Common use of Plan Terminations Clause in Contracts

Plan Terminations. Promptly, and in any event within ten (10) Business Days, after receipt thereof by any Loan Party or any ERISA Affiliate, copies of each notice from the PBGC stating its intention to terminate any Plan respecting a Loan Party or an ERISA Affiliate or to have a trustee appointed to administer any such Plan, in each case if the facts underlying such termination or appointment are reasonably likely to constitute a Material Adverse Effect.

Appears in 2 contracts

Samples: Senior Secured Term Loan Credit Facility (Diamond S Shipping Group, Inc.), Senior Secured Reducing Revolving Credit Facility (Diamond S Shipping Group, Inc.)

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Plan Terminations. Promptly, Promptly and in any event within ten (10) two Business Days, Days after receipt thereof by any Loan Party or any ERISA Affiliate, copies of each notice from the PBGC stating its intention to terminate any Plan respecting a Loan Party or an ERISA Affiliate or to have a trustee appointed to administer any such Plan, in each case if the facts underlying PROVIDED, HOWEVER, that there shall be no obligation to furnish copies of any such notice received by an ERISA Affiliate that is not received by a Loan Party unless such termination or appointment are could be reasonably likely to constitute have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Ipc Information Systems Inc), Credit Agreement (Ipc Communications Inc /De/)

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Plan Terminations. Promptly, Promptly and in any event within ten (10) two Business Days, Days after receipt thereof by any Loan Credit Party or any ERISA Affiliate, copies of each notice from the PBGC stating its intention to terminate any ERISA Plan respecting a Loan Party or an ERISA Affiliate or to have a trustee appointed to administer any such ERISA Plan, in each case if the facts underlying such termination or appointment are reasonably likely to constitute a Material Adverse Effect.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Icg Communications Inc /De/)

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