Examples of PBGC in a sentence
Permit any condition to exist in connection with any Plan which would constitute grounds for the PBGC to institute proceedings to have such Plan terminated or a trustee appointed to administer such Plan, or permit any Plan to terminate under any circumstances which would cause the lien provided for in Section 4068 of ERISA to attach to any property, revenue or asset of the Borrower or any Subsidiary.
PBGC will use reasonable efforts to afford the Debtor and the Committee the timely opportunity to seek a protective order or to take such other lega l action to preserve the confidentiality of such information as the Debtor or Committee may deem appropriate.
With respect to each Plan (other than a Multiemployer Plan), except where the failure to do so could not reasonably be expected to result in material liability, the Borrower will, and, if applicable, will cause each Subsidiary and ERISA Affiliate to pay, or cause to be paid, to the PBGC in a timely manner, without incurring any late payment or underpayment charge or penalty, all premiums required pursuant to sections 4006 and 4007 of ERISA.
PBGC will inform all Officials having access to such Discovery Material that such information is subject to this Order.
In addition, with respect to any litigation brought by PBGC, PBGC will use reasonable efforts to have any Discovery Material placed under seal, or afford the Debtor or Committee the timely opportunity to have any Discovery Material placed under seal.