Common use of Plan Assets; Prohibited Transactions Clause in Contracts

Plan Assets; Prohibited Transactions. No Loan Party is an entity deemed to hold “plan assets” (within the meaning of the Plan Asset Regulations), and neither the execution, delivery or performance of the transactions contemplated under this Agreement, including the making of Credit Extensions hereunder, will give rise to a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code.

Appears in 3 contracts

Samples: Credit Agreement (Star Group, L.P.), Credit Agreement (Star Group, L.P.), Credit Agreement (Star Group, L.P.)

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Plan Assets; Prohibited Transactions. No Loan Party or any of its Subsidiaries is an entity deemed to hold “plan assets” (within the meaning of the Plan Asset Regulations), and neither the execution, delivery or delivery, nor performance of the transactions contemplated under this Agreement, including the making of any Loan and the issuance of any Letter of Credit Extensions hereunder, will give rise to a non-exempt prohibited transaction within the meaning of under Section 406 of ERISA or Section 4975 of the Code.

Appears in 2 contracts

Samples: Credit Agreement (Allbirds, Inc.), Credit Agreement (Allbirds, Inc.)

Plan Assets; Prohibited Transactions. No Loan Party is an entity deemed to hold “plan assets” within the meaning of 29 C.F.R. § 2510.3-101, as modified by Section 3(42) of ERISA, of an employee benefit plan (as defined in Section 3(3) of ERISA) which is subject to Title I of ERISA or any plan (within the meaning of Section 4975 of the Plan Asset RegulationsCode), and neither the execution, delivery or performance execution of the transactions contemplated under this Agreement, including Agreement nor the making of Credit Extensions hereunder, will give hereunder gives rise to a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code.Prohibited Transaction. 10.16

Appears in 2 contracts

Samples: Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc)

Plan Assets; Prohibited Transactions. No Loan Party or any of its Subsidiaries is an entity deemed to hold “plan assets” (within the meaning of the Plan Asset Regulations), and neither the execution, delivery or nor performance of the transactions contemplated under this Agreement, including the making of any Loan and the issuance of any Letter of Credit Extensions hereunder, will give rise to a non-exempt prohibited transaction within the meaning of under Section 406 of ERISA or Section 4975 of the Code. ARTICLE IV Conditions SECTION 4.01.

Appears in 2 contracts

Samples: Credit Agreement (Winnebago Industries Inc), Credit Agreement (Winnebago Industries Inc)

Plan Assets; Prohibited Transactions. No Loan Party or any of its Subsidiaries is an entity deemed to hold “plan assets” (within the meaning of the Plan Asset Regulations), and neither the execution, delivery or nor performance of the transactions contemplated under this Agreement, including the making of Credit Extensions any Loan hereunder, will give rise to a non-exempt prohibited transaction within the meaning of under Section 406 of ERISA or Section 4975 of the Code.

Appears in 2 contracts

Samples: Credit Agreement (Sigmatron International Inc), Credit Agreement (SMG Industries Inc.)

Plan Assets; Prohibited Transactions. No Loan Party or any of its Subsidiaries is an entity deemed to hold “plan assets” (within the meaning of the Plan Asset Regulations), and neither the execution, delivery or performance of the transactions contemplated under this Agreement, including the making of any Loan and the issuance of any Letter of Credit Extensions hereunder, will give rise to a non-exempt prohibited transaction within the meaning of under Section 406 of ERISA or Section 4975 of the Code.. ARTICLE IV Conditions SECTION 4.01

Appears in 1 contract

Samples: Version Credit Agreement (Nautilus, Inc.)

Plan Assets; Prohibited Transactions. No Loan Party or any of its Subsidiaries is an entity deemed to hold “plan assets” (within the meaning of the Plan Asset Regulations), and neither the execution, delivery or performance of the transactions contemplated under this Agreement, including the making of Credit Extensions hereunder, will give rise to a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code.the

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

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Plan Assets; Prohibited Transactions. No Loan Party or any of its Subsidiaries is an entity deemed to hold “plan assets” (within the meaning of the Plan Asset Regulations), and neither the execution, delivery or nor performance of the transactions contemplated under this Agreement, including the making of any Loan and the issuance of any Letter of Credit Extensions hereunder, will give rise to a non-exempt prohibited transaction within the meaning of under Section 406 of ERISA or Section 4975 of the Code.. ARTICLE IV

Appears in 1 contract

Samples: Credit Agreement (Winnebago Industries Inc)

Plan Assets; Prohibited Transactions. No Loan Party is an entity deemed to hold “plan assets” within the meaning of 29 C.F.R. § 2510.3-101 of an employee benefit plan (as defined in Section 3(3) of ERISA) which is subject to Title I of ERISA or any plan (within the meaning of Section 4975 of the Plan Asset RegulationsCode), and neither the execution, delivery or performance execution of the transactions contemplated under this Agreement, including Agreement nor the making of Credit Extensions hereunder, will give hereunder gives rise to a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code.

Appears in 1 contract

Samples: Credit Agreement (Action Performance Companies Inc)

Plan Assets; Prohibited Transactions. No Loan Party or any of its Subsidiaries is an entity deemed to hold "plan assets" (within the meaning of the Plan Asset Regulations), and neither the execution, delivery or nor performance of the transactions contemplated under this Agreement, including the making of any Loan and the issuance of any Letter of Credit Extensions hereunder, will give rise to a non-exempt prohibited transaction within the meaning of under Section 406 of ERISA or Section 4975 of the Code.. ARTICLE IV

Appears in 1 contract

Samples: Credit Agreement (HF Foods Group Inc.)

Plan Assets; Prohibited Transactions. No Loan Party is an entity deemed to hold “plan assets” (within the meaning of the Plan Asset Regulations), and neither the execution, delivery or nor performance of the transactions contemplated under this Agreement, including the making of any Loan and the issuance of any Letter of Credit Extensions hereunder, will give rise to a non-exempt prohibited transaction within the meaning of under Section 406 of ERISA or Section 4975 of the Code.

Appears in 1 contract

Samples: Credit Agreement (Brunswick Corp)

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