Common use of ERISA Termination Event Clause in Contracts

ERISA Termination Event. The occurrence of any of the following events if it has or in the reasonable opinion of the Agent is likely to have a Material Adverse Effect: 23.22.1 any Borrower, any Group Company or any ERISA Affiliate fails to make full payment when due of all amounts which, under the provisions of any Pension Plan or Section 412 of the Code, such Borrower, Subsidiary or ERISA Affiliate is required to pay as contributions thereto; 23.22.2 an accumulated funding deficiency in excess of $100,000 occurs or exists, whether or not waived, with respect to any Pension Plan; 23.22.3 a Termination Event; or 23.22.4 any Borrower, any Group Company or any ERISA Affiliate as employers under one or more Multiemployer Plan makes a complete or partial withdrawal from any such Multiemployer Plan and the plan sponsor of such Multiemployer Plans notifies such withdrawing employer that such employer has incurred a withdrawal liability requiring payments in an amount exceeding $100,000.

ERISA Termination Event. The occurrence of any of the following events if it has or in the reasonable opinion of the Agent is likely to would have a Material Adverse Effect: 23.22.1 23.20.1 any Borrower, any Group Company or any ERISA Affiliate fails to make full payment when due of all amounts which, under the provisions of any Pension Plan or Section 412 of the Code, such Borrower, Subsidiary or ERISA Affiliate is required to pay as contributions thereto; 23.22.2 23.20.2 an accumulated funding deficiency in excess of $100,000 250,000 occurs or exists, whether or not waived, with respect to any Pension Plan; 23.22.3 23.20.3 a Termination Event; or 23.22.4 23.20.4 any Borrower, any Group Company or any ERISA Affiliate as employers under one or more Multiemployer Plan makes a complete or partial withdrawal from any such Multiemployer Plan and the plan sponsor of such Multiemployer Plans notifies such withdrawing employer that such employer has incurred a withdrawal liability requiring payments in an amount exceeding $100,000250,000.