Common use of ERISA Liability Clause in Contracts

ERISA Liability. None of the Borrowers nor any of their respective Subsidiaries shall fail to meet all of the applicable minimum funding requirements of ERISA and the Code, without regard to any waivers thereof, and, to the extent that the assets of any of their respective Plans would be less than an amount sufficient to provide all accrued benefits payable under such Plans, shall make the maximum deductible contributions allowable under the Code. None of the Borrowers nor any of their respective Subsidiaries shall (a) become a participant in any Multiemployer Plan after the Agreement Date, or (b) withdraw from any Multiemployer Plan if such withdrawal would result in material liability to any Borrower or any Subsidiary of a Borrower.

Appears in 4 contracts

Samples: Credit Agreement (Bull Run Corp), Credit Agreement (Bull Run Corp), Credit Agreement (Bull Run Corp)

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ERISA Liability. None The Borrower and each of the Borrowers nor any of their respective Borrower's --------------- Subsidiaries shall not fail to meet all of the applicable minimum funding requirements of ERISA and the Code, without regard to any waivers thereof, and, to the extent that the assets of any of their respective its Plans would be less than an amount sufficient to provide all accrued benefits payable under such Plans, shall make the maximum deductible contributions allowable under the Code. None of Neither the Borrowers Borrower nor any of their respective the Borrower's Subsidiaries shall (a) become a participant in any Multiemployer Plan after the Agreement Date, or (b) withdraw from any Multiemployer Plan if such withdrawal would result in material liability to any the Borrower or any Subsidiary of a BorrowerSubsidiary.

Appears in 1 contract

Samples: Zenith Electronics Corp

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ERISA Liability. None The Borrower and each of the Borrowers nor any of their respective Borrower's Subsidiaries shall not fail to meet all of the applicable minimum funding requirements of ERISA and the Code, without regard to any waivers thereof, and, to the extent that the assets of any of their respective its Plans would be less than an amount sufficient to provide all accrued benefits payable under such Plans, shall make the maximum deductible contributions allowable under the Code. None of Neither the Borrowers Borrower nor any of their respective the Borrower's Subsidiaries shall (a) become a participant in any Multiemployer Plan after the Agreement Date, or (b) withdraw from any Multiemployer Plan if such withdrawal would result in material liability to any the Borrower or any Subsidiary of a BorrowerSubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Zenith Electronics Corp)

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