ERISA Lien definition

ERISA Lien has the meaning ascribed to it in Section 6.11.
ERISA Lien means a security interest or lien arising under or in connection with a Pension Plan or Title IV of ERISA or a claim asserted (including for failure to withhold) by the government which if successful would result in such a lien; provided, however, that any claim asserted, (a) for which the Borrower has reasonable grounds to contest and (b) which the Borrower is diligently contesting in good faith through appropriate proceedings with the IRS or a court of law, shall not be deemed an ERISA Lien for so long as all of the above conditions are met.
ERISA Lien means a Lien created or otherwise imposed under the provisions of ERISA.

Examples of ERISA Lien in a sentence

  • Nothing herein in any way limits PBGC’s rights, if any, to an ERISA Lien.


More Definitions of ERISA Lien

ERISA Lien as defined in Section 6.13.
ERISA Lien means any Lien in an aggregate amount exceeding $1,000,000 imposed by or under, or arising in connection with, or resulting from, Title IV of ERISA or Section 303 of ERISA (or related sections) or any corresponding provision of the Code (including Section 430(k) of the Code.
ERISA Lien means any Liens under ERISA or Section 412 of the Code.
ERISA Lien means any mortgage, pledge, security interest, encumbrance, deposit arrangement, lien (statutory or otherwise) or charge of any kind (including any agreement to give any of the foregoing) or any other type of preferential arrangement protecting a creditor or securing an obligation associated with the Employee Retirement Income Security Act of 1974.
ERISA Lien has the meaning specified in Section 7.1(q).
ERISA Lien has the meaning ascribed to it in Section 4.12(a). “Erroneous Payment” has the meaning ascribed to it in Section 10.17(a).
ERISA Lien means any mortgage, pledge, security interest, encumbrance, deposit arrangement, lien (statutory or otherwise) or charge of any kind (including any agreement to give