Common use of Relationship of Vested Benefits to Pension Plan Assets Clause in Contracts

Relationship of Vested Benefits to Pension Plan Assets. The present value of all benefits, determined as of the most recent valuation date for such benefits as provided in Section 8.11(c) hereof, vested under each Pension Plan does not exceed the value of the assets of such Pension Plan allocable to such vested benefits, determined as of such date as provided in Section 8.11(c) hereof.

Appears in 2 contracts

Samples: Note Purchase Agreement (Birmingham Steel Corp), Note Purchase Agreement (Birmingham Steel Corp)

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Relationship of Vested Benefits to Pension Plan Assets. The Except as set forth on Part 2.12(c) of Annex 3, the present value of all benefits, determined as of the most recent valuation date for such benefits (as provided in Section 8.11(c) hereof6.21(c)), vested under each Pension Plan does not exceed the value of the assets of such Pension Plan allocable to such vested benefits, determined as of such the most recent valuation date (as provided in Section 8.11(c) hereof6.21(c)).

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

Relationship of Vested Benefits to Pension Plan Assets. The Except as set forth on Part 2.12(c) of Annex 2, the present value of all benefits, determined as of the most recent valuation date for such benefits (as provided in Section 8.11(c) hereof6.21(c)), vested under each Pension Plan does not exceed the value of the assets of such Pension Plan allocable to such vested benefits, determined as of such the most recent valuation date (as provided in Section 8.11(c) hereof6.21(c)).

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

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Relationship of Vested Benefits to Pension Plan Assets. The present value of all benefits, determined as of the most recent valuation date for such benefits as provided in Section 8.11(c7.13(c) hereof, vested under each Pension Plan does not exceed the value of the assets of such Pension Plan allocable to such vested benefits, determined as of such date as provided in Section 8.11(c7.13(c) hereof.

Appears in 1 contract

Samples: Note Purchase Agreement (Selective Insurance Group Inc)

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