PBGC Agreement definition

PBGC Agreement means that certain agreement dated November 22, 1994, by and among the Pension Benefit Guaranty Corporation, Ampex, Hillside Capital Incorporated and SHI, among other parties.

PBGC Agreement has the meaning given such term in the Recitals.

PBGC Agreement means that certain term sheet by and among AB Acquisition LLC, the Borrower and the PBGC, dated January 9, 2013, and any subsequent agreement entered into pursuant thereto.

Examples of PBGC Agreement in a sentence

• There will be no change, modification or termination of the PBGC Agreement or the joint and several liability of the parties thereto.

• Upon and after Closing, Sellers shall not use or disburse any of the proceeds of the sale of the Purchased Assets in contravention of the terms of the PBGC Agreement.

• In addition, the Debtors have estimated contributions under the Pension Plans that total $52.9 million through 2013 (in thousands): As noted above, pursuant to the PBGC Agreement, Hillside is obligated to advance the Required Contributions for the Pension Plans in the event that the Debtors are unable to make the Required Contributions necessary to satisfy the minimum funding standard of ERISA.

• Each Loan Party and each ERISA Affiliate has made all required contributions, including without limitation any such contributions required pursuant to the PBGC Agreement, to each Plan subject to Sections 302 or 303 of ERISA or Sections 412 or 430 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to Section 302 of ERISA or Section 412 of the Code has been made with respect to any Plan.

• The PBGC Agreement, the PBGC Guaranty and the CGI Side Letter are hereby terminated in their entirety and shall be void and of no further force or effect.

More Definitions of PBGC Agreement

PBGC Agreement means (i) initially, the Memorandum of Understanding dated January 3, 2000 between the Borrower and the PBGC concerning certain of the Borrower's Pension Plans and (ii) from and after the execution of definitive documentation thereafter entered into between the Borrower on substantially the same terms as set forth in such Memorandum of Understanding, such definitive documentation.

PBGC Agreement means that certain agreement between Tultex and the PBGC dated as of July 2, 1999.

PBGC Agreement means that certain Amendment and Restatement of Term Sheet between the PBGC and U.S. Borrower dated July 23, 2003.

PBGC Agreement means that certain confidential term sheet dated June 25, 1999 between the Company and the PBGC, setting forth the undertakings of the Company to make contributions to certain of its U.S. Plans, and any definitive documentation replacing such confidential term sheet to the extent such documentation sets forth the terms described in such term sheet as in effect on the date hereof.

PBGC Agreement shall have the meaning set forth in Sections 6.16 and 7.4.

PBGC Agreement means the settlement agreement between the Debtors and the PBGC pursuant to terms and conditions reasonably acceptable to the Subcommittees relating to the Claims asserted by the PBGC against the Estates regarding the funding levels of the Pension Plans.

PBGC Agreement means the settlement and consent agreement, substantially in the form of Exhibit G-1 hereto, to be executed by and between the Debtors and the PBGC as a condition to confirmation pursuant to Article IX.A of this Plan.