Common use of ERISA Matters Clause in Contracts

ERISA Matters. Borrower has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its properties or assets.

Appears in 15 contracts

Samples: Loan and Security Agreement (Sri Surgical Express Inc), Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Obsidian Enterprises Inc)

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ERISA Matters. Each Borrower has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its properties or assets.

Appears in 8 contracts

Samples: Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Wells Gardner Electronics Corp)

ERISA Matters. Borrower has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien Lien against any of its properties or assets.

Appears in 5 contracts

Samples: Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp)

ERISA Matters. Borrower Each Obligor has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its properties or assets.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Emcore Corp), Loan and Security Agreement (Sl Industries Inc)

ERISA Matters. Borrower has and each of its Subsidiaries have paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its properties or assets.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cobra Electronics Corp), Loan and Security Agreement (Cobra Electronics Corp)

ERISA Matters. Borrower has Borrowers have paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of would reasonably be expected to have a lien against any of its properties or assetsMaterial Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Westmoreland Resource Partners, LP), Loan and Security Agreement (WESTMORELAND COAL Co)

ERISA Matters. Each Borrower has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien Lien against any of its properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Industries Corp)

ERISA Matters. Borrower has Borrowers have paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of would reasonably be expected to have a lien against any of its properties or assets.Material Adverse Effect. 77

Appears in 1 contract

Samples: Loan and Security Agreement (WESTMORELAND COAL Co)

ERISA Matters. Borrower has Borrowers have paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its their properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Coast Distribution System Inc)

ERISA Matters. Each Borrower and each Guarantor, as applicable, has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Medical Technology Systems Inc /De/)

ERISA Matters. Each Borrower and Subsidiary has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Numatics Inc)

ERISA Matters. Borrower has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might would reasonably be likely to result in the imposition of a lien against any of its properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Healthcare Products Inc)

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ERISA Matters. Each Borrower has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might would reasonably be expected to result in the imposition of a lien against any material portion of its properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Broadwind Energy, Inc.)

ERISA Matters. Each Borrower (and each of its Subsidiaries) has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Am Communications Inc)

ERISA Matters. Both before and after the Merger, Borrower has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Cohen Phillip Ean)

ERISA Matters. Borrower has The Borrowers have paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of would reasonably be expected to have a lien against any of its properties or assetsMaterial Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (WESTMORELAND COAL Co)

ERISA Matters. Parent and each Borrower has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (DHB Capital Group Inc /De/)

ERISA Matters. Borrower (and each Guarantor) has paid and discharged all obligations and liabilities due and arising under ERISA of a character which, if unpaid or unperformed, might would reasonably be expected to result in the imposition of a lien against any of its properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Dynasil Corp of America)

ERISA Matters. Borrower and each of its Subsidiaries has paid and discharged all obligations and liabilities arising under ERISA of a character which, if unpaid or unperformed, might result in the imposition of a lien against any of its properties or assets.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Medical Products Inc)

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