Reversion of Pension Plans. The Company shall prepay the Loans (or provide cover for Letter of Credit Liabilities as provided below) in the amount of and on the date of each receipt by the Company or any of its Subsidiaries of Net Cash Proceeds from the termination of a Plan.
Appears in 4 contracts
Samples: Credit Agreement (Applied Extrusion Technologies Inc /De), Credit Agreement (Applied Extrusion Technologies Inc /De), Credit Agreement (Trans Resources Inc)
Reversion of Pension Plans. The Company shall prepay the Loans (or provide cover for Letter of Credit Liabilities as provided below) in the amount of and on the date of each receipt by the Company or any of its Subsidiaries of Net Cash Proceeds from the termination of a Plan.receipt
Appears in 1 contract
Samples: Credit Agreement (Applied Extrusion Technologies Inc /De)
