PFPLC definition
Examples of PFPLC in a sentence
The administration agreement to be dated of even date herewith and made between PFPLC, MTS, MTL, PML, the Company and the Trustee (the "Administration Agreement").
PFPLC agrees to notify the Issuer and the Trustee in writing of any breach of their respective covenants contained in this Deed as soon as reasonably practicable after it becomes aware of it.
PFPLC and the Issuer irrevocably waive any objection, on the ground of forum non conveniens or on any other ground, to proceedings in the courts of England and irrevocably agree that a judgement in any proceedings brought in the courts of England will be conclusive and binding on each of them and may be enforced in any other court.
In the event that there is any change in the identity of the Trustee in accordance with the Trust Deed, the retiring Trustee, PFPLC and the Issuer shall execute such documents and take such actions as such new Trustee may reasonably require for the purpose of vesting in such Trustee the rights of the Trustee under this Deed and, if so determined by the new Trustee, releasing the retiring Trustee from further obligations hereunder.
Pursuant to the Mortgage Sale Agreement and for the better performance of its obligations under the Administration Agreement, the Trust Deed and the Deed of Charge (each as defined in the Administration Agreement) and at the request of PFPLC the Trustee has agreed to enter into these presents for the purposes hereinafter appearing.
Customs & Excise demands payment of any amount from the Issuer in respect of any amounts payable to H.M. Customs & Excise in respect of any PFPLC Group VAT, the Issuer or, if so requested by the Issuer, the substitute administrator on its behalf, shall notify PFPLC and the Trustee in writing of the amount so demanded (the “Demanded Amount”) and shall at the same time provide evidence satisfactory to the Trustee (with a copy to PFPLC) that such demand has been made.
PFPLC is willing to provide administration and management services to the Issuer and the Trustee in relation to the Mortgages (as defined below) and collateral security purchased by the Issuer and charged by the Issuer in favour of the Trustee on the terms and subject to the conditions contained in this Agreement.
Any term of this Agreement to which effect is not given on a Purchase Date (including in particular the liability of PFPLC under the representations, warranties and undertakings contained in clause 8) shall not merge and shall remain in full force and effect notwithstanding the completion and delivery of the Transfers.
If PFPLC pays to the Issuer or the Trustee an amount in respect of any claim under this Agreement and the Issuer or the Trustee subsequently recovers from a third party any sum in respect of the liability for such claim, the Issuer and the Trustee shall forthwith repay to it so much of the amount paid by it as does not exceed the sum recovered from the third party less all reasonable costs, charges and expenses incurred by the Issuer or the Trustee in recovering that sum from the third party.
PFPLC, PPF, the Issuer and the Trustee entered into an Administration Agreement on the same date as this Agreement (the "Administration Agreement") pursuant to which PFPLC as Administrator (as such term is defined therein) will provide administration and management services in connection with, among other things, the Mortgages and Collateral Security and the business of the Issuer.