UK Pension Matters Sample Clauses

UK Pension Matters. (a) Except where the failure to do so could not reasonably be expected to have a Material Adverse Effect, ensure that all pension schemes operated by or maintained for the benefit of the U.S. Borrower and the Subsidiaries and/or any of their respective employees are fully funded based on the minimum funding requirement under section 56 of the Pensions Xxx 0000 or the statutory funding objective under section 222 of the Pensions Xxx 0000 and that no action or omission is taken by any member of the Group in relation to such a pension scheme that has or is reasonably likely to have a Material Adverse Effect (including the termination or commencement of winding-up proceedings of any such pension scheme or the U.S. Borrower or any Subsidiary ceasing to employ any member of such a pension scheme).
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UK Pension Matters. (a) Except where the failure to do so could not reasonably be expected to have a Material Adverse Effect, ensure that all pension schemes operated by or maintained for the benefit of the U.S. Borrower and the Subsidiaries and/or any of their respective employees are fully funded based on the minimum funding requirement under Section 56 of the Pensions Xxx 0000 or the statutory funding objective under Section 222 of the Pensions Xxx 0000 or under any other applicable laws and that no action or omission is taken by any Subsidiary of the U.S. Borrower in relation to such a pension scheme that has or is reasonably likely to have a Material Adverse Effect (including the termination or commencement of winding-up proceedings of any such pension scheme or the U.S. Borrower or any Subsidiary ceasing to employ any member of such a pension scheme).
UK Pension Matters. The Pensions Regulator issues a Financial Support Direction or a Contribution Notice to any Loan Party; or
UK Pension Matters. Except for the Caledonian Mining Company Limited No. 1 Retirement Benefits Scheme and the Caledonian Mining Company Limited No. 2
UK Pension Matters. Ensure that none of Parent, either Borrower or any other Subsidiary is or has been at any time an employer (for the purposes of sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme that is not a money purchase scheme (both terms as defined in the Pension Schemes Act 1993) or is “connected” with or an “associate” of (as those terms are used in sections 39 or 43 of the Pensions Act 2004) such an employer.
UK Pension Matters. The Parent and the Borrower shall ensure that all pension schemes operated by or maintained for the benefit of CBS Monaco Limited and its Subsidiaries and any of their employees are funded in accordance with the minimum funding requirement under Section 56 of the Pensions Xxx 0000 or the statutory funding objective under Section 222 of the UK Pensions Act and that no action or omission is taken by CBS Monaco Limited or any of its Subsidiaries in relation to such a pension scheme that has or is reasonably likely to have a Material Adverse Effect (including the termination or commencement of winding-up proceedings of any such pension scheme or the UK Subsidiary ceasing to employ any member of such a pension scheme).
UK Pension Matters. (a) The Parent and the Borrower shall ensure that all pension schemes operated by or maintained for the benefit of the UK Subsidiary and its Subsidiaries and any of their employees are funded in accordance with the minimum funding requirement under Section 56 of the Pensions Xxx 0000 or the statutory funding objective under Section 222 of the UK Pensions Act and that no action or omission is taken by the UK Subsidiary or any of its Subsidiaries in relation to such a pension scheme which has or is reasonably likely to have a Material Adverse Effect (including the termination or commencement of winding-up proceedings of any such pension scheme or the UK Subsidiary ceasing to employ any member of such a pension scheme).
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UK Pension Matters. (i) Administrative Agent and Lenders acknowledge and agree that the provisions hereof relating to ERISA shall not apply to any UK Borrower.
UK Pension Matters. (1) The Sellers shall retain the U.K. Pension Plan and the past service pension liabilities for employees and former employees of the U.K. Company within the U.K. Pension Plan.
UK Pension Matters. (a) From the date of this Stock Purchase Agreement until Closing, Parent may at its option make an application (and may at any time withdraw or abandon such application) for clearance statements under sections 42 and 46 of the UK Pensions Act (the “Clearance Statements”) in relation to the Volvo Car UK Pension Scheme and the transactions under or referred to in the Transaction Documents and the Buyers’ associated financing of these transactions. If Parent elects not to make such an application or withdraws or abandons such application, Buyers may, at Buyers’ option, make or continue with such an application in favor of Buyers and such other Buyer Affiliates as shall be specified by Buyers, on the terms set out in this Section 5.20. The application for the Clearance Statements shall be: EXECUTION VERSION (i) in a form agreed between Parent and the Buyers;
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