neither the Company nor any ERISA Affiliate of the Company maintains any Foreign Pension Plan.

Appears in 2 contracts

Samples: Senior Secured Notes Agreement (Canargo Energy Corp), Note Purchase Agreement (Canargo Energy Corp)

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Benefit Plan Compliance. (a) The Company is in compliance in all Material respects with all presently applicable provisions of the ERISA; no "reportable event" (as defined in ERISA) has occurred with respect to any "pension plan" (as defined in ERISA) for which the Company would have any liability; the Company has not incurred and does not expect to incur liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any "pension plan" or (ii) Sections 412 or 4971 of the Code Code, including the regulations and published interpretations thereunder; and each "pension plan" for which the Company would have any liability that is intended to be qualified under Section 401(a) of the Code is so qualified in all Material respects and nothing has occurred, whether by action or by failure to act, which would cause the loss of such qualification. (b) Neither the Company nor any ERISA Affiliate of the Company maintains any Foreign Pension Plan.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Canargo Energy Corp)

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Benefit Plan Compliance. (a) The Company is in compliance in all Material respects with all presently applicable provisions of the ERISA; no "reportable event" (as defined in ERISA) has occurred with respect to any "pension plan" (as defined in ERISA) for which the Company would have any liability; the Company has not incurred and does not expect to incur liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any "pension plan" or (ii) Sections 412 or 4971 of the Code , including the regulations and published interpretations thereunder; and each "pension plan" for which the Company would have any liability that is intended to be qualified under Section 401(a) of the Code is so qualified in all Material respects and nothing has occurred, whether by action or by failure to act, which would cause the loss of such qualification. (b) Neither the Company nor any ERISA Affiliate of the Company maintains any Foreign Pension Plan.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Canargo Energy Corp)

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