Examples of PSP Fund in a sentence
In the event of the death, disability, resignation or removal of an Investor Director as a member of the Board (other than pursuant to Section 5.13(b)), the Investor and/or the PSP Fund may designate an Investor Director Designee to replace such director and the Company and the Board shall cause such Investor Director Designee to fill such resulting vacancy.
The oversight roles can also be split between the Prime Minister, being responsible for the appointments and governance of the PSP Fund, and the Minister of Finance with the assistance of NAMFISA, being responsible for the financial performance and management of the Fund.
For the avoidance of doubt, neither the Investor, the PSP Fund, nor any other Person shall have any approval rights pursuant to this Section 5.06(a) unless and until the Second Closing occurs.
The Investor and the PSP Fund shall not be required to comply with the advance notice provisions generally applicable to the nomination of directors by the Company so long as the Investor or the PSP Fund provide reasonable advance notice to the Company of the Investor Director Designees prior to the mailing of the Proxy Statement by the Company (provided, that the Company shall provide reasonable advance notice to the Investor and the PSP Fund of the expected mailing date).
The PSP Fund is an intended third party beneficiary of Section 5.06, Section 5.13 and Section 5.20.
No event has occurred which, with or without notice, lapse of time or both, would or would reasonably be expected to constitute a default or breach on the part of the Investor or the PSP Fund under the Equity Commitment Letter.
Therefore, the Bill should allow the Minister to make certain provisions the latter Act applicable to the PSP Fund.
The Investor shall provide the Company prompt notice upon receiving written notice or a written communication in respect of, or otherwise obtaining knowledge of, any breach, default, repudiation, cancellation or termination by the PSP Fund of the Equity Commitment Letter.
The Agreement established the Province and OPSEU as joint sponsors of the new Plan and provided for the transfer of assets and obligations for benefits for members of the OPSEU Pension Plan from the Public Service Pension Fund (PSP Fund) to the OPSEU Pension Plan Fund (the Fund).
Government must acknowledge that the assets of the PSP Fund are not the property of the State and that employees and pensioners must have a say in the management of the Fund and investment of assets.