Common use of Termination of Plans Clause in Contracts

Termination of Plans. Promptly and in any event within five Business Days after receipt thereof by the Parent, the Borrower or any other member of the Controlled Group from the PBGC, the Parent shall provide to the Administrative Agent copies of each notice received by the Parent, the Borrower or any such other member of the Controlled Group of the PBGC’s intention to terminate any Plan or to have a trustee appointed to administer any Plan;

Appears in 4 contracts

Samples: Credit Agreement (Helmerich & Payne, Inc.), Credit Agreement (Helmerich & Payne Inc), Credit Agreement (Helmerich & Payne Inc)

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Termination of Plans. Promptly and in any event within five Business Days after receipt thereof by the Parent, the Borrower Parent or any other member of the Controlled Group from the PBGC, the Parent shall provide to the Administrative Agent copies of each notice received by the Parent, the Borrower Parent or any such other member of the Controlled Group of the PBGC’s intention to terminate any Plan or to have a trustee appointed to administer any Plan;

Appears in 3 contracts

Samples: Credit Agreement (Rowan Companies PLC), Credit Agreement (Rowan Companies PLC), Credit Agreement (Rowan Companies PLC)

Termination of Plans. Promptly and in any event within five Business Days after receipt thereof by the Parent, the Borrower Parent or any other member of the Controlled Group from the PBGC, the Parent Credit Parties shall provide to the Administrative Agent copies of each notice received by the Parent, the Borrower Parent or any such other member of the Controlled Group of the PBGC’s 's intention to terminate any Plan or to have a trustee appointed to administer any Plan;

Appears in 1 contract

Samples: Credit Agreement (Boots & Coots International Well Control Inc)

Termination of Plans. Promptly and in any event within five Business Days after receipt thereof by the Parent, the Borrower Parent or any other member of the Controlled Group from the PBGC, the Parent shall provide to the Administrative Agent copies of each notice received by the Parent, the Borrower Parent or any such other member of the Controlled Group of the PBGC’s intention to terminate any Plan or to have a trustee appointed to administer any Plan;.

Appears in 1 contract

Samples: Credit Agreement (Rowan Companies PLC)

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Termination of Plans. Promptly and in any event within five Business Days 10 days after receipt thereof by the Parent, the Borrower Parent Company or any other member of the Controlled Group from the PBGC, the Parent shall provide to the Administrative Agent copies of each notice received by the Parent, the Borrower Parent Company or any such other member of the Controlled Group of the PBGC’s 's intention to terminate any Plan or to have a trustee appointed to administer any Plan;

Appears in 1 contract

Samples: Security Agreement (Pride International Inc)

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