BRISA definition
Examples of BRISA in a sentence
This ProcessAgreementisnot intended to specifyall of theTrustee's obligations as an BRISA fiduciary withrespecttothe purchase or sale ofemployer stock under BRISA, and in no way supersedes any of the Trustee's obligations under BRISA or its implementing regulations.
Neither Borrower, nor Guarantor, nor any Commonly Controlled Entity, has incurred any liability to the PBGC under BRISA.
No liability to the PBGC has been or is expected by the Borrower or any BRISA Affiliate to be incurred with respect to any Plan (other than a Multiemployer Plan) by the Borrower, any Subsidiary or any BRISA Affiliate which is or would be materially adverse to the business, condition (financial or otherwise) or operations of the Borrower and its Subsidiaries taken as a whole.
The Plan Administrator shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable BRISA regulations) to the claimant’s claim for benefits.
Neither the Company nor any BRISA Affiliate maintains, contributes to or is obligated to maintain or contribute to, or has, at any time in the past six years, maintained, contributed to or been obligated to maintain or contribute to, any employee benefit plan which is subject to Title I or Title IV of BRISA or Section 4975 of the Code.
Borrower, Guarantor and all Commonly Controlled Entities have met their minimum funding requirements under ERISA with respect to all of their Plans, and the present value of all vested benefits under each Plan does not exceed the fair market value of all Plan assets allocable to such benefits as determined on the most recent valuation date of the Plan and in accordance with the provisions of BRISA.
The Borrower shall maintain at all times such bonding as is required by BRISA.
The execution and delivery of this Agreement and the other Loan Documents and the Loan hereunder will be exempt from, or did not and will not involve any transaction which is subject to the prohibitions of, section 406 of BRISA and did not and will not involve any transaction in connection with which a penalty could be imposed under section 502(i) of BRISA or a tax could be imposed pursuant to section 4975 of the Code.
The Bank shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable BRISA regulations) to the claimant's claim for benefits.
The Acquired Companies and each of their BRISA Affiliates have timely performed in all material respects all obligations, whether arising by operation of any Laws or by contract, required to be performed by each of them in connection with the Benefit Plans, and there have been no defaults or violations by any other party to the Other Plans or, to the Knowledge of the Seller, the Multiemployer Plans.