PPF definition
Examples of PPF in a sentence
The PPF is five (5%) percent of Company’s monthly Gross Receipts, as defined below, for the previous month as presented in Company's Monthly Statement of Gross Receipts.
The PPF is five percent (5%) of Company’s monthly Gross Receipts, as defined below, for the previous month as presented in Company's Monthly Statement of Gross Receipts.
Company is responsible for paying the PPF amount to the Authority within fifteen (15) days from the date of the Authority's invoice, commencing on the month following the first month of this Agreement.
Following receipt of Company's annual certified statement or an annual audit report, the Authority will prepare and submit to Company a statement showing the PPF due compared to the PPF previously invoiced by the Authority for the applicable period.
If the PPF previously invoiced by the Authority for the applicable period exceeds the PPF calculated on the certified Gross Receipts, the Authority will issue a credit memo indicating that the overpayment will be credited to the fees next thereafter due from Company.