Common use of Canadian Benefit and Pension Plans Clause in Contracts

Canadian Benefit and Pension Plans. (a) For each existing Canadian Pension Plan and Canadian Benefit Plan and for any Canadian Pension Plan or Canadian Benefit Plan hereafter adopted, the Canadian Borrower and its Subsidiaries shall in a timely fashion perform all obligations (including fiduciary, funding, investment and administration obligations) required to be performed in connection with such plan and the funding media therefor in accordance with the terms of such plan and all Requirements of Law. (b) Each of the Canadian Borrower and its Subsidiaries shall deliver to the General Administrative Agent (A) if requested by the Canadian Administrative Agent, acting reasonably, promptly after the filing thereof by the Canadian Borrower or such Subsidiary with any applicable Governmental Authority, copies of each annual and other return, report or valuation with respect to each Canadian Pension Plan, copies of any actuarial report with respect to each Canadian Pension Plan (whether or not required by any Governmental Authority) and (B) promptly after receipt thereof, a copy of any direction, notice or other communication (i) in respect of any breach of Applicable Law, (ii) which would have the effect of increasing the funding obligation in respect of each such plan, or (iii) which could result in the imposition of any Lien on any of the properties or assets of the Canadian Borrower or such Subsidiary, and any order or ruling that the Canadian Borrower or such Subsidiary may receive from any applicable Governmental Authority with respect to any Canadian Pension Plan.

Appears in 4 contracts

Samples: Credit Agreement (Laidlaw Environmental Services Inc), Credit Agreement (Safety Kleen Corp/), Credit Agreement (Laidlaw Environmental Services Inc)

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Canadian Benefit and Pension Plans. (a) For for each existing Canadian Pension Plan and Canadian Benefit Plan and for any Canadian Pension Plan or Canadian Benefit Plan hereafter adopted, the Canadian Borrower it will, and will cause its Subsidiaries shall to, perform, in a timely fashion perform fashion, all obligations (including fiduciary, funding, investment and administration obligations) required to be performed in connection with such plan and the funding media therefor in accordance with the terms of such plan and all Requirements of Law.Applicable Laws, (b) Each of the Canadian Borrower it will, and will cause its Subsidiaries shall to, deliver to the General Administrative Agent Lenders (Ai) if requested by the Canadian Administrative Agenta Lender, acting reasonably, promptly after the filing thereof by it or one of its Subsidiaries with the Canadian Borrower or such Subsidiary with any applicable Governmental Authorityappropriate authorities, copies of each annual and other return, report or valuation with respect to each Canadian Pension Plan, copies of any actuarial report with respect to each Canadian Pension Plan (whether or not required by any Governmental Authority) and a copy of the audited annual financial report with respect to each Canadian Pension Plan and (Bii) promptly after receipt thereof, a copy of any direction, notice or other communication (i) in respect of any breach of Applicable Law, Law relating to the Canadian Pension Plans and Canadian Benefit Plans of the Borrower and its Subsidiaries (iia) which would have the effect of increasing the funding obligation in respect of each such plan, or (iiib) which could result in the imposition of any Lien on any of the properties or assets of the Canadian Borrower or such Subsidiaryone of its Subsidiaries, and as well as a copy of any order or ruling that the Canadian Borrower or such Subsidiary Credit Party may receive from any applicable Governmental Authority authority with respect to any Canadian Pension Plan or Canadian Benefit Plan.;

Appears in 1 contract

Samples: Credit Agreement (Phoenix International Life Sciences Inc)

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Canadian Benefit and Pension Plans. (a) For each existing Canadian Pension Plan and Canadian Benefit Plan and for any Canadian Pension Plan or Canadian Benefit Plan hereafter adopted, the Canadian Borrower and each of its Subsidiaries shall in a timely fashion perform all obligations (including fiduciary, funding, investment and administration obligations) required to be performed in connection with such plan and the funding media therefor in accordance with the terms of such plan and all Requirements any Requirement of Law. (b) Each of the The Canadian Borrower and each of its Subsidiaries shall deliver to the General Administrative Agent (A) Canadian Agent, if requested by the Canadian Administrative Agent, acting reasonably, promptly after the filing thereof by the Canadian Borrower or such Subsidiary with any applicable Governmental Authority, copies of each annual and other return, report or valuation with respect to each Canadian Pension Plan, copies of any actuarial report with respect to each Canadian Pension Plan (only 100 94 if required by any Governmental Authority), and a copy of the audited annual financial report with respect to each Canadian Pension Plan (whether or not required by any Governmental Authority) and (B) promptly after receipt thereof, a copy of any direction, notice or other communication (i) in respect of any breach of Applicable any Requirement of Law, (ii) which would have the effect of increasing the funding obligation in respect of each such plan, or (iii) which could result in the imposition of any Lien on any of the properties or assets of the Canadian Borrower or such Subsidiarya Credit Party, and any order or ruling that the Canadian Borrower or such Subsidiary Credit Party may receive from any applicable Governmental Authority with respect to any Canadian Pension Plan.

Appears in 1 contract

Samples: Credit Agreement (Viasystems Inc)

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