Common use of Determination Letters Clause in Contracts

Determination Letters. (i) Each Company Plan currently in effect which is intended to be qualified under Section 401(a) of the Code has received a favorable determination letter from the Internal Revenue Service with respect to the Code, or an application has been filed for such determination letter on a timely basis and is currently pending, and (ii) nothing has occurred that could reasonably be expected to adversely affect the qualified status of such Company Plan.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Textron Inc), Asset Purchase Agreement (Associates First Capital Corp), Asset Purchase Agreement (Associates First Capital Corp)