Examples of Foreign Benefit Arrangement in a sentence
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.
Except as would not be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) no ERISA Event has occurred or is reasonably expected to occur and (ii) each Foreign Plan and Foreign Benefit Arrangement is in material compliance with all provisions of applicable law and regulations thereunder, including funding requirements, if any.
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.