Examples of Foreign Benefit Arrangement in a sentence
To the knowledge of the Borrower, there has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Pension Plan (or similar occurrence with respect to any Foreign Plan or Foreign Benefit Arrangement) that has resulted or could reasonably be expected to result in a Material Adverse Effect.
Except as set forth in Schedule 5.13, none of CSSW Parent, the Borrower or any of the Borrower’s Subsidiaries has, or at any point in the past has had, any employees, or maintained, sponsored, administered or participated in any Plan or any Foreign Plan or Foreign Benefit Arrangement.
Borrower will not sponsor, maintain, administer or contribute to (or have any obligation to contribute to) any Plan, and Borrower will not sponsor, maintain, administer, contribute to or have any liability to any Foreign Benefit Arrangement or Foreign Plan that, individually or in the aggregate with any other Foreign Benefit Arrangement or Foreign Plan, could reasonably be expected to result in a Material Adverse Effect.
Notwithstanding the forgoing, nothing in this Section 7.28 shall apply in respect of any Plan, any Foreign Plan, any Foreign Benefit Arrangement or any Compensatory Award or shall prohibit Holdings, the Borrower or any Restricted Subsidiary from entering into agreements or arrangements permitted by Section 7.20.