Common use of ERISA Funding and Termination Clause in Contracts

ERISA Funding and Termination. Permit (a) the funding requirements of ERISA with respect to any employee plan to be less than the minimum required by ERISA at any time, or (b) any employee plan to be subject to involuntary termination proceedings at any time.

Appears in 15 contracts

Samples: Loan Agreement (Adcare Health Systems Inc), Loan Agreement (Adcare Health Systems Inc), Term Loan Agreement (Adcare Health Systems Inc)

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ERISA Funding and Termination. Permit (a) the funding requirements of ERISA with respect to any employee plan to be less than the minimum required by ERISA at any time, or (b) any employee plan to be subject to involuntary termination proceedings at any time.

Appears in 2 contracts

Samples: Loan Agreement (Balanced Care Corp), Loan Agreement (Balanced Care Corp)

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ERISA Funding and Termination. Permit (a) the funding ------------------------------ requirements of ERISA with respect to any employee plan to be less than the minimum required by ERISA at any time, or (b) any employee plan to be subject to involuntary termination proceedings at any time.

Appears in 1 contract

Samples: Loan Agreement (Worldwide Medical Corp/Ca/)

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