PAIF definition
Examples of PAIF in a sentence
Lender, in relation to any Loan of any PAIF Shares, and Borrower, in relation to any Non-Cash Collateral in the form of any PAIF Shares, warrants to the other Party on a continuing basis that, unless otherwise notified, the warranties in paragraphs 5 and 6 of this Addendum shall apply in relation to any payment made under, as the case may be, paragraph 6.2 or 6.3 in respect of such shares as if such paragraphs referred to PAIF Shares.
Pursuant to Section 4(b) of the Purchase Agreement, PAIF V has caused $95,314.51 to be transferred to TAS V in respect of Income on the Receivable since April 1, 1997.
Except in relation to exchanges in Units between the PAIF Fund and its associated Feeder Fund (see section 6.31), we will execute a Switch of your Units at the next Valuation Point after we receive your instructions.
Notwithstanding anything to the contrary in the Replacement Note or any other Ancillary Agreement, TAS V shall have the right to distribute to its members, and such members shall have the right to retain free of any security interest of PAIF V, an amount equal to $1,288,575.86 in excess of all other amounts TAS V is otherwise entitled to distribute to its members under the Replacement Note.
Upon the later to occur of (i) the withdrawal of the Cash Amount from the Cash Account in accordance with Section 4(c) of the Purchase Agreement or (ii) the execution and delivery of this Agreement, PAIF V will cause $1,288,575.86 to be returned to TAS V and TAS V will cause $95,314.51 to be returned to PAIF V.
Section 1(b) of the Keep Well Agreement, dated April 1, 1997, among Triton Aviation Services Limited, a Bermuda corporation, TAS V and PAIF V is hereby amended to delete the amount of $4,034,060 and insert in its place the amount of $3,035,088.
PAIF SHARES Lender, in relation to any Loan of any PAIF Shares, and Borrower, in relation to any Non-Cash Collateral in the form of any PAIF Shares, warrants to the other Party on a continuing basis that, unless otherwise notified, the warranties in paragraphs 5 and 6 of this Addendum shall apply in relation to any payment made under paragraph 6.1(i) in respect of such shares as if such paragraphs referred to PAIF Shares.
No provision of this Agreement shall be varied, contradicted or explained by any oral agreement, course of dealing or performance or any other matter not set forth in an agreement in writing and signed by PAIF V and TAS V.
Contemporaneously with the execution and delivery of this Agreement, TAS V will execute and deliver a Promissory Note to PAIF V in the form attached hereto as Exhibit B (the "Replacement Note") in substitution for and replacement of the Promissory Note delivered to PAIF V in connection with the first Effective Time to occur under the Purchase Agreement.
In connection therewith, PAIF V and TAS V hereby authorize and instruct ▇▇▇▇ ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ LLP to substitute the page of the Keep Well Agreement delivered on May 28, 1997 with a new page reflecting such amendment.