ERISA Obligations. (a) Be or become obligated to the PBGC other than in respect of annual premium payments in excess of $50,000. (b) Be or become obligated to the IRS with respect to excise or other penalty taxes provided for in those provisions of Section 4975 of the Code, as in effect or hereafter amended or supplemented, in excess of $50,000.
Appears in 3 contracts
Samples: Credit Agreement (National Consumer Cooperative Bank /Dc/), Loan Agreement (National Consumer Cooperative Bank /Dc/), Loan Agreement (National Consumer Cooperative Bank /Dc/)
ERISA Obligations. (a) Be or become obligated to the PBGC other than in respect of annual premium payments in excess of $50,000.
(b) Be or become obligated to the IRS with respect to excise or other penalty taxes provided for in those provisions of Section 4975 of the Code, as in effect or hereafter amended or supplemented, in excess of $50,000.
Appears in 2 contracts
Samples: Term Loan Agreement (National Consumer Cooperative Bank /Dc/), Term Loan Agreement (National Consumer Cooperative Bank /Dc/)
ERISA Obligations. (a) Be or become obligated to the PBGC in excess of $50,000 other than in respect of annual premium payments in excess of $50,000payments.
(b) Be or become obligated to the IRS in excess of $50,000 with respect to excise or other penalty taxes provided for in those provisions of Section 4975 of the Code, as in effect or hereafter amended or supplemented, in excess of $50,000.
Appears in 2 contracts
Samples: Loan Agreement (A C Moore Arts & Crafts Inc), Loan Agreement (A C Moore Arts & Crafts Inc)
ERISA Obligations. (a) Be or become obligated to the PBGC other than in respect of annual premium payments in excess of $50,000.
(b) Be or become obligated to the IRS with respect to excise or other penalty taxes provided for in those provisions of Section 4975 of the Code, as in effect or hereafter amended or supplemented, in excess of $50,000.
Appears in 1 contract
ERISA Obligations. (a) Be or become obligated to the PBGC other than in respect of annual premium payments in excess of Fifty Thousand ($50,000) Dollars.
(b) Be or become obligated to the IRS with respect to excise or other penalty taxes provided for in those provisions of Section 4975 of the Code, as in effect or hereafter amended or supplemented, in excess of Fifty Thousand ($50,000) Dollars.
Appears in 1 contract
Samples: Loan Agreement (Linc Group Inc)
ERISA Obligations. (a) Be or become obligated to the PBGC other than in respect of annual premium payments not in excess of $50,000.
(b) Be or become obligated to the IRS with respect to excise or other penalty taxes provided for in those provisions of Section 4975 of the Code, as in effect or hereafter amended or supplemented, in excess of $50,000.
Appears in 1 contract
ERISA Obligations. (a) Be The Borrower shall not be or become obligated to the PBGC other than in respect of annual premium payments in excess of $50,000.
(b) Be The Borrower shall not be or become obligated to the IRS with respect to for excise or other penalty taxes provided for in those provisions of Section 4975 of the Code, as in effect or hereafter amended or supplemented, Code in excess of $50,000.
Appears in 1 contract
Samples: Loan Agreement (Dvi Inc)
ERISA Obligations. (a) Be or become obligated to the PBGC other than in respect of annual premium payments not in excess of $50,000.
(b) Be or become obligated to the IRS with respect to excise or other penalty taxes provided for in those provisions of Section 4975 of the Code, as in effect or hereafter amended or supplemented, in excess of $50,000.
Appears in 1 contract
