"So long as a token is grasped in the user's off hand, she can spend 1 panache point to gain the use of a specific ability associated with the token."
Does the token need to be grasped for the entire duration of the ability's use (e.g. the whole minute for the Blue Scarf) or only as long as necessary to activate the ability (e.g. a swift action for the Blue Scarf)?
"In any case, if you use a weapon in your off hand, you lose the buckler's Armor Class bonus until your next turn. You can cast a spell with somatic components using your shield arm, but you lose the buckler's Armor Class bonus until your next turn."
The rules as written say that the shield bonus to AC is lost when using a weapon or casting a spell, but would you say that you lose the bonus when activating a Swordmaster's Flair (i.e. losing the AC bonus for that round as if using a weapon) or holding a Swordmaster's Flair (i.e. losing the AC bonus for a minute if you need to hold it for the whole duration)?
you can hold things in your buckler hand and still benefit from it's ac, p.e. holding a potion in the hand. that doesn't change for the swordmaster's flair. you can use your buckler normally and still hold the falir and use both.
the only time where buckler isn't protecting you is when you move your hand to atack, cast a spell, or generally stop using it activly to parry hits, which activating a swift action items surely doesn't.
