Common use of UK Pensions Clause in Contracts

UK Pensions. No Loan Party is or has at any time been an employer (for the purposes of sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 1993); and no UK Loan Party is or has at any time been “connected” with or an “associate” of (as those terms are used in sections 38 and 43 of the Pensions Act 2004) such an employer.

Appears in 11 contracts

Sources: Term Loan Credit and Security Agreement (Quantum Corp /De/), Revolving Credit and Security Agreement (Quantum Corp /De/), Revolving Credit and Security Agreement (Quantum Corp /De/)

UK Pensions. No Loan Party is or has at any time been been: (a) an employer (for the purposes of sections 38 to 51 of the Pensions Act 20042004 (UK)) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 19931993 (UK)); and no UK Loan Party is or has at any time been “(b) "connected" with or an “associate” of (as those terms are used in sections 38 and 43 of the Pensions Act 20042004 (UK)) of such an employer.

Appears in 5 contracts

Sources: Revolving Credit, Term Loan and Security Agreement (B. Riley Financial, Inc.), Revolving Credit, Term Loan and Security Agreement (B. Riley Financial, Inc.), Revolving Credit, Term Loan and Security Agreement (B. Riley Financial, Inc.)

UK Pensions. No Except for the UK Pension Scheme, no Loan Party or any of its Subsidiaries is or has at any time been been: (a) an employer (for the purposes of sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 1993); and no UK Loan Party is or has at any time been “connected(b)”connected” with or an “associate” of (as those terms are used in sections 38 and 43 of the Pensions Act 2004) of such an employer.

Appears in 3 contracts

Sources: Term Loan Credit Agreement (Adient PLC), Term Loan Credit Agreement (Adient PLC), Term Loan Credit Agreement (Adient PLC)

UK Pensions. No Other than in respect of the UK DB Plan, no UK Loan Party is or has at any time been (i) an employer (for the purposes of sections 38 to 51 of the Pensions Act 20042004 (UK)) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Pension Schemes Act 19931993(UK); and no UK Loan Party is ) or has at any time been (ii) “connected” with or an “associate” of (as those terms are used in sections 38 and 43 of the Pensions Act 20042004 (UK) of such an employer.

Appears in 2 contracts

Sources: Fifth Amendment Agreement (Ecovyst Inc.), Abl Credit Agreement (Ecovyst Inc.)

UK Pensions. No Other than in relation to the UK Pension Plan, no Loan Party or any of its Subsidiaries is or has at any time been been: (a) an employer (for the purposes of sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 1993); and no UK Loan Party is or has at any time been (b) “connected” with or an “associate” of (as those terms are used in sections 38 and 43 of the Pensions Act 2004) of such an employer.

Appears in 1 contract

Sources: Credit Agreement (V F Corp)

UK Pensions. No UK Loan Party (i) is or has at any time been an employer (for the purposes of sections 38 to 51 of the UK Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions UK Pension Schemes Act 1993); and no UK Loan Party (ii) is or has at any time been "connected" with or an "associate" of (as those terms are used in sections 38 and 43 of the UK Pensions Act 2004) such an employer.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (FiscalNote Holdings, Inc.)

UK Pensions. No Except for the UK Pension Scheme, no Loan Party or any of its Subsidiaries is or has at any time been been: (a) an employer (for the purposes of sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 1993); and no UK Loan Party is or has at any time been “connected(b)“connected” with or an “associate” of (as those terms are used in sections 38 and 43 of the Pensions Act 2004) of such an employer.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Adient PLC)

UK Pensions. 4886‐4763‐4628><v2>< 4033.197> . No Loan Party is or has at any time been been: (a) an employer (for the purposes of sections 38 to 51 of the Pensions Act 20042004 (UK)) of an occupational pension scheme which is not a money purchase scheme (both terms as defined in the Pensions Schemes Act 19931993 (UK)); and no UK Loan Party is or has at any time been “(b) "connected" with or an “associate” of (as those terms are used in sections 38 and 43 of the Pensions Act 20042004 (UK)) of such an employer.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (B. Riley Financial, Inc.)