MAI. Member of the Appraisal Institute
MAI will provide information on sales to JSN as each sale is made. The JSN log will close at 5 P.M. Mountain Time each Thursday for the broadcast week beginning a week from the following Monday. Any advertising time within that broadcast week remaining unsold by MAI at closing will revert to JSN. Complete logs for each broadcast week will be furnished by MAI to JSN one week in advance on the Monday preceding the Monday on which the broadcast begins.
MAI. Corollary 2: If B = B∗, then the only equilibrium is one where all countries join Proof: See appendix 7. The intuition of Corollary 2 is also straight forward. The benchmark B∗ is the value of the rent extraction rate that is chosen by a social planner in a world without information asymmetries. Since the lobbying distortion pushes the desired rent extraction rate below B∗, the time inconsistency distortion alone causes a rent extraction rate above B∗. However, MAI rule B∗ provides to all countries a commitment device to solve the time-inconsistency problem by joining MAI at no cost. Hence, opting out of MAI makes no longer sense. Overall, a weak MAI (large B) is not sharply binding and every country joins MAI to avoid losses from signalling high rent-extraction rates in case of staying out. Next, I compare the incentives of governments to protest against MAI negotiations. Every government objects negotiation if it expects a loss in a world with MAI compared to one without. Proposition 2 Governments of all countries that do not join MAI lose compared to a ˜ world without MAI; governments of all countries with χi > χ gain. At least some govern- ˜ ments of countries that join MAI with χi such that χ∗ > χi > χ lose. Proof: See appendix 8. This proposition can explain why some countries object other countries to negoti- ate a MAI even though they are neither forced into nor excluded from membership. A partial MAI, i.e. a MAI where some countries join and others opt out, exerts a negative information externality on non-members; outsiders signal that they are inclined to extract large rents from MNEs. The resulting investment diversion harms governments that do not decide to join. It need to be kept in mind, however, that a loss for a government does not necessarily imply a welfare loss of the country, since government objectives are distorted by lobbying groups.24 Proposition 2 can explain the protest storm of some LDCs against the negotiation of MAI by the club of the OECD countries, although they were both free to opt in or out. According to my explanation, they were fearing the information externality that may arise from the decision to opt out. The protest comes from governments that are ex post but not ex ante contra free-market spirited. Again, a quote by the former Commerce Secretary to Government of India supports this model feature: "Selective and judicious government intervention is therefore widely considered necessary to support or protect domestic ...
MAI. MTCT and NAMR shall maintain their respective PMUs during execution of the Project, with staffing and resources adequate to enable each PMU to effectively implement their respective Part of the Project, and which shall be responsible for financial management, procurement, disbursement, and preparation of progress reports and annual reports in respect of or related to the Project.
MAI has the requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement by MAI and the consummation by MAI of the MAI Merger and the transactions contemplated hereby, will have been duly authorized by the Board of Directors and, except for the approval of the shareholders as set forth in Section 7.6(b) hereof, no other corporate proceedings on the part of MAI are necessary to authorize this Agreement and the transactions contemplated hereby. This Agreement has been duly executed and delivered by MAI and (assuming due authorization, execution and delivery by PICM and the receipt of all requisite regulatory approvals) constitutes a valid and binding obligation of MAI, enforceable against it in accordance with its terms except to the extent that its enforceability may be limited by applicable bankruptcy, insolvency, reorganization or other laws affecting the enforcement of creditors' rights generally or by general equitable principles.
MAI on its behalf and on behalf of its affiliates, subsidiaries, successors and assigns hereby release you from any and all claims arising out of your employment with MAI prior to the date hereof, and the performance of (or a failure to perform) your duties as an employee of MAI prior to the date hereof.
MAI acknowledges that Lenders would not enter into this Amendment without MAI's assurance that MAI has no claim against any of Lenders, their parents companies, subsidiaries, affiliates, officers, directors, shareholders, employees, attorneys, agents, professionals and servants, or any of their respective predecessors, successors, heirs and assigns (collectively, the "Lender Parties" and each, a "Lender Party"). MAI, for itself and on behalf of its officers and directors, and its respective predecessors, successors and assigns (collectively, the "Releasors") releases each Lender Party from any known or unknown claims which MAI now has against any Lender Party of any nature, including any claims that any Releasor, or any Releasor's successors, counsel and advisors may in the future discover they would have had now if they had known facts not now known to them, whether founded in contract, in tort or pursuant to any other theory of liability, including but not limited to any claims arising out of or related to the Loan Documents or the transactions contemplated thereby. MAI, FOR ITSELF AND ON BEHALF OF EACH RELEASOR, WAIVES THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH STATE: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.
MAI. The failed OECD Multilateral Agreement on InvestmentMarket Access – Market access is a legalistic term referring to the government-imposed conditions for an industry to penetrate a related market in a foreign country under non-discriminatory conditions. It is thus the extent to which a good or a service can compete with locally-made products in another market. Cutting market access barriers for industrial products is a key subject of the Doha WTO Round, in particular for products of export interest to developing countries and for environmental goods. Market Access strategy - The EU market access strategy created mechanisms and provisions to serve Europe‘s exporters. In practical terms, the main tool is a market access database, available via the Internet. This provides basic information of interest to EU exporters, such as an exporter‘s guide, the rates of customs and internal taxes in key export markets, import licensing requirements and special customs clearance formalities. Market economy - An economy in which resources allocations, prices and other marketing decisions are primarily determined by the free market. MEA - Multilateral Environmental Agreements are the best way to deal multilaterally with major environmental issues. But their relationship with trade needs to be clarified. In short, the pursuit of profit must not be allowed to override environmental concerns, nor must such concerns constitute an unwarranted obstacle to trade. For instance, problems could arise if a country imposed a trade measure for environmental purposes on another WTO member that had not signed the MEA. Their relationship with trade and WTO rules needs to be clarified. Measures - Government laws, regulations, rules, procedures, decisions, administrative actions, and any other forms. The term covers central, regional and local authorities; and the rules of non-governmental bodies in the exercise of powers delegated by any of them. MED – Abbreviation for ―Mediterranean‖ Mediterranean Partners (and Mediterranean region) - In EU terminology the term is used synonymously for countries and territories which have entered into the Euro-Mediterranean Partnership. Under the MEDA Regulation, the 12 Mediterranean countries and territories (Algeria, Cyprus, Egypt, Israel, Jordan, Lebanon, Malta, Morocco, Palestinian Authority, Syria, Tunisia, and Turkey) are partners of the EU, based on the multilateral document of the Barcelona Declaration. Each of them are legal partners through the ...
MAI. An evaluation This section presents an evaluation of MAI by listing the benefits that can be derived if such agreements are put into practice (Table 1). We also consider the flaws that need to be rectified. Table 1: An Assessment of Multilateral Agreements on Investment
MAI. The Road Ahead This section outlines some of the areas that merit attention and need to be addressed while concluding a MAI.
