Common use of Pension Benefits Clause in Contracts

Pension Benefits. Neither the Borrower nor any Subsidiary maintains a "Plan" as defined in Section 3 of the Employees Retirement Income Security Act of 1974 ("ERISA"), or each such entity is in compliance with the minimum funding requirements with respect to any such "Plan" maintained by it and it has not incurred any material liability to the Pension Benefit Guaranty Corporation ("PBGC") or otherwise under ERISA in connection with any such Plan.

Appears in 6 contracts

Samples: 1998 Term Credit Agreement (Data Transmission Network Corp), 1996 Revolving Credit Agreement (Data Transmission Network Corp), Term Credit Agreement (Data Transmission Network Corp)

AutoNDA by SimpleDocs

Pension Benefits. Neither the Borrower nor any Subsidiary maintains a "Plan" as defined in Section 3 3(3) of the Employees Employee Retirement Income Security Act of 1974 1974, as amended ("ERISA"), or each such entity is in compliance with the minimum funding requirements with respect to any such "Plan" maintained by it to the extent applicable, and it has not incurred any material liability to the Pension Benefit Guaranty Corporation ("PBGC") or otherwise under ERISA in connection with any such Plan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Ameritrade Holding Corp), Revolving Credit Agreement (Ameritrade Holding Corp)

Pension Benefits. Neither the Borrower nor any Subsidiary maintains a "Plan" an employee benefits pension plan as defined in Section 3 3(3) of the Employees Employee Retirement Income Security Act of 1974 1974, as amended ("ERISA") (a "Plan"), or each such entity is in compliance with the minimum funding requirements with respect to any such "Plan" Plan maintained by it to the extent applicable, and it has not incurred any material liability to the Pension Benefit Guaranty Corporation ("PBGC"other than liability for premiums) or otherwise under ERISA in connection with any such Plan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Ameritrade Holding Corp), Revolving Credit Agreement (Ballantyne of Omaha Inc)

Pension Benefits. Neither the The Borrower nor any Subsidiary maintains does not maintain a "Plan" as defined in Section 3 of the Employees Retirement Income Security Act of 1974 ("ERISA"), ) or each such entity is in compliance with the minimum funding requirements with respect to any such "Plan" maintained by it the Borrower and it the Borrower has not incurred any material liability to the Pension Benefit Guaranty Corporation ("PBGC") or otherwise under ERISA in connection with any such Plan.

Appears in 1 contract

Samples: 1996 Term Credit Agreement (Data Transmission Network Corp)

AutoNDA by SimpleDocs

Pension Benefits. Neither the Borrower nor any Subsidiary maintains a "Plan" Plan as defined in Section 3 3(3) of the Employees Retirement Income Security Act of 1974 ("ERISA"), or each such entity is in compliance with the minimum funding requirements with respect to any such "Plan" Plan maintained by it to the extent applicable, and it has not incurred any material liability to the Pension Benefit Guaranty Corporation ("PBGC"other than liability for premiums) or otherwise under ERISA in connection with any such Plan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameritrade Holding Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.