Examples of Unfunded Vested Accrued Benefits in a sentence
Permit, or take any action which would result in, the aggregate present value of the Unfunded Vested Accrued Benefits under all Benefit Plans of the Borrower to exceed $0.
Permit, or take any action which would result in, the aggregate present value of the Unfunded Vested Accrued Benefits under all Benefit Plans of the Borrowers to exceed $0.
Permit, or take any action which would result in, the aggregate present value of the Unfunded Vested Accrued Benefits under all Benefit Plans of Borrower to exceed $0.
Unfunded Vested Accrued Benefits means with respect to any employee benefit plan of a Person at any time, the amount (if any) by which the present value of all vested nonforfeitable accrued benefits under such employee benefit plan exceeds the fair market value of all employee benefit plan assets allocable to such benefits, all determined as of the then most recent valuation date for such employee benefit plan, using the actuarial assumptions in effect under such employee benefit plan.
Take any action which would cause any Unfunded Vested Accrued Benefits under any Plan of the Borrower to exist.