Employee Benefit Plans; Employees. None of the Borrower or any Borrower Subsidiary shall have (i) any Employee Benefit Plan, any Multiemployer Plan or any Pension Plan, or any obligation to fund any such plan, or (ii) any employees other than as required by any provisions of local law, provided that trustees and directors shall not be deemed to be employees for purposes of this covenant.
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Samples: Credit Agreement (AerCap Holdings N.V.), Credit Agreement (AerCap Holdings N.V.), Credit Agreement (AerCap Holdings N.V.)
Employee Benefit Plans; Employees. None of Neither the Borrower or nor any Borrower Subsidiary shall have (i) any Employee Benefit Plan, any Multiemployer Plan or any Pension Plan, or any obligation to fund any such plan, or (ii) any more than two employees other than as required by any provisions of local lawlaw (or in order to obtain more favorable tax treatment), provided that trustees and directors shall not be deemed to be employees for purposes of this covenant.
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Samples: Credit Agreement (Genesis Lease LTD)
Employee Benefit Plans; Employees. None of Neither the Borrower or nor any Borrower Subsidiary shall have (i) any Employee Benefit Plan, any Multiemployer Plan or any Pension Plan, or any obligation to fund any such plan, or (ii) any more than two employees other 80 than as required by any provisions of local lawlaw (or in order to obtain more favorable tax treatment), provided that trustees and directors shall not be deemed to be employees for purposes of this covenant.
Appears in 1 contract
Samples: Credit Agreement
Employee Benefit Plans; Employees. None of the Borrower or any Borrower Subsidiary shall have (i) any Employee Benefit Plan, any Multiemployer Plan or any Pension Plan, or any obligation to fund any such plan, or (ii) any employees other than as required by any provisions of local law; provided that, provided that trustees and directors shall not be deemed to be employees for purposes of this covenant.
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Employee Benefit Plans; Employees. None of the Borrower or any Borrower Subsidiary shall have (i) any Employee Benefit Plan, any Multiemployer Plan or any Pension Plan, or any obligation to fund any such plan, or (ii) any employees other than as required by any provisions of local law, provided that trustees and directors shall not be deemed to be employees for purposes of this covenant.. Seventh Amended and Restated Credit Agreement 123
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