Canadian Multiemployer Plan definition

Canadian Multiemployer Plan means a “multi-employer pension plan” as defined by Applicable Laws and registered in accordance with the ITA or other Applicable Laws and as to which the U.S. Borrower or any of its Subsidiaries is making, or is accruing an obligation to make, or has accrued an obligation to make, contributions within the preceding six (6) years, and shall not include any Multiemployer Plan.
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Canadian Multiemployer Plan means a “multi-employer pension plan” as defined by Canadian Pension Laws and registered in accordance with Canadian Pension Laws and as to which any Credit Party or any Subsidiary thereof is making, or is accruing an obligation to make, or has accrued an obligation to make contributions within the preceding six (6) years, and shall not include any Multiemployer Plan.
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Canadian Multiemployer Plan means a Canadian Pension Plan that is contributed to by a Canadian Loan Party for its employees or former employees pursuant to a collective agreement or participation agreement but which is not maintained or administered by the Canadian Loan Party.
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Examples of Canadian Multiemployer Plan in a sentence

  • None of the Canadian Employee Benefit Plans is a Canadian Multiemployer Plan.

  • Each Borrower and Subsidiary has made all required contributions to each Canadian Multiemployer Plan in accordance with its terms, any applicable collective bargaining agreement and all requirements of law.

  • None of the Purchased Companies or the Purchased Subsidiary has any Liability with respect to any Employee Benefit Plan maintained outside the United States, including any Canadian Multiemployer Plan, that would not be a Retained Liability.

  • No statutory deemed trust or Lien has arisen or been imposed on any Borrower or Subsidiary or its respective property in connection with any Canadian Pension Plan or Canadian Multiemployer Plan other than inchoate liens for amounts required to be remitted in respect of such plans but not yet due.


More Definitions of Canadian Multiemployer Plan

Canadian Multiemployer Plan means a “multi-employer plan”, as that term is defined in Regulation 8500(1) of the ITA to which any Loan Party is making or accruing an obligation to make contributions.
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Canadian Multiemployer Plan any Multiemployer Plan that is contributed to by a Group Member in respect of its employees in Canada. Table of Contents “Canadian Obligations” all unpaid principal of and accrued and unpaid interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether or not a claim for post-filing or post-petition interest is allowed or allowable in such proceeding) on the Canadian Revolving Credit Loans, all Canadian Swingline Loans, all Canadian LC Exposure, all accrued and unpaid fees and all expenses, Reimbursement Obligations, indemnities and all other advances to, debts, liabilities and obligations of any Canadian Loan Party to any Lender, the Administrative Agent, any Issuing Bank or any indemnified party arising under the Loan Documents in respect of any Canadian Revolving Credit Loan, Canadian Swingline Loan, Canadian Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute, contingent, due or to become due, now existing or hereafter arising.
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Canadian Multiemployer Plan any Multiemployer Plan that is contributed to by a Group Member in respect of its employees in Canada.
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Canadian Multiemployer Plan means each “multi-employer plan” within the meaning of subsection 147.1(1) of the Tax Act to which any Loan Party contributes or is under an obligation to contribute in respect of any employees of a Loan Party who primarily perform employment services in Canada, where such contributions or obligations to contribute are pursuant to a collective bargaining agreement, trust agreement, participation agreement or otherwise, and where such “multi-employer plan” is neither sponsored nor administered by any Loan Party.
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Related to Canadian Multiemployer Plan

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Company or any other member of the Controlled Group may have any liability.

  • Multiemployer Plan means a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

  • Pension Plan means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code.

  • ERISA Affiliate means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.

  • Foreign Plan means any employee benefit plan, program, policy, arrangement or agreement maintained or contributed to by the Borrower or any of its Subsidiaries with respect to employees employed outside the United States.