Common use of Compliance with Terms and Law Clause in Contracts

Compliance with Terms and Law. Each Employee Benefit Plan is and has been maintained and operated in compliance in all material respects with the terms of such plan and with the requirements prescribed (whether as a matter of substantive law or as necessary to secure favorable tax treatment) by any and all statutes, governmental, or court orders, or governmental rules or regulations in effect from time to time, including but not limited to ERISA and the Code, and applicable to such plan. Each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Code is so qualified.

Appears in 10 contracts

Samples: Agreement and Plan of Reorganization (Media & Entertainment Com Inc), Acquisition and Share Exchange Agreement (Winsonic Digital Media Group LTD), Acquisition and Share Exchange Agreement (Winsonic Digital Media Group LTD)

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Compliance with Terms and Law. Each Employee Benefit Plan is and has been administered, maintained and operated in compliance in all material respects with the terms of such plan and with the requirements prescribed (whether as a matter of substantive law or as necessary to secure favorable tax treatment) by any and all statutes, governmental, or court orders, or governmental rules or regulations in effect from time to time, including but not limited to ERISA and the Code, and applicable to such plan. Each Employee Benefit Plan that is intended to qualify under Section 401(a) or 501(c)(9) of the Code is so qualified.

Appears in 1 contract

Samples: Purchase Agreement (I2 Technologies Inc)

Compliance with Terms and Law. Each Employee Benefit Plan is and has ----------------------------- been maintained and operated in compliance compliance, in all material respects respects, with the terms of such plan and with the applicable requirements prescribed (whether as a matter of substantive law Law or as necessary to secure favorable tax Tax treatment) by any and all statutes, governmental, or court orders, or governmental rules or regulations in effect from time to time, including but not limited to to, ERISA and the Code, and applicable to such plan. Each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Code is so qualified.. (v)

Appears in 1 contract

Samples: Stock Purchase Agreement (Orbit International Corp)

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Compliance with Terms and Law. Each Employee Benefit Plan is and has been maintained and operated in compliance in all material respects with the terms of such plan and with the requirements prescribed (whether as a matter of substantive law or as necessary to secure favorable tax treatment) by any and all statutes, governmental, or court orders, or governmental rules or regulations in effect from time to time, including but not limited to ERISA and the Code, and applicable to such plan. Each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Code is so qualified.

Appears in 1 contract

Samples: Securities Purchase and Loan Agreement (National Investment Managers Inc.)

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