ERISA Covenants. Borrower shall, and shall cause each ERISA Affiliate to, comply with all applicable provisions of ERISA and all other laws applicable to any deferred compensation plans with which Borrower or any ERISA Affiliate is associated, the failure with which to comply would have a material adverse effect on Borrower's business or financial condition and shall promptly notify Lender of the occurrence of any event that could result in any material liability of Borrower to any person to any person whatsoever with respect to any such plan.
Appears in 6 contracts
Samples: Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (Physician Health Corp)
ERISA Covenants. Borrower shall, and shall cause each ERISA Affiliate to, comply with all applicable provisions of ERISA and all other laws applicable to any deferred compensation plans with which Borrower or any ERISA Affiliate is associated, the failure with which to comply would have a material adverse effect on Borrower's business or financial condition and shall promptly notify Lender of the occurrence of any event that could result in any material liability of Borrower to any person to any person whatsoever with respect to any such plan.
Appears in 3 contracts
Samples: Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (American Shared Hospital Services), Loan and Security Agreement (U S Diagnostic Inc)
