Common use of Tax and ERISA Liens Clause in Contracts

Tax and ERISA Liens. The Internal Revenue Service shall file notice of a lien pursuant to ss. 6323 of the Internal Revenue Code with regard to any of the assets of Borrower or the Pension Benefit Guaranty Corporation shall file a notice of lien pursuant to ss. 4068 of ERISA, with regard to any assets of Borrower, and in either of the foregoing cases, such lien shall not have been released within fifteen (15)

Appears in 2 contracts

Samples: Loan Agreement (Bowater Inc), Loan Agreement (Interface Inc)

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Tax and ERISA Liens. The Internal Revenue Service shall file notice of a lien pursuant to ss. § 6323 of the Internal Revenue Code with regard to any of the assets of the Borrower or the Pension Benefit Guaranty Corporation shall file a notice of lien pursuant to ss. § 4068 of ERISA, with regard to any assets of the Borrower, and in either of the foregoing cases, such lien shall not have been released within fifteen (15)

Appears in 2 contracts

Samples: Loan Agreement (Jarden Corp), Loan Agreement (Jarden Corp)

Tax and ERISA Liens. The Internal Revenue Service shall file notice of a lien pursuant to ss. § 6323 of the Internal Revenue Code with regard to any of the assets of the Borrower or the Pension Benefit Guaranty Corporation shall file a notice of lien pursuant to ss. § 4068 of ERISA, with regard to any assets of the Borrower, and in either of the foregoing cases, such lien shall not have been released within fifteen (15)) Business Days.

Appears in 2 contracts

Samples: Loan Agreement (Jarden Corp), Loan Agreement (Jarden Corp)

Tax and ERISA Liens. The Internal Revenue Service shall file notice of a lien pursuant to ss. § 6323 of the Internal Revenue Code with regard to any of the assets of Borrower or the Pension Benefit Guaranty Corporation shall file a notice of lien pursuant to ss. § 4068 of ERISA, with regard to any assets of Borrower, and in either of the foregoing cases, such lien shall not have been released within fifteen (15)) Business Days.

Appears in 2 contracts

Samples: Loan Agreement (Arvinmeritor Inc), Loan Agreement (Arvinmeritor Inc)

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Tax and ERISA Liens. The Internal Revenue Service shall file notice of a lien pursuant to ss. 6323 of the Internal Revenue Code with regard to any of the assets of Borrower or the Pension Benefit Guaranty Corporation shall file a notice of lien pursuant to ss. 4068 of ERISA, with regard to any assets of Borrower, and in either of the foregoing cases, such lien shall not have been released within fifteen (15)) Business Days.

Appears in 1 contract

Samples: Loan Agreement (Bowater Inc)

Tax and ERISA Liens. The Internal Revenue Service shall file notice of a lien pursuant to ss. 6323 of the Internal Revenue Code with regard to any of the assets of Borrower or the Pension Benefit Guaranty Corporation shall file a notice of lien pursuant to ss. 4068 of ERISA, with regard to any assets of Borrower, and in either of the foregoing cases, such lien shall not have been released within fifteen (15)) Business Days.

Appears in 1 contract

Samples: Loan Agreement (Us Xpress Enterprises Inc)

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