Other ERISA Liabilities. The Borrower, any Subsidiary or any other member of the Controlled Group shall have been notified by the sponsor of a Multiemployer Plan that it has incurred withdrawal liability or become obligated to make contributions to a Multiemployer Plan in an amount which, when aggregated with all other amounts required to be paid to Multiemployer Plans by the Borrower, any Subsidiary or any other member of the Controlled Group as withdrawal liability (determined as of the date of such notification), exceeds $50,000,000 or requires payments exceeding $50,000,000 per annum.
Appears in 3 contracts
Samples: Bridge Term Loan Agreement (Walgreen Co), Credit Agreement (Walgreen Co), Credit Agreement (Walgreen Co)
Other ERISA Liabilities. The Borrower, any Subsidiary Borrower or any other member of the Controlled Group shall have been notified by the sponsor of a Multiemployer Plan that it has incurred withdrawal liability or become obligated to make contributions to a Multiemployer Plan in an amount which, when aggregated with all other amounts required to be paid to Multiemployer Plans by the Borrower, any Subsidiary Borrower or any other member of the Controlled Group as withdrawal liability (determined as of the date of such notification), exceeds $50,000,000 2,000,000 or requires payments exceeding $50,000,000 2,000,000 per annum.
Appears in 3 contracts
Samples: Credit Agreement (FBL Financial Group Inc), Credit Agreement (Insurance Auto Auctions Inc /Ca), Credit Agreement (Insurance Auto Auctions Inc /Ca)
Other ERISA Liabilities. The Borrower, any Subsidiary Borrower or any other member of the Controlled Group ERISA Affiliate shall have been notified by the sponsor of a Multiemployer Plan that it has incurred withdrawal liability or become obligated to make contributions to a Multiemployer Plan in an amount which, when aggregated with all other amounts required to be paid to Multiemployer Plans by the Borrower, any Subsidiary Borrower or any other member of the Controlled Group ERISA Affiliate as withdrawal liability (determined as of the date of such notification), exceeds $50,000,000 3,000,000 or requires payments exceeding $50,000,000 2,000,000 per annum.
Appears in 1 contract
Other ERISA Liabilities. The Borrower, any Subsidiary Borrower or any other member of the Controlled Group shall have been notified by the sponsor of a Multiemployer Plan that it has incurred withdrawal liability or become obligated to make contributions to a Multiemployer Plan in an amount which, when aggregated with all other amounts required to be paid to Multiemployer Plans by the Borrower, any Subsidiary Borrower or any other member of the Controlled Group as withdrawal liability (determined as of the date of such notification), exceeds $50,000,000 2,000,000 or requires payments exceeding $50,000,000 2,000,000 per annum.. SIDLEY AUSTIN BROWN & WOOD 47
Appears in 1 contract
