Common use of ERISA Compliance and Reports Clause in Contracts

ERISA Compliance and Reports. Furnish to the Administrative Agent (a) as soon as possible, and in any event within 30 days after any Credit Party has knowledge that (i) any Reportable Event with respect to any Plan has occurred, a statement of an executive officer of the Credit Party, setting forth on behalf of such Credit Party details as to such Reportable Event and the action which it proposes to take with respect thereto, together with a copy of the notice, if any, required to be filed of such Reportable Event given to the PBGC, (ii) an accumulated funding deficiency has been incurred or an application has been made to the Secretary of the Treasury for a waiver or modification of the minimum funding standard or an extension of any amortization period under Section 412 of the Code with respect to a Plan, (iii) a Plan or Multiemployer Plan has been or is proposed to be terminated, reorganized, partitioned or declared insolvent under Title IV of ERISA, (iv) proceedings have been instituted to terminate a Plan or (v) a proceeding has been instituted pursuant to Section 515 of ERISA to collect a delinquent contribution to a Multiemployer Plan, or any such Credit Party or ERISA Affiliate will incur any liability (including any contingent or secondary liability) to or on account of the termination of or withdrawal from a Plan or Multiemployer Plan under Sections 4062, 4063, 4201 or 4204 of ERISA, if the occurrence of any of the foregoing events individually or in the aggregate would result in a liability which is materially adverse to the financial condition of the Borrower and its Subsidiaries taken as a whole, or a Credit Party, or would materially adversely affect the ability of the Credit Party to perform its obligations under this Credit Agreement or the Notes, a statement of an Authorized Financial Officer of a Credit Party, setting forth details as to such event and the action the applicable Credit Party proposes to take with respect thereto, (b) promptly upon reasonable request of the Administrative Agent, copies of each annual and other report with respect to each Plan and (c) promptly after receipt thereof, a copy of any notice any Credit Party or ERISA Affiliate may receive from the PBGC relating to the PBGC's intention to terminate any Plan or to appoint a trustee to administer any Plan.

ERISA Compliance and Reports. Furnish to the Administrative Agent (a) as soon as possible, and in any event within 30 fifteen (15) days after any Authorized Officer of a Credit Party has knowledge that (i) any Reportable Event with respect to any Plan has occurred, a statement of an executive officer Authorized Officer of the Credit Party, setting forth on behalf of such Credit Party details as to such Reportable Event and the action which it proposes to take with respect thereto, together with a copy of the notice, if any, required to be filed of such Reportable Event given to the PBGC, or (ii) an accumulated funding deficiency has been incurred or an application has been made to the Secretary of the Treasury for a waiver or modification of the minimum funding standard or an extension of any amortization period under Section 412 of the Code with respect to a Plan, (iii) a Plan or Multiemployer Plan has been or is proposed to be terminated, reorganized, partitioned or declared insolvent under Title IV of ERISA, (iv) proceedings have been instituted to terminate a Plan or (v) Plan, a proceeding has been instituted pursuant to Section 515 of ERISA to collect a material delinquent contribution to a Multiemployer Plan, or any such Credit Party or ERISA Affiliate will incur any material liability (including any contingent or secondary liability) to or on account of the termination of or withdrawal from a Plan or Multiemployer Plan under Sections 4062, 4063, 4201 or 4204 of ERISA, if the occurrence of any of the foregoing events individually or in the aggregate would result in a liability which is materially adverse to the financial condition of the Borrower and its Subsidiaries taken as a whole, or a Credit Party, or would materially adversely affect the ability of the Credit Party to perform its obligations under this Credit Agreement or the Notes, a statement of an Authorized Financial Officer executive officer of a the Credit Party, setting forth details as to such event and the action the applicable Credit Party proposes to take with respect thereto, (b) promptly upon reasonable request of the Administrative Agent, copies of each annual and other report with respect to each Plan and (c) promptly after receipt thereof, a copy of any notice any Credit Party or ERISA Affiliate may receive from the PBGC relating to the PBGC's intention to terminate any Plan or to appoint a trustee to administer any Plan.,

ERISA Compliance and Reports. Furnish to the Administrative Agent (a) as soon as possible, and in any event within 30 thirty (30) days after any executive officer of a Credit Party has knowledge that (i) any Reportable Event with respect to any Plan has occurred, a statement of an executive officer of the Credit Party, setting forth on behalf of such Credit Party details as to such Reportable Event and the action which it proposes to take with respect thereto, together with a copy of the notice, if any, required to be filed of such Reportable Event given to the PBGC, or (ii) an accumulated a failure to satisfy the minimum funding deficiency standard (within the meaning of Section 412 of the Code or Section 302 of ERISA) has been incurred occurred with respect to a Plan or an application has been made to the Secretary of the Treasury for a waiver or modification of the minimum funding standard or an extension of any amortization period under Section 412 of the Code with respect to a Plan, (iii) a Plan subject to Title IV of ERISA or a Multiemployer Plan has been or is proposed to be terminated, reorganized, partitioned or declared insolvent under Title IV of ERISA, (iv) proceedings have been instituted to terminate a Plan or (v) a proceeding has been instituted pursuant subject to Section 515 Title IV of ERISA to collect a delinquent contribution to a Multiemployer PlanERISA, or any such Credit Party or ERISA Affiliate will incur has incurred any liability (including any contingent or secondary liability) to or on account of the termination of or withdrawal from a Plan or Multiemployer Plan under Sections 4062, 4063, 4201 or 4204 of ERISA, if the occurrence of any of the foregoing events individually or in the aggregate would result in a liability which is materially adverse to the financial condition of the Borrower and its Subsidiaries taken as a whole, or a Credit Party, or would materially adversely affect the ability of the Credit Party to perform its obligations under this Credit Agreement or the Notes, a statement of an Authorized Financial Officer executive officer of a the Credit Party, setting forth details as to such event and the action the applicable Credit Party proposes to take with respect thereto, thereto and (b) promptly upon reasonable request of the Administrative Agent, copies of each annual and other report with respect to each Plan and (c) promptly after receipt thereof, a copy of any notice any Credit Party or ERISA Affiliate may receive from the PBGC relating to the PBGC's ’s intention to terminate any Plan subject to Title IV of ERISA or to appoint a trustee to administer any such Plan.

ERISA Compliance and Reports. Furnish to the Administrative Agent (a) as soon as possible, and in any event within 30 thirty (30) days after any executive officer of a Credit Party has knowledge that (i) any Reportable Event with respect to any Plan has occurred, a statement of an executive officer of the Credit Party, setting forth on behalf of such Credit Party details as to such Reportable Event and the action which it proposes to take with respect thereto, together with a copy of the notice, if any, required to be filed of such Reportable Event given to the PBGC, or (ii) an accumulated a failure to satisfy the minimum funding deficiency standard (within the meaning of Section 412 of the Code or Section 302 of ERISA) has been incurred occurred with respect to a Plan or an application has been made to the Secretary of the Treasury for a waiver or modification of the minimum funding standard or an extension of any amortization period under Section 412 of the Code with respect to a Plan, (iii) a Plan subject to Title IV of ERISA or a Multiemployer Plan has been or is proposed to be terminated, reorganized, partitioned or declared insolvent under Title IV of ERISA, (iv) proceedings have been instituted to terminate a Plan or (v) a proceeding has been instituted pursuant subject to Section 515 Title IV of ERISA to collect a delinquent contribution to a Multiemployer PlanERISA, or any such Credit Party or ERISA Affiliate will incur has incurred any liability (including any contingent or secondary liability) to or on account of the termination of or withdrawal from a Plan or Multiemployer Plan under Sections 4062, 4063, 4201 or 4204 of ERISA, if the occurrence of any of the foregoing events individually or in the aggregate would result in a liability which is materially adverse to the financial condition of the Borrower and its Subsidiaries taken as a whole, or a Credit Party, or would materially adversely affect the ability of the Credit Party to perform its obligations under this Credit Agreement or the Notes, a statement of an Authorized Financial Officer executive officer of a the Credit Party, setting forth details as to such event and the action the applicable Credit Party proposes to take with respect thereto, and (b) promptly upon reasonable request of the Administrative Agent, copies of each annual and other report with respect to each Plan and (c) promptly after receipt thereof, a copy of any notice any Credit Party or ERISA Affiliate may receive from the PBGC relating to the PBGC's ’s intention to terminate any Plan subject to Title IV of ERISA or to appoint a trustee to administer any such Plan.

ERISA Compliance and Reports. Furnish to the Administrative Agent (a) as soon as possible, and in any event within 30 days after any Credit Party has knowledge that (i) any Reportable Event with respect to any Plan has occurred, a statement of an executive officer of the Credit Party, setting forth on behalf of such Credit Party details as to such Reportable Event and the action which it proposes to take with respect thereto, together with a copy of the notice, if any, required to be filed of such Reportable Event given to the PBGC, (ii) an accumulated funding deficiency has been incurred or an application has been made to the Secretary of the Treasury for a waiver or modification of the minimum funding standard or an extension of any amortization period under Section 412 of the Code with respect to a Plan, (iii) a Plan or Multiemployer Plan has been or is proposed to be terminated, reorganized, partitioned or declared insolvent under Title IV of ERISA, (iv) proceedings have been instituted to terminate a Plan or (v) a proceeding has been instituted pursuant to Section 515 of ERISA to collect a delinquent contribution to a Multiemployer Plan, or any such Credit Party or ERISA Affiliate will incur any liability (including any contingent or secondary liability) to or on account of the termination of or withdrawal from a Plan or Multiemployer Plan under Sections 4062, 4063, 4201 or 4204 of ERISA, if the occurrence of any of the foregoing events individually or in the aggregate would result in a liability which is materially adverse to the financial condition of the Borrower and its Subsidiaries taken as a whole, or a Credit Party, or would materially adversely affect the ability of the Credit Party to perform its obligations under this Credit Agreement or the Notes, a statement of an Authorized Financial Officer of a Credit Party, setting forth details as to such event and the action the applicable Credit Party proposes to take with respect thereto, (b) promptly upon reasonable request of the Administrative Agent, copies of each annual and other report with respect to each Plan and (c) promptly after receipt thereof, a copy of any notice any Credit Party or ERISA Affiliate may receive from the PBGC relating to the PBGC's ’s intention to terminate any Plan or to appoint a trustee to administer any Plan.