ERISA Representation. It continuously represents that it is not (i) an employee benefit plan (hereinafter an "ERISA Plan"), as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), subject to Title I of ERISA or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended, or subject to any other statute, regulation, procedure or restriction that is materially similar to Section 406 of ERISA or Section 4975 of the Code (together with ERISA Plans, "Plans"), (ii) a person acting on behalf of a Plan or (iii) a person any of the assets of whom constitute assets of a Plan, unless its entry into and MORGAN STANLEY performance under this agreement satis▇▇ ▇▇▇ ▇▇▇▇▇▇▇ments for exemptive relief under Prohibited Transactions Exemption 90-24, as amended. It will provide notice to the other party in the event that it is aware that it is in breach of any aspect of this representation or is aware that with the passing of time, giving of notice or expiry of any applicable grace period it will breach this representation.
Appears in 3 contracts
Sources: Swap Transaction Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs), Swap Transaction Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar), Swap Transaction Agreement (Morgan Stanley Mortgage Loan Trust 2006-7)
ERISA Representation. It continuously represents that it is not (i) an employee benefit plan (hereinafter an "ERISA Plan"), as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), subject to Title I of ERISA or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended, or subject to any other statute, regulation, procedure or restriction that is materially similar to Section 406 of ERISA or Section 4975 of the Code (together with ERISA Plans, "Plans"), (ii) a person acting on behalf of a Plan or (iii) a person any of the assets of whom constitute assets of a Plan, unless its entry into and MORGAN STANLEY performance under this agreement satis▇▇ ▇▇▇ ▇▇▇▇▇▇▇ments satisfy the requirements for exemptive relief under Prohibited Transactions Exemption 90-24, as amended. It will provide notice to the other party in the event that it is aware that it is in breach of any aspect of this representation or is aware that with the MORGAN STANLEY passing of time, giving of notice or expiry of any ▇▇▇▇▇▇ ▇▇ ▇▇▇ applicable grace period it will breach this representation.
Appears in 2 contracts
Sources: Swap Transaction Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar), Swap Transaction Agreement (Morgan Stanley Mortgage Loan Trust 2006-7)
ERISA Representation. It continuously represents that it is not (i) an employee benefit plan (hereinafter an "ERISA Plan"), as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), subject to Title I of ERISA or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended, or subject to any other statute, regulation, procedure or restriction that is materially similar to Section 406 of ERISA or Section 4975 of the Code (together with ERISA Plans, "Plans"), (ii) a person acting on behalf of a Plan or (iii) a person any of the assets of whom constitute assets of a Plan, unless its entry into and MORGAN STANLEY performance under this agreement satis▇▇ ▇▇▇ ▇▇▇▇▇▇▇ments satisfy the requirements for exemptive relief under Prohibited Transactions Exemption 90-24, as amended. It will provide notice to the other party in the event that it is aware that it is in breach of any aspect of this representation or is aware that with the MORGAN STANLEY passing of time, giving of notice or expiry of any applicable ex▇▇▇▇ ▇f ▇▇▇ ▇▇plicable grace period it will breach this representation.
Appears in 2 contracts
Sources: Swap Transaction Agreement (Morgan Stanley Mortgage Loan Trust 2006-5ar), Swap Transaction Agreement (Morgan Stanley Mortgage Loan Trust 2007-3xs)
ERISA Representation. It continuously represents that it is not (i) an employee benefit plan (hereinafter an "ERISA Plan"), as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), subject to Title I of ERISA or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended, or subject to any other statute, regulation, procedure or restriction that is materially similar to Section 406 of ERISA or Section 4975 of the Code (together with ERISA Plans, "Plans"), (ii) a person acting on behalf of a Plan or (iii) a person any of the assets of whom constitute assets of a Plan, unless its entry into and MORGAN STANLEY performance under this agreement satissat▇▇▇▇ ▇▇h▇ ▇▇▇▇▇▇▇ments rements for exemptive relief under Prohibited Transactions Exemption 90-24, as amended. It will provide notice to the other party in the event that it is aware that it is in breach of any aspect of this representation or is aware that with the passing of time, giving of notice or expiry of any applicable grace period it will breach this representation.
Appears in 1 contract
Sources: Swap Transaction Agreement (Morgan Stanley Mortgage Loan Trust 2006-2)
ERISA Representation. It continuously represents that it is not (i) an employee benefit plan (hereinafter an "ERISA Plan"), as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), subject to Title I of ERISA or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended, or subject to any other statute, regulation, procedure or restriction that is materially similar to Section 406 of ERISA or Section 4975 of the Code (together with ERISA Plans, "Plans"), (ii) a person acting on behalf of a Plan or (iii) a person any of the assets of whom constitute assets of a Plan, unless its entry into and MORGAN STANLEY performance under this agreement satis▇▇ ▇▇▇ ▇▇▇▇▇▇▇ments satisfy the requirements for exemptive relief under Prohibited Transactions Exemption 90-24, as amended. It will provide notice to the other party in the event MORGAN STANLEY that it is aware that it is in breach of any aspect ▇▇ ▇▇y ▇▇▇▇▇▇ of this representation or is aware that with the passing of time, giving of notice or expiry of any applicable grace period it will breach this representation.
Appears in 1 contract
Sources: Swap Transaction Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar)
ERISA Representation. It continuously represents that it is not (i) an employee benefit plan (hereinafter an "ERISA Plan"), as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), subject to Title I of ERISA or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended, or subject to any other statute, regulation, procedure or restriction that is materially similar to Section 406 of ERISA or Section 4975 of the Code (together with ERISA Plans, "Plans"), (ii) a person acting on behalf of a Plan or (iii) a person any of the assets of whom constitute assets of a Plan, unless its entry into and MORGAN STANLEY performance under this agreement satissati▇▇▇ ▇▇▇ e ▇▇▇▇▇▇▇ments ements for exemptive relief under Prohibited Transactions Exemption 90-24, as amended. It will provide notice to the other party in the event that it is aware that it is in breach of any aspect of this representation or is aware that with the passing of time, giving of notice or expiry of any applicable grace period it will breach this representation.
Appears in 1 contract
Sources: Swap Transaction Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar)