Relationship of Benefits to Pension Plan Assets. The aggregate present value of all benefit liabilities within the meaning of §4001 of ERISA under each Guaranteed Pension Plan did not, as of the last annual valuation date for such Plan, exceed the fair market value of the assets of such Plan allocable to such benefits by more than $500,000, all as determined in accordance with Statement of Financial Accounting Standards No. 87.
Relationship of Benefits to Pension Plan Assets. The current value of the benefit liabilities (as defined in Section 4001 (a)(16) of ERISA) of each Employee Benefit Plan does not exceed the fair market value of the assets of such Employee Benefit Plan. Neither the Borrower nor any ERISA Affiliate is required to provide security to an Employee Benefit Plan under Code Section 401(a)(29). No lien under Code Section 412(n) or Sections 312(f) or 4068 of ERISA has been or is reasonably expected by the Borrower to be imposed on the assets of the Borrower or any ERISA Affiliate.
Relationship of Benefits to Pension Plan Assets. The current value of ----------------------------------------------- the benefit liabilities (as defined in section 4001(a) (16) of ERISA) of each ERISA Plan does not exceed the fair market value of the assets of such ERISA Plan. Neither the Company nor any Code Affiliate is required to provide security to an ERISA Plan or an employee pension benefit plan maintained by a Code Affiliate under section 401(a)(29) of the Code. No lien under section 412(n) of the Code or sections 312(f) or 4068 of ERISA has been or is reasonably expected by the Company to be imposed on the assets of the Company or any ERISA Affiliate.
Relationship of Benefits to Pension Plan Assets. The current value of the "benefit liabilities" (as defined in section 4001(a)(16) of ERISA) of each Plan subject to Title IV of ERISA and section 412 of the Code does not exceed the fair market value of the assets of such Plan, except, in the case of Plans established after the date hereof, as permitted by the applicable funding requirements of Section 412 of the Code. Neither the Company nor any ERISA Affiliate is required to provide security to any Plan. No Lien under section 412(n) of the Code or sections 312(f) or 4068 of ERISA has been or is reasonably expected by the Company to be imposed on the assets of the Company or any ERISA Affiliate.
Relationship of Benefits to Pension Plan Assets. The current value of all accrued benefits, both vested and unvested, under all Statutory Plans does not exceed the current value of the assets of such Statutory Plans allocable to such accrued benefits, except as disclosed in the financial statements described in Section 2.1.5 hereof For purposes of the representation in this Section 2.1.17.4, the term "current value" has the meaning specified in Section 4062(b)(1.A) of ERISA, the term "accrued benefit" has the meaning specified in Section 3 of ERISA and "current value" is based upon the same actuarial assumptions used by Newgen for funding.
Relationship of Benefits to Pension Plan Assets. As of January 1, 1996, the current value of the benefit liabilities of each Single Employer Plan does not exceed the fair market value of the assets of such Plan based on valuing the liabilities using a 7.25% discount rate. Neither the Company nor a Code Affiliate is required to provide security to a Plan or an employee pension benefit plan (as defined in ERISA) maintained by a Code Affiliate under Section 401(a)(29) of the Code.
Relationship of Benefits to Pension Plan Assets. The current value of all accrued benefits, both vested and unvested, under all Statutory Plans does not exceed the current value of the assets of such Statutory Plans allocable to such accrued benefits. For purposes of the representation in this Section 2.1.21.4, the term "current value" has the meaning specified in Section 4062(b)(1)(A) of ERISA, the term "accrued benefit" has the meaning specified in Section 3 of ERISA and "current value" is based upon the same actuarial assumptions used by HCLS.
Relationship of Benefits to Pension Plan Assets. The current value of the "benefit liabilities" (as defined in section 4001(a)(16) of ERISA) of each Plan subject to Title IV of ERISA and section 412 of the Code does not exceed the fair market value of the assets of such Plan. Neither the Company nor any ERISA Affiliate is required to provide security to any Plan. No Lien under section 412(n) of the Code or sections 312(f) or 4068 of ERISA has been or is reasonably expected by the Company to be imposed on the assets of the Company or any ERISA Affiliate. The Company and the ERISA Affiliates may cease contributions to or terminate any Plan or Welfare Plan without incurring any material liability.
Relationship of Benefits to Pension Plan Assets. The current value of all accrued benefits, both vested and unvested, under all Statutory Plans does not exceed the current value of the assets of such Statutory Plans allocable to such accrued benefits, except as disclosed in the financial statements described in Paragraph
Relationship of Benefits to Pension Plan Assets. The present value of all benefits (whether or not vested) under each of the Plans that are described in Section 3(2) of ERISA does not exceed the current fair market value of the assets of each such Plan allocable to such accrued benefits. For purposes of the representations in this Section 3.18(d), the assumptions prescribed by the Pension Benefit Guaranty Corporation for valuing plan assets or liabilities upon plan termination shall be applied and the term "benefits" shall include the value of all benefits, rights and features protected under Section 411(d)(6) of the Code or its successors and any ancillary benefits (including disability, shutdown, early retirement and welfare benefits) provided under any such Plan and all "benefit liabilities" as defined in Section 4001(a)(16)
