Common use of Pension Benefit Plans Clause in Contracts

Pension Benefit Plans. All Pension Benefit Plans maintained by each Covered Person or an ERISA Affiliate of such Covered Person and intended to qualify under Section 401 of the Code have received (or have applied for and are awaiting) a favorable determination letter from the IRS with respect to their tax-qualified status under Section 401 of the Code and, along with all Welfare Benefit Plans, are in compliance with the provisions of ERISA, the Code and all other applicable Laws in all material respects. For any Pension Benefit Plan for which a determination letter is pending, no Covered Person knows of any facts or circumstances which might reasonably be expected to cause a favorable determination letter not to be issued. Except with respect to events or occurrences which do not have and are not reasonably likely to have a Material Adverse Effect:

Appears in 3 contracts

Samples: Credit Facilities Agreement (Young Innovations Inc), Credit Agreement (Young Innovations Inc), Credit Facilities Agreement (Young Innovations Inc)

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