Common use of Pension Plans and Welfare Plans Clause in Contracts

Pension Plans and Welfare Plans. With respect to any Single Employer Pension Plan as to which the Company or any other ERISA Affiliate may have any liability, there shall exist an Unfunded Pension Liability of more than $30,000,000 in the aggregate as to the Company or any ERISA Affiliate, and steps are undertaken to terminate such plan or such Pension Plan is terminated or the Company or any other ERISA Affiliate withdraws from or institutes steps to withdraw from such Pension Plan, or the Company has knowledge that steps have been taken to terminate any Multiemployer Plan and such termination may result in liability to the Company or any ERISA Affiliate in excess of $30,000,000 in the aggregate or any Reportable Event with respect to such Pension Plan has occurred that could result in the incurrence of liability by the Company or any ERISA Affiliate in excess of $30,000,000 in the aggregate or steps are taken to terminate any Multiemployer Plan and such termination may result in any liability of the Company or any ERISA Affiliate in excess of $30,000,000 in the aggregate; or

Appears in 3 contracts

Samples: Credit Agreement (Conseco Inc), Credit Agreement (Conseco Inc), Credit Agreement (Conseco Inc)

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Pension Plans and Welfare Plans. With respect to any Single Employer Pension Plan as to which the Company or any other ERISA Affiliate may have any liability, there shall exist an Unfunded Pension Liability a deficiency of more than $30,000,000 in 20,000,000 as to any ERISA Affiliate (other than the aggregate Company) or $65,000,000 as to the Company or any in the Pension Plan assets available to satisfy the benefits guaranteeable under ERISA Affiliatewith respect to such Pension Plan, and steps are undertaken to terminate such plan or such Pension Plan is terminated or the Company or any other ERISA Affiliate withdraws from or institutes steps to withdraw from such Pension Plan, or the Company has knowledge that steps have been taken to terminate any Multiemployer Plan and such termination may result in liability to the Company or any ERISA Affiliate (other than the Company) in excess of $30,000,000 in 20,000,000 or $65,000,000 as to the aggregate Company or any Reportable Event with respect to such Pension Plan has occurred that which could result in the incurrence of liability by the Company or any ERISA Affiliate (other than the Company) in excess of $30,000,000 in 20,000,000 or $65,000,000 as to the aggregate Company or steps are taken to terminate any Multiemployer Plan and such termination may result in any liability of the Company or any ERISA Affiliate (other than the Company) in excess of $30,000,000 in 20,000,000 or $65,000,000 as to the aggregateCompany shall occur; or

Appears in 1 contract

Samples: Credit Agreement (Cihc Inc)

Pension Plans and Welfare Plans. With respect to any Single Employer Pension Plan as to which the Company or any other ERISA Affiliate may have any liability, there shall exist an Unfunded Pension Liability of more than $30,000,000 in the aggregate as to the Company or any ERISA Affiliate, and steps are undertaken to terminate such plan or such Pension Plan is terminated or the Company or any other ERISA Affiliate withdraws from or institutes steps to withdraw from such Pension Plan, or the Company has knowledge that steps have been taken to terminate any Multiemployer Plan and such termination may result in liability to the Company or any ERISA Affiliate in excess of $30,000,000 in the aggregate or any Reportable Event with respect to such Pension Plan has occurred that which could result in the incurrence of liability by the Company or any ERISA Affiliate in excess of $30,000,000 in the aggregate or steps are taken to terminate any Multiemployer Plan and such termination may result in any liability of the Company or any ERISA Affiliate in excess of $30,000,000 in the aggregate; or

Appears in 1 contract

Samples: Credit Agreement (Conseco Inc)

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Pension Plans and Welfare Plans. With respect to any Single Employer Pension Plan as to which the Company Company, any of its Subsidiaries or any other ERISA Affiliate may have any liability, there shall exist an Unfunded Pension Liability of more than $30,000,000 25,000,000 in the aggregate as to the Company Company, any of its Subsidiaries or any ERISA Affiliate, and steps are undertaken to terminate such plan or such Pension Plan is terminated or the Company Company, any of its Subsidiaries or any other ERISA Affiliate withdraws from or institutes steps to withdraw from such Pension Plan, or the Company has knowledge that steps have been taken to terminate any Multiemployer Plan and such termination may result in liability to the Company Company, any of its Subsidiaries or any ERISA Affiliate in excess of $30,000,000 25,000,000 in the aggregate or any Reportable ERISA Event with respect to such Pension Plan has occurred that could result in the incurrence of liability by the Company Company, any of its Subsidiaries or any ERISA Affiliate in excess of $30,000,000 25,000,000 in the aggregate or steps are taken to terminate any Multiemployer Plan and such termination may result in any liability of the Company Company, any of its Subsidiaries or any ERISA Affiliate in excess of $30,000,000 in the aggregate; or

Appears in 1 contract

Samples: Credit Agreement (CNO Financial Group, Inc.)

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