ERISA Liabilities definition

ERISA Liabilities means at any time the minimum liability with respect to Plans that would be required to be reflected at such time as a liability on the consolidated balance sheet of the Borrower under GAAP.

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ERISA Liabilities without duplication, the aggregate of all unfunded vested benefits under all Plans and all potential withdrawal liabilities under all Multiemployer Plans.

ERISA Liabilities means the aggregate of all unfunded vested benefits under any employee pension benefit plan, within the meaning of Section 3(2) of ERISA, of the BORROWER or any ERISA AFFILIATE of the BORROWER under any plan covered by ERISA that is not a MULTIEMPLOYER PLAN and all potential withdrawal liabilities of the BORROWER or any ERISA AFFILIATE under all MULTIEMPLOYER PLANS.

Examples of ERISA Liabilities in a sentence

• Create or suffer to exist, as at the end of any fiscal quarter of Borrower, any ERISA Liabilities of the Borrower in an aggregate amount in excess of $750,000,000.

• As of the filing date of the Borrower's Form 10-K, Form 10-Q or Form 8-K most recently filed with the SEC, the Borrower had no material undisclosed ERISA Liabilities under any Plans.

• Create or suffer to exist, or permit any Restricted Subsidiary to create or suffer to exist, any ERISA Liabilities if immediately after giving effect to such ERISA Liabilities, the aggregate amount of ERISA Liabilities of the Parent and its Restricted Subsidiaries would exceed $125,000,000.

• The Holders shall indemnify Purchaser dollar for dollar with respect to any losses associated with ERISA Liabilities and Parent's, Second Intermediary Parent's, First Intermediary Parent's and Indirect Parent's Taxes.

• The total maximum aggregate indemnification liability of the Holders for any Losses arising under Sections 10.2(a) and (b) (including Losses arising from a breach of Section 2.20 of this Agreement but excluding claims related to ERISA Liabilities and Parent's, Second Intermediary Parent's, First Intermediary Parent's and Indirect Parent's Taxes) shall not exceed $3,000,000 (three million).

More Definitions of ERISA Liabilities

ERISA Liabilities shall have the meaning set forth in Section 8(b)(vi).

ERISA Liabilities means the aggregate of all unfunded vested benefits under any employee pension benefit plan, within the meaning of Section 3(2) of ERISA, of Borrower or any ERISA Affiliate of Borrower under any plan covered by ERISA that is not a Multiemployer Plan and all potential withdrawal liabilities of any thereof under all Multiemployer Plans.

ERISA Liabilities means at any time the minimum liability with respect to Plans which would be required to be reflected at such time as a liability on the Consolidated

ERISA Liabilities shall have the meaning set forth in Section 4.2(g).

ERISA Liabilities means at any time the minimum liability with respect to Plans which would be required to be reflected at such time as a liability on the Consolidated balance sheet of Pride under paragraphs 36 and 70 of Statement of Financial Accounting Standards No. 87, as such Statement may from time to time be amended, modified or supplemented, or under any successor statement issued in replacement thereof.

ERISA Liabilities means any Liability, loss, cost or expense incurred by the Company or any Subsidiary and arising out of any breach of a representation or warranty included in Section 4.15.

ERISA Liabilities means all Liabilities arising under Title IV of ERISA or COBRA by reason of the Company and Safety-Kleen or any of Safety-Kleen's current or former Affiliates being deemed a "single employer" within the meaning of Section 4001(b) of ERISA, but not including for this purpose any Liabilities under the Company Plans or COBRA obligations assumed by the Purchaser pursuant to Paragraph 10C.