Common use of Notice of Pension-Related Events Clause in Contracts

Notice of Pension-Related Events. Borrower shall promptly furnish Lender with written notice upon the receipt by Borrower or the administrator of any Plan of any notice, correspondence or other communication from the PBGC, the IRS, the Secretary of Treasury, the Department of Labor, or any other Person, as the case may be, relating to (i) any Reportable Event, (ii) any funding deficiency with respect to any Plan, (iii) any liability, either primary or secondary, with respect to complete or partial withdrawal from any Plan, (iv) proceedings to terminate any Plan or (v) the appointment of a trustee for any Plan. Such notice shall be accompanied by any pertinent documents including, but not limited to, the relevant notice, correspondence or other communication and a statement of a Responsible Officer of Borrower describing the event or the action taken and the reasons therefor.

Appears in 1 contract

Samples: Loan and Security Agreement (Focal Communications Corp)

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Notice of Pension-Related Events. The Borrower shall promptly ----------------------------------- furnish Lender with written notice upon the receipt by Borrower or the administrator of any Plan of any notice, correspondence or other communication from the PBGC, the IRS, the Secretary of Treasury, the Department of Labor, or any other Person, as the case may be, relating to (i) any Reportable Event, (ii) any funding deficiency with respect to any Plan, (iii) any liability, either primary or secondary, with respect to complete or partial withdrawal from any Plan, (iv) proceedings to terminate any Plan Plan, or (v) the appointment of a trustee for any Plan. Such notice shall be accompanied by any pertinent documents documents, including, but not limited to, the relevant notice, correspondence or other communication and a statement of a Responsible Officer of Borrower describing the event or the action taken and the reasons therefor.

Appears in 1 contract

Samples: Loan and Security Agreement (Telscape International Inc)

Notice of Pension-Related Events. Each Borrower shall promptly -------------------------------- furnish Lender with written notice upon the receipt by the Borrower or the administrator of any Plan of any notice, correspondence or other communication from the PBGC, the IRS, the Secretary of Treasury, the Department of Labor, or any other Person, as the case may be, relating to (i) any Reportable Event, (ii) any funding deficiency with respect to any Plan, (iii) any liability, either primary or secondary, with respect to complete or partial withdrawal from any Plan, (iv) proceedings to terminate any Plan or (v) the appointment of a trustee for any Plan. Such notice shall be accompanied by any pertinent documents including, but not limited to, the relevant notice, correspondence or other communication and a statement of a Responsible Officer of the Borrower describing the event or the action taken and the reasons therefor.

Appears in 1 contract

Samples: Loan and Security Agreement (Broadview Networks Holdings Inc)

Notice of Pension-Related Events. The Borrower shall promptly furnish Lender with written notice upon the receipt by the Borrower or the administrator of any Plan of any notice, correspondence or other communication from the PBGC, the IRS, the Secretary of Treasury, the Department of Labor, or any other Person, as the case may be, relating to (i) any Reportable Event, (ii) any funding deficiency with respect to any Plan, (iii) any liability, either primary or secondary, with respect to complete or partial withdrawal from any Plan, (iv) proceedings to terminate any Plan or (v) the appointment of a trustee for any Plan. Such notice shall be accompanied by any pertinent documents including, but not limited to, the relevant notice, correspondence or other communication and a statement of a Responsible Officer of the Borrower describing the event or the action taken and the reasons therefor.

Appears in 1 contract

Samples: Loan and Security Agreement (GST Telecommunications Inc)

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Notice of Pension-Related Events. The Borrower or Guarantor shall promptly furnish Lender with written notice upon the receipt by the Borrower or Guarantor or the administrator of any Plan of any notice, correspondence or other communication from the PBGC, the IRS, the Secretary of Treasury, the Department of Labor, or any other Person, as the case may be, relating to (i) any Reportable Event, (ii) any funding deficiency with respect to any Plan, (iii) any liability, either primary or secondary, with respect to complete or partial withdrawal from any Plan, (iv) proceedings to terminate any Plan or (v) the appointment of a trustee for any Plan. Such notice shall be accompanied by any pertinent documents including, but not limited to, the relevant notice, correspondence or other communication and a statement of a Responsible Officer of the Borrower or Guarantor describing the event or the action taken and the reasons therefor.

Appears in 1 contract

Samples: Loan and Security Agreement (Ixc Communications Inc)

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