Common use of Canadian Benefit and Pension Plans Clause in Contracts

Canadian Benefit and Pension Plans. The Canadian Pension Plans are duly registered under the provisions of the ITA and any other Requirements of Law and no event has occurred which is reasonably likely to cause the loss of such registered status. The Canadian Pension Plans and the Canadian Benefits Plans have been administered in accordance with the ITA and all other Requirements of Law. All material obligations of each of the Canadian Borrower or any Subsidiary thereof (including fiduciary and funding obligations) required to be performed in connection with the Canadian Pension Plans have been performed. No promises of benefit improvements under the Canadian Pension Plans or the Canadian Benefit Plans have been made except where such improvement could not have a Material Adverse Effect. There have been no improper withdrawals or applications of the assets of the Canadian Pension Plans or the Canadian Benefit Plans. As of the most current evaluation date, each of the Canadian Pension Plans and the Canadian Benefit Plans is fully funded and there exist no going concern unfunded actuarial liabilities or solvency deficiencies in respect of such plans.

Appears in 4 contracts

Samples: Credit Agreement (Safety Kleen Corp/), Guarantee and Collateral Agreement (Laidlaw Environmental Services Inc), Credit Agreement (Laidlaw Environmental Services Inc)

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Canadian Benefit and Pension Plans. The the Canadian Pension Plans are duly registered under the provisions of the ITA and any other Requirements of Applicable Law and no event has occurred which is reasonably likely to cause the loss of such registered status. The Canadian Pension Plans and the Canadian Benefits Plans have been administered in accordance accordance, in all material respects, with the ITA and all other Requirements of LawApplicable Laws. All its material obligations of each of the Canadian Borrower or any Subsidiary thereof (including fiduciary and funding obligations) required to be performed in connection with the Canadian Pension Plans and the funding media therefor have been performed. No promises of benefit improvements under the Canadian Pension Plans or the Canadian Benefit Plans have been made except where such improvement improvements could not reasonably be expected to have a Material Adverse Effect. There have been no improper withdrawals or applications of the assets Assets of the Canadian Pension Plans or the Canadian Benefit Plans. As of the most current evaluation date, each Each of the Canadian Pension Plans Plan and the Canadian Benefit Plans is fully funded to the extent required by Applicable Law and there exist no going concern unfunded actuarial liabilities or solvency deficiencies in respect of such plans.plans except to the extent that the failure to so comply could not reasonably be expected to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Credit Agreement (Alithya Group Inc), Credit Agreement (Alithya Group Inc)

Canadian Benefit and Pension Plans. The the Canadian Pension Plans are duly registered under the provisions of the ITA and any other Requirements of Law Applicable Laws and no event has occurred which is reasonably likely to cause the loss of such registered status. The Canadian Pension Plans and the Canadian Benefits Plans have been administered in accordance with the ITA and all other Requirements of LawApplicable Laws. All material obligations of each of the Canadian Borrower or any Subsidiary thereof Credit Party (including fiduciary and funding obligations) required to be performed in connection with the Canadian Pension Plans and the funding media therefor have been performed. No promises of benefit improvements under the Canadian Pension Plans or the Canadian Benefit Plans have been made except where such improvement could not have a Material Adverse Effect. There have been no improper withdrawals or applications of the assets of the Canadian Pension Plans or the Canadian Benefit Plans. As of the most current evaluation date, each Each of the Canadian Pension Plans and the Canadian Benefit Plans is fully funded and there exist no going concern unfunded actuarial liabilities or solvency deficiencies in respect of such plans.;

Appears in 2 contracts

Samples: Credit Agreement (Perkins Papers LTD), Credit Agreement (Phoenix International Life Sciences Inc)

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Canadian Benefit and Pension Plans. The the Canadian Pension Plans are duly registered under the provisions of the ITA and any other Requirements of Law Applicable Laws and no event has occurred which is reasonably likely to cause the loss of such registered status. The Canadian Pension Plans and the Canadian Benefits Plans have been administered in accordance in all material respects with the ITA and all other Requirements of LawApplicable Laws. All material obligations of QPI and each of the Canadian Borrower or any Subsidiary thereof Restricted Entity (including fiduciary and funding obligations) required to be performed in connection with the Canadian Pension Plans and the funding media therefor have been performed. No promises of benefit improvements under the Canadian Pension Plans or the Canadian Benefit Plans have been made except where such improvement could not have a Material Adverse Effect. There have been no improper withdrawals or applications of the assets of the Canadian Pension Plans or the Canadian Benefit Plans. As of the most current evaluation date, each Each of the Canadian Pension Plans and the Canadian Benefit Plans is fully funded to the extent required by Applicable Law and there exist no going concern unfunded actuarial liabilities or solvency deficiencies in respect of such plans.plans which could reasonably be expected to have a Material Adverse Effect;

Appears in 2 contracts

Samples: Credit Agreement (Quebecor Printing Inc), Credit Agreement (Quebecor Printing Inc)

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