Common use of Foreign Employee Benefit Compliance Clause in Contracts

Foreign Employee Benefit Compliance. The Borrower shall, and shall cause each of its Subsidiaries and each member of its Controlled Group to establish, maintain and operate all Foreign Employee Benefit Plans to comply in all material respects with all laws, regulations and rules applicable thereto and the respective requirements of the governing documents for such Plans, except where noncompliance will not have or is not reasonably likely to subject the Borrower or any of its Subsidiaries to liability, individually or in the aggregate, in excess of $15,000,000.

Foreign Employee Benefit Compliance. The Borrower shall, and shall cause each of its Subsidiaries and each member of its Controlled Group to ERISA Affiliates to, establish, maintain and operate all Foreign Employee Benefit Plans to comply in all material respects with all laws, regulations and rules applicable thereto and the respective requirements of the governing documents for such Plans, except where noncompliance will not have or is not reasonably likely for failures to subject the Borrower or any of its Subsidiaries to liabilitycomply which, individually or in the aggregate, would not result in liability in excess of $15,000,0001,000,000.

Foreign Employee Benefit Compliance. The Parent and each Borrower shall, and shall cause each of its Subsidiaries and each member of its Controlled Group to to, establish, maintain and operate all Foreign Employee Benefit Plans to comply in all material respects with all laws, regulations and rules applicable thereto and the respective requirements of the governing documents for such Plans, except where noncompliance will for failures to comply which, in the aggregate, would not have or is not be reasonably likely to subject the Borrower Parent or any of its respective Subsidiaries to liability, individually or in the aggregate, in excess of $15,000,0005,000,000.

Foreign Employee Benefit Compliance. The Borrower shall, and shall cause each of its Subsidiaries and each member of its Controlled Group to establish, maintain and operate all Foreign Employee Benefit Plans to comply in all material respects with all laws, regulations and rules applicable thereto and the respective requirements of the governing documents for such Plans, except where noncompliance will not have or is not reasonably likely to subject the Borrower or any of its Subsidiaries to liability, individually or in the aggregate, in excess of $15,000,0005,000,000.