Insufficiency of the GATT Sample Clauses

Insufficiency of the GATT. 1947 Rules and the Standards Code The rules of GATT 1947 were insufficient in several respects to address the problem of the increasing use of SPS measures to restrict trade in agricultural and food prod- ucts. First, GATT disciplines on national regulations focus on prohibiting discrimination against imported products. Thus, the rules do not catch non-discriminatory SPS mea- sures that have trade restrictive effects. Most SPS measures apply not only to imports but also to domestic products. For this reason, they often escaped GATT disciplines. Second, the exception provided in Article XX(b) to the usual GATT rules for mea- sures necessary to protect human, animal or plant life or health does not contain de- tailed rules disciplining the use of such measures. For example, no risk assessment is required as a basis for a health measure, nor are Members required to publish their pro- posed health measures in advance. Lastly, there is no recognition in the GATT of the right of governments to enact regulations for the protection of human, animal and plant life or health in their territories. Instead, health measures are seen as an exception to the usual GATT disciplines and thus the government imposing the measure bears the burden of proving that it falls within the scope of the exception provided in Article XX(b). The Standards Code also had certain inherent shortcomings that limited its effective- ness in disciplining the use of regulations for the protection of human, animal and plant life and health as barriers to trade. First, it was only binding on its 32 signatories, thus excluding the majority of GATT Contracting Parties from its rules. Second, it did not di- rectly apply to non-product-related processes and production methods (“NPR-PPMs”).17 Thus, regulations on how a specific product was produced fell outside its scope and were dealt with in terms of the usual GATT disciplines. Third, the dispute settlement mecha- nism created in the Standards Code, like that in GATT 1947, required consensus among WTO Members for the establishment of a panel or technical expert group to review a complaint. It was thus possible for a Member whose regulation was being challenged to block the establishment of a panel or review group. Further, even if review of the measure were not blocked, the findings of the relevant panel or review group had to be adopted by consensus of the signatories to the Standards Code in the Committee on 16 Xxxxx discusses a few cases where agre...
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Related to Insufficiency of the GATT

  • Insufficiency of Net Proceeds If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification or improvement referred to in Section 8.01, Lessee shall either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) pay or cause to be paid to Lessor the amount of the then applicable Termination Value for the Equipment, and, upon such payment, the Lease Term shall terminate and Lessor’s security interest in the Equipment shall terminate as provided in Section 6.01 hereof. The amount of the Net Proceeds, if any, remaining after completing such repair, restoration, modification or improvement or after purchasing such Equipment shall be retained by Lessee. If Lessee shall make any payments pursuant to this Section, Lessee shall not be entitled to any reimbursement therefor from Lessor nor shall Lessee be entitled to any diminution of the amounts payable under Article IV.

  • Sufficiency of Funds Buyer has sufficient cash on hand or other sources of immediately available funds to enable it to make payment of the Purchase Price and consummate the transactions contemplated by this Agreement.

  • Sufficiency of Moneys The Recipient has sufficient moneys in addition to those granted to Recipient pursuant to Section II of this Agreement to fund the Project to completion;

  • Sufficiency of Assets Except as set forth in Part 3.6, the Assets (a) constitute all of the assets, tangible and intangible, of any nature whatsoever, necessary to operate Seller's business in the manner presently operated by Seller and (b) include all of the operating assets of Seller.

  • Surplus; Shortage and Deficiency of Funds In accordance with RESPA, if there is a surplus of Funds held in escrow, Xxxxxx will account to Borrower for such surplus. If Xxxxxxxx’s Periodic Payment is delinquent by more than 30 days, Xxxxxx may retain the surplus in the escrow account for the payment of the Escrow Items. If there is a shortage or deficiency of Funds held in escrow, Lender will notify Borrower and Borrower will pay to Lender the amount necessary to make up the shortage or deficiency in accordance with RESPA. Upon payment in full of all sums secured by this Security Instrument, Xxxxxx will promptly refund to Borrower any Funds held by Xxxxxx.

  • Frequency of Evaluation Short form employees shall be evaluated one (1) time per year, which evaluation shall be completed no later than June 1.

  • Frequency of Evaluations 36.2.1 Employee work performance will be evaluated during probationary and trial service periods and annually thereafter. If the supervisor identifies a performance concern during the evaluation period, the supervisor may provide feedback. The supervisor will provide written documentation to the employee with a copy kept in the supervisor’s working file.

  • Contingency of Funds Contractor acknowledges that funding or portions of funding for this Contract may be contingent upon state budget approval; receipt of funds from, and/or obligation of funds by, the state of California to County; and inclusion of sufficient funding for the services hereunder in the budget approved by County’s Board of Supervisors for each fiscal year covered by this Contract. If such approval, funding or appropriations are not forthcoming, or are otherwise limited, County may immediately terminate or modify this Contract without penalty.

  • Insufficient Funds If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, toward payment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and L/C Borrowings then due to such parties.

  • Available Funds $ 5,439,225.01 ---------------

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