PAPI definition
Examples of PAPI in a sentence
PAPI hereby indemnifies, defends and holds harmless the Vendor in respect of all rights, obligations, acts and omissions of the Purchaser in relation to this Agreement.
PAPI has agreed to loan up to $5 million to ▇▇▇▇, which may then invest up to RMB 30,000,000 (approximately $ 4.4 million) with portion of this being a requirement to invest RMB 22,650,000 as ▇▇▇▇’▇ share of the registered capital of the CJVC when and to the extent required under applicable law, to be used by the CJVC to carry out work projects, fund operations, and to make aggregate payments of up to $1.5 million in cash to LXD and HCK.
The number of shares to be returned to the PAPI Indemnified Parties shall have a fair market value equal to the aggregate amount of the indemnifiable Damages agreed to be paid by the CAMAC Parties.
PAPI shall form a wholly-owned subsidiary under the laws of the Federal Republic of Nigeria prior to the Closing.
THE CAMAC PARTIES SHALL HAVE NO LIABILITY TO ANY PAPI PARTY OR ANY SHAREHOLDER OF PAPI UNDER THIS AGREEMENT, THE SECURITIES ACT OF 1933, THE SECURITIES EXCHANGE ACT OF 1934, OR ANY OTHER STATUTE OR LAW FOR ANY MISSTATEMENTS OR OMISSIONS IN THE PROXY STATEMENT, EXCEPT WITH RESPECT TO INFORMATION REGARDING THE CAMAC PARTIES’ BOARD REPRESENTATIVES (INCLUDING BIOGRAPHICAL INFORMATION) PROVIDED BY THE CAMAC PARTIES TO PAPI FOR INCLUSION THEREIN.
PAPI shall cause a meeting of its stockholders (the “Stockholders’ Meeting”) to be duly called and held as soon as reasonably practicable for the purpose of voting on the adoption and approval of, among others, this Agreement and the Transactions contemplated hereby and thereby.
In such event, CEHL agrees to vote all of its Voting Shares in a manner that would cause the removal of such PAPI Director, whether at any annual or special meeting called, or, in connection with any other action (including the execution of written consents) taken for the purpose of removing such director.
Each of the PAPI Parties and their Subsidiaries has set aside on its books provision reasonably adequate for the payment of all taxes for periods subsequent to the periods to which such returns, reports or declarations apply.
The CAMAC Parties shall have received a certificate from the PAPI Parties, signed by its Secretary certifying that the attached copies of the PAPI Constituent Instruments and resolutions of the PAPI board of directors approving the Agreement and the Transactions are all true, complete and correct and remain in full force and effect.
The CAMAC Parties have made available to PAPI true and complete copies of the CAMAC Constituent Instruments.