PMII definition
Examples of PMII in a sentence
In the event of any variation in: the date of payment of PMII or the Monthly Installment or the amount of interest, principal or Monthly Installment or PMII or the numbers thereof, the Borrower agrees and undertakes to forthwith issue fresh PDCs/ ECS/SI instructions to the Lender as may be required by the Lender.
PMII and ISRG shall each be solely responsible for their own employees and salespeople and for their acts and the things done by them.
Neither PMII nor ISRG is granted in this Agreement any right or authority to, and shall not attempt to, assume or create any obligation or responsibility for or on behalf of the other.
Neither PMII nor ISRG shall have any authority to bind the other to any contract, whether of employment or otherwise, and PMII and ISRG shall bear all of their respective expenses for their operations, including the compensation of their employees and the maintenance of their offices and service facilities.
As between the Parties, ISRG shall be responsible for the payment of all such taxes and duties (excluding taxes based upon PMII’s income), or if applicable shall provide PMII with appropriate certification of exemption.
However, in the event PMII terminates this Agreement pursuant to Section 8.2(b) and the Irrevocable License Fee has been paid under the License Agreement (thus, all licenses to the Licensed IP can neither be revoked nor terminated), ISRG shall pay PMII a royalty of [confidential treatment requested pursuant to Rule 24b-2] on ISRG’s Reload sales (net of credits and returns) to ISRG’s customers during the remainder of the Initial Term.
ISRG shall provide PMII with a non-binding twelve (12) month rolling forecast of ISRG’s delivery requirements, updated each calendar quarter.
At ISRG’s request, during the Reload Manufacturing Period, PMII shall provide reasonable consultation, advice and technical assistance to ISRG or any ISRG Affiliate (without payment of any additional fee or charge, but in consideration of ISRG or such Affiliate reimbursing PMII for its reasonable out-of-pocket costs) as may be useful or necessary to permit ISRG or its designees to understand and utilize the Reload Manufacturing Data to manufacture Reloads.
As at the Agreement Date, all of the Licensed IP is owned by PMII.
PMII shall deliver Reloads F.C.A. (Incoterms 2000) ISRG’s receiving dock, and title and risk of loss shall pass to ISRG or its designee upon delivery to ISRG’s or its designee’s receiving dock.