PPVA definition
Examples of PPVA in a sentence
PPVA no longer has any liens on Collateral and has been replaced by Capital One as the collateral agent for BP under the terms of the Capital One/BP Intercreditor Agreement and as such the parties hereto desire to amend and restate the Prior Agreement to set forth the rights and priorities of the parties hereto.
PPVA no longer has any liens on the Collateral and has been replaced by Capital One as the collateral agent for BP under the terms of the Facility/Swap Intercreditor Agreement and as such the parties hereto desire to amend and restate the Prior Agreement to set forth the rights and priorities of the parties hereto.
Each Lender hereby designates PPVA to act as Agent for such Lender under this Agreement and the Other Documents.
PPVA (Equity) has the power and authority to execute, deliver and perform this Agreement and all agreements and documents contemplated hereby (the “Ancillary Documents”) and to consummate the transactions contemplated hereby and thereby.
As full consideration for its consulting services, the Company will issue to the Consultant’s designee, PPVA Black Elk (Equity) LLC, as of the date hereof Class B Units equal to 1% of the outstanding Class B Units.
Subject to the terms and conditions of this Agreement, including Section 3, PPVA (Equity) hereby agrees to make the Capital Contributions to the Company on the date hereof and the Company hereby agrees to accept from PPVA (Equity) the Capital Contribution.
PPVA (Equity) has duly executed and delivered this Agreement and the Ancillary Documents and this Agreement and the Ancillary Documents constitute legal, valid and binding agreements of PPVA (Equity), enforceable against it in accordance with their terms, subject to applicable federal and state bankruptcy and insolvency laws affecting generally the rights of creditors.
Upon the issuance of such Class E Preferred Units and such Class B Units, the Company shall deliver to PPVA (Equity) a cross receipt in substantially the form of Exhibit A attached hereto evidencing such issuance (the “Cross Receipt”).
All such duties and obligations of PPVA under the Letter Loan Purchase Agreement and each Guarantor under the Guaranty continue to exist.
The Private-Plated Vehicle Allowance (PPVA), paid to eligible senior staff who choose not be provided with a private-plated vehicle, is to increase from $18,540 per annum to $21,000 per annum.