U.S. Employee Benefits. (a) (1) Each US Credit Party and each ERISA Affiliate have complied in all material respects with all applicable laws regarding each Plan; (A) each Plan is, and has been, maintained and administered in substantial compliance with its terms, applicable collective bargaining agreements, and all applicable laws; and (B) no act, omission or transaction has occurred which could result in an imposition on any US Credit Party or any ERISA Affiliate (whether directly or indirectly) of (C) either a civil penalty assessed pursuant to Subsections (c), (i) or (l) of Section 502 of ERISA or a tax imposed pursuant to Chapter 43 of Subtitle D of the Code or (D) breach of fiduciary duty liability damages under Section 409 of ERISA which could reasonably be expected to have a Material Adverse Effect.
Appears in 4 contracts
Samples: Credit Agreement (Maverick Tube Corporation), Credit Agreement (Maverick Tube Corporation), Credit Agreement (Maverick Tube Corporation)
