Common use of Canadian Pension Plans Clause in Contracts

Canadian Pension Plans. No Credit Party shall: (a) establish, sponsor, maintain, contribute or have any liability or obligation under any Canadian Pension Plan; or (b) consummate any transaction that would result in any Person not already a Subsidiary becoming a Subsidiary if such Person sponsors, maintains or contributes or has any liability or obligation under one or more Canadian Pension Plans, without the prior consent of the Administrative Agent.

Canadian Pension Plans. No Credit Party shall: (a) establish, sponsor, maintain, contribute or have any liability or obligation under any Canadian Pension Plan; or (b) consummate any transaction that would result in any Person not already a Subsidiary becoming a Subsidiary if such Person sponsors, maintains or contributes or has any liability or obligation under one or more Canadian Pension Plans, without the prior consent of the Administrative Agent, maintain, administer, establish or contribute to, or shall become liable in respect of, any Canadian DB Plan.

Canadian Pension Plans. No Credit Party shall: (a) establish, sponsor, maintain, contribute or have any liability or obligation under any Canadian Defined Benefit Pension Plan; or (b) consummate any transaction that would result in any Person not already a Subsidiary becoming a Subsidiary if such Person sponsors, maintains or contributes or has any liability or obligation under one or more Canadian Defined Benefit Pension Plans, without the prior consent of the Administrative Agent.

Canadian Pension Plans. No Borrower shall, or permit any Credit Party shall: or Subsidiary to (a) establish, sponsor, maintain, contribute or have any liability or obligation under any Canadian Defined Benefit Pension Plan; or , or (b) consummate any transaction that would result in any Person not already a Subsidiary becoming a Subsidiary if such Person sponsors, maintains or contributes or has any liability or obligation under one or more Canadian Defined Benefit Pension Plans, in each case, without the prior consent of the Administrative Agent, acting reasonably.