Aim of the Cooperation Agreement Sample Clauses

Aim of the Cooperation Agreement. The aim of the Cooperation Agreement between the Central Bank of Iceland and the Financial Supervisory Authority (FME) is to promote a healthy, effective, and secure financial system in Iceland, including payment and settlement systems. In order to achieve this aim, the following is necessary: • To define explicitly the responsibilities of each institution and the division of tasks between them; • To ensure that the institutions work together on their defined tasks; • To ensure that the acquisition and communication of information from financial institutions and between the institutions is carried out in a systematic manner; • To ensure that analysis of stability generates a clear picture of financial institutions’ strengths and weaknesses and their ability to respond to changes, both in the macroeconomic environment and in domestic and foreign markets; • To ensure that the work of the two institutions aims at reducing systemic risk, thereby reducing the likelihood of a financial shock; • To ensure that coordinated contingency plans are in place and that experience is drawn from conducting contingency exercises; • To assess, on a regular basis, how well the existing regulatory framework conduces towards the achievement of financial stability objectives.
Sample 1
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Aim of the Cooperation Agreement. The aim of the Agreement is for cooperation between the contracting parties to be guided by the following principles: • Clarifying the responsibility of each party and division of tasks between them, both with respect to each other and vis-à-vis companies in financial markets and the general public. • Ensuring that all duplication of tasks in their joint activities shall be kept to an absolute minimum, both to prevent inconvenience for stakeholders and to minimise the cost of the contracting parties’ activities. • Smooth and swift information exchange between the parties. • Reciprocal provision of information at the first possible instance when indications of difficulties in financial markets arise. • Ensuring coordinated responses by the FME and Central Bank to conceivable systemic risks in financial markets. • Promoting efficiency and safety of payment and settlement systems and ensuring that the systems fulfil the demands made towards them.
Sample 1
Aim of the Cooperation Agreement. The aim of the Agreement is as follows: - Promoting efficiency and safety of payment and settlement systems. - Clear responsibility of each party and the division of tasks between them, and the avoidance of duplication of tasks. - Preventing any reduction in the responsibility of operators of payment and settlement systems for ensuring that the systems fulfil the demands made towards them.
Sample 1

Related to Aim of the Cooperation Agreement

  • Cooperation Agreement At the Closing, PCC and Buyer shall, and PCC shall cause PCC Parent to, execute and deliver the Cooperation Agreement pursuant to which Buyer, PCC Parent and PCC shall provide each other certain information and other assistance in connection with the collection, administration and/or satisfaction of certain of the Retained Liabilities.

  • Transition Agreement At Closing, Buyer and Seller shall execute the applicable Transition Agreements.

  • Collaboration Agreement The Collaboration Agreement shall not have been terminated in accordance with its terms and shall be in full force and effect.

  • Services Agreement “Services Agreement” shall mean any present or future agreements, either written or oral, between Covered Entity and Business Associate under which Business Associate provides services to Covered Entity which involve the use or disclosure of Protected Health Information. The Services Agreement is amended by and incorporates the terms of this BA Agreement.

  • Master Services Agreement This Agreement is a master agreement governing the relationship between the Parties solely with regard to State Street’s provision of Services to each BTC Recipient under the applicable Service Modules.

  • Cooperative Agreement The provisions and pricing of this Contract will be extended to other California local or state governmental entities. Governmental entities wishing to use this Contract will be responsible for issuing their own purchase documents/price agreements, providing for their own acceptance, and making any subsequent payments. Contractor shall be required to include in any Contract entered into with another agency or entity that is entered into as an extension of this Contract a Contract clause that will hold harmless the County of Orange from all claims, demands, actions or causes of actions of every kind resulting directly or indirectly, arising out of, or in any way connected with the use of this contract. Failure to do so will be considered a material breach of this Contract and grounds for immediate Contract termination. The cooperative entities are responsible for obtaining all certificates of insurance and bonds required. The Contractor is responsible for providing each cooperative entity a copy of the Contract upon request by the cooperative entity. The County of Orange makes no guarantee of usage by other users of this Contract. The Contractor shall be required to maintain a list of the cooperative entities using this Contract. The list shall report dollar volumes spent annually and shall be provided on an annual basis to the County, at the County’s request.

  • Transition Services Agreement Seller shall have executed and delivered the Transition Services Agreement.

  • Development Agreement As soon as reasonably practicable following the ISO’s selection of a transmission Generator Deactivation Solution, the ISO shall tender to the Developer that proposed the selected transmission Generator Deactivation Solution a draft Development Agreement, with draft appendices completed by the ISO to the extent practicable, for review and completion by the Developer. The draft Development Agreement shall be in the form of the ISO’s Commission-approved Development Agreement for its reliability planning process, which is in Appendix C in Section 31.7 of Attachment Y of the ISO OATT, as amended by the ISO to reflect the Generator Deactivation Process. The ISO and the Developer shall finalize the Development Agreement and appendices as soon as reasonably practicable after the ISO’s tendering of the draft Development Agreement. For purposes of finalizing the Development Agreement, the ISO and Developer shall develop the description and dates for the milestones necessary to develop and construct the selected project by the required in-service date identified in the Generator Deactivation Assessment, including the milestones for obtaining all necessary authorizations. Any milestone that requires action by a Connecting Transmission Owner or Affected System Operator identified pursuant to Attachment P of the ISO OATT to complete must be included as an Advisory Milestone, as that term is defined in the Development Agreement. If the ISO or the Developer determines that negotiations are at an impasse, the ISO may file the Development Agreement in unexecuted form with the Commission on its own, or following the Developer’s request in writing that the agreement be filed unexecuted. If the Development Agreement is executed by both parties, the ISO shall file the agreement with the Commission for its acceptance within ten (10) Business Days after the execution of the Development Agreement by both parties. If the Developer requests that the Development Agreement be filed unexecuted, the ISO shall file the agreement at the Commission within ten (10) Business Days of receipt of the request from the Developer. The ISO will draft, to the extent practicable, the portions of the Development Agreement and appendices that are in dispute and will provide an explanation to the Commission of any matters as to which the parties disagree. The Developer will provide in a separate filing any comments that it has on the unexecuted agreement, including any alternative positions it may have with respect to the disputed provisions. Upon the ISO’s and the Developer’s execution of the Development Agreement or the ISO’s filing of an unexecuted Development Agreement with the Commission, the ISO and the Developer shall perform their respective obligations in accordance with the terms of the Development Agreement that are not in dispute, subject to modification by the Commission. The Connecting Transmission Owner(s) and Affected System Operator(s) that are identified in Attachment P of the ISO OATT in connection with the selected transmission Generator Deactivation Solution shall act in good faith in timely performing their obligations that are required for the Developer to satisfy its obligations under the Development Agreement.

  • Transitional Services Agreement Buyer shall have executed and delivered to Seller, for execution by Seller, the Transitional Services Agreement.

  • Consulting Agreements The Corporation has entered into consulting agreements with the following parties: Party Effective Date

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