Common use of Pension Schemes Clause in Contracts

Pension Schemes. Each member of the Group is in compliance with all applicable laws and contracts relating to pension schemes (if any) for the time being operated by it or in which it participates and each such pension scheme is adequately funded based on reasonable actuarial assumptions and recommendations as required by law in each case where failure to do so is reasonably likely to have a Material Adverse Effect.

Pension Schemes. Each member of the Group is in compliance with all applicable laws and contracts relating to the pension schemes (if any) for the time being operated by it or in which it participates and each such pension scheme is adequately provided for (either by way of being funded or by way of provision in the balance sheet) based on reasonable actuarial assumptions applicable to the jurisdiction in which the relevant pension scheme is maintained and recommendations as required by law administered and funded in each case where failure to do so is reasonably likely to have a Material Adverse Effectaccordance with applicable law.