Tax Liens; ERISA Liens. The Internal Revenue Service shall file notice of a lien pursuant to Section 6323 of the Internal Revenue Code with regard to any of the assets of Borrowers, and such lien shall not have been released within 30 days, or the Pension Benefit Guaranty Corporation shall file notice of a lien pursuant to Section 4068 of ERISA with regard to any of the assets of Borrowers, and such lien shall not have been released within 30 days.
Appears in 2 contracts
Samples: Loan and Security Agreement (Bluegreen Corp), Loan and Security Agreement (Bluegreen Corp)
Tax Liens; ERISA Liens. The Internal Revenue Service shall file notice of a lien pursuant to Section 6323 of the Internal Revenue Code with regard to any of the assets of BorrowersSeller, and such lien shall not have been released within 30 5 days, or the Pension Benefit Guaranty Corporation shall file notice of a lien pursuant to Section 4068 of ERISA with regard to any of the assets of Borrowers, and such lien shall not have been released within 30 daysSeller.
Appears in 1 contract
Tax Liens; ERISA Liens. The Internal Revenue Service ----------------------- shall file notice of a lien pursuant to Section 6323 of the Internal Revenue Code with regard to any of the assets of BorrowersSeller, and such lien shall not have been released within 30 5 days, or the Pension Benefit Guaranty Corporation shall file notice of a lien pursuant to Section 4068 of ERISA with regard to any of the assets of Borrowers, and such lien shall not have been released within 30 daysSeller.
Appears in 1 contract