Common use of PBGC Clause in Contracts

PBGC. No facts or circumstances exist that would result in the imposition of liability against Parent by the Pension Benefit Guaranty Company as a result of any act or omission by the Company, any Subsidiary or any member of a Controlled Group. No reportable event (within the meaning of Section 4043 of ERISA) for which the notice requirement has not been waived has occurred with respect to any Employee Benefit Plan subject to the requirements of Title IV of ERISA.

PBGC. No facts or circumstances exist that would result in the imposition of liability against Parent by the Pension Benefit Guaranty Company Corporation as a result of any act or omission by the Company, any Subsidiary Target or any member of a Controlled Group. No reportable event (within the meaning of Section 4043 of ERISA) for which the notice requirement has not been waived has occurred with respect to any Employee Benefit Plan subject to the requirements of Title IV of ERISA.

PBGC. No facts or circumstances exist that would result in the imposition of liability against Parent Investor by the Pension Benefit Guaranty Company as a result of any act or omission by the CompanyZNC, any Subsidiary of the Companies, or any member of a Controlled Group. No reportable event (within the meaning of Section 4043 of ERISA) for which the notice requirement has not been waived has occurred with respect to any Employee Benefit Plan subject to the requirements of Title IV of ERISA.

PBGC. No facts or circumstances exist that would result in the imposition of liability against Parent Purchaser by the Pension Benefit Guaranty Company Corporation as a result of any act or omission by the Company, any Subsidiary Seller or any member of a Controlled Group. No reportable event (within the meaning of Section 4043 of ERISA) for which the notice requirement has not been waived has occurred with respect to any Employee Benefit Plan subject to the requirements of Title IV of ERISA.