SECURITY AGREEMENTSecurity Agreement • September 19th, 2012 • Magnetek, Inc. • Electronic components, nec • Delaware
THIS SECURITY AGREEMENT (“Security Agreement”) is entered into as of September14, 2012 (“Effective Date”), by and among Magnetek, Inc. (“Magnetek” or “Grantor”), a Delaware corporation, and the Pension Benefit Guaranty Corporation (“PBGC” or “Secured Party”, and collectively with Magnetek, the “Parties”), a wholly-owned United States government corporation created by Title IV of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), acting on behalf of the Magnetek FlexCare Plus Retirement Pension Plan (the “Plan”).
