MoneyGram 2009 Annual Report Download - page 176

"PBGC" means the Pension Benefit Guaranty Corporation, or any successor thereto.
"Permits" means all permits, licenses, authorizations, orders and approvals of, and filings, applications and registrations with, Governmental Entities.
"Permitted Holdco Indebtedness" means:
(i) Indebtedness arising from agreements of Holdco providing for indemnification, adjustment of purchase price or similar obligations, in each case,
incurred or assumed in connection with the disposition of any business, assets or any of its Subsidiaries; provided, however, that:
(A) such Indebtedness is not reflected on the balance sheet of Holdco or any of its Subsidiaries (contingent obligations referred to in a footnote to
financial statements and not otherwise reflected on the balance sheet will not be deemed to be reflected on such balance sheet for purposes of this clause
(A)); and
(B) the maximum assumable liability in respect of all such Indebtedness shall at no time exceed the gross proceeds including non-cash proceeds (the
fair market value of such non-cash proceeds being measured at the time received and without giving effect to any subsequent changes in value) actually
received by Holdco in connection with such disposition;
(ii) obligations incurred under the Loan Documents or the Second Lien Documents;
(iii) Indebtedness incurred by Holdco in respect of interest rate hedging obligations of Holdco in existence on the Effective Date; and
(iv) guarantees of (x) other Indebtedness of the Borrower and the Subsidiary Guarantors permitted under Sections 6.1 l(i), (iii) (to the extent existing at
the Effective Date), (iv), (v), (x) (to the extent the debt so extended, refunded, refinanced, renewed, replaced or defeased was guaranteed by Holdco in
accordance with this Agreement), (xvii) or (xviii) and (y) Rate Management Obligations of the Borrower and the Subsidiary Guarantors permitted under
this Agreement.
"Permitted Holdco Liens" means, any Permitted Liens other than Liens incurred pursuant to clauses (x), (xi), (xx), (xxiii) or (xxv) of Section 6.15.
"Permitted Liens" means Liens permitted by Section 6.15.
"Person" means any natural person, corporation, firm, joint venture, partnership, limited liability company, association, enterprise, trust or other entity or
organization, or any government or political subdivision or any agency, department or instrumentality thereof.
"Plan" means an employee pension benefit plan which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of
the Code as to which Holdco or any member of the Controlled Group may have any liability.
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