Common use of Reporting and Disclosure Clause in Contracts

Reporting and Disclosure. To Lancit's knowledge, (i) Each party in interest described in section 3(14)(A) and (B) of ERISA has complied with, and neither Lancit nor any Subsidiary will knowingly permit at any time through the Effective Time any such party in interest to fail to comply with, all material requirements of ERISA and (ii) Lancit and each Subsidiary have caused to be filed on a timely basis each and every return, report and notice required to be furnished to any governmental agency with respect to each employee benefit plan sponsored or maintained by Lancit or any Subsidiary and have furnished to plan participants and beneficiaries the information required to be furnished to them. Lancit shall deliver to Company at the Effective Time all records as are requested by Company.