PVEP definition
Examples of PVEP in a sentence
Upon its admission as the sole general partner and/or special limited partner, as the case may be, of each of the Funds in substitution for PVEP, CFSI, SPSM or MCC, as applicable, PCM or a Wholly Owned Subsidiary of PCM will have good and valid title to such Equity Interests in such Funds, free and clear of any Encumbrances.
For the avoidance of doubt, Buyer hereby expressly agrees and acknowledges that PVEP, CFSI, SPSM and MCC shall retain all of their respective rights, title and interests in and to their respective capital accounts maintained in their respective names by the Funds and normal limited partner allocations and distributions with respect thereto and that the substitutions contemplated by this Section 2.9(a) shall not give rise to any Encumbrance on such capital accounts in favor of Buyer.