Common use of Notices of ERISA Events Clause in Contracts

Notices of ERISA Events. (i) Promptly upon an Executive Officer of the Borrower becoming aware of the occurrence of or forthcoming occurrence of any ERISA Event that would reasonably be expected to result in a material liability, a written notice specifying the nature thereof, what action the Borrower or any Subsidiary or any of their respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto; and (ii) with reasonable promptness, copies of (A) each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by the Borrower or any Subsidiary or any of their respective ERISA Affiliates with the Internal Revenue Service with respect to each Pension Plan; (B) all notices received by the Borrower or any Subsidiary or any of their respective ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA Event that would reasonably be expected to result in a Material Adverse Effect; and (C) copies of such other documents or governmental reports or filings relating to any Employee Benefit Plan as the Administrative Agent will reasonably request.

Appears in 6 contracts

Samples: Credit and Guaranty Agreement (Artivion, Inc.), Credit and Guaranty Agreement (Cohu Inc), Credit and Guaranty Agreement (Artivion, Inc.)

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Notices of ERISA Events. Except where it would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, (i1) Promptly promptly upon an Executive Officer of the Borrower becoming aware of the occurrence of or forthcoming occurrence of any ERISA Event that would reasonably be expected to result in a material liabilityEvent, a written notice specifying the nature thereof, what action the Borrower or Company, any Subsidiary of its Subsidiaries or any of their respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto; and (ii2) with reasonable promptness, with respect to each Employee Benefit Plan and/or Multiemployer Plan affected by an ERISA Event, copies of (Ax) each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by the Borrower or Company, any Subsidiary of its Subsidiaries or any of their respective ERISA Affiliates with the Internal Revenue Service with respect to each Pension such Employee Benefit Plan; (By) all notices received by the Borrower or Company, any Subsidiary of its Subsidiaries or any of their respective ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA Event that would reasonably be expected to result in a Material Adverse EffectEvent; and (Cz) copies of such other documents or governmental reports or filings relating to any each such Employee Benefit Plan and/or Multiemployer Plan as the Administrative Agent will shall reasonably request.;

Appears in 1 contract

Samples: Credit and Guaranty Agreement

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