SWY » Topics » Foreign Plan means an Employee Benefit Plan which is, or was at any time, maintained or contributed to by either Borrower or any of their Subsidiaries, and which is a pension plan as defined under Section 3(2) of ERISA and which is described in Section 4(

This excerpt taken from the SWY 8-K filed Jun 7, 2005.

“Foreign Plan” means an Employee Benefit Plan which is, or was at any time, maintained or contributed to by either Borrower or any of their Subsidiaries, and which is a pension plan as defined under Section 3(2) of ERISA and which is described in Section 4(b)(4) of ERISA.

 

“Funding Date” means the date any Loan is funded or any Acceptance is created, as applicable.

 

“GAAP” means generally accepted accounting principles set forth in opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as may be approved by a significant segment of the accounting profession, in each case as the same are applicable to the circumstances as of the date of determination.

 

Governmental Acts” has the meaning assigned to that term in subsection 3.5A.

 

“Governmental Authority” means the government of the United States of America, Canada or any other nation, or agencies and political subdivisions thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).

 

“Hazardous Materials” means (i) any chemical, material or substance at any time defined as or included in the definition of “hazardous substances”, “hazardous wastes”, “hazardous materials”, “extremely hazardous waste”, “restricted hazardous waste”, “infectious waste”, “toxic substances” or any other formulations intended to define, list or classify substances by reason of deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, toxicity, reproductive toxicity, “TCLP toxicity” or “EP toxicity” or words of similar import under any applicable Environmental Laws or publications promulgated pursuant thereto; (ii) any oil, petroleum, petroleum fraction or petroleum derived substance; (iii) any

 

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drilling fluids, produced waters and other wastes associated with the exploration, development or production of crude oil, natural gas or geothermal resources; (iv) any flammable substances or explosives; (v) any radioactive materials; (vi) asbestos in any form; (vii) urea formaldehyde foam insulation; (viii) electrical equipment which contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of fifty parts per million; and (ix) pesticides.

 

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