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Erisa Notices
Erisa Notices contract clause examples

ERISA. (a) Any Person shall engage in any non-exempt “prohibited transaction” (as defined in [Section 406] of ERISA or Section 4975 of the Code) involving any Plan, # any unpaid and past due “minimum required contribution” (as defined in [Section 303] of ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on the assets of [[Organization A:Organization]] or any other member of the Controlled Group, # a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Required [[Organization B:Organization]], likely to result in the termination of such Plan for purposes of Title IV of ERISA, # any other member of the Plan shall terminate for purposes of Title IV of ERISA, # [[Organization A:Organization]] or any other member of the Controlled Group shall, or in the reasonable opinion of the Required [[Organization B:Organization]] is likely to, incur any liability in connection with a withdrawal from, or the insolvency or reorganization of, a Multiemployer Plan or # any other event or condition shall occur or exist with respect to a Plan; and in each case referred to in [clauses (a) through (f) above], such event or condition, together with all other such events or conditions, if any, could reasonably be expected to have a Material Adverse Effect.

ERISA. (i) Any Person shall engage in any non-exempt “prohibited transaction” (as defined in [Section 406] of ERISA or Section 4975 of the Code) involving any Plan, # any unpaid and past due “minimum required contribution” (as defined in [Section 303] of ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on the assets of such Borrower or any other member of the Controlled Group, # a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Required Lenders, likely to result in the termination of such Plan for purposes of Title IV of ERISA, # any other member of the Plan shall terminate for purposes of Title IV of ERISA, # such Borrower or any other member of the Controlled Group shall, or in the reasonable opinion of the Required Lenders is likely to, incur any liability in connection with a withdrawal from, or the insolvency or reorganization of, a Multiemployer Plan or # any other event or condition shall occur or exist with respect to a Plan; and in each case referred to in [clauses (i) through (vi) above], such event or condition, together with all other such events or conditions, if any, could reasonably be expected to have a Material Adverse Effect with respect to such Borrower.

#(i) Any Person shall engage in any non-exempt “prohibited transaction” (as defined in [Section 406] of ERISA or Section 4975 of the Code) involving any Plan; # any failure to meet applicable minimum funding standards (as defined in Section 412 of the Code or [Section 302] of ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on the assets of the Company or any Commonly Controlled Entity; # a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Required Banks, likely to result in the termination of such Plan for purposes of Title IV of ERISA; # any Single Employer Plan or Multiemployer Plan shall terminate for purposes of Title IV of ERISA, # the Company or any Commonly Controlled Entity shall, or in the reasonable opinion of the Required Banks is likely to, incur any liability in connection with the termination of or withdrawal from a Single Employer Plan or Multiemployer Plan or the Insolvency of a Multiemployer Plan; or # any other event or condition shall occur or exist with respect to a Single Employer Plan or Multiemployer Plan; and in each case in [clauses (i) through (vi) above], such event or condition, together with all other such events or conditions, if any, could reasonably be expected to subject the Company to any tax, penalty or other liabilities in the aggregate material in relation to the business, operations, property or financial or other condition of the Company; or

(i) any Person shall engage in any “prohibited transaction” (as defined in [Section 406] of ERISA or Section 4975 of the Code) involving any Plan, # any Single Employer Plan shall fail to satisfy the minimum funding standards (within the meaning of Section 412 of the Code or [Section 302] of ERISA) applicable to such Single Employer Plan, whether or not waived, or any Lien in favor of the PBGC or a Plan shall arise on the assets of the Borrower or any Commonly Controlled Entity, # a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Required , likely to result in the termination of such Plan for purposes of Title IV of ERISA, # any Single Employer Plan shall terminate for purposes of Title IV of ERISA, # the Borrower or any Commonly Controlled Entity shall, or in the reasonable opinion of the Required is likely to, incur any liability in connection with a withdrawal from, or the Insolvency of, a Multiemployer Plan, or # any other event

(i) any Person shall engage in any non-exempt Prohibited Transaction involving any Plan, # any failure to meet the minimum funding standards (as defined in Section 412 of the Code or [Section 302] of ERISA), whether or not waived, shall exist with respect to any Plan, # a Reportable Event shall occur with respect to a Single Employer Plan, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Required , likely to result in the termination of such Plan for purposes of Title IV of ERISA; # any Single Employer Plan shall terminate for purposes of Title IV of ERISA, # , any Subsidiary or any Control Group Person shall, or in the reasonable opinion of the Required shall be likely to, incur any liability in connection with a withdrawal from, or the termination, Insolvency or Reorganization of, a Multiemployer Plan, or # any other event or condition shall occur or exist, with respect to a Plan; and in each case in [clauses (i) through (vi) above], such event or condition, together with all other such events or conditions, if any, could reasonably be expected to have a Material Adverse Effect; or

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