Common use of No ERISA Liability Clause in Contracts

No ERISA Liability. Neither Susanville, nor any other entity which together with Susanville would be treated as a single employer under Section 4001 of ERISA or Section 414 of the Code (each, an “ERISA Affiliate”), contributes to or has in the past six (6) years sponsored, maintained, contributed to or had any Liabilities in respect of (a) any “defined benefit pension plan” (as defined in Section 3(35) of ERISA) or “pension plan” (as defined in Section 3(2) of ERISA) subject to Section 412 of the Code or Section 302 of ERISA, including, but not limited to, a “multiemployer plan,” within the meaning of Section 3(37) of ERISA, or (b) any “welfare plan” (as defined in Section 3(1) of ERISA) which provided benefits to former employees of Susanville or any of its affiliates (or any dependent of any such former employee) other than benefits required to be provided by Section 4980B of the Code or Sections 601 through 608 of ERISA. Neither Susanville nor any ERISA Affiliate has any Liabilities pursuant to Title IV of ERISA.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Laidlaw Energy Group, Inc.), Purchase and Sale Agreement (Laidlaw Energy Group, Inc.)

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No ERISA Liability. Neither Susanville, nor any other entity which together with Susanville would be treated as a single employer under Section 4001 of ERISA or Section 414 of the Code (each, an "ERISA Affiliate"), contributes to or has in the past six (6) years sponsored, maintained, contributed to or had any Liabilities in respect of (a) any "defined benefit pension plan" (as defined in Section 3(35) of ERISA) or "pension plan" (as defined in Section 3(2) of ERISA) subject to Section 412 of the Code or Section 302 of ERISA, including, but not limited to, a "multiemployer plan," within the meaning of Section 3(37) of ERISA, or (b) any "welfare plan" (as defined in Section 3(1) of ERISA) which provided benefits to former employees of Susanville or any of its affiliates (or any dependent of any such former employee) other than benefits required to be provided by Section 4980B of the Code or Sections 601 through 608 of ERISA. Neither Susanville nor any ERISA Affiliate has any Liabilities pursuant to Title IV of ERISA.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Laidlaw Energy Group, Inc.), Purchase and Sale Agreement (Laidlaw Energy Group, Inc.)

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