Common use of Plan Terminations Clause in Contracts

Plan Terminations. Promptly and in any event within two Business Days after receipt thereof by any Loan Party or any ERISA Affiliate, copies of each notice from the PBGC stating its intention to terminate any Plan or to have a trustee appointed to administer any Plan, PROVIDED, HOWEVER, that there shall be no obligation to furnish copies of any such notice received by an ERISA Affiliate that is not received by a Loan Party unless such termination or appointment could be reasonably likely to have a Material Adverse Effect.

Plan Terminations. Promptly and in any event within two Business Days after receipt thereof by any Loan Credit Party or any ERISA Affiliate, copies of each notice from the PBGC stating its intention to terminate any ERISA Plan or to have a trustee appointed to administer any ERISA Plan, PROVIDED, HOWEVER, that there shall be no obligation to furnish copies of any such notice received by an ERISA Affiliate that is not received by a Loan Party unless such termination or appointment could be reasonably likely to have a Material Adverse Effect.