Common use of Continued Compliance with ERISA Clause in Contracts

Continued Compliance with ERISA. Borrower covenants that, with respect to all Plans (as defined in Section 5.7 Compliance with ERISA) which Borrower or any ERISA Affiliate currently maintains or to which Borrower or any ERISA Affiliate is a sponsoring or participating employer, fiduciary, party in interest or disqualified person or which Borrower or any ERISA Affiliate may hereafter adopt, Borrower and each ERISA Affiliate shall continue to comply with all applicable provisions of the Internal Revenue Code and ERISA and with all representations made in Section 5.7 Compliance with ERISA, including, without limitation, conformance with all notice and reporting requirements, funding standards, prohibited transaction rules, multi-employer plan rules, necessary reserve requirements, and health care continuation, coverage and portability requirements.

Appears in 5 contracts

Samples: Loan Agreement (inContact, Inc.), Loan Agreement (inContact, Inc.), Loan Agreement (Zars Inc/Ut)

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Continued Compliance with ERISA. Borrower covenants that, with With respect to all Plans (as defined in Section 5.7 Compliance with ERISA5.7, of this Loan Agreement) which Borrower or any ERISA Affiliate currently maintains maintains, participates in, or contributes to, or to which Borrower or any ERISA Affiliate is a sponsoring or participating employer, fiduciary, party in interest or disqualified person or which Borrower or any ERISA Affiliate may hereafter adopt, participate in, or contribute to, Borrower shall continue to comply and shall require each ERISA Affiliate shall to continue to comply with all applicable provisions of the Internal Revenue Code and ERISA and all regulations, and with all representations made in Section 5.7 5.7, Compliance with With ERISA, includingfor purposes of this Loan Agreement, includes, without limitation, conformance conformance, in all material respects with all notice and reporting requirements, funding standards, prohibited transaction rules, multi-employer plan rules, necessary reserve requirements, and health care continuation, coverage and portability requirements.

Appears in 1 contract

Samples: Loan Agreement (Lifevantage Corp)

Continued Compliance with ERISA. Borrower covenants that, with respect to all Plans (as defined in Section 5.7 Compliance with 5.8 COMPLIANCE WITH ERISA) which Borrower or any ERISA Affiliate currently maintains or to which Borrower or any ERISA Affiliate is a sponsoring or participating employer, fiduciary, party in interest or disqualified person or which Borrower or any ERISA Affiliate may hereafter adopt, Borrower and each ERISA Affiliate shall continue to comply with all applicable provisions of the Internal Revenue Code and ERISA and with all representations made in Section 5.7 Compliance with SECTION 5.8 COMPLIANCE WITH ERISA, including, without limitation, conformance with all notice and reporting requirements, funding standards, prohibited transaction rules, multi-employer plan rules, necessary reserve requirements, and health care continuation, coverage and portability requirements.

Appears in 1 contract

Samples: Security Agreement (1 800 Contacts Inc)

Continued Compliance with ERISA. Borrower covenants that, with With respect to all Plans (as defined in Section 5.7 Compliance with With ERISA) which Borrower or any ERISA Affiliate currently maintains or to which Borrower or any ERISA Affiliate is a sponsoring or participating employer, fiduciary, party in interest or disqualified person or which Borrower or any ERISA Affiliate may hereafter adopt, Borrower and each ERISA Affiliate shall continue to comply in all material respects and shall require each ERISA Affiliate to continue to comply in all material respects with all applicable provisions of the Internal Revenue Code and ERISA and with all representations made in Section 5.7 Compliance with With ERISA, including, without limitation, conformance with all notice and reporting requirements, funding standards, prohibited transaction rules, multi-employer multiemployer plan rules, necessary reserve requirements, and health care continuation, coverage and portability requirements.

Appears in 1 contract

Samples: Loan Agreement (Mity Enterprises Inc)

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Continued Compliance with ERISA. Borrower covenants that, with respect to all Plans (as defined in Section 5.7 6.7 Compliance with ERISA) which Borrower or any ERISA Affiliate currently maintains or to which Borrower or any ERISA Affiliate is a sponsoring or participating employer, fiduciary, party in interest or disqualified person or which Borrower or any ERISA Affiliate may hereafter adopt, Borrower and each ERISA Affiliate shall continue to comply with all applicable provisions of the Internal Revenue Code and ERISA and with all representations made in Section 5.7 6.7 Compliance with ERISA, including, without limitation, conformance with all notice and reporting requirements, funding standards, prohibited transaction rules, multi-employer plan rules, necessary reserve requirements, and health care continuation, coverage and portability requirements.

Appears in 1 contract

Samples: Loan Agreement (inContact, Inc.)

Continued Compliance with ERISA. Borrower covenants that, with respect to all Plans (as defined in Section 5.7 5.8 Compliance with ERISA) which Borrower or any ERISA Affiliate currently maintains or to which Borrower or any ERISA Affiliate is a sponsoring or participating employer, fiduciary, party in interest or disqualified person or which Borrower or any ERISA Affiliate may hereafter adopt, Borrower and each ERISA Affiliate shall continue to comply with all applicable provisions of the Internal Revenue Code and ERISA and with all representations made in Section 5.7 5.8 Compliance with ERISA, including, without limitation, conformance with all notice and reporting requirements, funding standards, prohibited transaction rules, multi-employer plan rules, necessary reserve requirements, and health care continuation, coverage and portability requirements.

Appears in 1 contract

Samples: Loan Agreement (1 800 Contacts Inc)

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