FINANCIAL PROTOCOL Sample Clauses

FINANCIAL PROTOCOL. For the purposes set out in this Agreement and for a period of five years commencing 1 March 2000, the overall amount of the Community's financial assistance to the ACP States shall be EUR 15 200 million.

FINANCIAL PROTOCOL. THE CONTRACTING PARTIES, DESIRING to promote the accelerated development of the Turkish economy in furtherance of the objectives of the Agreement of Association, HAVE AGREED AS FOLLOWS: 1. Requests for the financing of investment projects which will serve to increase the productivity of the Turkish economy and further the objectives of the Agreement of Association, and which are part of the Turkish development plan, may be submitted by the Turkish State and by Turkish undertakings to the European Investment Bank, which shall inform them of the action taken thereon. 2. Projects for which requests are approved shall be financed by loans. These loans may be contracted up to a total of 175 million units of account, which-may be committed in the five years following the entry into force of this Agreement. 3. Requests for financing submitted by Turkish undertakings shall not be approved without the agreement of the Turkish Government. 1. Loans shall be. granted on the basis-of the economic features of the.projects. which they are to finance. 2. Loans, especially those for investment projects the return on which is indirect or long term, may be made on special terms such as reduced rates of interest, extended repayment periods, interest-free periods and, where appropriate, any other special repayment terms which may facilitate the servicing of such loans by Turkey. 3. Any loan granted to an undertaking or to an authority other than the Turkish State shall be subject to a guarantee from the Turkish State. 1. The Bank may make the granting of these loans subject to public invitation to tender or other tendering procedures. Participation in such public invitations to tender or other tendering procedures shall be open on equal terms to all natural and legal persons who are nationals of Turkey or of Member States of the Community. 2. Loans may be used to cover expenditure on imports or domestic expenditure, where such expenditure is necessary for carrying out approved investment projects. 3. The Bank. shall ensure that the funds are used in the most -judicious manner and in accordance with the objectives of this Agreement. 6. Turkey undertakes to allow recipients of these loans to obtain the currency: necessary for the repayment of the loans and of interest thereon. 7. Assistance provided under.this Protocol for carryirig out certain projects may take the form: of Participation in. financing operations in which, in particular, third countries, international - finance ...

FINANCIAL PROTOCOL. As part of the Councils’ wider commitment to combination, integration and joint working, there is the requirement for a Financial Protocol that establishes the principles of how the financial relationship between the Councils will work. The Councils agree to be bound by the terms of the Financial Protocol and to fulfil their respective obligations there under. The principles within the financial protocol will need to be included in the respective Target Operating Model and business case for each work package.

FINANCIAL PROTOCOL. The Cooperation Agreement and the Transport Agreement are accompanied by a Financial Protocol for the period 1996-2000, providing for budget funds totalling ECU 20 million and loans from EIB own resources for a total amount of ECU 150 million. The EIB loans are intended for the financing or part-financing of projects contributing to the economic development of FYROM. This amount will be committed over a period of five years in line with the usual EIB conditions. Commitment of the instalments will be contingent on verification by the Community of FYROM's capacity to absorb the loans, on the headway being made with economic reform and on compatibility with the constraints imposed by the Guarantee Fund for the Union's external actions and the conclusions of the ECOFIN Council of November 1995 on EIB loans to third countries. The allocation of ECU 20 million in budget funds is intended as an interest-rate subsidy to the financing of infrastructure projects. The Community's contribution to the financing of projects is subject to full implementation by FYROM of its suspended financial obligations to the EIB and the Community. JOINT DECLARATION OF THE EUROPEAN COMMUNITY AND ITS MEMBER STATES AND THE FORMER YUGOSLAV REPUBLIC OF MACEDONIA ON POLITICAL DIALOGUE On the occasion of the signature of the Cooperation Agreement between the European Community and the former Yugoslav Republic of Macedonia, the European Community and its Member States and the former Yugoslav Republic of Macedonia (hereinafter the "Parties") express their resolution to reinforce and intensify their mutual relations in the political, economic and cultural fields. Accordingly, the Parties have agreed to establish a regular political dialogue which will accompany and consolidate their rapprochement, support the political and economic changes under way in the former Yugoslav Republic of Macedonia, and contribute to the establishment of lasting links or solidarity and new forms of cooperation. The political dialogue, based on shared values and aspirations, will aim at: 1. reinforcing democratic principles and institutions, as well as respect for human rights, including the rights of persons belonging to minorities, 2. supporting the transition to a market economy in the former Yugoslav Republic of Macedonia, 3. facilitating the full integration of the former Yugoslav Republic of Macedonia into the Community of democratic nations and its progressive rapprochement with the Community, 4. bringing abo...

FINANCIAL PROTOCOL