Common use of Pension and Welfare Liabilities Clause in Contracts

Pension and Welfare Liabilities. The Agent shall have received, with counterparts for each of the Lenders (i) the most recent actuarial valuation report, if any, for each Single Employer Plan, if any, and a copy of Schedule B to the Annual Report on Form 5500 of the Internal Revenue Service, if any, for each Single Employer Plan, if any, most recently filed with the Internal Revenue Service, and (ii) a report prepared by the Borrower in form and substance satisfactory to the Agent and each Lender detailing any liabilities of the Borrower and each Subsidiary and Commonly Controlled Entity for post-retirement benefits under Plans which are welfare benefit plans.

Pension and Welfare Liabilities. The Agent shall have received, with counterparts for each of the Lenders Lenders, (i) the most recent actuarial valuation report, if any, for each Single Employer Plan, if any, and a copy of Schedule B to the Annual Report on Form 5500 of the Internal Revenue Service, if any, for each Single Employer Plan, if any, most recently filed with the Internal Revenue Service, and (ii) a report prepared by the Borrower in form and substance satisfactory to the Agent and each Lender detailing any liabilities of the Borrower and each Subsidiary and Commonly Controlled Entity for post-post- retirement benefits under Plans which are welfare benefit plans.