Commodities. 1. The Parties recognise the need to ensure a better operation of international commodity markets and to increase market transparency.
Commodities. During the period of this BOA, Chemonics may order and the Supplier may furnish and deliver health commodities authorized by USAID and USAID’s designated quality assurance contractor, Global Health Supply Chain Program - Quality Assurance (GHSC-QA), or other authorizing agent specified in the Annex, if applicable. Authorized items include, but are not limited to, the commodities listed in the Annex(es). Commodities offered in response to a Request for Quotes (RFQ), Request for Proposals (RFP) or other solicitation shall comply with the specifications and quality requirements included therein, including, but not limited to, shelf life, packaging, and documentation requirements. An Annex with specific terms and conditions may be periodically negotiated under this BOA in response to an RFQ or RFP. An Annex negotiated hereunder shall be expressly incorporated into and made a part of this BOA and include, but not be limited to, additional contract provisions, firm fixed unit and/or ceiling prices, and agreed commodity details. Chemonics may allocate Orders for products listed and priced in accordance with the provisions set forth in that Annex.
Commodities. Hedging Contracts entered into with the purpose and effect of fixing prices on oil, gas, and natural gas liquids expected to be produced by the Restricted Persons, provided that at all times: (i) no such Hedging Contract fixes a price for a term of more than sixty (60) months after such contract is entered into; (ii) the aggregate monthly production covered by all such contracts (determined, (A) in the case of contracts that are not settled on a monthly basis, by a monthly proration acceptable to the Administrative Agent and (B) by excluding basis differential swaps on volumes already hedged pursuant to other Hedging Contracts) for any single month does not in the aggregate exceed the greater of (x) for the five-year period following the date such contract is executed, ninety percent (90%) of the Restricted Persons’ aggregate Total PDP Projected Production, and (y) for the two-year period following the date such contract is executed, eighty-five percent (85%) of the Restricted Persons’ aggregate Total Proved Projected Production, and for periods thereafter to the sixtieth month following the date such contract is executed, seventy-five percent (75%) of the Restricted Persons’ aggregate Total Proved Projected Production; provided that a waiver of the corresponding covenant under the First Lien Credit Agreement shall automatically be deemed to constitute waiver of the covenant set forth in this clause (a)(ii); (iii) except for letters of credit and the Collateral under the First Lien Security Documents with respect to First Lien Lender Hedging Obligations, no such contract requires any Restricted Person to put up money, assets, or other security against the event of its nonperformance prior to actual default by such Restricted Person in performing its obligations thereunder, and (iv) each such contract is entered into with an Approved Counterparty. The percentages set forth in clause (ii) of the preceding sentence must be calculated and measured separately for projected oil, gas, and natural gas liquid production.
Commodities. Except for Gold bullion, the Fund will not purchase or sell commodities unless acquired as a result of ownership of securities or other investments. This limitation does not preclude the Fund from purchasing or selling options, futures or forward contracts, from investing in securities or other instruments backed by commodities or from investing in companies, which are engaged in a commodities business or have a significant portion of their assets in commodities.
Commodities. Any equipment, material, supply or goods; anything movable or tangible that is provided or sold. Commodities Description: Detailed descriptions of the items to be purchased; may include information necessary to obtain the desired quality, type, color, size, shape, or special characteristics necessary to perform the work intended to produce the desired results.
Commodities. The Nigerian HIV/AIDS program implements a pooled procurement system for drugs and commodities used in the country, with investments from PEPFAR, Global Fund and GoN. PEPFAR does not envisage commodity shortages in FY21, however, there may be stock challenges for cotrimoxazole 960mg required in the first quarter of FY23 to support CPT in adults with an estimated funding gap of $40,913. COP21 funds largely cover commodity requirements through FY22 Q1 for ARVs and laboratory commodities, which gives sufficient time for procurement planning with COP22 funds. The country will continue to manage the risk of manufacturer-related short supplies, particularly for EID and VL commodities, by monitoring trends and ensuring adequate buffer or contingency plans are made on alternative laboratory testing platforms. PEPFAR’s commodity investment will ensure commodity availability for the PEPFAR program in Nigeria, hence there will be limited concern for stock-outs during the FY22. Nigeria has transitioned to an all-inclusive pricing model for two out of three VL and EID equipment platforms and is in the process of completing same for the remaining platform. A Deliver-Duty-Paid (DDP) arrangement has been achieved for Roche and Hologic platforms while the country currently implements Free Carriage (FCA) Incoterm for the Abbott platform.Discussion is ongoing with SGAC to transition the Abbott platform to DDP as well as to explore opportunities to scale up in-country solutions via vendor manage inventory, which will be implemented in a phased approach commencing in FY22. This is targeted at shortening the procurement lead time and minimizing warehousing and in-country logistics costs particularly for laboratory commodities. Nigeria currently has one national supply plan for condom management. This facilitates coordination of procurement across multiple donors to ensure efficient scheduling of procurement based on available funds. The country condom supply plan incorporates a need for reduced in- country warehousing with a consideration for a semi-annual commodity resupply to service delivery points. The condom supply plan has also provided visibility into condom funding gaps and opportunities for advocacy and resource mobilization.COVID-19 has continued to have changing and unpredictable effects on the commodity supply chain. These could affect activities at the manufacturing site, availability of API and logistics/freight related delays. The following processes are in place...