Common use of ERISA Notices and Requests Clause in Contracts

ERISA Notices and Requests. Furnish Agent with written notice promptly after any Loan Party or any member of the Controlled Group knows or has reason to know that (i) a Termination Event has occurred, together with a written statement describing such Termination Event and the action, if any, which any Loan Party or member of the Controlled Group has taken, is taking, or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, Department of Labor or PBGC with respect thereto, (ii) a prohibited transaction (as defined in Sections 406 of ERISA and 4975 of the Code) has occurred, together with a written statement describing such transaction and the action which such Loan Party or any member of the Controlled Group has taken, is taking or proposes to take with respect thereto, (iii) a funding waiver request has been filed with respect to any Pension Benefit Plan, together with all communications received by any Loan Party or any member of the Controlled Group 94

ERISA Notices and Requests. Furnish Agent with written notice promptly after any Loan Party or any member of the Controlled Group knows or has reason to know that (i) a Termination Event has occurred, together with a written statement describing such Termination Event and the action, if any, which any Loan Party or member of the Controlled Group has taken, is taking, or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, Department of Labor or PBGC with respect thereto, (ii) a prohibited transaction (as defined in Sections 406 of ERISA and 4975 of the Code) has occurred, together with a written statement describing such transaction and the action which such Loan Party or any member of the Controlled Group has taken, is taking or proposes to take with respect thereto, (iii) a funding waiver request has been filed with respect to any Pension Benefit Plan, together with all communications received by any Loan Party or any member of the Controlled Group 94with respect to such request, (iv) a Multiemployer Plan has been terminated or the administrator or plan sponsor of a Multiemployer Plan has provided notice to any Loan Party or any member of the Controlled Group of an intent to terminate a Multiemployer Plan.

ERISA Notices and Requests. Furnish Agent with written notice promptly after any Loan Party or any member of the Controlled Group knows or has reason to know that (i) a Termination Event has occurred, together with a written statement describing such Termination Event and the action, if any, which any Loan Party or member of the Controlled Group has taken, is taking, or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, Department of Labor or PBGC with respect thereto, (ii) a prohibited transaction (as defined in Sections 406 of ERISA and 4975 of the Code) has occurred, together with a written statement describing such transaction and the action which such Loan Party or any member of the Controlled Group has taken, is taking or proposes to take with respect thereto, (iii) a funding waiver request has been filed with respect to any Pension Benefit Plan, together with all communications received by any Loan Party or any member of the Controlled Group with respect to such request, (iv) a Multiemployer Plan has been terminated or the administrator or plan sponsor of a Multiemployer Plan has provided notice to any Loan Party or any member of the Controlled Group of an intent to terminate a Multiemployer Plan. 94