FINANCIAL PROTOCOL Sample Clauses

The Financial Protocol clause establishes the rules and procedures governing financial transactions and obligations between the parties. It typically outlines how payments are to be made, the timing and method of invoicing, acceptable forms of payment, and any requirements for financial reporting or reconciliation. By clearly defining these processes, the clause ensures transparency and consistency in financial dealings, reducing the risk of disputes and misunderstandings related to monetary matters.
FINANCIAL PROTOCOL. 10.1 As part of the Parties wider commitment to combination, integration and joint working, the Parties have developed a Financial Protocol set out in Schedule 4 that establishes the principles of their financial relationship with effect from the Commencement Date. The Parties agree to be bound by the terms of the Financial Protocol and to fulfil their respective obligations there under. 10.2 The Parties may agree to vary the Financial Protocol from time to time in accordance with Clause 26.
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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.
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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 ...
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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.
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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...
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FINANCIAL PROTOCOL 
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Related to FINANCIAL PROTOCOL

  • FINANCIAL AID If the student obtains a loan to pay for an educational program, the student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund. If the student is eligible for a loan guaranteed by the federal or state government and the student defaults on the loan, both of the following may occur: 1. The federal or state government or a loan guarantee agency may take action against the student, including applying any income tax refund to which the person is entitled to reduce the balance owed on the loan. 2. The student may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid.

  • Policy Statement The RSU Award grant the Company is making under the Plan is unilateral and discretionary and, therefore, the Company reserves the absolute right to amend it and discontinue it at any time without any liability. The Company, with registered offices at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, #▇▇-▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, is solely responsible for the administration of the Plan, and participation in the Plan and the grant of the RSU Award do not, in any way, establish an employment relationship between the Participant and the Company since he or she is participating in the Plan on a wholly commercial basis and the sole employer is Availmed Servicios S.A. de C.V., Grupo Flextronics S.A. de C.V., Flextronics Servicios Guadalajara S.A. de C.V., Flextronics Servicios Mexico S. de ▇.▇. de C.V. and Flextronics Aguascalientes Servicios S.A. de C.V., nor does it establish any rights between the Participant and the Employer. Plan Document Acknowledgment. By accepting the RSU Award, the Participant acknowledges that he or she has received copies of the Plan, has reviewed the Plan and the Agreement in their entirety, and fully understands and accepts all provisions of the Plan and the Agreement. In addition, the Participant further acknowledges that he or she has read and specifically and expressly approves the terms and conditions in the Nature of Grant section of the Agreement, in which the following is clearly described and established: (i) participation in the Plan does not constitute an acquired right; (ii) the Plan and participation in the Plan is offered by the Company on a wholly discretionary basis; (iii) participation in the Plan is voluntary; and (iv) the Company and any Parent, Subsidiary or Affiliates are not responsible for any decrease in the value of the Shares acquired upon vesting of the RSU Award. Finally, the Participant hereby declares that he or she does not reserve any action or right to bring any claim against the Company for any compensation or damages as a result of his or her participation in the Plan and therefore grants a full and broad release to the Employer, the Company and any Parent, Subsidiary or Affiliates with respect to any claim that may arise under the Plan.

  • Financial Management System Subrecipient shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. Contractor’s system shall provide fiscal control and accounting procedures that will include the following: i. Information pertaining to tuition rates, payments, and educational assistance payments; and

  • Financial Ability Each of the Buyer Parties acknowledges that its obligation to consummate the transactions contemplated by this Agreement and the Brewery Transaction is not and will not be subject to the receipt by any Buyer Party of any financing or the consummation of any other transaction other than the occurrence of the GM Transaction Closing and, in the case of the Brewery Transaction, the consummation of the transactions contemplated by this Agreement. The Buyer Parties have delivered to ABI a true, complete and correct copy of the executed definitive Second Amended and Restated Interim Loan Agreement, dated as of February 13, 2013, among Bank of America, N.A. (“Bank of America”), JPMorgan Chase Bank N.A. (“JPMorgan”) and CBI (collectively, the “Financing Commitment”), pursuant to which, upon the terms and subject to the conditions set forth therein, the lenders party thereto have committed to lend the amounts set forth therein (the “Financing”) for the purpose of funding the transactions contemplated by this Agreement and the Brewery Transaction. The Buyer Parties have delivered to ABI true, complete and correct copies of the fee letter and engagement letters relating to the Financing Commitment (redacted only as to the matters indicated therein), the Financing Commitment has not been amended or modified prior to the date of this Agreement, and, as of the date hereof, the respective commitments contained in the Financing Commitment have not been withdrawn, terminated or rescinded in any respect. There are no agreements, side letters or arrangements to which CBI or any of its Affiliates is a party relating to the Financing Commitment that could affect the availability of the Financing. The Financing Commitment constitutes the legally valid and binding obligation of CBI and, to the Knowledge of CBI, the other parties thereto, enforceable in accordance with its terms (except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar Laws of general applicability relating to or affecting creditors’ rights, and by general equitable principles). The Financing Commitment is in full force and effect and has not been withdrawn, rescinded or terminated or otherwise amended or modified in any respect, and no such amendment or modification is contemplated. Neither CBI nor any of its Affiliates is in breach of any of the terms or conditions set forth in the Financing Commitment, and assuming the accuracy of the representations and warranties set forth in Article 4 and performance by ABI of its obligations under this Agreement and the Brewery SPA, as of the date hereof, no event has occurred which, with or without notice, lapse of time or both, would reasonably be expected to constitute a breach, default or failure to satisfy any condition precedent set forth therein. As of the date hereof, no lender has notified CBI of its intention to terminate the Financing Commitment or not to provide the Financing. There are no conditions precedent or other contingencies related to the funding of the full amount of the Financing, other than as expressly set forth in the Financing Commitment. The aggregate proceeds available to be disbursed pursuant to the Financing Commitment, together with available cash on hand and availability under CBI’s existing credit facility, will be sufficient for the Buyer Parties to pay the Purchase Price hereunder and under the Brewery SPA and all related fees and expenses on the terms contemplated hereby and thereby in accordance with the terms of this Agreement and the Brewery SPA. As of the date hereof, CBI has paid in full any and all commitment or other fees required by the Financing Commitment that are due as of the date hereof. As of the date hereof, the Buyer Parties have no reason to believe that CBI and any of its applicable Affiliates will be unable to satisfy on a timely basis any conditions to the funding of the full amount of the Financing, or that the Financing will not be available to CBI on the Closing Date.

  • FINANCIAL EVALUATION (a) The financial bid shall be opened of only those bidders who have been found to be technically eligible. The financial bids shall be opened in presence of representatives of technically eligible bidders, who may like to be present. The institute shall inform the date, place and time for opening of financial bid. (b) Arithmetical errors shall be rectified on the following basis. If there is a discrepancy between the unit price and total price that is, the unit price shall prevail and the total price shall be corrected by the Institute. If there is a discrepancy between words and figures, the lesser amount shall be considered as valid. If the Supplier does not accept the correction of the errors, his bid shall be rejected. (c) The AIIMS Jodhpur does not bind himself to accept the lowest bid or any bid and reserves the right of accepting the whole or any part of the bid or portion of the job offered; and the bidder shall provide the same at the rates quoted. The AIIMS Jodhpur reserves the right to reject any or all offers received in response to tender or cancel or withdraw the tender notice without assigning any reason, whatsoever.