Common use of ERISA Plans Clause in Contracts

ERISA Plans. The occurrence of any one or more of the following events with respect to the Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrower's full or partial withdrawal from a Plan.

Appears in 12 contracts

Samples: Business Loan Agreement (Grease Monkey Holding Corp), Business Loan Agreement (Dura Pharmaceuticals Inc/Ca), Business Loan Agreement (Sport Chalet Inc)

AutoNDA by SimpleDocs

ERISA Plans. The occurrence of any one or more of the following events with respect to the BorrowerCompany, provided such event or events could reasonably be expected, in the judgment of the BankAdministrative Agent, to subject the Borrower Company to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower Company with respect to a Plan: : (a) A reportable event Reportable Event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank Administrative Agent likely to result in the termination of such Plan for purposes of Title IV of ERISA. ; or (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the BorrowerCompany's full or partial withdrawal from a Plan; or 8.

Appears in 6 contracts

Samples: Credit Agreement (Bedford Property Investors Inc/Md), Unsecured Credit Agreement (Bedford Property Investors Inc/Md), Credit Agreement (Bedford Property Investors Inc/Md)

ERISA Plans. The occurrence of any one or more of the following events with respect to the any Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the any Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the any Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the a Borrower's full or partial withdrawal from a Plan.

Appears in 3 contracts

Samples: Business Loan Agreement (Educational Medical Inc), Business Loan Agreement (Educational Medical Inc), Business Loan Agreement (Educational Medical Inc)

ERISA Plans. The occurrence of any one or more of the following events with respect to the Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank Bank, likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrower's full or partial withdrawal from a Plan.

Appears in 3 contracts

Samples: Business Loan Agreement (Sunrise Preschools Inc/De/), Business Loan Agreement (Ba Merchant Services Inc), Business Loan Agreement (Temtex Industries Inc)

ERISA Plans. The occurrence of any one or more of the following events event(s) with respect to the BorrowerBorrower or any Material Borrower Entity, provided such event or events event(s) could reasonably be expected, in the judgment of the BankAgent, to subject the Borrower or such Material Borrower Entity to any tax, penalty or liability (or any combination of the foregoing) which, which in the aggregate, aggregate could have a material adverse effect Material Adverse Effect on the financial condition of the Borrower or such Material Borrower Entity with respect to a Plan: (a) A reportable event shall occur occurs with respect to a Plan which is, in the reasonable judgment of the Bank likely to Agent may result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrower's 's, or any Material Borrower Entity's, full or partial withdrawal from a Plan.

Appears in 2 contracts

Samples: Unsecured Line of Credit Loan Agreement (Bre Properties Inc /Md/), Unsecured Line of Credit Loan Agreement (Bre Properties Inc /Md/)

ERISA Plans. The occurrence of any one or more of the following events with respect to the Borrowerany Company, provided such event or events could reasonably be expected, in the reasonable judgment of the Bank, to subject the Borrower any Company to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have constitute a material adverse effect on the financial condition of the Borrower with respect to a PlanMaterial Adverse Effect: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrowerany Company's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Fresh America Corp)

ERISA Plans. The occurrence occurrences of any one or more of the following events with respect to the Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank Bank, likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Ventana Medical Systems Inc)

ERISA Plans. The occurrence of any one or more of the following events with respect to the BorrowerCompany, provided such event or events could reasonably be expected, in the judgment of the BankAdministrative Agent, to subject the Borrower Company to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower Company with respect to a Plan: (a) A reportable event Reportable Event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank Administrative Agent likely to result in the termination of such Plan for purposes of Title IV of ERISA.; or (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrower's Company’s full or partial withdrawal from a Plan.; or

Appears in 1 contract

Samples: Credit Agreement (Bedford Property Investors Inc/Md)

ERISA Plans. The occurrence of any one or more of the following events with respect to the Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank Bank, likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan plan termination (or commencement of proceedings any proceeding to terminate a Plan) or the Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Mobility Electronics Inc)

ERISA Plans. The occurrence of any one or more of the following events with respect to the Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment judgement of the Bank likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Tab Products Co)

ERISA Plans. The occurrence of any one or more of the following events with respect to the Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Flir Systems Inc)

ERISA Plans. The occurrence of any one or more of the following ----------- events with respect to the any Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the such Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the such Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the such Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Kinetics Group Inc)

AutoNDA by SimpleDocs

ERISA Plans. The occurrence of any one or more of the following events with respect to the any Borrower, provided such event or events could reasonably be expected, in the judgment of the BankRequired Lenders, to subject the any Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have heave a material adverse effect on the financial condition of the any Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank Required Lenders likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the a Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Quest Education Corp)

ERISA Plans. The occurrence of any one or more of the following events with respect to the Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan Plan, which is, in the reasonable judgment of the Bank Bank, likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Advanced Machine Vision Corp)

ERISA Plans. The occurrence of any one or more of the following events with respect to the Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Hawker Pacific Aerospace)

ERISA Plans. The occurrence of any one or more of the following events with respect to the any Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the such Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the such Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the such Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Agribiotech Inc)

ERISA Plans. The occurrence of any one or more of the following events with respect to the Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which that is, in the reasonable judgment of the Bank Bank, likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Garcia Ernest C Ii)

ERISA Plans. The occurrence of any one or more of the following events with respect to the Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) Plan or the Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Flir Systems Inc)

ERISA Plans. The occurrence of any one or more of the following events with respect to the any Borrower, provided such event or events could reasonably be expected, in the judgment of the Bank, to subject the such Borrower to any tax, penalty or liability (or any combination of the foregoing) which, in the aggregate, could have a material adverse effect on the financial condition of the such Borrower with respect to a Plan: (a) A reportable event shall occur with respect to a Plan which is, in the reasonable judgment of the Bank Bank, likely to result in the termination of such Plan for purposes of Title IV of ERISA. (b) Any Plan termination (or commencement of proceedings to terminate a Plan) or the such Borrower's full or partial withdrawal from a Plan.

Appears in 1 contract

Samples: Business Loan Agreement (Sunquest Information Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!