Control Entity definition
Examples of Control Entity in a sentence
Neither the Borrower nor any Common Control Entity has incurred any withdrawal liability in connection with a Multiemployer Plan.
The Employer recognizes these limitations upon the authority of job stewards or their alternates, and shall not hold the Union liable for any unauthorized acts.
No liability to the PBGC has been incurred by either Seller, Crosstex or any Common Control Entity, on account of the termination of any Pension Plan.
Neither the Company nor any Common Control Entity has, or will have as a result of the transactions contemplated hereby, (i) withdrawn as a substantial employer so as to become subject to Section 4063 of ERISA; or (ii) ceased making contributions to any Pension Plan that is subject to Section 4064(a) of ERISA to which the Company or any Common Control Entity made contributions during the past five (5) years.
During the past three (3) years, no filing has been made by, or required of, the Company or any Common Control Entity with the PBGC, the PBGC has not started any proceeding to terminate any Defined Benefit Plan that was or is maintained or wholly or partially funded by the Company or any Common Control Entity, and to the knowledge of the Company and the Subsidiaries, no facts exist that would permit the PBGC to begin such a proceeding.
Seller and each Common Control Entity have never sponsored, contributed to, nor been obligated to contribute to, (A) an employee pension benefit plan that is subject to Title I, Subtitle B, Part 3 of ERISA (relating to "FUNDING") or a Benefit Plan that is a multiemployer plan (as defined in Section 3(37) of ERISA), or (B) a voluntary employees' beneficiary association ("VEBA").
Schedules 4.17 and 4.18 set forth an accurate and complete list of each Benefit Plan maintained or contributed to by Seller or any other Common Control Entity, since August 1996 (each such plan referred to as a "SCHEDULED BENEFIT PLAN").
No filing has been commenced to terminate any employee pension benefit plan subject to Title IV of ERISA maintained, or wholly or partially funded, by the Company (or any Common Control Entity).
No event has occurred and no condition exists under any Benefit Plan that would subject Seller or any Common Control Entity to any tax under Code Sections 4971, 4972, 4976, 4977, 4978, 4979, 4979A, 4980, 4980B, 4980C, 4980D and 4980E or to a fine under ERISA Section 502(c).
No liability to the PBGC has been incurred by the Company or any Common Control Entity, on account of the termination of any Pension Plan.