Commonly Controlled Entities definition

Commonly Controlled Entities shall have the meaning provided in Section 4.11(a).
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Commonly Controlled Entities means entities sharing "common control" under ERISA.
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Commonly Controlled Entities has: withdrawn from a multi-employer Plan during a plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA; or failed to make a payment to a Plan required under Section 302(f)(1) of ERISA such that security would have to be provided pursuant to Section 307 of ERISA. No lien upon the assets of Borrower has arisen with respect to a Plan. To the best knowledge of Borrower, no prohibited transaction or Reportable Event has occurred with respect to a Plan. Borrower and each Commonly Controlled Entity has made all contributions required to be made by them to any Plan or multi-employer Plan when due. There is no accumulated funding deficiency in any Plan, whether or not waived.
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Examples of Commonly Controlled Entities in a sentence

  • Based upon GAAP existing as of the date of this Agreement and current factual circumstances, the Borrower has no reason to believe that the annual cost during the term of this Agreement to the Borrower and all Commonly Controlled Entities for post-retirement benefits to be provided to the current and former employees of the Borrower and all Commonly Controlled Entities under Plans which are welfare benefit plans (as defined in Section 3(1) of ERISA) will, in the aggregate, have a Material Adverse Effect.

  • Each Borrower will, and will cause each of its Commonly Controlled Entities to, comply with the funding requirements of ERISA with respect to Plans for its respective employees.

  • No Restricted Entity nor any of their respective Commonly Controlled Entities participates in or during the past five years has participated in any employee pension benefit plan covered by Title IV of ERISA or any multiemployer plan under Section 4001(a)(3) of ERISA.

  • The liability to which the Commonly Controlled Entities would become subject under ERISA if they were to withdraw completely from all Multiemployer Plans as of the most recent valuation date is not in excess of $100,000.

  • Comply (and with respect to Plans covered by Title IV of ERISA, cause their respective Commonly Controlled Entities to comply) in all material respects with the applicable provisions of ERISA and the Code and other applicable laws, rules and regulations with respect to any Plan, the failure of which could reasonably be expected to result in a Material Adverse Effect.

  • The Borrower will, and will cause each of its Commonly Controlled Entities to, comply with the funding requirements of ERISA with respect to Plans for its respective employees.

  • Each Restricted Entity and each of their respective Commonly Controlled Entities are in compliance with all provisions of ERISA to the extent that the failure to be in compliance could reasonably be expected to cause a Material Adverse Change.

  • The Borrower and all Commonly Controlled Entities and Subsidiaries have made full and timely payment of all contributions to Multiemployer Plans required under ERISA, the IRC or applicable collective bargaining agreements.

  • To the knowledge of the Borrower and any Commonly Controlled Entities and Subsidiaries, there does not exist any event or condition which would permit the institution of proceedings to terminate any Single Employer Plan pursuant to Section 4042 of ERISA.

  • Based upon GAAP existing as of the date of this Agreement and current factual circumstances, the Borrower has no reason to believe that the annual cost during the term of this Agreement to the Borrower and all Commonly Controlled Entities for post-retirement benefits to be provided to the current and former employees of the Borrower and all Commonly Controlled Entities under Plans which are welfare benefit plans (as defined in Section 3(l) of ERISA) will, in the aggregate, have a Material Adverse Effect.


More Definitions of Commonly Controlled Entities

Commonly Controlled Entities. (other than Multi-Country) limited to entities in which there is a minimum of 50.1% common equity ownership with Customer; and (b) PanAmSat may require the Transponders to be switched to the configuration shown in Appendix A (without regard to the footnotes) at any time on notice to Customer if such a switch is necessary to allow the use of the frequencies by another satellite without interference to or from that satellite (or its use), at PanAmSat's desired location of use. The restrictions set forth in this paragraph shall not apply, and Customer's use of the Transponders as configured for the benefit of Multi-Country shall be subject to the other more general provisions of this Amendment and the Agreement, if PanAmSat is technically unable to switch the Transponders back to the configuration shown in Appendix A (without regard to the footnotes) at the End of the Multi-Country Availability Requirement; provided that, within sixty (60) days of PanAmSat's determination that such Transponder(s) cannot be switched, PanAmSat shall have the right, on notice to Customer to terminate this Agreement as to one or more of such unswitchable Transponders. No other switching of downlink Beams (or uplink beams) shall be permitted without PanAmSat's express written consent. All changes of downlink Beams are subject to the following additional requirements:
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Related to Commonly Controlled Entities

  • Commonly Controlled Entity an entity, whether or not incorporated, that is under common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414 of the Code.

  • Controlled Entities means those entities (including special purpose entities) over which another party has the power to govern, directly or indirectly, decision making in relation to financial and operating policies, so as to require that entity to conform with such controlling party’s objectives;

  • Controlled Entity means (i) any of the Subsidiaries of the Company and any of their or the Company’s respective Controlled Affiliates and (ii) if the Company has a parent company, such parent company and its Controlled Affiliates. As used in this definition, “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Controlled Company means a company having not more than fifty members and controlled, in the manner described by section 139, by not more than five persons;