Common use of PENSION PROGRAM Clause in Contracts

PENSION PROGRAM. Immediately upon the Borrower's --------------- realization of Net Cash Proceeds attributable to the termination of the Ethyl Corporation Pension Plan, the Borrower shall prepay the Loans in an aggregate amount equal to 100% of the Net Cash Proceeds received from such plan (such prepayment to be applied as set forth in clause (vii) below).

Appears in 1 contract

Sources: Credit Agreement (Ethyl Corp)

PENSION PROGRAM. Immediately upon the Borrower's --------------- realization of Net --------------- Cash Proceeds attributable to the termination of the Ethyl Corporation Pension Plan, the Borrower shall prepay the Loans in an aggregate amount equal to 100% of the Net Cash Proceeds received from such plan (such prepayment to be applied as set forth in clause (vii) below).

Appears in 1 contract

Sources: Credit Agreement (Ethyl Corp)