Common use of Foreign Employee Benefit Matters Clause in Contracts

Foreign Employee Benefit Matters. Each Foreign Employee Benefit Plan is in compliance in all material respects with all Requirements of Law applicable thereto and the respective requirements of the governing documents for such Plan. The aggregate of the liabilities to provide all of the accrued benefits under any Foreign Pension Plan does not exceed the current fair market value of the assets held in the trust or other funding vehicle for such Plan. With respect to any Foreign Employee Benefit Plan maintained by Holdings, the Company, any of the Company's Subsidiaries or any ERISA Affiliate (other than a Foreign Pension Plan), reasonable reserves have been established in accordance with prudent business practice or where required by ordinary accounting practices in the jurisdiction in which such Plan is maintained. The aggregate unfunded liabilities, after giving effect to any reserves for such liabilities, with respect to such Plans are not material. There are no actions, suits or claims (other than routine claims for benefits) pending or threatened against Holdings, the Company, any of the Company's Subsidiaries or any ERISA Affiliate with respect to any Foreign Employee Benefit Plan.

Foreign Employee Benefit Matters. Each Foreign Employee Benefit Plan is in compliance in all material respects with all Requirements of Law laws, regulations and rules applicable thereto and the respective requirements of the governing documents for such Plan. The aggregate of the liabilities with respect to provide all of the accrued benefits under any Foreign Pension Plan does not exceed the current fair market value of the assets held in the trust or other funding vehicle for such Plan. With respect to any Foreign Employee Benefit Plan maintained or contributed to by Holdings, the CompanyU.S. Borrower, any of the Company's its Subsidiaries or any ERISA Affiliate (other than a Foreign Pension Plan), reasonable reserves have been established in accordance with prudent business practice or where required by ordinary accounting practices in the jurisdiction in which such Plan is maintained. The aggregate unfunded liabilities, after giving effect to any reserves for such liabilities, with respect to such Plans are will not materialresult in an obligation to pay a material amount of money. There are no actions, suits or claims (other than routine claims for benefits) pending or or, to the best knowledge of the U.S. Borrower, threatened against Holdings, the CompanyU.S. Borrower, any of the Company's its Subsidiaries or any ERISA Affiliate with respect to any Foreign Employee Benefit Plan.