INSTITUTIONAL ACTORS Sample Clauses

INSTITUTIONAL ACTORS. The subjects who preside over the management and handling of friendly procedures are the Secretariat of State for Finance and Budget, the Finance and Budget Department, as the competent authority for the Republic of San Marino, and the Tax Office. In general, the term "competent authority" designates the body which represents a contracting state in relations arising from a treaty. With specific reference to the MAP, the competent authority is the body that exercises the functions of state representation for what concerns both the internal aspects relating to relations with the taxpayer and the external aspects relating to relations with the other State involved in the procedure. . The competent authority undertakes, in conditions of full independence and discretion, also towards the Tax Administration10, to guarantee the application of the Convention in good faith, by negotiating with the other Contracting State solutions based on principles of fairness and transparency. The Tax Office provides the competent San Marino authority with the technical support and the necessary collaboration during the performance of the entire investigation activity of the MAP, interacting in particular during the phase relating to the preparation of the position document (so-called "position paper")11and to the related exchange of correspondence instrumental to the illustration, to the competent authority of the other State, of the factual and legal elements underlying the case under examination. The role of the Tax Office is also important due to the need to ensure maximum consistency between the technical positions taken in the procedure with those expressed in other contexts, specifically in the context of interpretation or control. 10 As required by the “Terms BEPS Action 14 on More Effective Dispute Resolution Mechanisms - Peer Review Documents” (C.4). 11 By “position paper” we mean that deed through which the Tax Administration indicates the technical-legal reasons underlying its position.
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Related to INSTITUTIONAL ACTORS

  • Transfers to Non-QIB Institutional Accredited Investors The following provisions shall apply with respect to the registration of any proposed transfer of a Transfer Restricted Security to any Institutional Accredited Investor that is not a QIB (other than any Person that is not a U.S. Person as defined under Regulation S, a "Foreign Person"): (i) the Registrar shall register the transfer of any Note, whether or not such Note bears the Private Placement Legend, if (x) (A) the requested transfer is at least two years after the later of the Issue Date of the Notes and (B) the proposed transferee has certified to the Registrar that the requested transfer is at least two years after last date on which such Note was held by an Affiliate of the Company, or (y) the proposed transferee has delivered to the Registrar (A) a certificate substantially in the form of Exhibit E hereto and (B) such certifications, legal opinions and other information as the Trustee and the Company may reasonably request to confirm that such transaction is in compliance with the Securities Act; and (ii) if the proposed transferor is an Agent Member holding a beneficial interest in the Global Note, upon receipt by the Registrar of (x) the documents, if any, required by clause (i) and (y) instructions given in accordance with the Depositary's and the Registrar's procedures, the Registrar shall reflect on its books and records the date and a decrease in the principal amount of the Global Note in an amount equal to the principal amount of the beneficial interest in the Global Note to be transferred, and the Company shall execute, and the Trustee shall authenticate and deliver, one or more Certificated Notes of like tenor and amount.

  • Additional Actions If, at any time after the Effective Time, the Surviving Corporation shall consider or be advised that any deeds, bills of sale, assignments, assurances or any other actions or things are necessary or desirable to vest, perfect or confirm of record or otherwise in the Surviving Corporation its right, title or interest in, to or under any of the rights, properties or assets of Merger Sub or the Company or otherwise carry out this Agreement, the officers and directors of the Surviving Corporation shall be authorized to execute and deliver, in the name and on behalf of Merger Sub or the Company, all such deeds, bills of sale, assignments and assurances and to take and do, in the name and on behalf of Merger Sub or the Company, all such other actions and things as may be necessary or desirable to vest, perfect or confirm any and all right, title and interest in, to and under such rights, properties or assets in the Surviving Corporation or otherwise to carry out this Agreement.

  • Additional Action 10.1 Each Party to this Agreement shall execute and deliver such other documents and do such other acts and things as may be reasonably necessary or desirable to give effect to the provisions of this Agreement. 10.2 Nothing contained in the Agreement shall be construed as creating an obligation on the part of either Party to refrain from entering into a business relationship with any third party. Nothing contained in the Agreement shall be construed as creating a joint venture, partnership or employment relationship between the Parties. Except as specified herein, neither Party shall have the right, power or implied authority to create any obligation or duty (express, implied or otherwise) on behalf of the other Party. For the avoidance of doubt, nothing in this Agreement shall oblige either of the Parties to enter into any agreements or transactions whatsoever.

  • Criminal Actions Where an employee is charged with an offence resulting directly from the proper performance of his/her duties and is subsequently found not guilty, the employee shall be reimbursed for reasonable legal fees.

  • Additional Activities I agree that during the period of my employment by the Company I will not, without the Company's express written consent, engage in any employment or business activity which is competitive with, or would otherwise conflict with, my employment by the Company. I agree further that for the period of my employment by the Company and for one (l) year after the date of termination of my employment by the Company I will not induce any employee of the Company to leave the employ of the Company.