Common use of Notice Regarding Any Plan Clause in Contracts

Notice Regarding Any Plan. Borrowers shall furnish to Agent: (a) as soon as possible, and in any event within 10 days after any senior officer of Borrowers know or have reason to know that any Reportable Event has occurred with respect to any Plan maintained in whole or in part for the employees of a Borrower or any of their Subsidiaries, a statement of the President or Treasurer of Borrowers setting forth details as to such Reportable Event and the action which is proposed to be taken with respect thereto, together with a copy of the notice of such Reportable Event given to the Pension Benefit Guaranty Corporation; and (b) promptly after receipt thereof, a copy of any notice which a Borrower may receive from the Pension Benefit Guaranty Corporation relating to the intention of a Borrower to terminate any Plan maintained in whole or in part for the benefit of employees of any Borrower or any of their Subsidiaries or to appoint a trustee to administer any such Plan.

Appears in 2 contracts

Samples: Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP), Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP)

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Notice Regarding Any Plan. Borrowers Borrower shall furnish to AgentWFFPC: (a) as soon as possible, and in any event within 10 days after any senior officer of Borrowers know Borrower knows or have has reason to know that any Reportable Event has occurred with respect to any Plan maintained in whole or in part for the employees of a Borrower or any of their its Subsidiaries, a statement of the President or Treasurer of Borrowers Borrower setting forth details as to such Reportable Event and the action which is proposed to be taken with respect thereto, together with a copy of the notice of such Reportable Event given to the Pension Benefit Guaranty Corporation; and (b) promptly after receipt thereof, a copy of any notice which a Borrower may receive from the Pension Benefit Guaranty Corporation relating to the intention of a Borrower to terminate any Plan maintained in whole or in part for the benefit of employees of any Borrower or any of their its Subsidiaries or to appoint a trustee to administer any such Plan.

Appears in 2 contracts

Samples: Finance Agreement (White River Capital Inc), Finance Agreement (White River Capital Inc)

Notice Regarding Any Plan. Borrowers shall furnish to Agent: (a) as soon as possible, and in any event within 10 days after any senior officer of Borrowers know knows or have has reason to know that any Reportable Event has occurred with respect to any Plan maintained in whole or in part for the employees of a Borrower or any of their Subsidiaries, a statement of the President President, Treasurer or Treasurer other authorized officer of Borrowers setting forth details as to such Reportable Event and the action which is proposed to be taken with respect thereto, together with a copy of the notice of such Reportable Event given to the Pension Benefit Guaranty Corporation; and (b) promptly after receipt thereof, a copy of any notice which a Borrower may receive from the Pension Benefit Guaranty Corporation relating to the intention of a Borrower to terminate any Plan maintained in whole or in part for the benefit of employees of any Borrower or any of their Subsidiaries or to appoint a trustee to administer any such Plan.

Appears in 2 contracts

Samples: Loan and Security Agreement (C & F Financial Corp), Loan and Security Agreement (C & F Financial Corp)

Notice Regarding Any Plan. Borrowers shall furnish to AgentWFPC: (a) as soon as possible, and in any event within 10 days after any senior officer of Borrowers know or have reason to know that any Reportable Event has occurred with respect to any Plan maintained in whole or in part for the employees of a Borrower or any of their Subsidiaries, a statement of the President President, Chief Financial Officer or Treasurer of Borrowers setting forth details as to such Reportable Event and the action which is proposed to be taken with respect thereto, together with a copy of the notice of such Reportable Event given to the Pension Benefit Guaranty Corporation; and (b) promptly after receipt thereof, a copy of any notice which a Borrower may receive from the Pension Benefit Guaranty Corporation relating to the intention of a Borrower to terminate any Plan maintained in whole or in part for the benefit of employees of any Borrower or any of their Subsidiaries or to appoint a trustee to administer any such Plan.

Appears in 1 contract

Samples: Loan and Security Agreement (Thaxton Group Inc)

Notice Regarding Any Plan. Borrowers shall furnish to AgentWFPC: (a) as soon as possible, and in any event within 10 days after any senior officer of Borrowers know or have reason to know that any Reportable Event has occurred with respect to any Plan maintained in whole or in part for the employees of a Borrower or any of their Subsidiaries, a statement of the President or Treasurer of Borrowers setting forth details as to such Reportable Event and the action which is proposed to be taken with respect thereto, together with a copy of the notice of such Reportable Event given to the Pension Benefit Guaranty Corporation; and (b) promptly after receipt thereof, a copy of any notice which a Borrower may receive from the Pension Benefit Guaranty Corporation relating to the intention of a Borrower to terminate any Plan maintained in whole or in part for the benefit of employees of any Borrower or any of their Subsidiaries or to appoint a trustee to administer any such Plan.

Appears in 1 contract

Samples: Loan and Security Agreement (Carbiz Inc)

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Notice Regarding Any Plan. Borrowers shall furnish to AgentWFFPC: (a) as soon as possible, and in any event within 10 days after any senior officer of Borrowers know knows or have has reason to know that any Reportable Event has occurred with respect to any Plan maintained in whole or in part for the employees of a Borrower or any of their Subsidiaries, a statement of the President President, Treasurer or Treasurer other authorized officer of Borrowers setting forth details as to such Reportable Event and the action which is proposed to be taken with respect thereto, together with a copy of the notice of such Reportable Event given to the Pension Benefit Guaranty Corporation; and (b) promptly after receipt thereof, a copy of any notice which a Borrower may receive from the Pension Benefit Guaranty Corporation relating to the intention of a Borrower to terminate any Plan maintained in whole or in part for the benefit of employees of any Borrower or any of their Subsidiaries or to appoint a trustee to administer any such Plan.

Appears in 1 contract

Samples: Loan and Security Agreement (C & F Financial Corp)

Notice Regarding Any Plan. Borrowers shall furnish to Agent: (a) as soon as possible, and in any event within 10 ten (10) days after any senior officer of Borrowers or Guarantors know or have reason to know that any Reportable Event has occurred with respect to any Plan maintained in whole or in part for the employees of a Borrower Borrower, a Guarantor or any of their Subsidiaries, a statement of the President or Treasurer of Borrowers and Guarantors setting forth details as to such Reportable Event and the action which is proposed to be taken with respect thereto, together with a copy of the notice of such Reportable Event given to the Pension Benefit Guaranty CorporationPBGC; and (b) promptly (and in any event, within three (3) Business Days) after receipt thereof, a copy of any notice which a Borrower or a Guarantor may receive from the Pension Benefit Guaranty Corporation PBGC relating to the intention of a Borrower or Guarantor to terminate any Plan maintained in whole or in part for the benefit of employees of any Borrower Borrower, any Guarantor or any of their Subsidiaries or to appoint a trustee to administer any such Plan.

Appears in 1 contract

Samples: Loan Agreement (CURO Group Holdings Corp.)

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