Common use of ERISA Plan Assets Clause in Contracts

ERISA Plan Assets. Each Loan Party agrees to promptly notify the Administrative Agent if it knows that its assets constitute or may reasonably be expected to constitute ERISA Plan assets as advised by counsel.

ERISA Plan Assets. Each Loan Party Borrower agrees to promptly notify the Administrative Agent if it knows that its the assets of any Loan Party constitute or may reasonably be expected to constitute ERISA “plan assets” within the meaning of the Plan assets as advised by counselAsset Regulation.

ERISA Plan Assets. Each Loan Party agrees to promptly notify the Administrative Agent if it knows that its the assets of such Loan Party constitute or may reasonably be expected to constitute ERISA “plan assets” of any “benefit plan investor” within the meaning of the Plan assets Asset Regulation, as advised by counselcounsel to such Loan Party.