Common use of Prohibited Transactions and Payments Clause in Contracts

Prohibited Transactions and Payments. Neither the Borrower nor any Guarantor has: (1) engaged in a nonexempt prohibited transaction described in Section 406 of ERISA or Section 4975 of the Internal Revenue Code; (2) incurred any liability to the PBGC which remains outstanding other than the payment of premiums and there are no prepayments which are due and unpaid; (3) failed to make a required contribution or payment to a Multiemployer Plan; or (4) failed to make a required installment or other required payment under Section 412 of the Internal Revenue Code.

Appears in 3 contracts

Samples: Credit Agreement (Regency Centers Corp), Credit Agreement (Regency Realty Corp), Credit Agreement (Regency Realty Corp)

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Prohibited Transactions and Payments. Neither None of the Borrower nor Borrower, any Guarantor or RRG has: (1) engaged in a nonexempt prohibited transaction described in Section 406 of ERISA or Section 4975 of the Internal Revenue Code; (2) incurred any liability to the PBGC which remains outstanding other than the payment of premiums and there are no prepayments which are due and unpaid; (3) failed to make a required contribution or payment to a Multiemployer Plan; or (4) failed to make a required installment or other required payment under Section 412 of the Internal Revenue Code.

Appears in 1 contract

Samples: Credit Agreement (Regency Centers Corp)

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Prohibited Transactions and Payments. Neither the Borrower nor None of any Borrower, any Guarantor or any Development Affiliate Guarantor has: (1) engaged in a nonexempt prohibited transaction described in Section 406 of ERISA or Section 4975 of the Internal Revenue Code; (2) incurred any liability to the PBGC which remains outstanding other than the payment of premiums and there are no prepayments which are due and unpaid; (3) failed to make a required contribution or payment to a Multiemployer Plan; or (4) failed to make a required installment or other required payment under Section 412 of the Internal Revenue Code.

Appears in 1 contract

Samples: Credit Agreement (Regency Realty Corp)

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