ERISA Matters. The Borrower will not (a) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; (b) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (c) fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (d) terminate any Benefit Plan so as to result in any liability; or (e) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 41 contracts
Samples: Fifth Amended and Restated Credit Agreement (Gladstone Investment Corporation\de), Credit Agreement (Gladstone Investment Corporation\de), Credit Agreement (Gladstone Capital Corp)
ERISA Matters. The Borrower Seller will not (a) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; , (b) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; , (c) fail to make any payments to a Multiemployer Plan that the Borrower Seller or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; , (d) terminate any Benefit Plan so as to result in any liability; , or (e) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 39 contracts
Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)
ERISA Matters. The Borrower will not not: (ai) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; (bii) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (ciii) fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (div) terminate any Benefit Plan so as to result in any liability; or (ev) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 33 contracts
Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)
ERISA Matters. The Borrower will not (a) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; , (b) permit to exist any accumulated failure to satisfy the minimum funding deficiency, as defined in standard within the meaning of Section 302(a) of ERISA and or Section 412(a) of the Code, or funding deficiency Code with respect to any Benefit Pension Plan other than a Multiemployer Plan; , (c) fail to make or permit any ERISA Affiliate to fail to make, any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; , (d) terminate any Benefit Pension Plan so as to result in any liability; , or (e) permit to exist any occurrence of any reportable event described Reportable Event with respect to a Pension Plan, in Title IV of ERISAeach case that would result in material liability to the Borrower.
Appears in 10 contracts
Samples: Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Palmer Square Capital BDC Inc.), Loan and Security Agreement (Crescent Capital BDC, Inc.)
ERISA Matters. The Borrower will not (a) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; (b) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (c) fail or permit any ERISA Affiliate to fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (d) terminate any Benefit Plan so as to result in any liabilityliability that is not paid in full in connection with such termination; or (e) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 6 contracts
Samples: Credit Agreement (Runway Growth Finance Corp.), Credit Agreement (Runway Growth Finance Corp.), Credit Agreement (Runway Growth Finance Corp.)
ERISA Matters. The Borrower Seller will not (a) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; (b) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (c) fail to make any payments to a Multiemployer Plan that the Borrower Seller or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (d) terminate any Benefit Plan so as to result in any liability; or (e) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 6 contracts
Samples: Loan Purchase and Servicing Agreement (First International Bancorp Inc), Receivables Purchase Agreement (Fidelity Leasing Inc), Receivables Purchase Agreement (Fidelity Leasing Inc)
ERISA Matters. The Borrower will not not: (ai) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; (bii) permit to exist any accumulated failure to satisfy minimum funding deficiencystandards, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (ciii) fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (div) terminate any Benefit Plan so as to result in any liability; or (ev) permit to exist any occurrence of any “reportable event described event” as defined in Title IV Section 4043 of ERISA.
Appears in 5 contracts
Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)
ERISA Matters. The Borrower will not (a) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; , (b) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; , (c) fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; , (d) terminate any Benefit Plan so as to result in any liability; , or (e) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 4 contracts
Samples: Secured Loan and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp)
ERISA Matters. The Borrower will not (ai) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; , (bii) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; , (ciii) fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; , (div) terminate any Benefit Plan so as to result in any liability; liability or (ev) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 2 contracts
Samples: Loan and Security Agreement (DT Acceptance Corp), Loan and Security Agreement (DT Acceptance Corp)
ERISA Matters. The Borrower Seller will not (a) engage or permit any ERISA ------------- Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; (b) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (c) fail to make any payments to a Multiemployer Plan that the Borrower Seller or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (d) terminate any Benefit Plan so as to result in any liability; or (e) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Bankvest Capital Corp), Loan Purchase and Servicing Agreement (First International Bancorp Inc)
ERISA Matters. The Borrower will not not: (ai) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has 56 not previously been obtained from the United States Department of Labor; (bii) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (ciii) fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (div) terminate any Benefit Plan so as to result in any liability; or (ev) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corp)
ERISA Matters. The Borrower Seller will not (ai) engage or permit any ERISA Affiliate to engage in any prohibited transaction under Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available or has not previously been obtained from the United States Department of Labor; , (bii) permit to exist any accumulated failure to satisfy the minimum funding deficiency, as defined standard in Section 302(a) of ERISA and or Section 412(a) of the Code, Code or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; , (ciii) fail to make any payments to a Multiemployer Plan that the Borrower Seller or any ERISA Affiliate may be is required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; , (div) terminate any Benefit Plan so as to result in any liability; liability or (ev) permit to exist any occurrence of any reportable event described in Title IV of ERISAwith respect to any Benefit Plan.
Appears in 1 contract
Samples: Purchase and Contribution Agreement (Flagship Credit Corp.)
ERISA Matters. The Borrower will not not: (ai) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States U.S. Department of Labor; (bii) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (ciii) fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (div) terminate any Benefit Plan so as to result in any liability; or (ev) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corp)
ERISA Matters. The Borrower Seller will not (ai) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; , (bii) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; , (ciii) fail to make any payments to a Multiemployer Plan that the Borrower Seller or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; , (div) terminate any Benefit Plan so as to result in any liability; or , (ev) permit to exist any occurrence of any reportable event described in Title IV Reportable Event or (vi) otherwise violate the provisions of ERISAERISA or the Code with respect to any Benefit Plan.
Appears in 1 contract
Samples: Loan Purchase and Repurchase Agreement (Arbor Realty Trust Inc)
ERISA Matters. The Borrower will not not: (ai) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; (bii) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (ciii) fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or 57 any law pertaining thereto; (div) terminate any Benefit Plan so as to result in any liability; or (ev) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 1 contract
Samples: Loan and Security Agreement (Credit Acceptance Corporation)
ERISA Matters. The Borrower Seller will not (a) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; (b) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of 56 62 the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (c) fail to make any payments to a Multiemployer Plan that the Borrower Seller or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (d) terminate any Benefit Plan so as to result in any liability; or (e) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 1 contract
Samples: Loan Purchase and Servicing Agreement (First International Bancorp Inc)
ERISA Matters. The Borrower will not (ai) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; (bii) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (ciii) fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (div) terminate any Benefit Plan so as to result in any liability; or (e) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 1 contract
Samples: Receivables Credit Agreement (Fidelity Leasing Inc)
ERISA Matters. The Borrower will Seller shall not (ai) engage or permit any ERISA Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; , (bii) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; , (ciii) fail to make any payments to a Multiemployer Plan that the Borrower Seller or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; , (div) terminate any Benefit Plan so as to result in any liability; or , (ev) permit to exist any occurrence of any reportable event described in Title IV Reportable Event, or (vi) otherwise violate the provisions of ERISAERISA or the Code with respect to any Benefit Plan.
Appears in 1 contract
Samples: Mortgage Loan Purchase Agreement (CBRE Realty Finance Inc)
ERISA Matters. The Borrower will not (a) engage or permit any ERISA ------------- Affiliate to engage in any prohibited transaction for which an exemption is not available or has not previously been obtained from the United States Department of Labor; (b) permit to exist any accumulated funding deficiency, as defined in Section 302(a) of ERISA and Section 412(a) of the Code, or funding deficiency with respect to any Benefit Plan other than a Multiemployer Plan; (c) fail to make any payments to a Multiemployer Plan that the Borrower or any ERISA Affiliate may be required to make under the agreement relating to such Multiemployer Plan or any law pertaining thereto; (d) terminate any Benefit Plan so as to result in any liability; or (e) permit to exist any occurrence of any reportable event described in Title IV of ERISA.
Appears in 1 contract
Samples: Loan Funding and Servicing Agreement (Healthcare Financial Partners Inc)