PGBC definition
Examples of PGBC in a sentence
Promptly after the filing or receiving thereof, copies of all reports and notices with respect to any Reportable Event (as defined in Article IV of ERISA) which the Transferor or any ERISA Affiliate thereof, files under ERISA with the Internal Revenue Service, the PBGC or the U.S. Department of Labor or which the Transferor or any ERISA Affiliates thereof, receive from the Internal Revenue Service, the PGBC or the U.S. Department of Labor.
No event requiring notice to the PGBC under Section 302(f)(4)(A) of ERISA has occurred with respect to any Guaranteed Pension Plan and no amendment with respect to which security is required under Section 307 of ERISA has been made or is reasonably expected to be made to any Guaranteed Pension Plan.
Neither the Company Group with respect to any Employee Plan, any Employee Plan nor any fiduciary thereof is the subject of an ongoing audit or investigation by the IRS, the U.S. Department of Labor, the PGBC or any other Governmental Entity, nor is any such audit or investigation pending or, to Sellers’ Knowledge, threatened.
The fair market value of the assets of each such Plan that is subject to Title IV of ERISA equals or exceeds the present value of all benefits accrued under such Plan, whether or not vested, based on the actuarial assumptions that would be used by the PGBC if the Plan were terminated as of the date of this Agreement and as of the Closing Date.
I, agree that I will keep confidential any proprietary, confidential and/or sensitive information, documents or data concerning PGBC, its staff, members, organizations and Pastor that I may have access to as a result of carrying out my responsibilities as a security team volunteer.
No material liability to the PGBC has been, or is expected by the Company, and of its Material Subsidiaries, or any ERISA Affiliate to be, incurred by the Company, and such Material Subsidiaries, or any ERISA Affiliate, except where non-compliance could not be reasonably be expected to result in a Material Adverse Change.
Neither the Company Group with respect to any Employee Plan, any Employee Plan nor, to Seller’s Knowledge, any fiduciary thereof is the subject of an ongoing audit or investigation by the IRS, the U.S. Department of Labor, the PGBC or any other Governmental Entity, nor is any such audit or investigation pending or, to Seller’s Knowledge, threatened.
The fair market value of the assets of each such Employee Benefit Plan that is subject to Title IV of ERISA equals or exceeds the present value of all benefits accrued under such Employee Benefit Plan, whether or not vested, based on the actuarial assumptions that would be used by the PGBC if the Employee Benefit Plan were terminated as of the date of this Agreement and as of the Closing Date.
Within ten days after the filing thereof with the DOL, the IRS or the PGBC, copies of each annual report, including Schedule B thereto, filed with respect to any Benefit Plan of Borrower, the REIT, or any ERISA Affiliate of either of them.
Neither Argyle nor any ERISA Affiliate has terminated any employee pension benefit plan (within the meaning of Section 3(2) of ERISA) subject to Title IV of ERISA (herein referred to as a "Title IV Plan") under circumstances giving rise to, or that would give rise to any actual or potential liability to the Pension Benefit Guaranty Corporation ("PGBC") or any other person.