PBGC Premiums and Termination Liability. No liability to the Pension Benefit Guaranty Corporation ("PBGC") has been incurred with respect to the Defined Benefit Plans. All premiums due and payable to the PBGC with respect to the Defined Benefit Plans have been paid in a timely manner. The PBGC has not instituted proceedings to terminate any of the Defined Benefit Plans. No event has occurred, and there exists no condition or set of circumstances, which could result in the involuntary termination of any of the Defined Benefit Plans by the PBGC pursuant to ERISA Section 4042. Moreover, even if a Defined Benefit Plan were terminated voluntarily pursuant to ERISA Section 4041, neither the Company, its predecessors in interest nor any affiliate would have any liability to the PBGC as a result of the termination.
PBGC Premiums and Termination Liability. No liability to ---------------------------------------- the Pension Benefit Guaranty Corporation ("PBGC") has been incurred with respect to the Defined Benefit Plans. All premiums due and payable to the PBGC with respect to the Defined Benefit Plans have been paid in a timely manner. The PBGC has not instituted proceedings to terminate any of the Defined Benefit Plans. No event has occurred, and there exists no condition or set of circumstances, which could result in the involuntary termination of any of the Defined Benefit Plans by the PBGC pursuant to ERISA Section 4042. Moreover, even if a Defined Benefit Plan were terminated voluntarily pursuant to ERISA Section 4041, neither the Company, its predecessors in interest nor any Company Affiliate would have any liability to the PBGC as a result of the termination.
PBGC Premiums and Termination Liability. No liability to --------------------------------------- the Pension Benefit Guaranty Corporation ("PBGC") has been incurred with respect ---- to the Defined
PBGC Premiums and Termination Liability. No liability to the Pension Benefit Guaranty Corporation ("PBGC") has been incurred with respect to the Defined Benefit Plans. All premiums due and payable to the PBGC with respect to the Defined Benefit Plans have been paid in a timely manner. The PBGC has not instituted proceedings to terminate any of the Defined Benefit Plans. No event has occurred, and there exists no condition or set of circumstances, which could result in the involuntary termination of any of the Defined Benefit Plans by the PBGC pursuant to ERISA Section 4042. Moreover, even if a Defined Benefit Plan were terminated voluntarily pursuant to ERISA Section 4041, neither the Company, its predecessors in interest nor any affiliate would have any liability to the PBGC as a result of the termination. Reportable Events. No notice of a reportable event within the meaning of ERISA Section 4043(b) has been filed with the PBGC by the plan administrator of any of the Defined Benefit Plans, nor has any such reportable event occurred for which a notice to the PBGC is required. Full Funding on a Termination Basis. The current present value of all projected benefit obligations under each of the Defined Benefit Plans did not, as of the latest valuation date, exceed the then current value of the assets allocable to such benefit liabilities, based on reasonable actuarial assumptions currently used for such Defined Benefit Plan. In addition, each of the Defined Benefit Plans is fully funded on a termination basis, such that the net fair market value of the assets equals or exceeds the present value of the accrued benefits under such Defined Benefit Plan, based upon the actuarial assumptions required by the PBGC for determining benefits on a termination basis. No Accumulated Funding Deficiency. No accumulated funding deficiency as defined in ERISA Section 302(a) (2), whether or not waived and regardless of the reason arising, exists with respect to any Defined Benefit Plan.
