Common use of ERISA Reporting Clause in Contracts

ERISA Reporting. Prompt written notice, and in any event within ten days after a Responsible Officer of the Lessee learns of its occurrence, of the following and the action the Lessee 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 the PBGC with respect thereto: (A) a Reportable Event with respect to any employee benefit plan; (B) the institution of any steps by the Lessee, any ERISA Affiliate, the PBGC or any other Person to terminate any employee benefit plan pursuant to Sections 4041(c) or 4042 of ERISA; (C) the institution of any steps by the Lessee or any ERISA Affiliate to withdraw from any Multiemployer Plan, within the meaning of ERISA which would result in a material adverse effect on the business, profits or financial condition of the Lessee and its Subsidiaries taken as a whole; (D) a "prohibited transaction" within the meaning of Section 406 of ERISA in connection with any employee benefit plan which would result in a material adverse effect on the business or financial condition of the Lessee; or (E) any increase in the liability of the Lessee with respect to any post-retirement welfare benefits which would result in a material adverse effect on the business or financial condition of the Lessee; and

ERISA Reporting. Prompt written notice, and in any event within ten days after a Responsible Officer of the Lessee learns five Business Days upon learning of its occurrence, of the following and the action the Lessee 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 the PBGC with respect thereto: (A) a Reportable Event with respect to any employee benefit plan; (B) the institution of any steps by the Lessee, any ERISA Affiliate, the PBGC or any other Person to terminate any employee benefit plan pursuant to Sections 4041(c) or 4042 of ERISA; (C) the institution of any steps by the Lessee or any ERISA Affiliate to withdraw from any Multiemployer Plan, within the meaning of ERISA which would result in a material adverse effect on the business, profits or financial condition of the Lessee and its Restricted Subsidiaries taken as a whole; (D) a "prohibited transaction" within the meaning of Section 406 of ERISA in connection with any employee benefit plan which would result in a material adverse effect on the business business, profits or financial condition of the LesseeLessee and its Restricted Subsidiaries, taken as a whole; or (E) any increase in the liability of the Lessee or any Subsidiary with respect to any post-retirement welfare benefits which would result in a material adverse effect on the business business, profits or financial condition of the LesseeLessee and its Restricted Subsidiaries, taken as a whole; and

ERISA Reporting. Prompt written notice, and in any event within ten ---------------- days after a Responsible Officer of the Lessee learns of its occurrence, of the following and the action the Lessee 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 the PBGC with respect thereto: (A) a Reportable Event with respect to any employee benefit plan; (B) the institution of any steps by the Lessee, any ERISA Affiliate, the PBGC or any other Person to terminate any employee benefit plan pursuant to Sections 4041(c) or 4042 of ERISA; (C) the institution of any steps by the Lessee or any ERISA Affiliate to withdraw from any Multiemployer Plan, within the meaning of ERISA which would result in a material adverse effect on the business, profits or financial condition of the Lessee and its Subsidiaries taken as a whole; (D) a "prohibited transaction" within the meaning of Section 406 of ERISA in connection with any employee benefit plan which would result in a material adverse effect on the business or financial condition of the Lessee; or (E) any increase in the liability of the Lessee with respect to any post-retirement welfare benefits which would result in a material adverse effect on the business or financial condition of the Lessee; and