NO PBGC LIABILITY Sample Clauses

NO PBGC LIABILITY. As of the date of this Agreement, Westower is not aware and has received no notice that it has incurred any liability to the Pension Benefit Guaranty Corporation ("PBGC") with respect to any of the Plans or with respect to any other employee benefit plan maintained or contributed to by Westower that has been terminated or otherwise discontinued prior to the date of this Agreement. To Westower's Knowledge, the PBGC has not instituted proceedings to terminate any of the Plans. Westower has not received any notice of and has no knowledge of a "reportable event" (within the meaning of Section 4043(b) of ERISA). No Plan to which Title IV of ERISA applies has been terminated whose "date of termination" (within the meaning of Section 4048 of ERISA) occurred after September 1, 1974. To Westower's Knowledge, no event has occurred and there exists no condition or set of circumstances as of the date of this Agreement, which presents a material risk as of such date of the termination of any of the Plans which could result in any liability on the part of Westower to the PBGC.