PPF Clause Samples

The PPF (Project Payment Facility) clause establishes the terms and mechanisms for managing payments related to a specific project. Typically, it outlines how funds are to be deposited, held, and disbursed, often through a designated account or facility managed by a third party or financial institution. For example, it may specify milestones or deliverables that trigger payments, or set out procedures for handling disputes over payment. The core function of this clause is to ensure transparent, orderly, and secure handling of project funds, thereby reducing the risk of payment delays or disputes between parties.
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PPF. Produktionsprozess- und Produktfreigabe / Production Process and Product Approval
PPF. 1.3.1 The PPF is entering into this Agreement pursuant to section [111]10 [137]11 of the Pensions Act (and all other powers empowering it) and on the following assumptions (the "Assumptions") which the other Parties acknowledge: (a) the Pensions Regulator has given its clearance for the proposed restructuring of the Company [and the Group Companies];12 (b) the Pension Scheme is an Eligible Scheme; and (c) [on or before [DATE],]13 a Qualifying Insolvency will occur in relation to every Employer in relation to the Pension Scheme triggering an Assessment Period and the PPF Creditor Rights in relation to the whole of the Pension Scheme. 1.3.2 The PPF enters into this Agreement, and the other Parties acknowledge that the PPF enters into this Agreement, on the basis that: (a) it does so without having made any enquiries in relation to the Assumptions, and without passing any opinion on or acknowledging whether or not the Assumptions (or any of them) are true or correct; (b) nothing in this Agreement, any other Transaction Document, or otherwise shall be construed so as to create any obligation on the PPF to confirm that an Assessment Period has commenced or to assume responsibility for the Pension Scheme or any part of it. 1.3.3 The Parties (other than the PPF) agree that, if an Assessment Period commences in relation to the Pension Scheme (or any part of it), then unless and until: (a) the PPF ceases to be involved with the Pension Scheme pursuant to section 149 of the Pensions Act; or (b) subsection 154(1) of the Pensions Act applies to the Pension Scheme,
PPF. 1.3.1 The PPF is entering into this Deed pursuant to section [111]1 [137]2 of the Pensions Act (and all other powers empowering it) and on the following assumptions (the "Assumptions") which the other Parties acknowledge: (a) the Pensions Regulator has given its clearance for the proposed restructuring of the Company [and the Group Companies];3 (b) the Pension Scheme is an Eligible Scheme; and (c) [on or before [DATE],]4 a Qualifying Insolvency will occur in relation to every Employer in relation to the Pension Scheme triggering an Assessment Period and the PPF Creditor Rights in relation to the whole of the Pension Scheme. 1.3.2 The PPF enters into this Deed, and the other Parties acknowledge that the PPF enters into this Deed, on the basis that: 1 For use before the commencement of the Assessment Period under s132 Pensions ▇▇▇ ▇▇▇▇. 2 For use after the commencement of the assessment period. 3 Delete if not other group companies. Check this accurately reflects all of the parties who should be seeking clearance.
PPF. 2-child 2.SM-PST-run-FV ‘Children ran.’ b. Class 2 subject extraction (22) a. No extraction Mw-ǎn ě-pim-ɛɛ́ Ø-mbaaŋgé. [Akɔɔse] 1-child 1.NEG-throw.out-PRF.IRR 10-cocoyam ‘The child didn’t throw out the cocoyams.’ (▇▇▇▇▇▇▇▇ 2008: 105, #295) b. wh-object extraction Chě mw-ǎn é-pim-ɛɛ́ what 1-child H-1.NEG-throw.out-PRF.IRR? ‘What didn’t the child throw out?’ (▇▇▇▇▇▇▇▇ 2008: 106, #297) It appears from the above examples that languages that exhibit pronominal concordial A-bar agreement (Lubukusu, Shona) display A-bar agreement as ɸ-feature agreement whereas languages such as Akɔɔse and Medumba do not. This is also true for Ojibwe (see Lochbihler and Mathieu 2010). The table below summarizes the A-bar agreement typology in some Bantu languages namely Shona, Lubukusu, Akɔɔse and Medumba.