POST RETIREMENT BENEFIT OBLIGATIONS Sample Clauses

POST RETIREMENT BENEFIT OBLIGATIONS. Neither any Credit Party nor any Subsidiary or ERISA Affiliate has any material liability with respect to "expected post-retirement benefit obligations" within the meaning of Financial Accounting Standards Board Statement No. 106.
Sample 1
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POST RETIREMENT BENEFIT OBLIGATIONS. None. For a discussion of the Loan Parties' post retirement benefit obligations, with respect to which neither the Borrower nor any of its Subsidiaries have material liability, see Rayonier's 2010 Annual Report on form 10-K. Schedule 5.03(b) Existing Liens None. Schedule 5.04(b) Existing Investments None. Schedule 5.04(e) Existing Subsidiary Payment Restrictions None. Schedule 8.07(f) Designated Farm Credit Lenders AgFirst Farm Credit Bank AgStar Financial Services, FLCA Farm Credit Bank of Texas EXHIBIT A -- FORM OF REVOLVING CREDIT PROMISSORY NOTE U.S.$__________________ Dated: _______________, 20__ FOR VALUE RECEIVED, the undersigned, [NAME OF A BORROWER], a [____________] corporation/limited partnership/limited liability company (the “Borrower”), HEREBY PROMISES TO PAY to the order of _________________________ (the “Lender”) for the account of its Applicable Lending Office on the Termination Date (each as defined in the Credit Agreement referred to below) the principal sum of U.S.$[amount of the Lender's Commitment in figures] or, if less, the aggregate principal amount of the Revolving Credit Advances made by the Lender to the Borrower pursuant to the Five-Year Revolving Credit Agreement dated as of April __, 2011 among Rayonier Inc., Rayonier TRS Holdings, Inc., Rayonier Forest Resources, L.P., and Rayonier Operating Company LLC, as borrowers, the Lender and certain other lenders parties thereto, the issuing banks parties thereto, and Credit Suisse AG, acting through one or more of its affiliates or branches (“CS”), as Administrative Agent for the Lender and such other lenders (as amended or modified from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined) outstanding on the Termination Date. The Borrower promises to pay interest on the unpaid principal amount of each Revolving Credit Advance from the date of such Revolving Credit Advance until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. Both principal and interest are payable in lawful money of the United States of America to CS, as Administrative Agent, at The Bank of New York, ABA No. 00000000, Account No. 8900492627, Account Name: CS - Agency Cayman Account, Reference: Rayonier or such other account in the United States as the Administrative Agent may designate from time to time by notice to the Borrower, in same day funds. Each Revolving Credit Advance made by...
Sample 1
POST RETIREMENT BENEFIT OBLIGATIONS. 1. Pursuant to Employment Agreements by and between Xxxxxxx Foods, Inc. and Xxxxx X. Xxxxxxxxx, Xxxxxxx X. Xxxxxxx and Xxxx X. Xxxxx, Xxxxxxx Foods, Inc. is obligated to continue to provide medical, dental and life insurance benefits to these individuals and their spouses and children, for a period of two to three years following termination following change of control. SCHEDULE 6.13A CORPORATE STRUCTURE Please see Chart attached. [Image of Corporate Structure Chart Removed] SCHEDULE 6.13B SUBSIDIARIES Xxxxxxx Foods of Delaware, Inc., a Delaware corporation 1,000 shares of Common Stock issued to the Borrower (100%) Northern Star Co., a Minnesota corporation 200,000 shares of Common Stock issued to Xxxxxxx Foods of Delaware, Inc. (100%) Minnesota Products, Inc., a Minnesota corporation 10,000 shares of Common Stock issued to Northern Star Co. (100%) Crystal Farms Refrigerated Distribution Company, a Minnesota corporation 1,000 shares of Common Stock issued to Xxxxxxx Foods of Delaware, Inc. (100%) X. X. Xxxxxxxx Company, a Nebraska corporation 12,000 shares of Common Stock issued to Xxxxxxx Foods of Delaware, Inc. (100%) 1,469,742 shares of Preferred Stock issued to Xxxxxxx Foods of Delaware, Inc. (100%) Papetti's Hygrade Egg Products, Inc., a Minnesota corporation 1,000 shares of Common Stock issued to X. X. Xxxxxxxx Company (100%) Papetti Electroheating Corporation, a New Jersey corporation 400 shares of Common Stock issued to Papetti's Hygrade Egg Products, Inc. (100%) Casa Trucking, Inc., a Minnesota corporation 1,000 shares of Common Stock issued to X. X. Xxxxxxxx Company (100%) Kohler Mix Specialities, Inc., a Minnesota corporation 1,000 shares of Common Stock issued to Xxxxxxx Foods of Delaware, Inc. (100%) Kohler Mix Specialties of Connecticut, Inc., a Connecticut corporation 100 shares of Common Stock issued to Kohler Mix Specialties, Inc. (100%) Midwest Mix, Inc., a Minnesota corporation 1,000 shares of Common Stock issued to Kohler Mix Specialties, Inc. (100%) WFC, Inc., a Wisconsin corporation 10,000 shares of Common Stock issued to Xxxxxxx Foods of Delaware, Inc. (100%) Wisco Farm Cooperative, a Wisconsin corporation 200 shares of Common Stock issued to WFC, Inc. (100%) Farm Fresh Foods, Inc., a Nevada corporation 1,000 shares of Common Stock issued to Xxxxxxx Foods of Delaware, Inc. (100%) MFI Food Canada, Inc., an Ontario, Canada corporation 100 shares of common stock issued to Xxxxxxx Foods, Inc. M-Foods Dairy, LLC, a Delaware limited liabil...
Sample 1
POST RETIREMENT BENEFIT OBLIGATIONS. Except as set forth in the financial statements referred to in Section 3.01, the Borrower and its Subsidiaries have no material liability with respect to "expected post retirement benefit obligations" within the meaning of Statement of Financial Accounting Standards No. 106.
Sample 1

Related to POST RETIREMENT BENEFIT OBLIGATIONS

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Supplemental Retirement Benefit In addition to the foregoing, Executive shall be eligible to participate in the Supplemental Executive Retirement Plan maintained by Cleco Utility Group Inc. or such other supplemental retirement benefit plans which the Company or its Affiliates may adopt, from time to time, for similarly situated executives (the "Supplemental Plan").

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Normal Retirement Benefits A Participant shall be entitled to receive the balance held in his or her account upon attaining his or her Normal Retirement Age or at such earlier dates as the provisions of this Article VI may permit. If a Participant elects to continue working past his or her Normal Retirement Age, he or she will continue as an active Participant. Unless the Employer elects otherwise in the Adoption Agreement, distribution shall be made to such Participant at his or her request prior to his or her actual retirement. Distribution shall be made in the normal form, or if elected, in one of the optional forms of payment provided below.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Retirement Benefits Upon the occurrence of the Qualifying --------- ------------------- Date (except as otherwise specifically provided herein), the Bank will pay to the Director $671 per month for a continuous period of 120 months. Such continuous monthly installment payments shall commence on a date to be determined by the Bank, but in no event later than the first day of the sixth calendar month following the calendar month in which the Qualifying Date shall occur. In the event that the Director should die after becoming entitled to receive such installment payments but before all such payments have been made, the Bank will pay all remaining installment payments to such beneficiary or beneficiaries as the Director has designated in writing to the Bank (the "Beneficiaries"). In the event of the death of the last living Beneficiary before all remaining installment payments have been made, the balance of any payments which remain unpaid at such Beneficiary's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the estate of the last Beneficiary to die. In the absence of any such beneficiary designation, or if no Beneficiary survives the Director, any payments remaining unpaid at the Director's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the Director's estate.

  • Early Retirement Benefit If the Executive terminates employment after the Early Retirement Date but before the Normal Retirement Date, and for reasons other than death or Disability, the Bank shall pay to the Executive the benefit described in this Section 2.2.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Death Benefit Amount The Death Benefit Amount as of any Business Day prior to the Annuity Date is equal to the greater of:

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