Except as would not reasonably be expected to have a Material Adverse Effect, (i) each Plan has been established, maintained, funded and administered in compliance in all respects with its terms, the terms of any applicable collective bargaining or labor agreement, the applicable provisions of ERISA, the IRC, and all other applicable laws. Each Plan that is intended to qualify under Section 401(a) of the IRC has received a favorable determination, opinion or advisory letter from the Internal Revenue Service with respect to the form thereof and, to the knowledge of the Loan Parties, nothing has occurred which would prevent or could cause the loss of such qualification. No ERISA Event has occurred or is reasonably expected to occur that when taken together with all other existing ERISA Events could reasonably be expected to result in liability of the Loan Parties of more than $50,000.