PAAC definition
Examples of PAAC in a sentence
Beneficiary is the collateral agent under that certain Intercreditor and Collateral Agency Agreement (as the same may be amended, amended and restated, supplemented or otherwise modified from time to time, the "Intercreditor Agreement"), dated as of the date hereof, among PAAC, Trustor, Pioneer Americas, Inc.
After the ESPB/CAEP onsite visit, the State Team will prepare the final report and make a recommendation to the Program Approval Advisory Committee (PAAC) to ESPB.
PAAC shall not use the proceeds of advances made pursuant to the PAAC Note for any purpose other than to make premium payments for the benefit of Policyholders with respect to the related insurance policy.
PAAC has obtained all licenses, permits and approvals required to engage in the business of insurance premium financing which are required by the Laws of every state in which PAAC engages in such business.
The obligations of the Borrower and PAAC under Sections 4.3, 4.4, 4.5, 4.6, Article IX, Sections 11.3 and 11.4, and the obligations of the Lenders under Section 11.1, shall in each case survive any termination of this Agreement, the payment in full of all Obligations and the termination of all Term Loan Commitments.