CAIP definition
Examples of CAIP in a sentence
CAIP is a plan that is specifically designed to address accident/injury needs of national team athletes while training and competing in Canada and outside Canada.
The Right of First Offer Notice shall state that if the offer therein is not accepted, then CAIP and AOF shall include all the Shares then owned by Co-Investors in any Sale to a Third Party as provided below.
This Agreement shall terminate upon the earliest of (a) termination of the Subscription Agreement, (b) termination of the Shareholders Agreement, and (c) the time when CAIP and AOF together own less than 20% of the then outstanding Shares.
Nothing herein shall require either CAIP or AOF to expend or risk its own funds or otherwise incur any financial liability except as expressly provided in the UK Creditor Arrangements, it being understood that any such expenditure or liability shall be covered by this Article V.
CAIP and AOF hereby represent and warrant that as of the date hereof, none of CAIP, AOF and their respective Affiliates has entered into any agreements with QPL or its Affiliates relating to or in connection with any of the ASAT Companies other than the Subscription Agreement, Shareholder Agreement, the UK Creditor Agreements and agreements referred to therein or contemplated thereby.
If CAIP or AOF gives a Section 4.1 Purchase Notice in respect of such Shares, then all such Shares shall be Sold exclusively to either or both of them as Permitted Transferees.
Such Co-Investor shall indicate in its Right of First Offer Notice that the offer therein is being made to other Shareholders subject to the prior right of CAIP and AOF to purchase all such Shares as Permitted Transferees.
Notwithstanding anything to the contrary in this Agreement, neither CAIP nor AOF shall consent to any amendments or modifications to the UK Creditor Arrangements without the prior written consent of each Co-Investor, which consent shall not unreasonably be withheld.
If one or more Offerees shall deliver a Section 4.1 Purchase Notice to CAIP and AOF accepting such offer, then CAIP and AOF (and the Co-Investors, if applicable) shall Sell their Shares to such Offeree(s) as provided in such notice and Section 4.1 of the Shareholders Agreement.
Each Co-Investor acknowledges and agrees that neither CAIP nor AOF have any fiduciary, sponsor or other duty to any Co-Investor in any transaction now or hereafter contemplated by the Transaction Agreements.