Common use of ERISA Funding and Termination Clause in Contracts

ERISA Funding and Termination. Credit Parties will not permit (a) the funding requirements of ERISA with respect to any Employee Plan ever to be less than the minimum required by ERISA or (b) any Employee Plan ever to be subject to involuntary termination proceedings.

Appears in 4 contracts

Samples: Credit Agreement (Colonial Properties Trust), Credit Agreement (Monarch Properties Inc), Credit Agreement (Colonial Realty Limited Partnership)

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ERISA Funding and Termination. Credit Parties Borrower will not permit (a) the funding requirements of ERISA with respect to any Employee Plan ever employee plan to be less than the minimum required by ERISA at any time, or (b) any Employee Plan ever employee plan to be subject to involuntary termination proceedingsproceedings at any time.

Appears in 1 contract

Samples: Term Loan Agreement (Cyanotech Corp)

ERISA Funding and Termination. Credit Parties The Company and the REIT will not permit (a) the funding requirements of ERISA with respect to any Employee Plan ever to be less than the minimum required by ERISA or (b) any Employee Plan ever to be subject to involuntary termination proceedings.

Appears in 1 contract

Samples: Guaranty Agreement (Colonial Properties Trust)

ERISA Funding and Termination. Credit Parties The Borrower will not permit (a) the funding requirements of ERISA with respect to any Employee Plan ever to be less than the minimum required by ERISA or (b) any Employee Plan ever to be subject to involuntary termination proceedings.

Appears in 1 contract

Samples: Credit Agreement (Infinity Property & Casualty Corp)

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ERISA Funding and Termination. Credit Parties Borrower will not permit (a) the funding requirements of ERISA with respect to any Employee Plan ever to be less than the minimum required by ERISA or (b) any Employee Plan ever to be subject to involuntary termination proceedings.

Appears in 1 contract

Samples: Credit Agreement (Nichols Research Corp /Al/)

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