PSP Agreement definition

PSP Agreement has the meaning specified in the preamble to this Note.
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PSP Agreement means the Payroll Support Program Agreement entered into by the Subsidiaries with Treasury on the PSP Closing Date. “PSP Closing Date” means April 20, 2020.
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PSP Agreement has the meaning given in Clause 11.1.
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Examples of PSP Agreement in a sentence

  • If the Customer amends the RFS and the Customer and the PSP agree to amend the PSP Agreement (and the RFS Price) but fail to inform Local Expert then Local Expert is released from any and all obligations and liabilities in relation to any difference of payment between the RFS Price and the revised price as negotiated between the Customer and the PSP.

  • The principal amount of the PSP Note will increase in an amount equal to 30% of any disbursement made by the U.S. Treasury Department to United under the PSP Agreement after the initial issuance date.

  • Subject to clause 6(b), the Customer may cancel a RFS at any time, before an PSP Agreement is entered into or the PSP commenced providing the Services, by withdrawing the RFS from the Local Expert Platform.

  • PSP Agreement Effective Date will be the same as PSP Implementation Date i.e. 01 July 2018.

  • If the Company borrows less than the full amount, the amount of warrants issued would be reduced by a proportional amount.In connection with any borrowings under the Loan Program, the Company and its business will be subject to certain restrictions, including, but not limited to, certain of the restrictions described above with respect to the PSP Agreement.

  • The PSP Agreement is a binding contract between United Airlines and the Department of the Treasury, which by its terms is governed by Federal law.

  • In connection with entering into the PSP Agreement, on April 20, 2020, UAL issued the PSP Note to the U.S. Treasury Department evidencing senior unsecured indebtedness of UAL in the initial principal amount of approximately $714.0 million.

  • On April 20, 2020, United entered into a Payroll Support Program Agreement (the "PSP Agreement") with the U.S. Treasury Department providing the Company with total funding of approximately $5.0 billion pursuant to the Payroll Support Program under the CARES Act.

  • NATO information is information belonging to, and circulated by, NATO.

  • Under the PSP Agreement, the Company and its business are subject to certain restrictions, including, but not limited to, restrictions on the payment of dividends and the ability to repurchase UAL's equity securities, requirements to maintain certain levels of scheduled service, requirements to maintain U.S. employment levels through September 30, 2020 and certain limitations on executive compensation.


More Definitions of PSP Agreement

PSP Agreement has the meaning specified in the preamble to this Note. “PSP Application” means the application form and any related materials submitted by the Allegiant Travel Company to Treasury in connection with an application for financial assistance under Division A, Title IV, Subtitle B of the CARES Act. Annex A-4 [AM_ACTIVE 402047542_6]
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PSP Agreement means a concession agreement, affermage agreement, management agreement or any agreement entered into by or on behalf of the State and a private sector Person selected by the State through a competitive bidding process (i) to provide Prescribed Water Services or (ii) to improve, rehabilitate or expand the network of Prescribed Water Services capabilities within the State.
Sample 1

Related to PSP Agreement

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors and officers of the Company, in the form of Exhibit B attached hereto.

  • Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership dated as of , 2011, as the same may be amended, modified or restated from time to time.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Transaction Agreement has the meaning set forth in the recitals.

  • Operating Agreement means the agreement, whether or not referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in section 489.110, subsection 1. The term includes the agreement as amended or restated.