PPAI definition

PPAI means the amount to be deducted for the purpose of offsetting and repaying the Pre-payment Amount, as defined in this Agreement.

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PPAI means the amount to be deducted from each Shipment Invoice or Final Invoice, as applicable, for the purpose of offsetting and repaying the Pre-payment Amount and the interest incurred during the corresponding period (from the Seller’s receipt of such Pre-payment Amount to the deduction date), until the Pre-payment Amount and the interest fully repaid. Each PPAI shall be equivalent to the lowest amount among (i) [●] percent of the Pre-payment Amount, (ii) [●] percent of the Shipment Invoice or the Final Invoice, as applicable, or (iii) the remaining amount of Pre-payment Amount and the interest. Unless otherwise indicated in this Agreement, the interest of the Pre-payment Amount will be calculated at the rate of [●] per annum.

PPAI means (i) Perfusion Partners & Associates, Inc. and its Affiliates, (ii) any Entity in which David Buzenius or Patrick Penne (whether individually or ▇▇▇▇▇▇▇▇▇▇▇▇), di▇▇▇▇▇▇ ▇▇ ▇▇▇irectly own 50% or more of the capital, assets, voting securities, partnership or other ownership interests, and (iii) all directors, officers, employees, Affiliates, agents, predecessors or successors to any Entity identified in subclauses (i) and (ii) hereof.

Examples of PPAI in a sentence

• The parties understand that the withdrawal of the sponsorship reserved from availability at a time when other parties would be interested in applying for it, will cause the PPAI to sustain damages.

• Neither PPAI nor the Facility accepts responsibility, nor is a bailment created, for property delivered by or to Sponsor.

• If PPAI changes the name of the Event, re-locates the Event to another event facility within the same city, or changes the dates for the Event to dates that are not more than 30 days earlier or 30 days later than the dates on which the Event originally was scheduled to be held, no refund will be due to Sponsor, but PPAI shall assign to Sponsor, in lieu of the original sponsorship, such other sponsorship as PPAI deems appropriate and Sponsor agrees to under the terms of this contract.

• This contract shall become binding and effective only when it has been signed by ▇▇▇▇▇▇▇, and accepted as valid by a duly authorized representative of PPAI.

• Effective for all PPAI events and publications, any company that wants to gain access to the PPAI marketplace (through trade-show exhibit space, sponsorships, and advertising) is required to obtain Product Safety Aware status.

• Sponsor shall observe and abide by additional regulations made by PPAI as soon as these additional rules or regulations are communicated to Sponsor.

• Sponsorship shall be assigned by PPAI in its sole discretion for the Event and for the Event Dates only.

• This amount is considered to be liquidated and agreed upon damages, for the injuries the PPAI will suffer as a result of Sponsor’s cancellation.

• If PPAI elects to cancel the Event other than for a reason previously described in this paragraph, PPAI shall refund to each Sponsor its entire sponsorship payment previously paid, in full satisfaction of all liabilities of PPAI to Sponsor.

• Under no circumstances shall PPAI, or the Facility be liable for any lost profits or ay incidental, special, indirect, punitive or consequential damages whatsoever for any of their acts or omissions, whether or not apprised of the possibility of any such lost profits or damages.

More Definitions of PPAI

PPAI means the amount to be deducted from each Shipment Invoice or Final Invoice, as applicable, for the purpose of offsetting and repaying the Pre-payment Amount, until the Pre-payment Amount is fully repaid. Each PPAI shall be equivalent to the lowest amount between [●]% of the Pre-payment Amount or [●]% of the Shipment Invoice or the Final Invoice, as applicable.