{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "the-assets", "type": "clause", "offset": [86, 96]}, {"key": "debt-due", "type": "definition", "offset": [103, 111]}, {"key": "the-employer", "type": "definition", "offset": [117, 129]}, {"key": "the-trustees", "type": "clause", "offset": [133, 145]}, {"key": "applicable-time", "type": "clause", "offset": [165, 180]}], "samples": [{"hash": "a9goW1Md6W7", "uri": "https://www.legislation.gov.uk/uksi/2007/865/schedule/data.pdf", "label": "www.legislation.gov.uk", "score": 9.3203285421, "published": false}, {"hash": "9F7oWceo0rD", "uri": "https://www.legislation.gov.uk/uksi/2007/865/schedules/data.pdf?view=extent", "label": "www.legislation.gov.uk", "score": 8.7248459959, "published": false}, {"hash": "hDLzwa8K4Dc", "uri": "https://www.legislation.gov.uk/uksi/2007/865/schedules/data.pdf", "label": "www.legislation.gov.uk", "score": 7.0273785079, "published": false}], "snippet": "means so much of the amount treated 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"id": 6}, {"snippet_links": [{"key": "the-debt", "type": "clause", "offset": [6, 14]}, {"key": "in-respect-of", "type": "clause", "offset": [69, 82]}, {"key": "db-plan", "type": "definition", "offset": [92, 99]}, {"key": "uk-pensions", "type": "clause", "offset": [139, 150]}, {"key": "as-amended", "type": "definition", "offset": [161, 171]}], "samples": [{"hash": "1rWkFssvWhz", "uri": "/contracts/1rWkFssvWhz#section-75-debt", "label": "Stock and Asset Purchase Agreement (GCP Applied Technologies Inc.)", "score": 28.5017111567, "published": true}, {"hash": "9lDFwQcjwPq", "uri": "/contracts/9lDFwQcjwPq#section-75-debt", "label": "Stock and Asset Purchase Agreement (GCP Applied Technologies Inc.)", "score": 28.3210130048, "published": true}], "snippet": "means the debt payable by a U.K. Pension Entity to the U.K. Trustees in respect of the U.K. DB Plan under Section 75 or Section 75A of the UK Pensions \u2587\u2587\u2587 \u2587\u2587\u2587\u2587, as amended, and any regulations made 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Debt</strong>.", "In connection with the foregoing: in the event that such <strong>Section 75 Debt</strong> amount is being paid in the circumstance identified in clause (A) above, such amount shall be based on the best estimate of such a debt that would be certified by the scheme actuary to the U.K. DB Plan (determined by the third party actuary mutually acceptable to Seller and Purchaser).", "If such <strong>Section 75 Debt</strong> amount is being paid in the circumstance identified in clause (B) above, such amount shall be based on such a debt as certified by the scheme actuary to the U.K. DB Plan.", "Seller will use its reasonable best efforts to cause the Trustees to either call in the <strong>Section 75 Debt</strong> within six months of the date on which the <strong>Section 75 Debt</strong> is calculated, or alternatively confirm that no <strong>Section 75 Debt</strong> is payable.", "Seller will use its reasonable best efforts to reach agreements regarding the calculation and payment of the <strong>Section 75 Debt</strong> with the Trustees and, if necessary, any Governmental Authority with the intent that the <strong>Section 75 Debt</strong> will be paid by the Seller and not by the Buyer or its Affiliates.", "Once any such <strong>Section 75 Debt</strong> is calculated, the Bank and/or NWPTL may direct the Reservoir Trustee to pay all remaining Trust Property to the Bank or NWPTL in respect of the Bank Share and NWPTL Share as appropriate.", "All monies at any time held in the Series 2021 Interest and Sinking Fund shall be held in trust for the benefit of the owners of the Series 2021 Bonds and shall be disbursed, allocated, and applied solely for the uses and purposes set forth in Section 7.5 (Debt Service Fund).", "Buyers agree to take all reasonable steps to assist Sellers to achieve (i) and/or (ii), including procuring that Pharma Healthcare Limited will execute such documents or give such notice to the trustees of the UK Pension Plan as may be necessary to achieve (i) and/or (ii), and that Sellers will have conduct of all discussions with such trustees on behalf of Pharma Healthcare Limited in respect of the above steps and arrangements and the calculation and payment of any <strong>Section 75 Debt</strong>."], "related": [["excluded-indebtedness", "Excluded Indebtedness", "Excluded Indebtedness"], ["permitted-acquisition-indebtedness", "Permitted Acquisition Indebtedness", "Permitted Acquisition Indebtedness"], ["acquisition-indebtedness", "Acquisition Indebtedness", "Acquisition Indebtedness"], ["permitted-debt", "Permitted Debt", "Permitted Debt"], ["other-permitted-indebtedness", "Other Permitted Indebtedness", "Other Permitted Indebtedness"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}