Common use of Reportable and Other Events Clause in Contracts

Reportable and Other Events. (i) The occurrence of any Reportable Event which either WFFPC determines in good faith constitutes ground for the termination of any Plan by the Pension Benefit Guaranty Corporation ("PBGC") or for the appointment by the United States District Court of a trustee to administer any Plan; (ii) the institution by the PBGC of proceedings to terminate any Plan; or (iii) the failure of Borrower, or any Subsidiary to meet the minimum funding standards established in Section 412 of the Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Finance Agreement (White River Capital Inc), Finance Agreement (White River Capital Inc)

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Reportable and Other Events. (i) The occurrence of any Reportable Event which either WFFPC determines in good faith constitutes ground for the termination of any Plan by the Pension Benefit Guaranty Corporation ("PBGC") or for the appointment by the United States District Court of a trustee to administer any Plan; (ii) the institution by the PBGC of proceedings to terminate any Plan; or (iii) the failure of Borrower, or any Subsidiary to meet the minimum funding standards established in Section 412 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Loan and Security Agreement (C & F Financial Corp)

Reportable and Other Events. (i) The occurrence of any Reportable Event which either WFFPC WFPC determines in good faith constitutes ground for the termination of any Plan by the Pension Benefit Guaranty Corporation ("PBGC") or for the appointment by the United States District Court of a trustee to administer any Plan; (ii) the institution by the PBGC of proceedings to terminate any Plan; or (iii) the failure of Borrower, or any Subsidiary to meet the minimum funding standards established in Section 412 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Loan and Security Agreement (Carbiz Inc)

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Reportable and Other Events. (i) The occurrence of any Reportable Event which either WFFPC WFPC determines in good faith constitutes ground for the termination of any Plan by the Pension Benefit Guaranty Corporation ("PBGC") or for the appointment by the United States District Court of a trustee to administer any Plan; (ii) the institution by the PBGC of proceedings to terminate any Plan; or (iii) the failure of any Borrower, any Guarantor or any Subsidiary to meet the minimum funding standards established in Section 412 of the Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Loan and Security Agreement (Thaxton Group Inc)

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