Common use of Terminate Pension Plan Clause in Contracts

Terminate Pension Plan. Terminate, withdraw from, or permit the termination of any Plan unless the asset value of such Plan is then at least equal to the value of the benefits guaranteed by the Pension Benefit Guaranty Corporation if such termination could reasonably be expected to have a Materially Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (K-Sea Transportation Partners Lp), Loan Agreement (K-Sea Transportation Partners Lp)

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Terminate Pension Plan. TerminateWith respect to it or any of its Subsidiaries, terminate, withdraw from, or permit the termination of any Guaranteed Pension Plan unless the asset value of such Plan is then at least equal to the value of the benefits guaranteed by the Pension Benefit Guaranty Corporation if or unless such termination could reasonably be expected will not result in any significant liability to have a Materially Adverse Effectthe Company or any Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Agreement (Colonial Gas Co)

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Terminate Pension Plan. Terminate, withdraw from, or permit the termination of any Plan unless the asset value of such Plan is then at least equal to the value of the benefits guaranteed by the Pension Benefit Guaranty Corporation if such termination could reasonably be expected to have a Materially Adverse Effectguaranteed.

Appears in 1 contract

Samples: Loan Agreement (K-Sea Transportation Partners Lp)

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