LEGALITY DEFINITION Sample Clauses

LEGALITY DEFINITION. The legality definition states the aspects of a VPA partner country’s law for which the timber legality assurance system evaluates evidence of compliance.
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LEGALITY DEFINITION. Introduction Indonesian timber is deemed legal when its origin and production process as well as subsequent processing, transport and trade activities are verified as meeting all applicable Indonesian laws and regulations. Indonesia has five legality standards articulated through a series of principles, criteria, indicators and verifiers, all based on the underlying laws, regulations and procedures. These five standards are: — Legality Standard 1: the standard for concessions within production forest zones on state-owned lands; — Legality Standard 2: the standard for community plantation forests and community forests within production forest zones on state-owned lands; — Legality Standard 3: the standard for privately-owned forests; — Legality Standard 4: the standard for timber utilisation rights within non-forest zones on state-owned lands; — Legality Standard 5: the standard for primary and downstream forest based industries. These five legality standards apply to different types of timber permits as set out in the following table: Permit type Description Land ownership / resource management or utilisation Applicable legality standard IUPHHK-HA/HPH Permit to utilise forest products from natural forests State owned/ company managed 1 IUPHHK-HTI/HPHTI Permit to establish and manage industrial forest plantation State owned/ company managed 1 IUPHHK-RE Permit for forest ecosystem restoration State owned/ company managed 1 IUPHHK- HTR Permit for community forest plantations State owned/ community managed 2 IUPHHK-HKM Permit for community forest management State owned/ community managed 2 Private Land No permit required Privately owned/ privately utilised 3 IPK/ILS Permit to utilise timber from non-forest zones State owned/ privately utilised 4 IUIPHHK Permit for establishing and managing a primary processing company Not applicable 5 IUI Lanjutan or IPKL Permit for establishing and managing a secondary processing company Not applicable 5 These five legality standards and the associated verifiers are outlined below. EN
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LEGALITY DEFINITION. The Legality Definition (LD) sets out the core requirements of legislation applicable to timber in Viet Nam as presented in Annex II to this Agreement. The LD is based on existing laws and legislation in place and has been developed through consultation with government, privatesector and civilsociety stakeholders in Viet Nam. After ratification of this Agreement, Viet Nam shall notify the Union of any changes pertaining to verifiers or legal references in the LD through the JIC, and the JIC shall examine the extent of the changes and the impacts on the LD at least every second year during implementation of this Agreement as specified in Annex IX. Viet Nam shall make public all relevant legislation referred to in the LD and any amendments thereto, as specified in Annex VIII.
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LEGALITY DEFINITION. The legality definition clearly states the aspects of Indonesian law for which the timber legality assurance system will systematically seek evidence of compliance. Indonesia has different legality definitions for different kinds of rights and permits for forest use.
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Related to LEGALITY DEFINITION

  • Key Definitions As used herein, the following terms shall have the following respective meanings:

  • Amendments to the Equity Definitions (A) Section 11.2(a) of the Equity Definitions is hereby amended by deleting the words “a diluting or concentrative” and replacing them with the words “an”; and adding the phrase “or Warrants” at the end of the sentence.

  • Amendments to Equity Definitions (i) Section 12.6(a)(ii) of the Equity Definitions is hereby amended by (1) deleting from the fourth line thereof the word “or” after the word “official” and inserting a comma therefor, and (2) deleting the semi-colon at the end of subsection (B) thereof and inserting the following words therefor “or (C) the occurrence of any of the events specified in Section 5(a)(vii)(1) through (9) of the ISDA Master Agreement with respect to that Issuer.”

  • Seniority Definition Seniority is the Layoff Service Date which is the date the employee began state service (except as a temporary appointee) as adjusted for break(s)-in-service. (See Letter of Agreement 70.00-09-179 in Appendix A).

  • Other Adjustments Pursuant to the Equity Definitions Notwithstanding anything to the contrary in this Confirmation, solely for the purpose of adjusting the Cap Price, the terms “Potential Adjustment Event,” “Merger Event,” and “Tender Offer” shall each have the meanings assigned to such term in the Equity Definitions (as amended by Section 10(i)(i)), and upon the occurrence of a Merger Date, the occurrence of a Tender Offer Date, or declaration by Counterparty of the terms of any Potential Adjustment Event, respectively, as such terms are defined in the Equity Definitions, the Calculation Agent shall determine in a commercially reasonable manner whether such occurrence or declaration, as applicable, has had a material economic effect on the Transactions and, if so, may, in its commercially reasonable discretion, adjust the Cap Price to preserve the fair value of the Options to Dealer; provided that in no event shall the Cap Price be less than the Strike Price; provided further that any adjustment to the Cap Price made pursuant to this Section 10(x) shall be made without duplication of any other adjustment hereunder (including, for the avoidance of doubt, adjustment made pursuant to the provisions opposite the captions “Method of Adjustment,” “Consequences of Merger Events / Tender Offers” and “Consequence of Announcement Events” in Section 3 above).

  • Disability Defined For the purposes of this Agreement, the Executive shall be deemed to have terminated his employment by reason of “Disability”, if the Board shall determine that the physical or mental condition of the Executive prevents him from the normal performance of his duties as determined by the Board.

  • Seniority Defined Seniority is defined as the length of continuous service as a regular employee in the bargaining unit. Seniority shall operate on a bargaining-unit-wide basis unless otherwise specifically provided by this Agreement.

  • Vacancy Defined A vacancy shall be defined as a newly created position, or a present position that is not filled and that the Board intends to fill.

  • Tax Definitions The following terms, as used herein, have the following meanings:

  • Amended Definition The following definition in Section 1.1 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows:

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