Common use of ERISA Information and Compliance Clause in Contracts

ERISA Information and Compliance. Each Borrower shall and shall cause each Subsidiary to promptly furnish to the Agent immediately upon becoming aware of the occurrence of any "reportable event", as such term is defined in Section 4043 of ERISA, or of any "prohibited transaction", as such term is defined in Section 4975 of the Internal Revenue Code of 1954, as amended, in connection with any Plan or any trust created thereunder, a written notice signed by the chief financial officer of such Borrowers or such Subsidiary specifying the nature thereof, what action Borrowers or such Subsidiary is taking or proposes to take with respect thereto, and, when known, any action taken by the Internal Revenue Service with respect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Atwood Oceanics Inc), Credit Agreement (Atwood Oceanics Inc), Credit Agreement (Atwood Oceanics Inc)

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ERISA Information and Compliance. Each The Borrower shall will, and shall will cause each Subsidiary to to, promptly furnish to the Administrative Agent immediately upon becoming aware of the occurrence of any "reportable event", as such term is defined in Section 4043 of ERISA, or of any "prohibited transaction", as such term is defined in Section 4975 of the Internal Revenue Code of 1954, as amended, in connection with any Plan or any trust created thereunder, a written notice signed by the chief financial officer of such Borrowers Borrower or such Subsidiary specifying the nature thereof, what action Borrowers Borrower or any such Subsidiary is taking or proposes to take with respect thereto, and, when known, any action taken by the Internal Revenue Service with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Range Resources Corp), Credit Agreement (Range Resources Corp)

ERISA Information and Compliance. Each Borrower shall and shall cause each Subsidiary to promptly furnish to the Agent immediately upon becoming aware of the occurrence of any "reportable event", as such term is defined in Section 4043 of ERISA, or of any "prohibited transaction", as such term is defined in Section 4975 of the Internal Revenue Code of 1954, as amended, in connection with any Plan or any trust created thereunder, a written notice signed by the chief financial officer of such Borrowers Borrower or such Subsidiary specifying the nature thereof, what action Borrowers Borrower or such Subsidiary is taking or proposes to take with respect thereto, and, when known, any action taken by the Internal Revenue Service with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Atwood Oceanics Inc), Credit Agreement (Atwood Oceanics Inc)

ERISA Information and Compliance. Each The Borrower shall will,\ and shall will cause each Subsidiary to to, promptly furnish to the Administrative Agent immediately upon becoming aware of the occurrence of any "reportable event", as such term is defined in Section 4043 of ERISA, or of any "prohibited transaction", as such term is defined in Section 4975 of the Internal Revenue Code of 1954, as amended, in connection with any Plan or any trust created thereunder, a written notice signed by the chief financial officer of such Borrowers Borrower or such Subsidiary specifying the nature thereof, what action Borrowers Borrower or any such Subsidiary is taking or proposes to take with respect thereto, and, when known, any action taken by the Internal Revenue Service with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

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ERISA Information and Compliance. Each Borrower shall and shall cause each Consolidated Subsidiary to will promptly furnish to the Agent immediately upon becoming aware of the occurrence of any "reportable event", as such term is defined in Section 4043 of ERISA, or of any "prohibited transaction", as such term is defined in Section 4975 of the Internal Revenue Code of 1954, as amended, in connection with any Plan or any trust created thereunder, a written notice signed by the chief financial officer of such Borrowers Borrower or such Consolidated Subsidiary specifying the nature thereof, what action Borrowers or such Subsidiary Borrower is taking or proposes to take with respect thereto, and, when known, any action taken by the Internal Revenue Service with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Global Industries LTD)

ERISA Information and Compliance. Each Borrower shall will, and shall will cause each Subsidiary to Guarantor to, promptly furnish to the Agent immediately upon becoming aware of the occurrence of any "reportable event", as such term is defined in Section 4043 of ERISA, or of any "prohibited transaction", as such term is defined in Section 4975 of the Internal Revenue Code of 1954, as amended, in connection with any Plan or any trust created thereunder, a written notice signed by the chief financial officer of such Borrowers any Borrower or such Subsidiary any Guarantor specifying the nature thereof, what action Borrowers or such Subsidiary party is taking or proposes to take with respect thereto, and, when known, any action taken by the Internal Revenue Service with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

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