Common use of ERISA Compliance and Reports Clause in Contracts

ERISA Compliance and Reports. (a) Each Plan shall comply in all material respects with ERISA and the Code, except to the extent failure to comply in any instance would not have a Material Adverse Effect. (b) With respect to any Plan, each Borrower shall, or shall cause its ERISA Affiliates to, furnish to the Lender promptly (i) as soon as possible and in any event within ten (10) days after such Borrower or any of its ERISA Affiliates knows that any ERISA Event has occurred or is expected to occur, a statement of a Responsible Officer of such Borrower describing such ERISA Event, including copies of any notice concerning such ERISA Event received from the PBGC, a plan administrator, or from a Multiemployer Plan sponsor, and the action, if any, such Borrower or such ERISA Affiliate proposes to take with respect thereto; and (ii) promptly after filing thereof, a copy of the annual report of each Pension Plan (Form 5500 or comparable form) required to be filed with the IRS and/or the United States Department of Labor. Promptly after the adoption of any Pension Plan, such Borrower shall notify the Lender of such adoption.

ERISA Compliance and Reports. (a) Each Plan shall comply in all material respects with ERISA and the Code, except to the extent failure to comply in any instance would not have a Material Adverse Effect. (b) With respect to any Plan, each the Borrower shall, or shall cause its ERISA Affiliates to, furnish to the Lender promptly (i) as soon as possible and in any event within ten (10) 10 days after such the Borrower or any of its ERISA Affiliates knows that any ERISA Event has occurred or is expected to occur, a statement of a Responsible Officer of such the Borrower describing such ERISA Event, including copies of any notice concerning such ERISA Event received from the PBGC, a plan administrator, or from a Multiemployer Plan sponsor, and the action, if any, such the Borrower or such ERISA Affiliate proposes to take with respect thereto; and (ii) promptly after filing thereof, a copy of the annual report of each Pension Plan (Form 5500 or comparable form) required to be filed with the IRS and/or the United States Department of Labor. Promptly after the adoption of any Pension Plan, such the Borrower shall notify the Lender of such adoption.

ERISA Compliance and Reports. (a) Each Plan shall comply in all material respects with ERISA and the Code, except to the extent failure to comply in any instance would not have a Material Adverse Effect. (b) With respect to any Plan, each the Borrower shall, or shall cause its ERISA Affiliates to, furnish to the Lender promptly (i) as soon as possible and in any event within ten (10) days after such the Borrower or any of its ERISA Affiliates knows that any ERISA Event has occurred or is expected to occur, a statement of a Responsible Officer of such the Borrower describing such ERISA Event, including copies of any notice concerning such ERISA Event received from the PBGC, a plan administrator, or from a Multiemployer Plan sponsor, and the action, if any, such the Borrower or such ERISA Affiliate proposes to take with respect thereto; and (ii) promptly after filing thereof, a copy of the annual report of each Pension Plan (Form 5500 or comparable form) required to be filed with the IRS and/or the United States Department of Labor. Promptly after the adoption of any Pension Plan, such the Borrower shall notify the Lender of such adoption.