Common use of Other ERISA Notice Clause in Contracts

Other ERISA Notice. (i) Promptly, and in any event within twenty (20) Banking Days after receipt thereof by any Borrower or any member of the Controlled Group from a Multiemployer Plan sponsor, the Canadian Borrower shall provide to the Agent a copy of each notice received by such Borrower or any member of the Controlled Group concerning the imposition or amount of withdrawal liability pursuant to Section 4202 of ERISA that would have or would reasonably be expected to cause a Material Adverse Effect. (ii) Promptly, and in any event within twenty (20) Banking Days after any Borrower or any member of the Controlled Group knows that an ERISA Event has occurred, the Canadian Borrower shall provide to the Agent a statement describing the ERISA Event and the action, if any, which such Borrower or a member of the Controlled Group proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.)

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Other ERISA Notice. (i) Promptly, and in any event within twenty (20) 20 Banking Days after receipt thereof by any a Borrower or any member of the Controlled Group from a Multiemployer Plan sponsor, the Canadian Borrower shall provide to the Agent a copy of each notice received by such Borrower or any member of the Controlled Group concerning the imposition or amount of withdrawal liability pursuant to Section 4202 of ERISA that would have or would reasonably be expected to cause a Material Adverse Effect. (ii) Promptly, and in any event within twenty (20) 20 Banking Days after any Borrower or any member of the Controlled Group knows that an ERISA Event has occurred, the Canadian Borrower shall provide to the Agent a statement describing the ERISA Event and the action, if any, which such Borrower or a member of the Controlled Group proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Other ERISA Notice. (i) Promptly, and in any event within twenty (20) Banking Days after receipt thereof by any a Borrower or any member of the Controlled Group from a Multiemployer Plan sponsor, the Canadian Borrower shall provide to the Agent a copy of each notice received by such Borrower or any member of the Controlled Group concerning the imposition or amount of withdrawal liability pursuant to Section 4202 of ERISA that would have or would reasonably be expected to cause a Material Adverse Effect. (ii) Promptly, and in any event within twenty (20) Banking Days after any Borrower or any member of the Controlled Group knows that an ERISA Event has occurred, the Canadian Borrower shall provide to the Agent a statement describing the ERISA Event and the action, if any, which such Borrower or a member of the Controlled Group proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Facilities (Baytex Energy Corp.)

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Other ERISA Notice. (i) Promptly, and in any event within twenty (20) 20 Banking Days after receipt thereof by any a Borrower or any member of the Controlled Group from a Multiemployer 31150487.8 Plan sponsor, the Canadian Borrower shall provide to the Agent a copy of each notice received by such Borrower or any member of the Controlled Group concerning the imposition or amount of withdrawal liability pursuant to Section 4202 of ERISA that would have or would reasonably be expected to cause a Material Adverse Effect. (ii) Promptly, and in any event within twenty (20) 20 Banking Days after any Borrower or any member of the Controlled Group knows that an ERISA Event has occurred, the Canadian Borrower shall provide to the Agent a statement describing the ERISA Event and the action, if any, which such Borrower or a member of the Controlled Group proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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