Common use of ERISA Plan Assets Clause in Contracts

ERISA Plan Assets. The Borrower shall not and shall not permit any of its Subsidiaries to have any of their assets become subject to Title I of ERISA because they constitute "plan assets" within the meaning of the DOL Regulation Section 2510.3-101 and by reason of an investment in the Borrower or any Subsidiary.

Appears in 6 contracts

Samples: Credit Agreement (Felcor Hotel Asset Co LLC), Revolving Credit Agreement (Felcor Suite Hotels Inc), Loan Agreement (Felcor Lodging Trust Inc)

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ERISA Plan Assets. The Borrower shall not and shall not permit have any of its Subsidiaries to have any of their assets become subject to Title I of ERISA because they constitute "plan assets" within the meaning of the DOL Regulation Section 2510.3-101 and by reason of an investment in the Borrower or any SubsidiaryBorrower.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)

ERISA Plan Assets. The Borrower shall not will not, and shall will not permit any of its Subsidiaries to Restricted Subsidiary to, have any of their its assets become subject to Title I of ERISA because they constitute "plan assets" within the meaning of the DOL Regulation Section 2510.3-101 and by reason of an investment in the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Stewart & Stevenson Services Inc)

ERISA Plan Assets. The US Borrower shall not and shall not permit any of its Subsidiaries to have any of their assets become subject to Title I of ERISA because they constitute "plan assets" within the meaning of the DOL Regulation Section 2510.3-101 and by reason of an investment in the US Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Felcor Lodging Trust Inc)

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ERISA Plan Assets. The Borrower shall not will not, and shall will not permit any of its Subsidiaries to Restricted Subsidiary to, have any of their its assets become subject to Title I of ERISA because they constitute "plan assets" within the meaning of the DOL Regulation Section 2510.3-101 and by reason of an investment in the Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Stewart & Stevenson Services Inc)

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