; and notify the Lender within ten (10) days of the occurrence of any Reportable Event that might constitute grounds for termination of any Plan by the Pension Benefit Guaranty Corporation or for the appointment by the appropriate United States District Court of a trustee to administer any Plan. "ERISA" means the Employee Retirement I

Pension Benefit Guaranty Corporation was settled or withdrawn in connection with the assumption of the sponsorship, or (2) which, by agreement with the Pension Benefit Guaranty Corporation, was spun off from a plan subsequently terminated by such Corporation under section 4042 of the Employee Retirement Income Security Act of 1974. AC

GC Pact 2015-09-08 17:00:53.596 GMT Sears Pension Plan Gains Protection Under PBGC Pact By David B. Brandolph Sept. 8 (BNA) -An agreement between the Pension Benefit Guaranty Corporation and Sears Holdings Corp. will create potential liens in favor of the PBGC on property held by Sears' subsidiaries to protect Sears' pension plan pa

the plan's unfunded benefit liabilities whether or not the controlled group members have ever maintained or participated in the plan. In addition, the Pension Benefit Guaranty Corporation (the "PBGC") may assert a lien with respect to such liability against any member of the controlled group on up to 30% of the collective net worth of