ERISA Reportable Events. Borrower shall furnish to Lender: (a) as soon as possible, but in no event later than thirty (30) days after Borrower knows or has reason to know that nay Reportable Event with respect to any Benefit Plan has occurred, a statement of the Chief Financial Officer of Borrower setting forth the details concerning such Reportable Event and the action which Borrower proposes to take with respect thereto, together with a copy of the notice of such Reportable Event given to the PBGC, if a copy of such notice is available to Borrower, (b) upon the request of Lender, copies of each annual report with respect to each Benefit Plan, (c) promptly after receipt thereof, a copy of any notice of any potential material liability, adverse determination letter, ruling or opinion Borrower may receive from the PBGC or the Internal Revenue Service with respect to any Benefit Plan, (d) upon the request of Lender, all notices of a significant reduction in the rate of benefit accrual or plan termination to the participants by the administrator of such Benefit Plan, and (e) promptly after receipt thereof, any notice from any Multi Employer Plan to which Borrower or any ERISA Affiliate of Borrower contributes which quantifies any actual or potential withdrawal liability which will or may be imposed upon the withdrawal of Borrower or any ERISA Affiliate of Borrower from such Multi Employer Plan."
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Samples: Loan Agreement (Minuteman International Inc), Loan Agreement (Minuteman International Inc), Loan Agreement (Minuteman International Inc)
ERISA Reportable Events. Borrower shall furnish to Lender: (a) as soon as possible, but in no event later than thirty (30) days after Borrower it knows or has reason to know that nay any Reportable Event with respect to any Benefit Plan has occurred, a statement of the Chief Financial Executive Officer of Borrower setting forth the details concerning such Reportable Event and the action which Borrower it proposes to take with respect thereto, together with a copy of the notice of such Reportable Event given to the PBGC, if a copy of such notice is available to Borrower, ; (b) upon request by Lender, promptly after the request of Lenderfiling thereof with the United States Internal Revenue Service or the PBGC, copies of each annual report with respect to each Benefit Plan, ; (c) promptly after receipt thereof, a copy of any notice of any potential material liability, adverse determination letter, ruling or opinion Borrower it may receive from the PBGC or the Internal Revenue Service with respect to any Benefit Plan, ; (d) upon when the request of Lendersame is made available to participants in a Benefit Plan, all notices of a significant reduction in the rate of benefit accrual or plan termination to the participants by the administrator of such Benefit Plan, ; and (e) promptly after receipt thereof, any notice from any Multi Employer Multiemployer Plan to which Borrower it or any of its ERISA Affiliate of Borrower Affiliates contributes which quantifies any actual or potential withdrawal liability which will or may be imposed upon the withdrawal of Borrower or any ERISA Affiliate of Borrower from such Multi Employer Multiemployer Plan."
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Samples: Loan and Security Agreement (Spincycle Inc), Loan and Security Agreement (Spincycle Inc)
ERISA Reportable Events. Borrower shall furnish to LenderAgent: (a) as soon as possible, but in no event later than thirty (30) days after any executive officer of Borrower knows has knowledge of or has reason to know that nay any Reportable Event with respect to any Benefit Plan has occurred, a statement of the Chief Financial Officer chief financial officer of Borrower setting forth the details concerning such Reportable Event and the action which Borrower proposes to take with respect thereto, together with a copy of the notice of such Reportable Event given to the PBGC, if a copy of such notice is available to Borrower, ; (b) upon promptly after the request of Lenderfiling thereof with the United States Internal Revenue Service or the PBGC, copies of each annual report with respect to each Benefit Plan, ; (c) promptly after receipt thereof, a copy of any notice of any potential material liability, adverse determination letter, ruling or opinion Borrower may receive from the PBGC or the Internal Revenue Service with respect to any Benefit Plan, ; (d) upon when the request of Lendersame is made available to participants in a Benefit Plan, all notices of a significant reduction in the rate of benefit accrual or plan termination to the participants by the administrator of such Benefit Plan, ; and (e) promptly after receipt thereof, any notice from any Multi Employer Multiemployer Plan to which Borrower or any ERISA Affiliate of Borrower contributes which quantifies any actual or potential withdrawal liability which will or may be imposed upon the withdrawal of the Borrower or any ERISA Affiliate of Borrower from such Multi Employer Multiemployer Plan."
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Samples: Loan Agreement (Magna Group Inc)
ERISA Reportable Events. Borrower Borrowers shall furnish to LenderAgent: (a) as soon as possible, but in no event later than thirty (30) days after any Borrower knows or has reason to know that nay any Reportable Event with respect to any Benefit Plan has occurred, a statement of the Chief Financial Officer of such Borrower setting forth the details concerning such Reportable Event and the action which Borrower proposes Borrowers propose to take with respect thereto, together with a copy of the notice of such Reportable Event given to the PBGC, if a copy of such notice is available to Borrower, Borrowers; (b) upon promptly after the request of Lenderfiling thereof with the United States Internal Revenue Service or the PBGC, copies of each annual report with respect to each Benefit Plan, ; (c) promptly after receipt thereof, a copy of any notice of any potential material liability, adverse determination letter, ruling or opinion any Borrower may receive from the PBGC or the Internal Revenue Service with respect to any Benefit Plan, ; (d) upon when the request of Lendersame is made available to participants in a Benefit Plan, all notices of a significant reduction in the rate of benefit accrual or plan termination to the participants by the administrator of such Benefit Plan, ; and (e) promptly after receipt thereof, any notice from any Multi Employer Multiemployer Plan to which any Borrower or any ERISA Affiliate of such Borrower contributes which quantifies any actual or potential withdrawal liability which will or may be imposed upon the withdrawal of any Borrower or any ERISA Affiliate of such Borrower from such Multi Employer Multiemployer Plan."
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Samples: Loan and Security Agreement (Westell Technologies Inc)
ERISA Reportable Events. Borrower shall furnish to LenderAgent: (a) as soon ----------------------- as possible, but in no event later than thirty (30) days after Borrower knows or has reason to know that nay any material Reportable Event with respect to any Benefit Plan of Borrower or of any Subsidiary has occurred, a statement of the Chief Financial Officer chief financial officer of Borrower such Person setting forth the details concerning such Reportable Event and the action which Borrower proposes to take with respect thereto, together with a copy of the notice of such Reportable Event given to the PBGC, if a copy of such notice is available to Borrower, ; (b) upon promptly after the request of Lenderfiling thereof with the United States Internal Revenue Service or the PBGC, copies of each annual report with respect to each Benefit Plan, ; (c) promptly after receipt thereof, a copy of any notice of any potential material liability, adverse determination letter, ruling or opinion Borrower may receive received from the PBGC or the Internal Revenue Service with respect to any Benefit Plan, ; (d) upon when the request of Lendersame is made available to participants in a Benefit Plan, all notices of a significant reduction in the rate of benefit accrual or plan termination to the participants by the administrator of such Benefit Plan, ; and (e) promptly after receipt thereof, any notice from any Multi Employer Multiemployer Plan to which Borrower or any ERISA Affiliate of Borrower or its Subsidiaries contributes which quantifies any actual or potential withdrawal liability which will or may be imposed upon the withdrawal of Borrower or any ERISA Affiliate of such Borrower or its Subsidiaries from such Multi Employer Multiemployer Plan."
Appears in 1 contract
Samples: Loan and Security Agreement (Material Sciences Corp)
ERISA Reportable Events. Borrower shall furnish to Lender: (a) as soon as possible, but in no event later than thirty (30) days after Borrower knows or has reason to know that nay any Reportable Event with respect to any Benefit Plan has occurred, a statement of the Chief Financial Officer of Borrower setting forth the details concerning such Reportable Event and the action which Borrower proposes to take with respect thereto, together with a copy of the notice of such Reportable Event given to the PBGC, if a copy of such notice is available to Borrower, ; (b) upon promptly after the request of Lenderfiling thereof with the United States Internal Revenue Service or the PBGC, copies of each annual report with respect to each Benefit Plan, ; (c) promptly after receipt thereof, a copy of any notice of any potential material liability, adverse determination letter, ruling or opinion Borrower may receive from the PBGC or the Internal Revenue Service with respect to any Benefit Plan, ; (d) upon when the request of Lendersame is made available to participants in a Benefit Plan, all notices of a significant reduction in the rate of benefit accrual or plan termination to the participants by the administrator of such Benefit Plan, ; and (e) promptly after receipt thereof, any notice from any Multi Employer Plan to which Borrower or any ERISA Affiliate of Borrower contributes which quantifies any actual or potential withdrawal liability which will or may be imposed upon the withdrawal of the Borrower or any ERISA Affiliate of Borrower from such Multi Employer Plan."
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