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.

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.

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.

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.