Chattanooga Plan Sample Clauses

Chattanooga Plan. The following representations and warranties apply with respect to the Chattanooga Plan: 8.31.1 Seaboard has not incurred, nor has any event occurred which reasonably can be anticipated to result in Seaboard incurring any loss in connection with the Chattanooga Plan with respect to any time period prior to the Closing that could become, on or after the Closing Date, an obligation or liability of ConAgra or any of its affiliates. 8.31.2 The Chattanooga Plan has been determined by the Internal Revenue Service to be qualified under Section 401(a) of the Internal Revenue Code of 1986 ("Code") and each trust related thereto has been determined to be exempt from tax pursuant to Section 501(a) of the Code. No event has occurred that will or could subject the Chattanooga Plan to tax under Section 511 of the Code. No event has occurred since the date of such determinations, including effective changes in laws or modifications to the Chattanooga Plan, that would adversely affect such qualification or tax exempt status, other than the failure to make any required amendments, the time for adoption of which has not yet expired. Seaboard has delivered to ConAgra a true and complete copy of the most recent Internal Revenue Service determination letter with respect to the Chattanooga Plan. 8.31.3 No " reportable event" as described in Section 4043 or 4063(a) of the Employee Retirement Income Security Act of 1974 as amended ("ERISA"), as to which the thirty (30) day notice requirement has not been waived, has occurred. 8.31.4 The Chattanooga Plan has at all times in all material respects been in compliance with and administered in accordance with the terms of the Chattanooga Plan, applicable provisions of ERISA, the Code, and all other applicable laws and agreements. 8.31.5 All contributions required of Seaboard have been completely and timely made in compliance with all applicable laws or agreements, all contributions have been and are deductible for income tax purposes, and no such contributions or deductions have been challenged or disallowed by any government agency. 8.31.6 All reporting and disclosure requirements of ERISA and of the Code have been fully and completely satisfied in all material respects, and all material communications to employees or former employees made by or on behalf of Seaboard or any plan fiduciary or plan administrator have been consistent with the documents and actual operation of the Chattanooga Plan and no such communications have resulted ...
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