Common use of Plan Terminations Clause in Contracts

Plan Terminations. The Borrower will not, and will not permit any ERISA Affiliate to, terminate any Pension Plan so as to result in liability of the Borrower or any ERISA Affiliate to the PBGC in excess of $25,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of $25,000,000.

Appears in 9 contracts

Sources: Credit Agreement (Hormel Foods Corp /De/), Term Loan Agreement (Hormel Foods Corp /De/), Credit Agreement

Plan Terminations. The Borrower will not, and will not permit any ERISA Affiliate to, terminate any Pension Plan so as to result in liability of the Borrower or any ERISA Affiliate to the PBGC in excess of $25,000,00015,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of $25,000,00015,000,000.

Appears in 9 contracts

Sources: Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp)

Plan Terminations. The Borrower Partnership will not, and will not permit any ERISA Affiliate to, terminate any Pension Plan so as to result in liability of the Borrower Partnership or any ERISA Affiliate to the PBGC in excess of $25,000,00015,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower Partnership or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of $25,000,00015,000,000.

Appears in 3 contracts

Sources: Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp)

Plan Terminations. The Borrower Corporation will not, and will not permit any ERISA Affiliate to, terminate any Pension Plan so as to result in liability of the Borrower Corporation or any ERISA Affiliate to the PBGC in excess of $25,000,00015,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower Corporation or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of $25,000,00015,000,000.

Appears in 3 contracts

Sources: Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp), Credit Agreement (Computer Sciences Corp)

Plan Terminations. The Borrower Partnership will not, and will not ----------------- permit any ERISA Affiliate to, terminate any Pension Plan so as to result in liability of the Borrower Partnership or any ERISA Affiliate to the PBGC in excess of $25,000,00015,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower Partnership or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of $25,000,00015,000,000.

Appears in 1 contract

Sources: Credit Agreement (Short Term Facility) (Computer Sciences Corp)

Plan Terminations. The Borrower Partnership will not, and ----------------- will not permit any ERISA Affiliate to, terminate any Pension Plan so as to result in liability of the Borrower Partnership or any ERISA Affiliate to the PBGC in excess of $25,000,00015,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower Partnership or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of $25,000,00015,000,000.

Appears in 1 contract

Sources: Credit Agreement (Long Term Facility) (Computer Sciences Corp)

Plan Terminations. The Borrower Corporation will not, and will not ----------------- permit any ERISA Affiliate to, terminate any Pension Plan so as to result in liability of the Borrower Corporation or any ERISA Affiliate to the PBGC in excess of $25,000,00015,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower Corporation or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of $25,000,00015,000,000.

Appears in 1 contract

Sources: Credit Agreement (Short Term Facility) (Computer Sciences Corp)

Plan Terminations. The Borrower will not, and will not permit any ERISA Affiliate to, terminate any Pension Plan so as to result in liability of the Borrower or any ERISA Affiliate to the PBGC individually or in the aggregate in excess of $25,000,0005,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC individually or in the aggregate in excess of $25,000,0005,000,000.

Appears in 1 contract

Sources: Credit Agreement (McIi Holdings Usa Inc)

Plan Terminations. The Borrower Company will not, not and will not permit any ERISA Affiliate toto terminate, terminate any Pension Plan so as to result in liability of the Borrower Company or any ERISA Affiliate to the PBGC in excess of $25,000,0005,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower Company or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of $25,000,0005,000,000.

Appears in 1 contract

Sources: Credit Agreement (Bwip Inc)

Plan Terminations. The Borrower Company will not, not and will not permit any ERISA Affiliate to, terminate any Pension Plan so as to result in liability of the Borrower Company or any ERISA Affiliate to the PBGC in excess of $25,000,00015,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower Company or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of $25,000,000.15,000,000. 58 Amended and Restated Credit Agreement (Long Term)

Appears in 1 contract

Sources: Credit Agreement (Viad Corp)

Plan Terminations. The Borrower Corporation will not, and ----------------- will not permit any ERISA Affiliate to, terminate any Pension Plan so as to result in liability of the Borrower Corporation or any ERISA Affiliate to the PBGC in excess of $25,000,00015,000,000, or permit to exist any occurrence of an event or condition which reasonably presents a material risk of a termination by the PBGC of any Pension Plan with respect to which the Borrower Corporation or any ERISA Affiliate would, in the event of such termination, incur liability to the PBGC in excess of $25,000,00015,000,000.

Appears in 1 contract

Sources: Credit Agreement (Long Term Facility) (Computer Sciences Corp)