Common use of PBGC Premiums and Termination Liability Clause in Contracts

PBGC Premiums and Termination Liability. No liability ----------------------------------------- to the Pension Benefit Guaranty Corporation ("PBGC") has been incurred with ---- respect to the Defined Benefit Plans. All premiums due and payable to the PBGC with respect to the Defined Benefit Plans have been paid in a timely manner. The PBGC has not instituted proceedings to terminate any of the Defined Benefit Plans. No event has occurred, and there exists no condition or set of circumstances, which could result in the involuntary termination of any of the Defined Benefit Plans by the PBGC pursuant to ERISA Section 4042. Moreover, even if a Defined Benefit Plan were terminated voluntarily pursuant to ERISA Section 4041, neither CTSI, its predecessors in interest nor any affiliate would have any liability to the PBGC as a result of the termination.

PBGC Premiums and Termination Liability. No liability ----------------------------------------- to ---------------------------------------- the Pension Benefit Guaranty Corporation ("PBGC") has been incurred with ---- respect to the Defined Benefit Plans. All premiums due and payable to the PBGC with respect to the Defined Benefit Plans have been paid in a timely manner. The PBGC has not instituted proceedings to terminate any of the Defined Benefit Plans. No event has occurred, and there exists no condition or set of circumstances, which could result in the involuntary termination of any of the Defined Benefit Plans by the PBGC pursuant to ERISA Section 4042. Moreover, even if a Defined Benefit Plan were terminated voluntarily pursuant to ERISA Section 4041, neither CTSIthe Company, its predecessors in interest nor any affiliate Company Affiliate would have any liability to the PBGC as a result of the termination.