Common use of ESOP Documents Clause in Contracts

ESOP Documents. The Borrower has provided the Administrative Agent a complete and true copy of the ESOP Plan Documents pursuant to which the ESOP and ESOT are maintained by the Borrower, or which concern the Borrower’s obligations with respect to the ESOP and ESOT, as of the Closing Date and the ESOT Transaction Documents and has not subsequently amended or in any other way modified or replaced such ESOP Plan Documents or ESOT Transaction Documents in any manner adverse to the interests of the Lenders without the prior written consent of the Administrative Agent except for any amendment, modification or replacement required by the IRS or by applicable law (and the Borrower shall use its best efforts to deliver a copy of any such amendment, modification or replacement to the Agent prior to the execution thereof).

Appears in 3 contracts

Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)

AutoNDA by SimpleDocs

ESOP Documents. The Borrower has provided the Administrative Agent a complete and true copy of the ESOP Plan Documents pursuant to which the ESOP and ESOT are maintained by the Borrower, or which concern the Borrower’s 's obligations with respect to the ESOP and ESOT, as of the Closing Date and the ESOT Transaction Documents and has not subsequently amended or in any other way modified or replaced such ESOP Plan Documents or ESOT Transaction Documents in any manner adverse to the interests of the Lenders without the prior written consent of the Administrative Agent except for any amendment, modification or replacement required by the IRS or by applicable law (and the Borrower shall use its best efforts to deliver a copy of any such amendment, modification or replacement to the Agent prior to the execution thereof).

Appears in 2 contracts

Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.