ERISA Matters. Promptly notify Lender of (x) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 7 contracts
Samples: Loan and Security Agreement (Sri Surgical Express Inc), Loan and Security Agreement (Seven Arts Pictures PLC), Loan and Security Agreement (Sri Surgical Express Inc)
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“"Plan”") covering any officers or employees of the Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 6 contracts
Samples: Loan and Security Agreement (Obsidian Enterprises Inc), Loan and Security Agreement (Tarpon Industries, Inc.), Loan and Security Agreement (American Church Mortgage Co)
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 5 contracts
Samples: Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Perry-Judds Inc)
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“"Plan”") covering any officers or employees of the such Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 5 contracts
Samples: Loan and Security Agreement (Novitron International Inc), Loan and Security Agreement (Smithway Motor Xpress Corp), Loan and Security Agreement (Numatics Inc)
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“Plan”"PLAN") covering any officers or employees of the Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 4 contracts
Samples: Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Cohen Phillip Ean)
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the Borrowersuch Credit Party, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 2 contracts
Samples: Loan and Security Agreement (Omni Energy Services Corp), Loan and Security Agreement (Omni Energy Services Corp)
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“"Plan”") covering any officers or employees of the Borrowersuch Company, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 2 contracts
Samples: Loan and Security Agreement (Polyair Inter Pack Inc), Loan and Security Agreement (Easy Gardener Products LTD)
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“Plan”"PLAN") covering any officers or employees of the Borrowersuch Obligor, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Sl Industries Inc)
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “------------- "reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“"Plan”") covering any officers or employees of the Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (Cobra Electronics Corp)
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“"Plan”") covering any officers or employees of the Borrowersuch Loan Party or its Subsidiaries, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (Poindexter J B & Co Inc)
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the Borrowerany US Company, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt by any US Company of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the Borrowersuch Loan Party, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (Coachmen Industries Inc)
ERISA Matters. Promptly notify Lender Administrative Agent of (x) the occurrence of any “reportable event” (as defined in ERISA) Reportable Event which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (TPG Pace Holdings Corp.)
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“"Plan”") covering any officers or employees of the such Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee trust therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (Amcon Distributing Co)
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“"Plan”") covering any officers or employees of the Borrowera Borrower or a Guarantor, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (Medical Technology Systems Inc /De/)
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “-------------- "reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“"Plan”") covering any officers or employees of the Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor therefore or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
ERISA Matters. Promptly notify Lender of (x) the ------------- occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“"Plan”") covering any officers or employees of the Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (Gibraltar Packaging Group Inc)
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “reportable event” (as defined in ERISA) Reportable Event which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“Plan”"PLAN") covering any officers or employees of the such Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
ERISA Matters. Promptly notify Lender Agent of (xi) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the Borrowerany Credit Party or Subsidiary, any benefits of which are, or are required to be, guaranteed by the PBGC, (yii) receipt of any notice from the PBGC of its intention to seek the termination of any Plan or appointment of a trustee therefor or (ziii) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor therefore or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the such Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee trust therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (Amcon Distributing Co)
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the BorrowerBorrowers, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (Coast Distribution System Inc)
ERISA Matters. Promptly notify Lender Administrative Agent of (x) the occurrence of any “reportable event” (as defined in ERISA) Reportable Event which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the such Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (Manitex International, Inc.)
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the Borrowerany Company, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt by any Company of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
ERISA Matters. Promptly notify Lender the Buyers of (x) the occurrence of any “reportable event” (as defined in ERISA) ), which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the Borrowersuch Person, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “reportable event” (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the such Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (Wells Gardner Electronics Corp)
ERISA Matters. Promptly notify Lender Administrative Agent of (x) the occurrence of any “reportable event” (as defined in ERISA) Reportable Event which might result in the termination by the Pension Benefit Guaranty Corporation (the “PBGC”) of any employee benefit plan (“Plan”) covering any officers or employees of the BorrowerAccel Inc. and/or any Subsidiary, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (TPG Pace Holdings Corp.)
ERISA Matters. Promptly notify Lender of (x) the occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“Plan”"PLAN") covering any officers or employees of the Parent or any Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
Samples: Loan and Security Agreement (DHB Capital Group Inc /De/)
ERISA Matters. Promptly notify Lender Agent of (x) the occurrence of any “"reportable event” " (as defined in ERISA) which might result in the termination by the Pension Benefit Guaranty Corporation (the “"PBGC”") of any employee benefit plan (“Plan”) Plan covering any officers or employees of the Parent or any Borrower, any benefits of which are, or are required to be, guaranteed by the PBGC, (y) receipt of any notice from the PBGC of its intention to seek termination of any Plan or appointment of a trustee therefor or (z) its intention to terminate or withdraw from any Plan.
Appears in 1 contract
