Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ which is an employee welfare benefit plan within the meaning ofss.3(1) orss.3(2)(B) of ERISA, provides benefit coverage subsequent to termination of employment, except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower without liability to any Person other than for claims arising prior to termination.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Fairfield Communities Inc), Credit Agreement (Fairfield Communities Inc)
Terminability of Welfare Plans. No Except as set forth on Schedule 6.16 hereto, no Employee Benefit Plan, ------------------------------ which is an employee welfare benefit plan within the meaning ofss.3(1of Section 3(1) orss.3(2)(Bor Section 3(2)(B) of ERISA, provides benefit coverage subsequent to termination of employment, except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower without liability to any Person other than for claims arising prior to termination.
Appears in 1 contract
Samples: Revolving Credit Agreement (Transact Technologies Inc)
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ which is an employee welfare benefit plan within the meaning ofss.3(1of (S)3(1) orss.3(2)(Bor (S)3(2)(B) of ERISA, provides benefit coverage subsequent to termination of employment, except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower without liability to any Person other than for claims arising prior to termination. 8.16.3.
Appears in 1 contract
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ which is an employee welfare benefit plan within the meaning ofss.3(1of ss.3(1) orss.3(2)(Bor ss.3(2)(B) of ERISA, provides benefit coverage coverAge subsequent to termination of employment, except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The A Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the such Borrower without liability to any Person other than for claims arising prior to termination.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Casella Waste Systems Inc)
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ Plan which is an employee welfare benefit plan within the meaning ofss.3(1of sec.3(1) orss.3(2)(Bor sec.3(2)(B) of ERISA, ERISA provides benefit coverage subsequent to termination of employment, employment except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower without liability to any Person other than for claims arising prior to termination.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Dynatech Corp)
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ Plan which ------------- -- ------- ----- is an employee welfare benefit plan within the meaning ofss.3(1of (S)3(1) orss.3(2)(Bor (S)3(2)(B) of ERISA, ERISA provides benefit coverage subsequent to termination of employment, except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Borrower Subject to applicable legal requirements, the Company or an ERISA Affiliate, as appropriate, may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower Company or such ERISA Affiliate without liability to any Person other than for claims arising prior to termination.
Appears in 1 contract
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ Plan which is an employee welfare benefit plan within the meaning ofss.3(1of Section 3(1) orss.3(2)(Bor Section 3(2)(B) of ERISA, provides benefit coverage subsequent to termination of employment, except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower without liability to any Person other than for claims arising prior to termination.
Appears in 1 contract
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ Plan which is an employee welfare benefit plan within the meaning ofss.3(1of section 3(1) orss.3(2)(Bor section 3(2)(B) of ERISA, ERISA provides benefit coverage subsequent to termination of employment, except as required by Title I, Subtitle B, Part 6 of ERISA or the applicable state insurance lawslaw. The Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower without liability to any Person other than for claims arising or benefits accruing prior to termination.
Appears in 1 contract
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ Plan which is an employee welfare benefit plan within the meaning ofss.3(1of Section 3(1) orss.3(2)(Bor Section 3(2)(B) of ERISA, provides benefit coverage subsequent to termination of employment, except as required by Title I, Part 6 of ERISA ERISA, or the applicable state insurance laws. The Borrower or an ERISA Affiliate, as appropriate, may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower or such ERISA Affiliate without liability to any Person Person, other than for claims arising prior to termination.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Mercury Air Group Inc)
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ Plan which is an employee welfare benefit plan within the meaning ofss.3(1of section 3(1) orss.3(2)(Bor section 3(2)(B) of ERISA, provides benefit coverage subsequent to termination of employment, employment except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Any Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the such Borrower without liability to any Person other than for claims arising prior to termination.
Appears in 1 contract
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ Plan which is an employee welfare benefit plan within the meaning ofss.3(1of ss.3(1) orss.3(2)(Bor ss.3(2)(B) of ERISA, ERISA provides benefit coverage subsequent to termination of employment, employment except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower or such ERISA Affiliate without liability to any Person other than for claims arising prior to termination.
Appears in 1 contract
Samples: Revolving Credit Agreement (National Auto Finance Co Inc)
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ which is an employee welfare benefit plan within the meaning ofss.3(1of ss.3(1) orss.3(2)(Bor ss.3(2)(B) of ERISA, provides benefit coverage subsequent to termination of employment, except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Borrower or an ERISA Affiliate may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower or an ERISA Affiliate without liability to any Person other than for claims arising prior to termination.
Appears in 1 contract
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ Plan which is an employee welfare benefit plan within the meaning ofss.3(1of Section 3(1) orss.3(2)(Bor Section 3(2)(B) of ERISA, ERISA provides benefit coverage subsequent to termination of employment, except as required by Title I, Subtitle B, Part 6 of ERISA or the applicable state insurance lawslaw. The Borrower may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower without liability to any Person other than for claims arising or benefits accruing prior to termination.
Appears in 1 contract
Terminability of Welfare Plans. No Employee Benefit Plan, ------------------------------ which is an employee welfare benefit plan within the meaning ofss.3(1of ss.3(1) orss.3(2)(Bor ss.3(2)(B) of ERISA, provides benefit coverage subsequent to termination of employmentemploymeNt, except as required by Title I, Part 6 of ERISA or the applicable state insurance laws. The Borrower Borrowers may terminate each such Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Borrower Borrowers without liability to any Person other than for claims arising prior to termination.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Furrs Restaurant Group Inc)