PPIB definition
Examples of PPIB in a sentence
If the PPIB has any objections to the terms specified in such term sheet or schedule, it shall inform the Company thereof within fifteen (15) Business Days of its receipt thereof; otherwise, it shall be deemed not to have objected to those terms and the Company shall be entitled thereafter to execute the Financing Documents, consistent with those terms and a principal repayment schedule of the specified term or a shorter term without further notice to or approval by the PPIB.
If the PPIB has not notified the Company of any objections to the term sheet or schedule related to the proposed modification to the principal re-payment schedule within such fifteen (15) Business Day period, such term sheet or schedule shall be deemed not objected to by the PPIB.
In addition to the rights the GOP may have under this Agreement or under the Laws of Pakistan, in the event that the Company fails to submit any of the documents, reports or information as and when required under this Agreement, the GOP shall be entitled to assess against and recover from the Company fines and costs established from time to time by the PPIB for such non-compliance.
Producer shall obtain authority and a deposit of premium from any of Producer’s insureds before placing their insurance through the insurance facilities of PPIB.
If Wholesaler/MGA does not confirm a deposit from their retail Producer, the Wholesaler/ MGA is still responsible for payments to PPIB.
Producer acknowledges its duty to fully inform its clients of the terms, conditions, exclusions and limitations of any insurance placed through PPIB.
PPIB shall have no legal responsibility for Producer issued certificates.
Producer shall not have authority to bind any coverage with any of PPIB’s insurance facilities, or make any changes in the terms or conditions of any coverage placed through PPIB until approved in writing by PPIB.
In addition, the confidentiality provisions contained in this Agreement shall apply to PPIB and its representative with respect to any confidential or proprietary information reviewed in the EPC Contract.
The Company shall provide PPIB with a copy of the loan agreements executed on the date of Financial Closing no later than fifteen (15) Business Days after Financial Closing.