Common use of Accumulated Funding Deficiency Clause in Contracts

Accumulated Funding Deficiency. Neither any of the Pension Plans nor any such trusts have incurred any "accumulated funding deficiency", as such term is defined in Section 302 of ERISA (whether or not waived), since the effective date of ERISA.

Appears in 2 contracts

Samples: Note Agreement (Barnes Group Inc), Note Agreement (Barnes Group Inc)

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Accumulated Funding Deficiency. Neither any of the Pension Plans nor any such trusts created thereunder have incurred any "accumulated funding deficiency", as such term is defined in Section 302 of ERISA (whether or not waived), since the effective date of ERISA.

Appears in 2 contracts

Samples: Credit and Security Agreement (Maritrans Inc /De/), Credit Agreement (Maritrans Inc /De/)

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Accumulated Funding Deficiency. Neither any of the ------------------------------ Pension Plans nor any such trusts have incurred any "accumulated funding deficiency", as such term is defined in Section 302 of ERISA (whether or not waived), since the effective date of ERISA.

Appears in 1 contract

Samples: Note Purchase Agreement (Barnes Group Inc)

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