Old Block Exemptions Sample Clauses

Old Block Exemptions. Commission Regulation 1983/83, on the Application of Article [81(3)] of the Treaty to categories of Exclusive Distribution Agreements [1983] OJ L173/1; Commission Regulation 1984/83, on the Application of Article [81(3)] of the Treaty to categories of Exclusive Purchasing Agreements [1983] OJ L173/7; Commission Regulation 4087/88, on the Application of Article [81(3)] of the Treaty to categories of Franchise Agreements [1988] OJ L359/46. these agreements failed. Consequently, this paper also examines vertical distribution agreements and the background to the Reform. In the first part of this paper I consider why vertical distribution agreements are concluded and the advantages as well as the competition concerns inherent in this structure of distribution. After this part I hope the reader to be familiar with the vertical distribution agreement and understand its twofold structure when it comes to regulate it in competition law. The second and third parts are devoted to assessing the old approach to vertical restraints under European competition law. The analysis of the old approach is important to understand the nature of its failure to avoid the same mistakes being repeated under the new system. Additionally, considerable space is left to examine the development of the prohibition in Article 81(1) by the Community Courts in relation to vertical restraints. I consider that this development can be compared with and regarded along with the structure of the new Block Exemption. In the fifth and the sixth chapter of the paper I present and discuss the Reform. My intention is to explain how the new system functions and how it affects undertakings, Member States and the Commission’s working methods. I hope that the reader by the end of the paper will be able to evaluate the Reform, be critical of how the Commission has solved the problems, and with the help of the general parts of the paper be able to envisage alternative solutions. It has been difficult to keep this paper short because there are many interesting aspects to discuss. I have tried to draw the limitations along the same lines as the Commission puts the limitations on the revision on the policy on vertical distribution agreements. These sectors that are not covered by the Green Paper on vertical Restraints, for example agency agreements and certain motor vehicle distribution agreements, are not considered in this presentation. 3 The debate on how to change the assessment of vertical distribution agr...
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Related to Old Block Exemptions

  • FINRA Exemption To enable Xxxxx to rely on Rule 5110(b)(7)(C)(i) of FINRA, the Company represents that the Company (i) has a non-affiliate, public common equity float of at least $150 million or a non-affiliate, public common equity float of at least $100 million and annual trading volume of at least three million shares and (ii) has been subject to the Exchange Act reporting requirements for a period of at least 36 months.

  • Securities Law Exemptions Assuming the accuracy of the representations and warranties of the Initial Purchasers contained in Section 1(b) (including Annex C hereto) and their compliance with their agreements set forth therein, it is not necessary, in connection with the issuance and sale of the Securities to the Initial Purchasers and the offer, resale and delivery of the Securities by the Initial Purchasers in the manner contemplated by this Agreement, the Time of Sale Information and the Offering Memorandum, to register the Securities under the Securities Act or to qualify the Indenture under the Trust Indenture Act.

  • Securities Exemptions The offer and sale of the Purchased Securities to the Purchasers pursuant to this Agreement shall be exempt from the registration requirements of the Securities Act and the registration and/or qualification requirements of all applicable state securities laws.

  • Securities Act Exemption Neither the Holder nor anyone acting on behalf of the Holder has received any commission or remuneration directly or indirectly in connection with or in order to solicit or facilitate the Exchange. The Holder understands that the Exchange contemplated hereby is intended to be exempt from registration by virtue of Section 3(a)(9) of the Securities Act. The Holder understands that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Holder set forth herein for purposes of qualifying for the exemption under Section 3(a)(9) of the Securities Act as well as qualifying for exemptions under applicable state securities laws.

  • Offering Exemption Assuming the truth and accuracy of the representations and warranties contained in Section 7, this issuance and delivery to the Holder of this Note is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and will be registered or qualified (or exempt from registration or qualification) under applicable state securities and “blue sky” laws, as currently in effect.

  • Regulation S Exemption The undersigned understands that the Shares are being offered and sold to him in reliance on an exemption from the registration requirements of United States federal and state securities laws under Regulation S promulgated under the Securities Act and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Investor set forth herein in order to determine the applicability of such exemptions and the suitability of the Investor to acquire the Shares. In this regard, the undersigned represents, warrants and agrees that:

  • Religious Exemption Any employee of the City in a classification identified in Article I.A., who is a member of a bona fide religion, body or sect which has historically held conscientious objections to joining or financially supporting a public employee organization and is recognized by the National Labor Relations Board to hold such objections to Association membership, shall upon presentation of membership and historical objection be relieved of any obligation to pay the required service fee. The Association shall be informed in writing of any such requests.

  • Tax Exemptions Ontario Universities and College Residences are tax-exempt and Residents are not charged taxes on Residence fees. As such, the Resident may claim only $25 as the occupancy cost for the part of the year lived in Residence. If filing either a paper or an electronic income tax return, the Resident does not need to include receipts with the tax return. For that reason, Humber Residences does not provide tax receipts.

  • Section 16(b) Exemption The Company shall take all actions reasonably necessary to cause the transactions contemplated by this Agreement and any other dispositions of equity securities of the Company (including derivative securities) in connection with the transactions contemplated by this Agreement by each individual who is a director or executive officer of the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act.

  • Tax Exemptions and Exemption Certificates If Applicable Law clearly exempts a purchase hereunder from a Tax, and if such Applicable Law also provides an exemption procedure, such as an exemption-certificate requirement, then, if the Purchasing Party complies with such procedure, the Providing Party shall not collect such Tax during the effective period of such exemption. Such exemption shall be effective upon receipt of the exemption certificate or affidavit in accordance with the terms set forth in Section 41.6. If Applicable Law clearly exempts a purchase hereunder from a Tax, but does not also provide an exemption procedure, then the Providing Party shall not collect such Tax if the Purchasing Party (a) furnishes the Providing Party with a letter signed by an officer requesting such an exemption and citing the provision in the Applicable Law which clearly allows such exemption and (b) supplies the Providing Party with an indemnification agreement, reasonably acceptable to the Providing Party (e.g., an agreement commonly used in the industry), which holds the Providing Party harmless on an after-tax basis with respect to its forbearing to collect such Tax.

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