No Penalties. No provision of this Agreement is to be interpreted as a penalty upon any party to this Agreement.
No Penalties. No provision of this Escrow Agreement is to be interpreted as a penalty upon any party to this Escrow Agreement.
No Penalties. No provision of this Agreement is to be interpreted as a penalty upon any party to this Agreement. The parties hereby agree that the rights of City in the event Contractor takes or fails to take certain actions pursuant to this Agreement, are reasonable, and that the parties desire such certainty with regard to such matters.
No Penalties. No provision of this Agreement is to be interpreted as a penalty upon either party to this Agreement. The parties hereby agree that the rights of City in the event Purchaser takes or fails to take certain actions pursuant to this Agreement, are reasonable.
No Penalties. No Acquired Company Employee Benefit Plans or any trusts relating thereto have engaged in any transaction in connection with which any Acquired Company or any fiduciaries of such Employee Benefit Plans or related trusts is or could be subject either to a civil penalty or other liability under Sections 502(i), 406 or 409 of ERISA or a tax imposed by Section 4975 of the Code, and no event has occurred and no condition exists with respect to Acquired Company Employee Benefit Plans that could subject any Acquired Company to any other tax or penalty under the Code or civil penalty or other liability under ERISA or other Laws.
No Penalties. Neither IRG, CNR, the Plans, nor any trustee or administrator of any of the Plans has engaged in a transaction in connection with which IRG could be subject to either a civil penalty assessed pursuant to Section 502(i) of ERISA or a tax imposed by Section 4975 of the Code. No "reportable event," as that term is defined in ERISA, will occur with respect to any of the Plans as a result of the transactions contemplated herein.
No Penalties. No provision of this Contract is to be interpreted as a penalty upon any party to this Contract. The parties hereby agree that the rights of the City-Parish in the event Contractor takes or fails to take certain actions pursuant to this Contract, are reasonable, and that the parties desire such certainty with regard to such matters.
No Penalties. The Company has not engaged in a transaction with respect to any Benefit Plan and nothing else has occurred with respect to any Benefit Plan that could subject the Company to a Tax or penalty imposed by either Section 4975 of the Code or Section 502(i) of ERISA. The Company has not incurred and does not reasonably expect to incur any Tax or penalty imposed by Section 4980F of the Code or Section 502 of ERISA or any material liability under Section 4071 of ERISA.
No Penalties. Neither any Seller Employee Benefit Plan nor any fiduciary of any trust related to such plans has engaged in any transaction in connection with which Seller or any such fiduciary is or could be subject either to a civil penalty or other liability under ERISA or an excise tax imposed by the Code, and no event has occurred and no condition exists with respect to any Seller Employee Benefit Plan that could subject Seller to any other Tax or penalty under the Code or civil penalty or other liability under ERISA or other Laws.
No Penalties. Neither the acquisition of the Company, nor the ------------- repayment of the Fleet Bank line of credit by the Buyer will result in the assessment of any prepayment or other penalties by Fleet Bank under the terms of the credit documents between the Company and Fleet Bank.
