Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) days after the Bank gives written notice to the Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the Borrower, as the case may be.
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Samples: Revolving Credit Agreement (Pawnmart Inc), Revolving Credit Agreement (Pawnmart Inc), Loan Agreement (Pawnmart Inc)
Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower or any Subsidiary, any reportable event (within the meaning of Section section 4043(b) of ERISA) which the Bank shall determine in good faith constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) days after the Bank gives written notice to the Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the Borrower, as the case may be.
Appears in 3 contracts
Samples: Revolving Credit Loan Agreement (Sterling Construction Co Inc), Credit Loan Agreement (Sterling Construction Co Inc), Loan Agreement (Neutral Posture Ergonomics Inc)
Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower or any of its Subsidiaries any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) days after the Bank gives written notice to the Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the BorrowerBorrower or any of its Subsidiaries, as the case may be.
Appears in 2 contracts
Samples: Revolving Credit Loan Agreement (Mission West Properties Inc), Revolving Credit Loan Agreement (Mission West Properties Inc)
Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower or any of its Subsidiaries any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) 30 days after the Bank gives written notice to the Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the BorrowerBorrower or any of its Subsidiaries, as the case may be.
Appears in 2 contracts
Samples: Credit Agreement (Nexx Systems Inc), Credit Agreement (Nexx Systems Inc)
Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower any Obligor or any Servicer any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine in good faith constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) days after the Bank gives written notice to the Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the Borrower, as the case may beany such Person.
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Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower Company or any of its Subsidiaries any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) days after the Bank gives written notice to the BorrowerCompany, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the BorrowerCompany or any of its Subsidiaries, as the case may be.
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Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower Borrower, any of its Subsidiaries or Guarantor any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) days after the Bank gives written notice to the Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the Borrower, any of its Subsidiaries or Guarantor, as the case may be.
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Occurrence of Certain Reportable Events. If there shall occur, --------------------------------------- with respect to any pension plan maintained by the Borrower Company any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) days after the Bank gives written notice to the BorrowerCompany, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the Borrower, as the case may beCompany.
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Samples: Revolving Credit Loan Agreement (Microfluidics International Corp)
Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower or any Subsidiary, any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine in good faith constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) 30 days after the Bank gives written notice to the Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the Borrower, as the case may beBorrower (or any Subsidiary).
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Samples: Loan Agreement (Maxco Inc)
Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower or any Subsidiary, any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine in good faith constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) days after the Bank gives written notice to the Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the Borrower, as the case may be.
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Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower Borrower, any of its Subsidiaries or Guarantor any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) 30 days after the Bank gives written notice to the Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the Borrower, any of its Subsidiaries or Guarantor, as the case may be.
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Samples: Credit Agreement (Ballast Point Brewing & Spirits, Inc.)
Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the a Borrower any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) days after the Bank gives written notice to the relevant Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the a Borrower, as the case may be.
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Samples: Credit Agreement (Xponential Inc)
Occurrence of Certain Reportable Events. If there shall occur, with respect to any pension plan maintained by the Borrower or any of the Subsidiaries any reportable event (within the meaning of Section 4043(b) of ERISA) which the Bank shall determine constitutes a ground for the termination of any such plan, and if such event continues for thirty (30) days after the Bank gives written notice to the Borrower, provided that termination of such plan or appointment of such trustee would, in the opinion of the Bank, have a materially adverse effect upon the operations, business, property, assets, financial condition or credit of the BorrowerBorrower or any of the Subsidiaries, as the case may be.
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