Payment Date means the last day of each calendar quarter.
PBGC means the Pension Benefit Guaranty Corporation, or any successor thereto.
Permitted Owned IRBs means (a) the Industrial Building Revenue Bonds (Sister Schuberts Homemade Rolls, Inc. Project) series 2007 of the County of Hart, Kentucky dated December 20, 2007 in the original amount of $35,000,000 (with a remaining amount of approximately $21,000,000 as of the date of this Agreement) and (b) the Industrial Building Revenue Bonds (T. Marzetti Company Project) series 2005 of the County of Hart, Kentucky dated December 22, 2005 in the original amount of $41,000,000 (with a remaining amount of approximately $21,900,000 as of the date of this Agreement), in each case, as the same may be amended, restated, supplemented, renewed, refinanced, replaced or otherwise modified from time to time, and provided that each of the above described Industrial Building Revenue Bonds is owned in its entirety by the Borrower or a Guarantor.
Permitted Securitization Transaction is defined in Section 6.12(iv).
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 any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an employer as defined in Section 3(5) of ERISA.
Platform means Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system.
Pricing Schedule means the Schedule attached hereto identified as such.
Prime Rate means the rate of interest last quoted by The Wall Street Journal as the Prime Rate in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the bank prime loan rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective.
Pro Rata Share means, with respect to a Lender, a portion equal to a fraction the numerator of which is such Lenders Commitment and the denominator of which is the Aggregate Commitment.
Property of a Person means any and all property, whether real, personal, tangible, intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person.
Proposed New Lender is defined in Section 2.24.
PTE means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.
QFC has the meaning assigned to the term qualified financial contract in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).