Tax or Civil Liability Sample Clauses

Tax or Civil Liability. None of the Companies have participated in, or is aware of. any conduct that could result in the imposition upon it of any excise tax under sections 4971 through 4980B of the Code or civil liability under Section 502(i) of ERISA with respect to any Designated Plan.
AutoNDA by SimpleDocs
Tax or Civil Liability. Neither the Company nor any Shareholder Party has participated in any conduct, and neither the Company nor any Shareholder Party will participate in any conduct to the Closing Date or thereafter, that could result in the imposition upon the Company or the Buyer of either excise tax under Section 4975 (relating to prohibited transactions) of the Code, or civil liability under Section 502(i) of ERISA (also relating to prohibited transactions).
Tax or Civil Liability. With respect to the Employee Benefit Plans, neither the Target Company nor any of the Related Entities has engaged in any "prohibited transaction" (as such term is defined in ERISA or the Code), for which there is not an exemption, that could subject the Target Company or any Related Entity to an excise tax under Code section 4975 or civil liability under section 502(i) of ERISA, except for a tax or liability that would not have a Material Adverse Effect on the Target Company or any of the Related Entities. The Target Company and each of the Related Entities which maintain a "group health plan" within the meaning of Section 5000(b)(1) of the Code have substantially complied with the notice and continuation requirements of Section 4980B of the Code, COBRA, Part 6 of Subtitle B of Title I of ERISA and the regulations thereunder.
Tax or Civil Liability. Neither PCA nor a Controlled Company has participated in, or is aware of, any conduct that could result in the imposition upon PCA of any excise tax under Sections 4971 through 4980B of the Code or civil liability under Section 502(i) of ERISA with respect to any Designated Plan.
Tax or Civil Liability. Neither Sierra nor a Controlled Company has participated in, or is aware of, any conduct that could result in the imposition upon Sierra of any excise tax under Sections 4971 through 4980B of the Code or civil liability under Section 502(i) of ERISA with respect to any Designated Plan.
Tax or Civil Liability. (1) The Company has not incurred any liability for any excise, income or other taxes or penalties with respect to any Employee Benefit Plan, and no event has occurred and no circumstance exists or has existed that could give rise to any such liability.
Tax or Civil Liability. Neither Parent nor a Controlled Company has participated in, or is aware of, any conduct that could result in the imposition upon Parent of any excise tax under Sections 4971 through 4980B of the Code or civil liability under Section 502(i) of ERISA with respect to any Designated Plan.
AutoNDA by SimpleDocs
Tax or Civil Liability. Neither PEI nor a Controlled Company has participated in, or is aware of, any conduct that could result in the imposition upon PEI of any excise tax under Sections 4971 through 4980B of the Code or civil liability under Section 502(i) of ERISA with respect to any Designated Plan.
Tax or Civil Liability. The Company has not participated in any conduct, and will not participate in any conduct to the Closing Date or thereafter, that could result in the imposition upon the Company or the Buyer of either excise tax under section 4975 (relating to prohibited transactions) of the Code, or civil liability under section 502(i) of ERISA (also relating to prohibited transactions).
Tax or Civil Liability. General Physics has not participated in any conduct that could result in the imposition upon General Physics of any material excise tax under Section 4971 through 4980B of the Code or material civil liability under Section 502(i) of ERISA with respect to any GPC Plan.
Time is Money Join Law Insider Premium to draft better contracts faster.