Borrower shall not, or shall it permit any Subsidiary to, directly or indirectly be (a) an employee benefit plan subject to Title I of ERISA, (b) a plan or account subject to Section 4975 of the Code, (c) an entity deemed to hold “ plan assets ” of any such plans or accounts for purposes of ERISA or the Code or (d) a “ governmental plan ” within the meaning of ERISA.