Common use of Notices Regarding Plans and Benefit Arrangements Clause in Contracts

Notices Regarding Plans and Benefit Arrangements. The Borrowers shall: (a) Within thirty (30) calendar days of such filing, provide a copy of each annual report which is filed with respect to each Plan with the Secretary of Labor or the PBGC; and (b) Promptly, upon their becoming available, provide copies of: (i) all non-routine correspondence with the PBGC, the Secretary of Labor or any representative of the IRS with respect to any Plan; (ii) copies of all reports received by any Borrower from its actuary with respect to any Plan; (iii) copies of any notices of Plan termination filed by any Plan Administrator (as those terms are used in ERISA) with the PBGC and of any notices from the PBGC to any Borrower with respect to the intent of the PBGC to institute involuntary termination proceedings; and (iv) copies of all non- routine correspondence with the plan sponsor with respect to any Multiemployer Plan or Multiple Employer Plan.

Appears in 1 contract

Sources: Credit Agreement (Internet Capital Group Inc)

Notices Regarding Plans and Benefit Arrangements. The Borrowers shall: (a) Within thirty (30) calendar days of Concurrently with such filing, provide a copy of each annual report which is filed with respect to each Plan with the Secretary of Labor or the PBGC; and (b) Promptly, upon their becoming available, provide copies of: (i) all non-routine correspondence with the PBGC, the Secretary of Labor or any representative of the IRS with respect to any Plan; (ii) copies of all reports received by any Borrower from its actuary with respect to any Plan; (iii) copies of any notices of Plan termination filed by any Plan Administrator (as those terms are used in ERISA) with the PBGC and of any notices from the PBGC to any Borrower with respect to the intent of the PBGC to institute involuntary termination proceedings; and (iv) copies of all non- routine correspondence with the plan sponsor with respect to any Multiemployer Plan or Multiple Employer Plan.

Appears in 1 contract

Sources: Credit Agreement (Internet Capital Group Inc)