PBGC Claim definition

PBGC Claim means any Claim of the PBGC arising out of the Pension Plan.

PBGC Claim means the Claim held by the Pension Benefit Guaranty Corporation in the amount of the PBGC Claim Amount

PBGC Claim means that certain $2.2 billion Allowed General Unsecured Claim against the Debtors that was Allowed pursuant to the Final Order approving the PBGC Settlement Agreement, which Allowed General Unsecured Claim is not subject to reconsideration under section 502 of the Bankruptcy Code or otherwise.

Examples of PBGC Claim in a sentence

• Notwithstanding the foregoing, the PBGC Claim and any Claim arising out of the U.K. Pension Plan shall be deemed withdrawn on the Effective Date.

• The PBGC Claim shall be deemed a proof of claim against each Debtor described in the PBGC Claim and PBGC shall not be required to file a proof of claim in the separate case of each such Debtor.

• PBGC Claim Number 1275 is an unliquidated statutory claim for premiums owed to PBGC related to the Pension Plan.

• Therefore, the only remaining type of claims, among which claims the remaining assets of the estate are to be disbursed, are the general unsecured claims (which claims include the Term Agent’s allowed general unsecured claim, the PBGC Claim, and the claims of trade creditors).

• Thus, the Trustee estimates (subject to further analysis and assuming allowance of the PBGC Claim in full) that there are currently approximately $168,000,000 in general unsecured, nonpriority claims asserted against the Debtors’ estates.

More Definitions of PBGC Claim

PBGC Claim means a Claim against a Debtor for termination liability arising under, out of, or in connection with the termination of the Fansteel Consolidated Plan.

PBGC Claim means the Claims filed by the Pension Benefit Guaranty Corporation relating to the underfunding of, or termination of, the Maxus Energy Corporation Career Average Retirement Income Plan and the Diamond Shamrock Corporation Chemical Consolidated Pension Plan.

PBGC Claim means that certain $2.2 billion Allowed General Unsecured Claim to be Allowed as set forth in the PBGC Settlement Agreement.

PBGC Claim means the entire Claim of the PBGC against

PBGC Claim means any Claim of the Pension Benefit Guaranty Corporation against any of the Debtors.

PBGC Claim means all Claims of the PBGC relating to the Pension Plan (including any liabilities asserted or referenced therein), including all Claims asserted by the PBGC in each of the proofs of claim filed against any of the Debtors.

PBGC Claim means all Claims of the PBGC against any of the Debtors and all claims of the PBGC against any non-Debtor Affiliate of any Debtor. If more than one of the Debtors is obligated for the PBGC Claim, the holder thereof shall be deemed for all purposes under this Plan to have only a single Claim.