PSP2 Agreement definition

PSP2 Agreement has the meaning specified in the preamble to this Note.
Sample 1Sample 2Sample 3
PSP2 Agreement means the Payroll Support Program Extension Agreement entered into by the Subsidiaries with Treasury on the PSP2 Closing Date.
Sample 1Sample 2Sample 3
PSP2 Agreement means the Payroll Support Program Extension Agreement entered into by the Subsidiaries with Treasury on January 15, 2021.
Sample 1Sample 2

Examples of PSP2 Agreement in a sentence

  • Issuer has requested that Treasury provide financial assistance to the Issuer and certain of its Affiliates (as defined below) that are Recipients (as defined in the PSP2 Agreement) that shall be used for the continuation of payment of employee wages, salaries, and benefits as is permissible under Section 402(a) of the PSP Extension Law.

  • Upon any disbursement to the Issuer under the PSP2 Agreement after the Closing Date, the Principal Amount of this Note shall be increased in an amount equal to 30 % of any such disbursement; provided, however, that no increases in the Principal Amount of this Note shall occur pursuant to this Section until the aggregate principal amount of any disbursements to the Issuer under the PSP2 Agreement is greater than $100,000,000.

  • FOR VALUE RECEIVED, Issuer unconditionally promises to pay to the Holder (as defined below) the principal sum of ZERO DOLLARS ($0), subject to increases and/or decreases made pursuant to Section 2.1, as permissible under the PSP2 Agreement, or Section 2.3, in each case as noted by the Holder in Schedule I (the “Principal Amount”), outstanding hereunder, together with all accrued interest thereon on the Maturity Date (as defined below) as provided in this Note.

  • The use of PSP2 funds for any other purpose is prohibited under the statute and the PSP2 Agreement.

  • Under paragraph 5 of the PSP2 Agreement, the recipient and its affiliates are prohibited from purchasing an equity security of the recipient or of any direct or indirect parent company of the recipient that is listed on a national securities exchange.

  • Further, a net share settlement of outstanding convertible debt securities will not violate paragraph 5 of the PSP2 Agreement if it does not involve the company’s repurchase of shares of publicly traded stock.

  • Upon any disbursement to the Issuer under the PSP2 Agreement after the Closing Date, the Principal Amount of this Note shall be increased in an amount equal to 30.333% of any such disbursement; provided, however, that no increases in the Principal Amount of this Note shall occur pursuant to this Section until the aggregate principal amount of any disbursements to the Issuer under the PSP2 Agreement is greater than $100,000,000.

  • This prohibition only applies to the entity that signs the PSP2 Agreement and entities specified as “Additional Recipients” under the PSP2 Agreement.

  • All recipients will remain subject to the other reporting and recordkeeping requirements under the PSP2 Agreement, in addition to those under paragraph 12, as set forth in the PSP2 Agreement.

  • These terms are described in detail in the PSP2 Agreement that each PSP2 participant enters into with Treasury.


More Definitions of PSP2 Agreement

PSP2 Agreement means the Payroll Support Program Extension Agreement, dated as of January 15, 2021, between American Airlines and Treasury.
Sample 1

Related to PSP2 Agreement

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Xxxxxx Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The Xxxxx Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.

  • Collaboration Agreement has the meaning set forth in the Recitals.

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • License Agreement means the agreement between SAP (or an SAP SE Affiliate, or an authorized reseller) under which Customer procured the rights to use SAP Software or a Cloud Service.

  • Development Agreement has the meaning set forth in the Recitals.

  • Transition Agreement has the meaning set forth in Section 12.8.1.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Payment Agreement means a written agreement which provides

  • 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;

  • Licence Agreement means an agreement (whether or not in writing) between the owner of student accommodation and a student giving a licence to the student;

  • Secondment Agreement is defined in Section 2.2.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Master Separation Agreement has the meaning set forth in the recitals.

  • Letter Agreement means that certain letter agreement between the initial Holder hereof and the Company, dated as of August 21, 2023, pursuant to which such initial Holder agreed to exercise one or more warrants to purchase shares of Common Stock and the Company agreed to issue to the initial Holder this Warrant.

  • TRIPS Agreement means the Agreement on Trade-Related Aspects of Intellectual Property Rights in Annex 1C to the WTO Agreement;

  • Joint Agreement means a type of Fund Use Agreement between the Consortium and the Fund Council that sets forth an umbrella set of terms and conditions that govern principally the submission and approval of CRP proposals and the transfer and use of funds from the CGIAR Fund for implementation of CRPs.

  • Cross License Agreement means that certain Cross License Agreement between and among Medarex, Cell Genesys, Inc., Abgenix, Inc., Xenotech, L.P. and Japan Tobacco Inc., dated March 26, 1997.

  • Side Agreement means the Side Agreement for Transfer Agency Services between the Customer and Transfer Agent dated as of January 1, 2015.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

  • Client Agreement means the agreement between the Company and the Client, which together with the Terms of Business are defined as “Operative Agreements” and govern the terms on which the Company deals with the Client.

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

  • Alliance Agreement has the meaning given to such term in paragraph 11.2 of Schedule 13 (Information and Industry Initiatives);