ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Banks determine could have a Material Adverse Effect, or (b) results in a Lien on any of the assets of any Company in excess of the greater of (i) Fifty Million Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets.
Appears in 7 contracts
Samples: Credit Agreement (Nordson Corp), Credit Agreement (Nordson Corp), Term Loan Facility (Nordson Corp)
ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Banks Lenders reasonably determine could would have a Material Adverse Effect, or (b) results in a Lien on any assets of the assets of any Company Companies in excess of the greater of (i) Fifty Two Million Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets2,000,000).
Appears in 5 contracts
Samples: Credit and Security Agreement (Epiq Systems Inc), Credit and Security Agreement (Epiq Systems Inc), Credit and Security Agreement (Epiq Systems Inc)
ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Banks determine could reasonably be expected to have a Material Adverse Effect, or (b) results in a Lien on any of the assets of any Company in excess excess, for all such Liens, of the greater of (i) Fifty Million Five Hundred Thousand Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets500,000).
Appears in 5 contracts
Samples: Credit Agreement (Davey Tree Expert Co), Credit Agreement (Davey Tree Expert Co), Credit Agreement (Davey Tree Expert Co)
ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Banks Lenders determine could have a Material Adverse Effect, or (b) results in a Lien on any of the assets of any Company in excess of the greater of (i) Fifty Million Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets.
Appears in 4 contracts
Samples: Term Loan Agreement (Nordson Corp), Term Loan Agreement (Nordson Corp), Term Loan Agreement (Nordson Corp)
ERISA Default. The occurrence of one or more ERISA Events that which (a) the Required Majority Banks determine could have a Material Adverse Effectmaterial adverse effect on the financial condition of the Companies when taken as a whole, or (b) results in a Lien on any of the assets of any Company in excess excess, for all such Liens of the greater of (i) Fifty Million Five Hundred Thousand Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets500,000).
Appears in 3 contracts
Samples: Credit Agreement (Park Ohio Industries Inc/Oh), Credit Agreement (Park Ohio Industries Inc), Credit Agreement (Park Ohio Holdings Corp)
ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Majority Banks determine could have a Material Adverse Effectmaterial adverse effect on the financial condition of the Companies when taken as a whole, or (b) results in a Lien on any of the assets of any Company in excess of the greater of (i) Fifty Two Million Five Hundred Thousand Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets2,500,000).
Appears in 2 contracts
Samples: Credit Agreement (Oglebay Norton Co /New/), Loan Agreement (Oglebay Norton Co /New/)
ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Banks determine could have a Material Adverse Effect, or (b) results in a Lien on any of the assets of any Company in excess of the greater of (i) Fifty One Million Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets1,000,000).
Appears in 1 contract
Samples: Credit Agreement (Nordson Corp)
ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Banks determine could have a Material Adverse Effect, or (b) results in a Lien on any of the assets of any Company in excess excess, for all such Liens, of the greater of (i) Two Hundred Fifty Million Thousand Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets250,000).
Appears in 1 contract
ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Banks determine could have a Material Adverse Effect, or (b) results in a Lien on any of the assets of any Company in excess of the greater of (i) Fifty Million Five Hundred Thousand Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets500,000).
Appears in 1 contract
Samples: Credit Agreement (Nordson Corp)
ERISA Default. The occurrence of one or more ERISA Events that which (a) the Required Majority Banks determine could have a Material Adverse Effectmaterial adverse effect on the financial condition of the Companies when taken as a whole, or (b) results in a Lien on any of the assets of any Company in excess of the greater of (i) Fifty Two Million Five Hundred Thousand Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets2,500,000).
Appears in 1 contract
Samples: Credit Agreement (Oglebay Norton Co)
ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Banks determine could have a Material Adverse Effect, or (b) results in a Lien on any of the assets of any Company in excess of the greater of (i) Fifty Twenty Million Dollars ($50,000,00020,000,000) and (ii) an amount equal to three two percent (32%) of Consolidated Total Assets.
Appears in 1 contract
Samples: Credit Agreement (Nordson Corp)
ERISA Default. The occurrence of one or more ERISA Events that which (a) the Required Majority Banks determine could have a Material Adverse Effect, or (b) results in a Lien on any of the assets of any Company in excess excess, for all such Liens, of the greater of (i) Fifty Million Five Hundred Thousand Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets500,000).
Appears in 1 contract
ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Banks determine could have a Material Adverse Effect, or (b) results in a Lien on any of the assets of any Company in excess excess, for all such Liens, of the greater of (i) Fifty Million Five Hundred Thousand Dollars ($50,000,000) and (ii) an amount equal to three percent (3%) of Consolidated Total Assets500,000).
Appears in 1 contract
