Investment Climate Sample Clauses

Investment Climate. For the purpose of enhancing local, external, and intra-GCC investment levels, and provide an investment climate characterized by transparency and stability, Member States agree to take the following steps:
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Investment Climate. 1. The parties undertake to take the necessary measures to create a conducive investment environment. In this regard they agree to the following:
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Investment Climate. 25. Making the investment climate conducive for establishment and operation of industrial undertakings involves simplifying the processes, reducing the timelines and ensuring greater transparency associated with clearances / compliances required for: (i) establishment of new units or expansion, modernization, and diversification of existing units; (ii) operating a business in its normal course; and (iii) exiting a business when capital and labor can be redeployed to more productive uses. These fall under various categories including entrepreneur’s memorandum (EM) I and II; VAT and other tax related; labor related compliances; environmental clearances; power and water connections.
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Investment Climate. 1. Reducing firms’ anti-competitive behavior and improving consumer protection through:
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Investment Climate. According to EIU (2013), the real GDP growth will average 6.7% a year in 2014-18, with economic expansion decelerating gradually over the period. Continued strong growth and high infrastructural demands have created a favorable environment for private investment via PPPs. In addition, the central government has a highly pro- active attitude towards the adoption of private investment in infrastruc- ture development, as evident from the before-mentioned statement by Premier Xxxxxxx Xx on the executive meeting of the State Council on July 31 2013. There are no restraints on foreign investment in infrastructure projects, or any rules of guidelines that suggest a preference for companies with local capital or foreign investors in gen- eral. However, closer relationships between state-owned or state-holding enterprises and the government may reflect a greater capability to undertake country-level political and legal risks. In fact, state-owned or state-holding enterprises now have the major market share of PPPs (Ke et al., 2009; Xxxx et al., 2012). The lure of a sizable market and a reasonable operating environment has resulted in a significant level of PPP application in China. The attractive- ness of China’s investment proposition would continue to be critical. However, PPP projects in China come with no guarantee of sustainability because of weak regulatory frameworks and underdeveloped institutions for PPP (EIU, 2012). Weak government effec- tiveness remains a threat to fostering sustainable and efficient PPP infra- structure projects. Therefore, China only scored 51.6 out of 100 in the com- ponent of investment climate. Financial Facilities China obtained 66.7 in the financial facilities. Responsibility for the imple- mentation of infrastructure projects resides primarily with subnational governments. They have insufficient capacity to levy taxes and thereby make extensive use of off-budget financing options for infrastructure. The major- ity of subnational government debt financing is estimated to be financed by bank loans, while the majority of these loans are provided by the state-owned banks. Subnational governments have also been increasing their use of bonds in recent years. Six local governments (Shandong, Jiangsu, Guangdong, Shanghai, Shenzhen and Zhejiang) now have direct access to bond market finance under pilot schemes (Chong and Poole, 2013). In most PPP projects, private part- ners have the sole responsibility for the financing component, altho...
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Investment Climate. Fostering growth of private-sector investment and trade is important for economic growth and job creation, which would also be reflected in higher tax income and improved fiscal sustainability. The IP covers three critical areas that are expected to support private-sector development and trade: business licensing, trade facilitation and customs. Business Licensing Background and achievements to date: In the last few years, business entry to Afghanistan has been simplified by taking company registration out of the commercial courts and by establishing an Afghan Central Business Registry (ACBR). The registry acts as a one-stop shop, combining company registration, tax registration, and publication in the official gazette, and charges a flat registration fee. While these reforms are a leap forward, registering and operating a business is still hampered by bureaucracy and unnecessary licensing. Presently, all businesses, regardless of sector or risk to public health or the environment, must obtain either a trader’s license from the Ministry of Commerce and Industry (MoCI) or an investment license from the Afghan Investment Support Agency (AISA). This is in addition to sector-specific licenses from respective ministries. Businesses are also instructed to renew their licenses every year, which can take up to several months, with renewal fees ranging from 25-100 percent of the original license fee. Afghanistan performed relatively well in the “starting a business” indicator of the Bank’s 2011 Doing Business Survey (30th out of 183 countries). However, the survey did not examine three critical issues that Afghanistan must resolve if it hopes to make a significant difference in the way businesses navigate through costly administrative processes:
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Related to Investment Climate

  • Investment Canada Act The Purchaser is not a “non-Canadian” within the meaning of the Investment Canada Act.

  • Investment Canada The Purchaser is not a non-Canadian within the meaning of the Investment Canada Act (Canada).

  • Company Not an “Investment Company The Company is not, and will not be, either after receipt of payment for the Offered Shares or after the application of the proceeds therefrom as described under “Use of Proceeds” in the Registration Statement, the Time of Sale Prospectus or the Prospectus, required to register as an “investment company” under the Investment Company Act of 1940, as amended (the “Investment Company Act”).

  • Regulated Investment Company Election If the Prospectus for a Trust states that such Trust intends to elect to be treated and to qualify as a "regulated investment company" as defined in the United States Internal Revenue Code of 1986, as amended, the Trustee is hereby directed to make such elections and take all actions, including any appropriate election to be taxed as a corporation, as shall be necessary to effect such qualification or to provide funds to make any distribution for a taxable year in order to avoid imposition of any income or excise tax on the Trust or on undistributed income in the Trust. The Trustee shall make such reviews of each Trust portfolio as shall be necessary to maintain qualification of a particular Trust as regulated investment company and to avoid imposition of tax on a Trust or undistributed income in a Trust, and the Depositor and Supervisor shall be authorized to rely conclusively upon such reviews."

  • Regulated Investment Company The Company has elected to be treated, and has operated, and intends to continue to operate, its business in such a manner so as to enable the Company to continue to qualify as a regulated investment company under Subchapter M of the Code. The Company intends to direct the investment of the proceeds of the offering of the Securities in such a manner as to comply with the requirements of Subchapter M of the Code.

  • Investment Sub-Advisory Services Sub-Adviser shall serve as investment sub-adviser and shall supervise and direct the investments of each series of Penn Series listed on Exhibit A attached hereto (each, a “Fund”), as such Exhibit may be amended by mutual agreement of the parties hereto, and to exercise all rights incidental to ownership in accordance with the investment objectives, program and restrictions applicable to the Fund as provided in Penn Series’ Prospectus and Statement of Additional Information (“SAI”), as amended from time to time, and such other limitations as may be imposed by law or as Penn Series or Adviser may impose with notice in writing to Sub-Adviser. To enable Sub-Adviser to fully exercise its discretion, Adviser hereby appoints Sub-Adviser as agent and attorney-in-fact for the Fund with full power and authority to buy, sell and otherwise deal in securities and contracts for the Fund. No investment will be made by Sub-Adviser for the Fund if the investment would violate the investment objectives, investment restrictions or limitations of the Fund set out in the Prospectus and the SAI delivered to the Sub-Adviser and as may be amended and delivered to Sub-Adviser in the future. Sub-Adviser shall not take custody of any assets of Penn Series, but shall issue settlement instructions to the custodian designated by Penn Series (the “Custodian”). Sub-Adviser shall, in its discretion, obtain and evaluate such information relating to the economy, industries, businesses, securities markets and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of the Fund in a manner consistent with the investment objectives of the Fund. In furtherance of this duty, Sub-Adviser, as agent and attorney-in-fact with respect to Adviser and Penn Series, is authorized, in its discretion and without prior consultation with Adviser or Penn Series, to:

  • Investment Management If and to the extent requested by the Advisor, the Sub-Advisor shall, subject to the supervision of the Advisor, manage all or a portion of the investments of the Portfolio in accordance with the investment objective, policies and limitations provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 (the "1940 Act") and rules thereunder, as amended from time to time, and such other limitations as the Trust or Advisor may impose with respect to the Portfolio by notice to the Sub-Advisor. With respect to the portion of the investments of the Portfolio under its management, the Sub-Advisor is authorized to make investment decisions on behalf of the Portfolio with regard to any stock, bond, other security or investment instrument, and to place orders for the purchase and sale of such securities through such broker-dealers as the Sub-Advisor may select. The Sub-Advisor may also be authorized, but only to the extent such duties are delegated in writing by the Advisor, to provide additional investment management services to the Portfolio, including but not limited to services such as managing foreign currency investments, purchasing and selling or writing futures and options contracts, borrowing money or lending securities on behalf of the Portfolio. All investment management and any other activities of the Sub-Advisor shall at all times be subject to the control and direction of the Advisor and the Trust's Board of Trustees.

  • Holding Company and Investment Company Acts Neither the Borrower nor any of its Subsidiaries is a "holding company", or a "subsidiary company" of a "holding company", or an "affiliate" of a "holding company", as such terms are defined in the Public Utility Holding Company Act of 1935; nor is it an "investment company", or an "affiliated company" or a "principal underwriter" of an "investment company", as such terms are defined in the Investment Company Act of 1940.

  • Not an Investment Company The Borrower is not an "investment company" within the meaning of the Investment Company Act of 1940, as amended.

  • Non-Investment Advisory Services The Fund hereby employs the Manager to provide certain non-investment advisory services for the Portfolio, subject to the direction of the officers and the Board on the terms hereinafter set forth. Specifically, the Manager shall perform or arrange for the performance, as applicable, at its own expense (except as provided in Section 4 or unless otherwise agreed to by the Manager and the Fund, in which case at the Fund’s expense), the following services to the Fund on behalf of the Portfolio to the extent that any such services are not otherwise provided by any other service provider to the Fund:

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