PAMT definition
Examples of PAMT in a sentence
Holdings is a single purpose entity, and has not engaged and will not engage in any business activities other than activities in connection with managing and operating the BorrowerTurtle Beach and entering into the Credit Documents, the Subordinated Debt Documents, if any, and its Organizational Documents, the PAMT Merger Documents and any matters incident thereto, and does not hold or own any interest in any assets or other property other than the Capital Securities of theTurtle Beach.
The Obligors will enter into, and will maintain in effect, Control Agreements with respect to each Deposit Account (excluding any payroll account so long as such payroll account is a zero balance account) and lock-box account maintained by the Obligors; provided, however, that PAMT shall have 60 days after the Consolidated Amendment Date to enter into any such Control Agreements.
Prior to the conversion thereof, the Borrower shall maintain a set of books and records of PAMT on both its fiscal year and fiscal quarter schedule and the fiscal year and fiscal quarter schedule of Turtle Beach and for all purposes of this Agreement and the other Credit Documents, including, the Borrowers shall use the books and records of PAMT for the fiscal year and fiscal quarter schedule of Turtle Beach.
Each Obligor shall, as of the Closing Date, open and maintain its primary operating accounts with the Agent; provided, however, that PAMT shall have 60 days after the Consolidated Amendment Date to open and maintain its primary operating accounts with the Agent.
Except as set forth on Schedule 3.34.8, each Shareholder represents that such shareholder holds good and marketable title to his, her or its PAPI Shares, PAMT Shares or PAPT Shares, as the case may be, free and clear of all liens, agreements, voting trusts, proxies and other arrangements or restrictions of any kind whatsoever.
There is no basis for any person, firm, corporation or entity to assert a claim against PAPI or any of its Subsidiaries or any Shareholder based upon: (a) ownership or rights to ownership of any PAPI Shares, PAPT shares or PAMT shares, or (b) any rights as a PAPI, PAMT, or PAPT securities holder, including, without limitation, any option or other right to acquire any PAPI, PAMT, or PAPT securities, any preemptive rights or any rights to notice or to vote.
PAPI, PAMT and PAPT shall take all actions that may be necessary to ensure that, from and after the Closing, Acquiror is entitled to exercise any such repurchase option or other right set forth in any such restricted stock purchase agreement or other agreement.
All issued and outstanding PAMT Shares have been duly authorized and validly issued, are fully paid and nonassessable (except as disclosed in Schedule 3.3.2) and are not subject to any right of rescission and have been offered, issued, sold and delivered by PAMT in compliance with all requirements of applicable laws.
PRPA hereby leases to ▇▇▇▇, and ▇▇▇▇ hereby leases from PRPA, the entire PAMT (consisting of the Main Terminal Area, the Commonwealth Area and Shed C), the Additional Parcels (as hereinafter defined) (the Main Terminal Area, the Commonwealth Area, Shed C and the Additional Parcels are hereinafter collectively referred to as the "Terminal") and the PRPA Cranes (as hereinafter defined), all for the term and on the conditions set forth herein.
Notwithstanding the foregoing, until the end of the first fiscal month following the end of the Fiscal Quarter most recently ended after the PAMT Merger, all monthly reports provided pursuant to this Section 7.1(d) shall be for Turtle Beach and its consolidated Subsidiaries rather than PAMT and its consolidated Subsidiaries.