Common use of Pension Benefits, etc Clause in Contracts

Pension Benefits, etc. if Borrowers fail to comply with ERISA, so that grounds exist to permit the appointment of a trustee under ERISA to administer their employee plans or to allow the Pension Benefit Guaranty Corporation to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 3 contracts

Samples: Loan and Security Agreement (Providence Service Corp), Loan and Security Agreement (Providence Service Corp), Loan and Security Agreement (Providence Service Corp)

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Pension Benefits, etc. if Borrowers fail Borrower fails to comply with ERISA, so that grounds exist to permit the appointment of a trustee Trustee under ERISA to administer their Borrower's employee plans or to allow the Pension Benefit Guaranty Corporation pension benefit guarantee corporation to institute proceedings a proceeding to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 3 contracts

Samples: Loan and Security Agreement (Resource America Inc), Loan and Security Agreement (Fidelity Leasing Inc), Loan and Security Agreement (Resource America Inc)

Pension Benefits, etc. if Borrowers fail Borrower fails to comply with ERISA, so that grounds exist to permit the appointment of a trustee under ERISA to administer their Borrower's employee plans or to allow the Pension Benefit Guaranty Corporation to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Ecc International Corp), Loan and Security Agreement (RCM Technologies Inc)

Pension Benefits, etc. if Borrowers the Borrower or any of the Guarantors fail to comply with ERISA, ERISA so that grounds exist to permit the appointment of a trustee under ERISA to administer their the Borrower's or such Subsidiary's employee plans or to allow the Pension Benefit Guaranty Corporation to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 2 contracts

Samples: Loan Agreement (CSS Industries Inc), Loan Agreement (CSS Industries Inc)

Pension Benefits, etc. if Borrowers fail to comply with ERISAERJSA, so that grounds exist to permit the appointment of a trustee under ERISA to administer their Borrowers’ employee plans or to allow the Pension Benefit Guaranty Corporation to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 1 contract

Samples: Loan and Security Agreement (Healthessentials Solutions Inc)

Pension Benefits, etc. if Borrowers fail Borrower fails to comply with ERISA, so that grounds exist to permit the appointment of a trustee under ERISA to administer their Borrower's employee plans or to allow the Pension Benefit Guaranty Guarantee Corporation to institute proceedings a proceeding to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 1 contract

Samples: Loan and Security Agreement (Granite Financial Inc)

Pension Benefits, etc. if Borrowers fail the Borrower fails to comply with ERISA, so that grounds exist to permit the appointment of a trustee under ERISA to administer their the Borrower's employee plans or to allow the Pension Benefit Guaranty Corporation to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

Pension Benefits, etc. if Borrowers fail any Borrower fails to comply with ---------------------- ERISA, so that grounds exist to permit the appointment of a trustee under ERISA to administer their any Borrower's employee plans or to allow the Pension Benefit Guaranty Corporation PBGC to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 1 contract

Samples: Loan and Security Agreement (Opinion Research Corp)

Pension Benefits, etc. if Borrowers fail to comply with ERISA, ---------------------- so that grounds exist to permit the appointment of a trustee under ERISA to administer their Borrowers' employee plans or to allow the Pension Benefit Guaranty Corporation to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 1 contract

Samples: Loan and Security Agreement (Bankvest Capital Corp)

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Pension Benefits, etc. if Borrowers fail the Borrower fails to comply with ERISA, so that grounds exist to permit the appointment of a trustee under ERISA to administer their the Borrower’s employee plans or to allow the Pension Benefit Guaranty Corporation to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

Pension Benefits, etc. if Borrowers fail any Borrower or Surety fails to comply with ERISA, so that grounds exist to permit the appointment of a trustee under ERISA to administer their any Borrower's or Surety's employee plans or to allow the Pension Benefit Guaranty Corporation to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 1 contract

Samples: Loan and Security Agreement (Staff Builders Inc /De/)

Pension Benefits, etc. if Borrowers Borrowers, or any of them, fail to comply with ERISA, so that grounds exist to permit the appointment of a trustee under ERISA to administer their Borrower’s employee plans or to allow the Pension Benefit Guaranty Corporation to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or

Appears in 1 contract

Samples: Loan and Security Agreement (New York Health Care Inc)

Pension Benefits, etc. if Borrowers fail to comply with ERISA, so that grounds exist to permit the appointment appoint ment of a trustee under ERISA to administer their Borrowers' employee plans or to allow the Pension Benefit Guaranty Corporation to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency defi ciency or claim; or

Appears in 1 contract

Samples: Loan and Security Agreement (Capital Associates Inc)

Pension Benefits, etc. if Borrowers fail A Borrower fails to comply with ERISA, so that grounds exist to permit the appointment of a trustee under ERISA to administer their any Borrower's employee plans or to allow the Pension Benefit Guaranty Corporation PBGC to institute proceedings to appoint a trustee to administer such plan(s), or to permit the entry of a Lien to secure any deficiency or claim; or.

Appears in 1 contract

Samples: Loan Agreement (RCM Technologies Inc)

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