PBGC Allowed Unsecured Claim Distribution Amount definition

PBGC Allowed Unsecured Claim Distribution Amount means the amount of $1,802,281.50, representing the agreed amount of distribution payable to the PBGC under this Plan with respect to the PBGC Allowed Unsecured Claim as agreed by the PBGC, the Debtors and the CreditorsCommittee pursuant to the PBGC Allowed Claim Distribution Agreement.

Related to PBGC Allowed Unsecured Claim Distribution Amount

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Maturity Date means December 15, 2035.
Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.
Fiscal Year means the fiscal year of the Company.
Fair Market Value means, as of any date, the value of Common Stock determined as follows:
Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.
Interest Period means each period beginning on (and including) the Interest Commencement Date or any Interest Payment Date and ending on (but excluding) the next Interest Payment Date;
Holder means a Person in whose name a Security is registered in the Security Register.
Claim as used in this clause, means a written demand or written assertion by one of the contracting parties seeking, as a matter of right, the payment of money in a sum certain, the adjustment or interpretation of contract terms, or other relief arising under or relating to the contract. A claim arising under the contract, unlike a claim relating to the contract, is a claim that can be resolved under a contract clause that provides for the relief sought by the claimant. A voucher, invoice, or other routine request for payment that is not in dispute when submitted is not a claim. The submission may be converted to a claim by complying with the requirements of this clause, if it is disputed either as to liability or amount or is not acted upon in a reasonable time.
Participant means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream).
Code means the Internal Revenue Code of 1986, as amended.
Plan means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.
Child means any person under eighteen years of age.
Administrator means the Board or any of its Committees as shall be administering the Plan, in accordance with Section 4 of the Plan.
Member means any of the entities that make up the joint venture/consortium/association, and “Members” means all these entities.
Relevant Period means the period from the passing of this resolution until whichever is the earliest of:
Account means all of the Eligible Loans hereunder of one (1) Borrower that are of the same Loan type made under the identical subsection of the Higher Education Act and in the same status.
Facility means the entire operation located on the property where the Equipment is located;
Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.
Securities Act means the Securities Act of 1933, as amended.
Effective Date means each date and time that the Registration Statement, any post-effective amendment or amendments thereto and any Rule 462(b) Registration Statement became or becomes effective.
Family member means spouse, father, mother, child, father-in-law, mother-in-law, daughter-in-law or son-in-law.
Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.
Committee means the Compensation Committee of the Board.
Day means calendar day.
Exchange Act means the Securities Exchange Act of 1934, as amended.