Common use of Unfunded Pension Liability Clause in Contracts

Unfunded Pension Liability. the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to the Code, ERISA or the Pension Protection Act of 2006 for the applicable plan year. Unused Line Fee Rate: a per annum rate equal to (a) 0.375%, if average daily Global Revolver Usage was 50% or less of the Revolver Commitments during the preceding calendar month, or (b) 0.25%, if average daily Global Revolver Usage was more than 50% of the Revolver Commitments during such month. Upstream Payment: a Distribution by a Subsidiary of a Borrower to such Borrower.

Unfunded Pension Liability. the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to the Code, ERISA or the Pension Protection Act of 2006 for the applicable plan year. Unused Line Fee Rate: a per annum rate equal to (a) 0.375%, if average daily Global Revolver Usage was less than 50% or less of the Revolver Commitments Borrowing Base during the preceding calendar month, or (b) 0.25%, if average daily Global Revolver Usage was more greater than or equal to 50% of the Revolver Commitments Borrowing Base during such month. Upstream Payment: a Distribution by a Subsidiary of a Borrower to such Borrower.

Unfunded Pension Liability. the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to the Code, ERISA or the Pension Protection Act of 2006 for the applicable plan year. Unused Line Fee Rate: a per annum rate equal to (a) 0.3750.50%, if average daily Global Revolver Usage was 50% or less of the Revolver Commitments during the preceding calendar month, or (b) 0.250.375%, if average daily Global Revolver Usage was more than 50% of the Revolver Commitments during such month. Upstream Payment: a Distribution by a Subsidiary of a Borrower to such Borrower.