Common use of Canadian Pension Plans and Canadian Benefit Plans Clause in Contracts

Canadian Pension Plans and Canadian Benefit Plans. (a) For each existing, or hereafter adopted, Canadian Pension Plan or Canadian Benefit Plan administered by the Company or any of its Canadian Subsidiaries, the Company will, and will cause each Canadian Subsidiary to, comply with and perform in all material respects all of their material obligations under and in respect of such Canadian Pension Plan or Canadian Benefit Plan, including under any funding agreements and all applicable laws and regulations (including any funding, investment and administration obligations). (b) The Company will, and will cause each of its Canadian Subsidiaries to, withhold, pay or remit all Material employer and employee payments, contributions and premiums required to be remitted, paid to or in respect of each Canadian Pension Plan and Canadian Benefit Plan in a timely fashion in accordance with the terms thereof, any funding agreements and all applicable laws. (c) The Company will, and will cause each Canadian Subsidiary to, deliver to the holders (i) promptly after receipt thereof, a copy of any material claim, direction, order, notice, ruling or opinion that the Company or any Canadian Subsidiary may receive from any applicable Canadian Governmental Authority or other claimant, except for regular claims for benefits with respect to any Canadian Pension Plan or Canadian Benefit Plan that can reasonably be expected to give rise to a liability in excess of $10,000,000 (or its equivalent in the relevant currency); (ii) notification within 30 days of receipt of an actuarial report or accounting disclosure report that discloses any increases having a cost to the Company or any Canadian Subsidiary in excess of $10,000,000 (or its equivalent in the relevant currency) in the aggregate, in respect of any existing Canadian Pension Plan or Canadian Benefit Plan, and (iii) subject to Section 10.16, notification within thirty (30) days of the establishment of any new Canadian Pension Plan that has a “defined benefit provision” as that term is defined in the ITA, or the commencement of contributions to any such plan to which the Company or any Canadian Subsidiary participating thereof was not previously contributing that can be expected to give rise to an annual liability in excess of $10,000,000 (or its equivalent in the relevant currency). (d) The Company will, and will cause each Canadian Subsidiary to, withhold, pay or remit all material employer and employee contributions and premiums required to be remitted, paid to or in respect of the Canadian Pension Plan or the Quebec Pension Plan, or any plan required under Canadian federal, provincial or territorial health, workers’ compensation, and employment insurance legislation in compliance with applicable laws and regulations. Waste Connections, Inc. Note Purchase Agreement

Appears in 1 contract

Samples: Master Note Purchase Agreement (Waste Connections, Inc.)

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Canadian Pension Plans and Canadian Benefit Plans. (a) For each existing, or hereafter adopted, Canadian Pension Plan or Canadian Benefit Plan sponsored or administered by the Company Borrower or any of its Canadian SubsidiariesSubsidiaries organized in Canada, the Company will, Borrower and each of its Subsidiaries organized in Canada will cause each Canadian Subsidiary to, comply with and perform in all material respects all of their material obligations under and in respect of such Canadian Pension Plan or Canadian Benefit Plan, including under any funding agreements and all applicable laws Laws and regulations (including any funding, investment and administration obligations). (b) The Company will, Borrower and will cause each of its Canadian Subsidiaries to, organized in Canada will withhold, pay or remit all Material material employer and employee payments, contributions and premiums required to be remitted, paid to or in respect of each Canadian Pension Plan and Canadian Benefit Plan in a timely fashion in accordance with the terms thereof, any funding agreements and all applicable lawsLaws. (c) The Company will, Borrower and each of its Subsidiaries organized in Canada will cause each Canadian Subsidiary to, deliver to the holders Agents (i) promptly after receipt thereof, a copy of any material claim, direction, order, notice, ruling or opinion that the Company Borrower or any Canadian Subsidiary of its Subsidiaries organized in Canada may receive from any applicable Canadian Governmental Authority or other claimant, except for regular claims for benefits benefits, with respect to any Canadian Pension Plan or Canadian Benefit Plan that can reasonably be expected to give rise to a liability in excess of $10,000,000 (or its equivalent in the relevant currency)U.S. Dollar Equivalent of U.S.$50,000,000; (ii) notification within 30 thirty (30) days of receipt of an actuarial report or accounting disclosure report that discloses any increases having a cost unfunded liabilities to the Company Borrower or any Canadian Subsidiary of its Subsidiaries organized in Canada, in excess of $10,000,000 (or its equivalent in the relevant currency) U.S. Dollar Equivalent of U.S.$50,000,000 in the aggregate, in respect of any existing Canadian Pension Plan or Canadian Benefit Plan, as calculated on a hypothetical wind-up basis, and (iii) subject to Section 10.167.18, notification within thirty (30) days of the establishment of any new Canadian Pension Plan that has a “defined benefit provision” as that term is defined in the ITA, or the commencement of contributions to any such plan to which the Company Borrower or any Canadian Subsidiary participating thereof of its Subsidiaries organized in Canada was not previously contributing that can be expected to give rise to an annual a liability in excess of $10,000,000 (or its equivalent in the relevant currency)U.S. Dollar Equivalent of U.S.$50,000,000. (d) The Company will, Borrower and each of its Subsidiaries organized in Canada will cause each Canadian Subsidiary to, withhold, pay or remit all material employer and employee contributions and premiums required to be remitted, paid to or in respect of the Canadian Pension Plan Canada or the Quebec Pension Plan, or any plan required under Canadian federal, provincial or territorial health, workers’ compensation, and employment insurance legislation in compliance with applicable laws Laws and regulations. Waste Connections, Inc. Note Purchase Agreement.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Waste Connections, Inc.)

Canadian Pension Plans and Canadian Benefit Plans. (a) For each existing, or hereafter adopted, Canadian Pension Plan or Canadian Benefit Plan sponsored or administered by the Company Borrower or any of its Canadian SubsidiariesSubsidiaries organized in Canada, the Company will, Borrower and each of its Subsidiaries organized in Canada will cause each Canadian Subsidiary to, comply with and perform in all material respects all of their material obligations under and in respect of such Canadian Pension Plan or Canadian Benefit Plan, including under any funding agreements and all applicable laws Laws and regulations (including any funding, investment and administration obligations). (b) The Company will, Borrower and will cause each of its Canadian Subsidiaries to, organized in Canada will withhold, pay or remit all Material material employer and employee payments, contributions and premiums required to be remitted, paid to or in respect of each Canadian Pension Plan and Canadian Benefit Plan in a timely fashion in accordance with the terms thereof, any funding agreements and all applicable lawsLaws. (c) The Company will, Borrower and each of its Subsidiaries organized in Canada will cause each Canadian Subsidiary to, deliver to the holders Agents (i) promptly after receipt thereof, a copy of any material claim, direction, order, notice, ruling or opinion that the Company Borrower or any Canadian Subsidiary of its Subsidiaries organized in Canada may receive from any applicable Canadian Governmental Authority or other claimant, except for regular claims for benefits benefits, with respect to any Canadian Pension Plan or Canadian Benefit Plan that can reasonably be expected to give rise to a liability in excess of $10,000,000 (or its equivalent in the relevant currency)U.S. Dollar Equivalent of U.S.$100,000,000; (ii) notification within 30 thirty (30) days of receipt of an actuarial report or accounting disclosure report that discloses any increases having a cost unfunded liabilities to the Company Borrower or any Canadian Subsidiary of its Subsidiaries organized in Canada, in excess of $10,000,000 (or its equivalent in the relevant currency) U.S. Dollar Equivalent of U.S.$100,000,000 in the aggregate, in respect of any existing Canadian Pension Plan or Canadian Benefit Plan, as calculated on a hypothetical wind-up basis, and (iii) subject to Section 10.167.18, notification within thirty (30) days of the establishment of any new Canadian Pension Plan that has a “defined benefit provision” as that term is defined in the ITA, or the commencement of contributions to any such plan to which the Company Borrower or any Canadian Subsidiary participating thereof of its Subsidiaries organized in Canada was not previously contributing that can be expected to give rise to an annual a liability in excess of $10,000,000 (or its equivalent in the relevant currency)U.S. Dollar Equivalent of U.S.$100,000,000. (d) The Company will, Borrower and each of its Subsidiaries organized in Canada will cause each Canadian Subsidiary to, withhold, pay or remit all material employer and employee contributions and premiums required to be withheld, remitted, paid to or in respect of the any Canadian Pension Plan or the Quebec Pension Plan, or any other plan required under Canadian federal, provincial or territorial health, workers’ compensation, and employment insurance legislation legislation, in each case, in compliance with applicable laws Laws and regulations. Waste Connections, Inc. Note Purchase Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Waste Connections, Inc.)

Canadian Pension Plans and Canadian Benefit Plans. (a) For each existing, or hereafter adopted, Canadian Pension Plan or Canadian Benefit Plan administered by the Company or any of its Canadian Subsidiaries, the Company will, and will cause each Canadian Subsidiary to, comply with and perform in all material respects all of their material obligations under and in respect of such Canadian Pension Plan or Canadian Benefit Plan, including under any funding agreements and all applicable laws and regulations (including any funding, investment and administration obligations).. Waste Connections, Inc. Note Purchase Agreement (b) The Company will, and will cause each of its Canadian Subsidiaries to, withhold, pay or remit all Material employer and employee payments, contributions and premiums required to be remitted, paid to or in respect of each Canadian Pension Plan and Canadian Benefit Plan in a timely fashion in accordance with the terms thereof, any funding agreements and all applicable laws. (c) The Company will, and will cause each Canadian Subsidiary to, deliver to the holders (i) promptly after receipt thereof, a copy of any material claim, direction, order, notice, ruling or opinion that the Company or any Canadian Subsidiary may receive from any applicable Canadian Governmental Authority or other claimant, except for regular claims for benefits with respect to any Canadian Pension Plan or Canadian Benefit Plan that can reasonably be expected to give rise to a liability in excess of $10,000,000 (or its equivalent in the relevant currency); (ii) notification within 30 days of receipt of an actuarial report or accounting disclosure report that discloses any increases having a cost to the Company or any Canadian Subsidiary in excess of $10,000,000 (or its equivalent in the relevant currency) in the aggregate, in respect of any existing Canadian Pension Plan or Canadian Benefit Plan, and (iii) subject to Section 10.16, notification within thirty (30) days of the establishment of any new Canadian Pension Plan that has a “defined benefit provision” as that term is defined in the ITA, or the commencement of contributions to any such plan to which the Company or any Canadian Subsidiary participating thereof therein was not previously contributing that can be expected to give rise to an annual liability in excess of $10,000,000 (or its equivalent in the relevant currency). (d) The Company will, and will cause each Canadian Subsidiary to, withhold, pay or remit all material employer and employee contributions and premiums required to be remitted, paid to or in respect of the Canadian Pension Plan or the Quebec Pension Plan, or any plan required under Canadian federal, provincial or territorial health, workers’ compensation, and employment insurance legislation in compliance with applicable laws and regulations. Waste Connections, Inc. Note Purchase Agreement.

Appears in 1 contract

Samples: Master Note Purchase Agreement (Waste Connections, Inc.)

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Canadian Pension Plans and Canadian Benefit Plans. (a) For each existing, or hereafter adopted, Canadian Pension Plan or Canadian Benefit Plan administered by the Company or any of its Canadian Subsidiaries, the Company will, and will cause each Canadian Subsidiary to, comply with and perform in all material respects all of their material obligations under and in respect of such Canadian Pension Plan or Canadian Benefit Plan, including under any funding agreements and all applicable laws and regulations (including any funding, investment and administration obligations). (b) The Company will, and will cause each of its Canadian Subsidiaries to, withhold, pay or remit all Material employer and employee payments, contributions and premiums required to be remitted, paid to or in respect of each Canadian Pension Plan and Canadian Benefit Plan in a timely fashion in accordance with the terms thereof, any funding agreements and all applicable laws. (c) The Company will, and will cause each Canadian Subsidiary to, deliver to the holders (i) promptly after receipt thereof, a copy of any material claim, direction, order, notice, ruling or opinion that the Company or any Canadian Subsidiary may receive from any applicable Canadian Governmental Authority or other claimant, except for regular claims for benefits with respect to any Canadian Pension Plan or Canadian Benefit Plan that can reasonably be expected to give rise to a liability in excess of $10,000,000 (or its equivalent in the relevant currency); (ii) notification within 30 days of receipt of an actuarial report or accounting disclosure report that discloses any increases having a cost to the Company or any Canadian Subsidiary in excess of $10,000,000 (or its equivalent in the relevant currency) in the aggregate, in respect of any existing Canadian Pension Plan or Canadian Benefit Plan, and (iii) subject to Section 10.16, notification within thirty (30) days of the establishment of any new Canadian Pension Plan that has a “defined benefit provision” as that term is defined in the ITA, or the commencement of contributions to any such plan to which the Company or any Canadian Subsidiary participating thereof therein was not previously contributing that can be expected to give rise to an annual liability in excess of $10,000,000 (or its equivalent in the relevant currency).. Waste Connections, Inc. Note Purchase Agreement (d) The Company will, and will cause each Canadian Subsidiary to, withhold, pay or remit all material employer and employee contributions and premiums required to be remitted, paid to or in respect of the Canadian Pension Plan or the Quebec Pension Plan, or any plan required under Canadian federal, provincial or territorial health, workers’ compensation, and employment insurance legislation in compliance with applicable laws and regulations. Waste Connections, Inc. Note Purchase Agreement.

Appears in 1 contract

Samples: Master Note Purchase Agreement (Waste Connections, Inc.)

Canadian Pension Plans and Canadian Benefit Plans. (a) For each existing, or hereafter adopted, Canadian Pension Plan or Canadian Benefit Plan sponsored or administered by the Company Borrower or any of its Canadian SubsidiariesSubsidiaries organized in Canada, the Company will, Borrower and each of its Subsidiaries organized in Canada will cause each Canadian Subsidiary to, comply with and perform in all material respects all of their material obligations under and in respect of such Canadian Pension Plan or Canadian Benefit Plan, including under any funding agreements and all applicable laws Laws and regulations (including any funding, investment and administration obligations). (b) The Company will, Borrower and will cause each of its Canadian Subsidiaries to, organized in Canada will withhold, pay or remit all Material material employer and employee payments, contributions and premiums required to be remitted, paid to or in respect of each Canadian Pension Plan and Canadian Benefit Plan in a timely fashion in accordance with the terms thereof, any funding agreements and all applicable lawsLaws. (c) The Company will, Borrower and each of its Subsidiaries organized in Canada will cause each Canadian Subsidiary to, deliver to the holders Agent (i) promptly after receipt thereof, a copy of any material claim, direction, order, notice, ruling or opinion that the Company Borrower or any Canadian Subsidiary of its Subsidiaries organized in Canada may receive from any applicable Canadian Governmental Authority or other claimant, except for regular claims for benefits benefits, with respect to any Canadian Pension Plan or Canadian Benefit Plan that can reasonably be expected to give rise to a liability in excess of the U.S. Dollar Equivalent of $10,000,000 (or its equivalent in the relevant currency)50,000,000; (ii) notification within 30 thirty (30) days of receipt of an actuarial report or accounting disclosure report that discloses any increases having a cost unfunded liabilities to the Company Borrower or any Canadian Subsidiary of its Subsidiaries organized in Canada, in excess of the U.S. Dollar Equivalent of $10,000,000 (or its equivalent in the relevant currency) 50,000,000 in the aggregate, in respect of any existing Canadian Pension Plan or Canadian Benefit Plan, as calculated on a hypothetical wind-up basis, and (iii) subject to Section 10.167.18, notification within thirty (30) days of the establishment of any new Canadian Pension Plan that has a “defined benefit provision” as that term is defined in the ITA, or the commencement of contributions to any such plan to which the Company Borrower or any Canadian Subsidiary participating thereof of its Subsidiaries organized in Canada was not previously contributing that can be expected to give rise to an annual a liability in excess of the U.S. Dollar Equivalent of $10,000,000 (or its equivalent in the relevant currency)50,000,000. (d) The Company will, Borrower and each of its Subsidiaries organized in Canada will cause each Canadian Subsidiary to, withhold, pay or remit all material employer and employee contributions and premiums required to be withheld, remitted, paid to or in respect of the any Canadian Pension Plan or the Quebec Pension Plan, or any other plan required under Canadian federal, provincial or territorial health, workers’ compensation, compensation and employment insurance legislation legislation, in each case, in compliance with applicable laws Laws and regulations. Waste Connections, Inc. Note Purchase Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Waste Connections, Inc.)

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