Common use of No Credit Party Clause in Contracts

No Credit Party. Benefit Plan is a “multiemployer plan” (as defined in Section 3(37) or 4001(a)(3) of ERISA) (a “Multiemployer Plan”) or is subject to Title IV of ERISA or Section 412 of the Code, and no Credit Party nor any ERISA Affiliate has sponsored or contributed to or been required to contribute to a Multiemployer Plan or other pension plan subject to Title IV of ERISA or Section 412 of the Code (a “Pension Plan”).

Appears in 4 contracts

Samples: Securities Purchase Agreement (St Cloud Capital Partners Lp), Securities Purchase Agreement (Prolong International Corp), Securities Purchase Agreement (Prolong International Corp)

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