POEM definition
Examples of POEM in a sentence
The P-OEM shall remain fully liable for all obligations under this Agreement notwithstanding any permitted assignment hereof.
The Trust may utilize the P-OEM Reserve solely in the manner set forth in section 1.3 of this Agreement.
In cooperating with a request as provided herein, the P-OEM does not waive (i) any work product, attorney-client, or other applicable privileges, (ii) any applicable confidentiality protections and (iii) any objections on relevancy or discovery scope.
Such assignment shall only become effective when such Claimant receives payment on his or her P-OEM Claim from the Trust, and the assignment agreement pertaining thereto shall be in a form that is mutually acceptable to the parties hereto.
In addition, the Monthly Accounting shall identify the P-OEM Claims against the P-OEM that remain pending at the conclusion of the calendar month, if any, and the current status of such P-OEM Claims.
The resulting amount is referred to herein as the “Adjusted Base Claim Amount” and shall be calculated in accordance with Exhibit B hereto; provided, however, that the Adjusted Base Claim Amount shall not include the initial payment, if any, required to be made by the P-OEM pursuant to section 6.4(b) of the PSAN PI/WD TDP, but shall include any subsequently scheduled payments on account of such P-OEM Claim.
By maintaining the P-OEM Collection, the P-OEM does not waive any work product, attorney-client or other applicable privileges, does not waive any applicable confidentiality protections, nor does it waive any applicable objections to relevancy or discovery scope.
If the Trust disputes the occurrence or continuation of any default hereunder, the parties agree that the Trust may seek relief on an emergency basis from the appropriate court pursuant to section 4.3, provided that the P-OEM receives advance written notice of the relief sought and an opportunity to be heard.
The P-OEM and Trustee (or their designees) shall meet within fifteen (15) calendar days of the delivery of such supporting documentation to resolve the objection.
The Trustee shall provide the P-OEM with written notice of any such default (a “Default Notice”), and the P-OEM shall have fifteen (15) business days after receipt of a Default Notice to cure any such default, unless such period has been extended by the Trustee or a court of competent jurisdiction.