Plan Funding Statement Sample Clauses

Plan Funding Statement. Unless Progress Fuels provides written notice to Holdings on or before the thirtieth (30th) day following the Closing Date that Progress Fuels has elected to assume, effective as of the Closing Date, sponsorship of, and all Liabilities of the Pension Plan for Salaried, Non-Bargaining Unit Employees and Bargaining Unit Employees of Chemetron Railway Products, Inc. with respect to benefits accrued as of the Closing Date, then the Unfunded PBO with respect to any Pension Plan not so assumed shall be treated as a current liability for purposes of calculating the Closing Working Capital. The Unfunded PBO with respect to any Pension Plan not so assumed will be set forth in a Plan Funding Statement delivered by Progress Fuels to Holdings within thirty (30) days following the Closing Date. Upon receipt of the Plan Funding Statement, Holdings shall have the right to review and confirm the accuracy of the calculations. Holdings shall deliver a Notice of Disagreement to Progress Fuels within thirty (30) calendar days after receiving the Plan Funding Statement if Holdings disagrees with Progress Fuels calculation of Unfunded PBO, which Notice of Disagreement will initiate the Dispute Resolution Process set forth in Section 8.3(c). If the Plan Funding Statement cannot be delivered prior to the time the Closing Working Capital is determined pursuant to Section 2.8, or is delayed on account of the Dispute Resolution Process and thus cannot be finalized until after the Closing Working Capital is determined pursuant to Section 2.8, then the amount of the Unfunded PBO shall be paid by Progress Fuels to Holdings in immediately available funds by wire transfer to an account specified by Holdings within sixty (60) days from the delivery of the Plan Funding Statement or the completion of the Dispute Resolution Process, as the case may be. Holdings shall provide, or shall cause the Companies or the Subsidiaries to provide to Progress Fuels, such information as Progress Fuels reasonably requests to assist Progress Fuels in the administration of any assumed Pension Plan.
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Plan Funding Statement. Plan Funding Statement" shall have the meaning given in Section 8.3(b).
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Related to Plan Funding Statement

  • LEAD WARNING STATEMENT Housing built before 1978 may contain lead-based paint. Lead from paint, paint chips, and dust can pose health hazards if not managed properly. Lead exposure is especially harmful to young children and pregnant women. Before renting pre-1978 housing, Lessors must disclose the presence of lead- based paint and/or lead-based paint hazards in the dwelling. Lessees must also receive a federally approve pamphlet on lead poisoning prevention.

  • Reports to the Trustee; Collection Account Statements Not later than twenty days after each Distribution Date, the Servicer shall forward, upon request, to the Trustee and the Depositor the most current available bank statement for the Collection Account. Copies of such statement shall be provided by the Trustee to any Certificateholder and to any Person identified to the Trustee as a prospective transferee of a Certificate, upon request at the expense of the requesting party, provided such statement is delivered by the Servicer to the Trustee.

  • Annual Servicing Report By the date in each year specified in the Adoption Annex, beginning on the date specified in the Adoption Annex, the Master Servicer, at its expense, shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Master Servicer) to furnish a report to the Indenture Trustee, the Credit Enhancer, and each Rating Agency to the effect that the firm has examined certain documents and records relating to the servicing of mortgage loans during the most recent fiscal year then ended under sale and servicing agreements or pooling and servicing agreements (substantially similar to this Agreement, including this Agreement), that the examination was conducted substantially in compliance with the audit guide for audits of non-supervised mortgagees approved by the Department of Housing and Urban Development for use by independent public accountants (to the extent that the procedures in the audit guide are applicable to the servicing obligations in those agreements), and that the examination has disclosed no items of noncompliance with this Agreement that, in the opinion of the firm, are material, except for the items of noncompliance described in the report.

  • Delivery of Earnings Statements to Security Holders The Company will make generally available to its security holders as soon as practicable, but not later than the first day of the fifteenth full calendar month following the Effective Date, an earnings statement (which need not be certified by independent public or independent certified public accountants unless required by the Act or the Regulations, but which shall satisfy the provisions of Rule 158(a) under Section 11(a) of the Act) covering a period of at least twelve consecutive months beginning after the Effective Date.

  • Earning Statement The Company will make generally available to its security holders and the Representatives as soon as practicable an earning statement that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 of the Commission promulgated thereunder covering a period of at least twelve months beginning with the first fiscal quarter of the Company occurring after the “effective date” (as defined in Rule 158) of the Registration Statement.