Common use of Use of ERISA Assets Clause in Contracts

Use of ERISA Assets. At no time shall Lessee use or attempt to use any assets which would be deemed to be "plan assets" under the "plan asset regulations" promulgated pursuant to ERISA to satisfy any or all obligations under the Operative Documents.

Appears in 3 contracts

Samples: Participation Agreement (Universal Compression Holdings Inc), Participation Agreement (Universal Compression Inc), Participation Agreement (BRL Universal Equipment Corp)

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Use of ERISA Assets. At no time shall Guarantor or Lessee use or attempt to use any assets which would be deemed to be "plan assets" under the "plan asset regulations" promulgated pursuant to ERISA to satisfy any or all obligations under the Operative Documents.

Appears in 2 contracts

Samples: Participation Agreement (Universal Compression Holdings Inc), Participation Agreement (Universal Compression Inc)

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Use of ERISA Assets. At no time shall Lessee use or attempt --------------------- to use any assets which would be deemed to be "plan assets" under the "plan asset regulations" promulgated pursuant to ERISA to satisfy any or all obligations under the Operative Documents.

Appears in 1 contract

Samples: Participation Agreement (BRL Universal Equipment Corp)

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