Policy Performance Clause Samples

Policy Performance. In addition to undertaking the specific policy, legal, and regulatory reform commitments identified in this Agreement (if any), the Government agrees to seek to maintain and to improve its level of performance under the policy criteria identified in Section 607 of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), and the selection criteria and methodology used by MCC.

Policy Performance. In addition to undertaking the specific policy, legal and regulatory reform commitments identified in Annex I, Annex II or elsewhere in this Agreement (if any), the Government will seek to maintain and to improve its level of performance under the policy criteria identified in Section 607 of the Millennium Challenge Act of 2003, as amended.

Policy Performance. In addition to undertaking the specific policy, legal, and regulatory reform commitments identified in Annex I (if any), Mozambique shall seek to maintain and to improve its level of performance under the policy criteria identified in Section 607 of the MCA Act, and the selection criteria and methodology used by MCC.‌‌

Policy Performance. In addition to undertaking the specific policy, legal and regulatory reform commitments identified in Annex I (if any), Namibia will seek to maintain and to improve its level of performance under the policy criteria identified in Section 607 of the MCA Act, and the selection criteria and methodology used by MCC.

Policy Performance. The policy may not perform as illustrated and in that event additional premiums may be required, thus increasing the loan amount. This increased loan amount could require additional collateral. If the lender fails to extend additional credit to the ILIT to pay the premiums, the individual grantor (Client) may need to make gifts to the ILIT, which may be subject to both federal and state gift taxes. In a worst-case scenario, the grantor may not have the sufficient liquid funds needed, and the policy could lapse without sufficient cash surrender value to help re-pay the lender exposing the Client to both an obligation to repay the loan and a policy lapse.

Policy Performance. ‌ In addition to undertaking the specific policy, legal, and regulatory reform commitments identified in Annex I (if any), Sierra Leone shall seek to maintain and to improve its level of performance under the policy criteria identified in Section 607 of the MCA Act, and the selection criteria and methodology used by MCC.

Policy Performance. In addition to undertaking the specific policy, legal, and regulatory reform commitments identified in Annex I (if any), Zambia shall seek to maintain and to improve its level of performance under the policy criteria identified in Section 607 of the MCA Act, and the selection criteria and methodology used by MCC.