Common use of Establishment of Defined Benefit Plan Clause in Contracts

Establishment of Defined Benefit Plan. Notwithstanding any other provision of this Agreement or any other Loan Document, not, and not suffer or permit, (i) establishing or contributing to any Defined Benefit Plan or (ii) acquiring an interest in any Person if such Pension sponsors, administers, maintains or contributes to, or has any liability in respect of any Defined Benefit Plan.

Appears in 5 contracts

Samples: Credit Agreement (Merus Labs International Inc.), Credit Agreement (PDL Biopharma, Inc.), Credit Agreement (Merus Labs International Inc.)

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Establishment of Defined Benefit Plan. Notwithstanding any other provision provisions of this Agreement or any other Loan Document, not, and not suffer or permit, (i) establishing establish or commence contributing to any Defined Benefit Plan that is not fully funded or (ii) acquiring acquire an interest in any Person if such Pension Person sponsors, administers, maintains or contributes to, or has any liability in respect of any any, Defined Benefit PlanPlan that is not fully funded.

Appears in 1 contract

Samples: Credit Agreement (Seitel Inc)

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