Common use of Comply with ERISA Clause in Contracts

Comply with ERISA. The Borrower will, and will cause each of its Subsidiaries to, at all times make prompt payment of contributions required to meet the minimum funding standards set forth in ERISA with respect to any employee benefit plan; promptly after the filing thereof, furnish to the Bank copies of any annual report required to be filed under ERISA in connection with each employee benefit plan; not withdraw from participation in, permit the termination or partial termination of, or permit the occurrence of any other event with respect to any employee benefit plan that could result in liability to the Pension Benefit Guaranty Corporation; notify the Bank as soon as practicable of any "reportable event" (as defined in Section 4043(b) of ERISA) and of any additional act or condition arising in connection with any employee benefit plan which the Borrower or any of its Subsidiaries believe might constitute grounds for the termination thereof by the Pension Benefit Guaranty Corporation or for the appointment by the appropriate United States district court of a trustee to administer such plan; and furnish to the Bank upon the Bank's request, such additional information about any employee benefit plan as may be reasonably

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (Medical Action Industries Inc)

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Comply with ERISA. The Borrower will, and will cause each of its Consolidated Subsidiaries to, shall at all times make prompt payment of contributions required to meet the minimum funding standards set forth in ERISA with respect to any employee benefit plan; promptly after the filing thereof, furnish to the Bank copies of any annual report required to be filed under ERISA in connection with each employee benefit plan; not withdraw from participation in, permit the termination or partial termination of, or permit the occurrence of any other event with respect to any employee benefit plan that could result in liability to the Pension Benefit Guaranty Corporation; notify the Bank as soon as practicable of any "reportable event" (as defined in Section 4043(b) of ERISA) and of any additional act or condition arising in connection with any employee benefit plan which the Borrower or any of its Subsidiaries believe might constitute grounds for the termination thereof by the Pension Benefit Guaranty Corporation or for the appointment by the appropriate United States district court of a trustee to administer such plan; and furnish to the Bank upon the Bank's request, such additional information about any employee benefit plan as may be reasonablyreasonably requested. Neither the Borrower nor any of its Subsidiaries will permit the occurrence of any "prohibited transaction" (as defined in ERISA).

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (Lunn Industries Inc /De/)

Comply with ERISA. The Borrower will, and will cause each of its Subsidiaries to, shall at all times make prompt payment of contributions required to meet the minimum funding standards set forth in ERISA with respect to any employee benefit plan; promptly after the filing thereof, furnish to the Bank and MIDFA copies of any annual report required to be filed under ERISA in connection with each employee benefit plan; not withdraw from participation in, permit the termination or partial termination of, or permit the occurrence of any other event with respect to any employee benefit plan that could result in liability to the Pension Benefit Guaranty Corporation; notify the Bank and MIDFA as soon as practicable of any "reportable event" (as defined in Section 4043(b) of ERISA) and of any additional act or condition arising in connection with any employee benefit plan which the Borrower or any of its Subsidiaries believe might constitute grounds for the termination thereof by the Pension Benefit Guaranty Corporation or for the appointment by the appropriate United States district court of a trustee to administer such plan; and furnish to the Bank and MIDFA upon the Bank's or MIDFA's request, such additional information about any employee benefit plan as may be reasonablyreasonably requested. Neither the Borrower nor any of its Subsidiaries will permit the occurrence of any "prohibited transaction" (as defined in ERISA).

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (Chesapeake Biological Laboratories Inc)

Comply with ERISA. The Except where noncompliance will not have a material adverse effect on the Borrower, its Subsidiaries and the Guarantors taken as a whole, the Borrower will, and will cause each of its Subsidiaries to, at all times make prompt payment of contributions required to meet the minimum funding standards set forth in ERISA with respect to any employee benefit plan; promptly after the filing thereof, furnish to the Bank copies of any annual report required to be filed under ERISA in connection with each employee benefit plan; not withdraw from participation in, permit the termination or partial termination of, or permit the occurrence of any other event with respect to any employee benefit plan that could result in liability to the Pension Benefit Guaranty Corporation; notify the Bank as soon as practicable of any "reportable event" (as defined in Section 4043(b) of ERISA) and of any additional act or condition arising in connection with any employee benefit plan which the Borrower or any of its Subsidiaries believe might constitute grounds for the termination thereof by the Pension Benefit Guaranty Corporation or for the appointment by the appropriate United States district court of a trustee to administer such plan; and furnish to the Bank upon the Bank's request, such additional information about any employee benefit plan as may be reasonablyreasonably requested. Neither the Borrower nor any of its Subsidiaries or the Guarantors will permit the occurrence of any "prohibited transaction" (as defined in ERISA).

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (Dollar Tree Stores Inc)

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Comply with ERISA. The Borrower will, Guarantor and will cause each of its Subsidiaries to, shall at all times make prompt payment of contributions required to meet the minimum funding standards set forth in ERISA with respect to any employee benefit plan; promptly after the filing thereof, furnish to the Bank copies of any annual report required to be filed under ERISA in connection with each employee benefit plan; not withdraw from participation in, permit the termination or partial termination of, or permit the occurrence of any other event with respect to any employee benefit plan that could result in liability to the Pension Benefit Guaranty Corporation; notify the Bank as soon as practicable of any "reportable event" (as defined in Section 4043(b) of ERISA) and of any additional act or condition arising in connection with any employee benefit plan which the Borrower Guarantor or any of its Subsidiaries believe might constitute grounds for the termination thereof by the Pension Benefit Guaranty Corporation (or any successor under ERISA) or for the appointment by the appropriate United States district court of a trustee to administer such plan; and furnish to the Bank upon the Bank's request, such additional information about any employee benefit plan as may be reasonablyreasonably requested. Neither the Guarantor nor any of its Subsidiaries will permit the occurrence of any "prohibited transaction" (as defined in ERISA).

Appears in 1 contract

Samples: Guaranty Agreement (Lunn Industries Inc /De/)

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