Common use of ERISA; Pension Plans Clause in Contracts

ERISA; Pension Plans. (1) Any Loan Party or any Loan Party Affiliate fails to make full payment when due of all amounts which, under the provisions of any Pension Plan or Section 412 of the IRC, any Loan Party or any Loan Party Affiliate is required to pay as contributions thereto and such failure results in or is likely to result in a Material Adverse Effect; or (2) an accumulated funding deficiency in excess of $200,000 occurs or exists, whether or not waived, with respect to any Borrower Plan; or (3) a Termination Event occurs which results in or is likely to result in a Material Adverse Effect; or

ERISA; Pension Plans. (1) Any Corporate Loan Party or any Loan Party ERISA Affiliate fails to make full payment when due of all amounts which, under the provisions of any Pension Plan or Section 412 of the IRC, any Corporate Loan Party or any Loan Party ERISA Affiliate is required to pay as contributions thereto and such failure results in or is likely to result in a Material Adverse Effect; or (2) an accumulated funding deficiency in excess of $200,000 100,000 occurs or exists, whether or not waived, with respect to any Borrower Pension Plan; or (3) a Termination Event occurs which results in or is likely to result in a Material Adverse Effect; or

ERISA; Pension Plans. (1) Any Loan Party or any Loan Party ERISA Affiliate fails to make full payment when due of all amounts which, under the provisions of any Pension Plan or Section 412 of the IRC, any Loan Party or any Loan Party ERISA Affiliate is required to pay as contributions thereto and such failure results in or is likely to result in a Material Adverse Effect; or (2) an accumulated funding deficiency in excess of $200,000 100,000 occurs or exists, whether or not waived, with respect to any Borrower Pension Plan; or (3) a an ERISA Termination Event occurs which results in or is likely to result in a Material Adverse Effect; or