VPII definition
Examples of VPII in a sentence
Reseller shall purchase a minimum of One VP-II S UC-2 Integrated Proximity Reader Bundle with wireless and case within [*] days of the signing of this Agreement to be used for demonstration and training purposes at a [*] discount to the applicable Reseller Price listed in Schedule C.
If such training is agreed to by both parties and if such training is necessary due to the introduction of any new Products (which excludes the future products that do not utilize the VP-II technology pursuant to Article 1.3) or necessary to achieve better installation and maintenance standards.
The termination of this Agreement shall not relieve the Recipient of the obligations imposed by Sections 1, 4 5, 9 through 13 inclusive of this Agreement which shall survive any such termination and continue for a period of three (3) years from the date of execution of this Agreement, or relieve either party of its obligations under Section 6 of this Agreement or relieve VPII of its obligations under Section 7 of this Agreement (which shall survive for the stated durations thereof).
For the purpose of this Article only, VP-II Ms and or Ss shall be considered purchased when Distributor opens an irrevocable L/C of or wire-transfers the quoted amount for shipment.