Common use of Terminability of Welfare Plans Clause in Contracts

Terminability of Welfare Plans. Under each Employee Benefit ------------------------------ Plan which is an employee welfare benefit plan within the meaning of (S)3(1) or (S)3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I, Part 6 of ERISA) . The Borrower or an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms 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.

Terminability of Welfare Plans. Under Except as could not reasonably be expected to have a Material Adverse Effect, (i) under each Employee Benefit ------------------------------ Plan which is an employee welfare benefit plan within the meaning of (S)3(1§3(1) or (S)3(2)(B§3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I1, Part 6 of ERISA), and (ii) . The the Borrower or an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms employee welfare benefit 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 the Borrower or any PersonSubsidiary.

Terminability of Welfare Plans. Under each Employee Benefit Plan ------------------------------ Plan which is an employee welfare benefit plan within the meaning of (S)3(1) or (S)3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I, Part 6 of ERISA) ). The Borrower or an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms 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, except as would not be likely to have a Material Effect.

Terminability of Welfare Plans. Under Except as could not reasonably be expected to have a Material Adverse Effect, (i) under each Employee Benefit ------------------------------ Plan which is an employee welfare benefit plan within the meaning of (S)3(1Section 3(1) or (S)3(2)(BSection 3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I1, Part 6 of ERISA), and (ii) . The Borrower the Company or an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms employee welfare benefit 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 the Company or any PersonSubsidiary.

Terminability of Welfare Plans. Under Except as could not reasonably be expected to have a Material Adverse Effect, (i) under each Employee Benefit ------------------------------ Plan which is an employee welfare benefit plan within the meaning of (S)3(1§3(1) or (S)3(2)(B§3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I1, Part 6 of ERISA), and (ii) . The any Borrower or an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms employee welfare benefit plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the such Borrower or such ERISA Affiliate without liability to any PersonBorrower or any Subsidiary.

Terminability of Welfare Plans. Under each Employee Benefit ------------------------------ Plan ------------- -- ------- ----- which is an employee welfare benefit plan within the meaning of (S)3(1) or (S)3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I, Part part 6 of ERISA.) . The Each Borrower or an any ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the such Borrower or such any ERISA Affiliate without liability to any PersonPerson by reason of such termination.

Terminability of Welfare Plans. Under each Employee Benefit ------------------------------ ------------- -- ------- ----- Plan which is an employee welfare benefit plan within the meaning of (S)3(1) or (S)3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I, Part 6 of ERISA) ). The Borrower Subject to applicable legal requirements, the Company or an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms 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.