Definition of POAC


POAC means Prime Outlets Acquisition Company LLC, a Delaware limited liability company.

Examples of POAC in a sentence

Notwithstanding the foregoing, LVP's and POAC's payment obligations under Sections 3, 6 and 9(e) shall survive the termination of this Agreement or the termination of Section 5, as the case may be, to the extent such obligations relate to a breach of LVP's or POAC's obligations under Section 2 or 5 occurring before such termination of this Agreement (or in the case of liability under Section 6, the termination of Section 5).
In the event of any breach by LVP or POAC of any of its covenants in this Agreement, LVP and POAC shall be jointly and severally liable to pay, and shall pay, all of ARP's costs of enforcement of its rights under this Agreement, including but not limited to reasonable attorneys' fees, disbursements, expenses and court costs.
In the event that LVP and POAC fail to pay ARP any amount due pursuant to this Agreement on the date such amount is due, or, if no due date is specified herein, within five (5) days after demand by ARP for such payment, then such past due amount shall bear interest from such due date or the date demand for payment is made, as applicable, until the date paid at a rate equal to 15% per annum.