Examples of PBGC Claims in a sentence
Class 3 is Impaired and, thus, PBGC, as the holder of the PBGC Claims in Class 3, is entitled to vote to accept or reject the Plan.
On the Effective Date, the PBGC will be deemed to have withdrawn the PBGC Claims with respect to the Kmart Corporation Employee Pension Plan.
On the Effective Date, the PBGC as holder of the PBGC Claims will, in full and complete satisfaction of such Claims, be entitled to receive the PBGC Percentage of the Cash in the Unsecured Claims Trust Account.
Priority Claims, Miscellaneous Secured Claims, PBGC Claims, Convenience Claims and Intercompany LCE Claims shall be Unimpaired by the Plan.
For purposes of this Disclosure Statement, PBGC Claims are any and all Claims of the PBGC in respect of pension plans of which Cineplex Odeon or LCE is the plan sponsor, including any action brought under Title IV of ERISA to collect premiums or to recover liabilities incurred in connection with a plan termination.