Relationship of Vested Benefits to Plan Assets. The Company will not as of the last day of any calendar year permit the aggregate funding ratio (as described in Section 5.13) under all Plans, determined in accordance with Title IV of ERISA, to be less than 80%. The Company and its ERISA Affiliates will not incur withdrawal liabilities (and will not become subject to contingent withdrawal liabilities) under section 4201 or 4204 of ERISA in respect of Multiemployer Plans that individually or in the aggregate are material.
Appears in 3 contracts
Samples: Note Purchase Agreement (InfraREIT, Inc.), Note Purchase Agreement (InfraREIT, Inc.), Note Purchase Agreement (InfraREIT, Inc.)
Relationship of Vested Benefits to Plan Assets. The Company will not as of the last day of any calendar year permit the aggregate funding ratio (as described in Section 5.135.11) under all Plans, determined in accordance with Title IV of ERISA, to be less than 80%. The Company and its ERISA Affiliates will not incur withdrawal liabilities (and will not become subject to contingent withdrawal liabilities) under section 4201 or 4204 of ERISA in respect of Multiemployer Plans that individually or in the aggregate are material.
Appears in 1 contract