ERISA Agreements Clause Samples
The ERISA Agreements clause outlines the parties' obligations and representations regarding compliance with the Employee Retirement Income Security Act (ERISA). Typically, this clause requires the parties to confirm that any employee benefit plans involved in the transaction are in compliance with ERISA regulations and that no prohibited transactions or breaches of fiduciary duty have occurred. By including this clause, the agreement ensures that both parties are protected from potential legal liabilities related to employee benefit plans and that the transaction does not inadvertently violate federal law.
ERISA Agreements. Each purchaser and any subsequent transferee of the New PEPS Units (or any component security of such units), will be deemed to have represented and warranted on each day from and including the date of its purchase of the New PEPS Units (or any component security of such units) through and including the date of the satisfaction of the obligation under the new purchase contract and/or the disposition of any such New PEPS Unit (or any component security of such unit) either (i) that no portion of the assets used by such purchaser or subsequent transferee to acquire the New PEPS Units (or any component security of such units) constitute the assets of any Plan or (ii) that the acquisition, holding and the disposition of any New PEPS Unit (and any component security of such unit) by such purchaser or subsequent transferee does not and will not constitute a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any applicable Similar Laws.
ERISA Agreements. 27 THIS SUPPLEMENTAL INDENTURE NUMBER 5 (the "SUPPLEMENTAL INDENTURE") is made as of , 2003, by and between PPL CAPITAL FUNDING, INC. (formerly known as PP&L Capital Funding, Inc.) a corporation duly organized and existing under the laws of the state of Delaware, having its principal office at Two North Ninth Street Allentown, Pennsylvania, 18101 (herein called ▇▇▇ "▇▇▇▇▇▇▇▇▇▇▇"), ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ (▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇s PP&L Resources, Inc.), a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania (herein called the "GUARANTOR"), and JPMORGAN CHASE BANK (formerly known as The Chase Manhattan Bank), a New York banking corporation, as Trustee (herein called the "TRUSTEE").