PRESCRIBED Sample Clauses

PRESCRIBED. Drug – means any substance prescribed for th e individual consuming i t by a l icensed medical practitioner; and
PRESCRIBED. CONTRAVENTIONS The Firm’s failure to apply correct interest rates to customers’ mortgage accounts occurred as:  The Firm failed to act with due skill, care and diligence in the best interests of its customers when applying interest rates to their mortgage accounts during the periods between August 2008 and December 2011 (in breach of Chapter 1, General Principle 2 of the Consumer Protection Code 2006 (the “2006 Code”)) and January 2012 to July 2015 (in breach of Chapter 2, General Principle 2.2 of the Consumer Protection Code 2012 (the “2012 Code”));  The Firm failed to have and/or effectively employ adequate and/or appropriate resources and procedures and systems and control checks to ensure compliance with the 2006 Code during the period between August 2008 and December 2011 (in breach of Chapter 1, General Principle 4 of the 2006 Code) and to have and/or effectively employ adequate and/or appropriate resources, policies and procedures, systems and control checks including compliance checks and staff training to ensure compliance with the 2012 Code during the period between January 2012 to July 2015 (in breach of Chapter 2, General Principle 2.4 of the 2012 Code); and  The Firm also failed to have adequate systems and controls in place to ensure compliance with the 2006 Code in breach of Chapter 2, Provision 57 of the 2006 Code during the period between August 2008 and December 2011. Effect of the Breaches As a result of the breaches higher interest rates were applied to 222 customer mortgage accounts and impacted customers therefore made higher mortgage repayments than they were required to during the relevant period. The length of time customers were required to make higher mortgage repayments than required ranged between 12 months and 6 years and 11 months. The average amount overcharged to a customer’s account was €19,351. Overcharged amounts ranged from approximately €100 to approximately €68,000. Having to make higher mortgage repayments caused serious difficulties for customers with some customers going into mortgage arrears and some being subjected to legal proceedings. In order to address the serious detriment suffered by impacted customers the Central Bank required the Firm to implement a major redress and compensation programme in July 2015. Key elements of the Firm’s redress and compensation programme are as follows:  The restoration of impacted customer accounts to the correct tracker interest rate;  The adjustment of the balance of imp...
PRESCRIBED. CONTRAVENTIONS The Firm has accepted that it failed to comply with Part 4 of the Handbook of Prudential Requirements for Investment Intermediaries which requires Investment Intermediaries to hold PII on a continuous basis. CENTRAL BANK ACTION The Central Bank’s Consumer Protection Directorate became aware of the breach as a result of a thematic review by the Consumer Protection Directorate in relation to retail intermediaries and their professional indemnity cover. PENALTY DECISION FACTORS In deciding the appropriate penalty, the Central Bank considered the following matters:  The previous compliance record of the Firm; and  The fact that the firm settled at an early stage in the Administrative Sanctions Procedure. The Central Bank confirms its investigation into the Firm in respect of this matter is now closed.
PRESCRIBED. You may not take any controlled medication that is not currently approved by this office. This includes even old prescriptions of which should have been disposed.
PRESCRIBED. CONTRAVENTIONS The Central Bank’s investigation identified the following grounds upon which section 21 of the 2010 Act was breached by Merrion: Due diligence failings Regulated firms are required to conduct thorough due diligence to ensure that employees performing CFs comply with the Standards. This due diligence is at the heart of the Fitness and Probity regime and must be conducted, both upon initial appointment, and on an ongoing basis. Strict adherence by regulated firms to these requirements is crucial to ensure that persons in senior positions are competent and capable, honest, ethical have integrity and are also financially sound. In addition, firms are required to assess the appropriate CF or PCF categorisations applicable to individuals. Failing to do so correctly can result in a firm not knowing what parts of the Standards apply to those individuals. For the period covered by this breach, Merrion failed to conduct the requisite level of due diligence for the ongoing assessment of CFs and PCFs. Systems and controls deficiencies Regulated firms cannot permit individuals to perform CF or PCF roles unless they have satisfied themselves on reasonable grounds that those individuals comply with the Standards. For reasonable grounds to exist and to be capable of objective demonstration, regulated firms must put in place proper systems and controls against which compliance can be monitored. Merrion did not put in place written Fitness and Probity policies and procedures until 24 April 2015. However, these were not adequate, and as a result:


  • Meetings of the Board of Directors The Board of Directors of the Company may hold meetings, both regular and special, either within or without the State of Delaware. Regular meetings of the Board of Directors may be held without notice at such time and at such place as shall from time to time be determined by the Board. Special meetings of the Board may be called by the Chief Executive Officer or President on one (1) day notice to each Director, either personally, by telephone, by mail, by facsimile, by electronic mail or by any other means of communication; special meetings shall be called by the President or Secretary in like manner and on like notice on the written request of one or more of the Directors. Whenever any notice is required to be given, a waiver thereof in writing, signed by the person or persons entitled to said notice, whether before or after the time stated therein, shall be deemed equivalent thereto. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when the persons attend a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business to be transacted at, or the purpose of, any regular or special meeting of the Members, Directors or a committee of Directors need be specified in any written waiver of notice.

  • Meetings of the Board Meetings of the Board may be held when called by a majority of the Managers on the Board. The Manager or Managers calling any meeting shall cause notice to be given of such meeting, including therein the time, date, and place of such meeting, to each Manager at least two (2) business days before such meeting. The business to be transacted at, or the purpose of, any meeting of the Board shall be specified in the notice or waiver of notice of any such meeting. If fewer than all the Managers on the Board are present in person, by telephone or by proxy, business transacted at any such meeting shall be confined to the business or purposes specifically stated in the notice or waiver of notice of such meeting. All meetings of the Board may be held either within or without the State of Delaware at such place or places as shall be determined from time to time by resolution of the Board.

  • Meetings of the Committee a) The Committee shall meet at the request of one of the central parties.

  • Meetings of the Trustees The Trustees may in their discretion provide for regular or stated meetings of the Trustees. Notice of regular or stated meetings need not be given. Meetings of the Trustees other than regular or stated meetings shall be held whenever called by the Chairman, the Lead Independent Trustee or by two or more other Trustees, at the time then in office. Notice of the time and place of each meeting other than regular or stated meetings shall be given by the Secretary or an Assistant Secretary or by the officer or Trustee calling the meeting and shall be mailed, postage prepaid, to each Trustee at least three days before the meeting, or shall be given by telephone, cable, wireless, facsimile or other electronic mechanism by which receipt thereof can be confirmed to each Trustee at his or her business address, or personally delivered to him or her at least one day before the meeting. Such notice may, however, be waived by any Trustee. Notice of a meeting need not be given to any Trustee if a written waiver of notice, executed by him or her before or after the meeting, is filed with the records of the meeting, or to any Trustee who attends the meeting without protesting prior thereto or at its commencement the lack of notice to him or her. A notice or waiver of notice need not specify the purpose of any meeting. The Trustees may meet by means of a telephone conference circuit or similar communications equipment by means of which all persons participating in the meeting can hear each other at the same time and participation by such means shall be deemed to have been held at a place designated by the Trustees at the meeting. Participation in a telephone conference meeting shall constitute presence in person at such meeting. Notwithstanding the foregoing, all actions of the Trustees shall be taken in compliance with the provisions of the 1940 Act.


  • Meetings of Directors The directors may meet together for the conduct of business, adjourn and otherwise regulate their meetings as they think fit, and meetings of the directors held at regular intervals may be held at the place, at the time and on the notice, if any, as the directors may from time to time determine.

  • The Board (a) The Board may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Director and the provisions of Section 3.3 hereof with respect to the election of Directors by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Director. The names and mailing addresses of the Directors shall be set forth in the books and records of the Company. The number of Directors shall be fixed from time to time by a written instrument signed by, or by resolution approved at a duly constituted meeting by vote of, a majority of the Board, provided however that the number of Directors shall at all times be at least one and no more than ten as determined, from time to time, by the Directors pursuant to this Agreement.

  • Guidelines The Union will be notified in writing of the targeted classifications/positions involved in the layoff. Seniority as defined in Article 36 shall be used to determine the order of layoff or recall. The use of retention points is hereby abolished. Performance evaluations will not be a factor in layoff.

  • Meetings of Members The annual meeting of the Members shall be held on (day/month) at the principal office of the Company or at such other time and place as the Members determine, for the purpose of transacting such business as may lawfully come before the meeting. If the day fixed for the annual meeting shall be a legal holiday, such meeting shall be held on the next succeeding business day. The Members may by resolution prescribe the time and place for the holding of regular meetings and may provide that the adoption of such resolution shall constitute notice of such regular meetings. Special meetings of the Members, for any purpose or purposes, may be called by any Members (or such other number of Members as the Members from time to time may specify). Written or electronic notice stating the place, day and hour of the meeting and, in the case of a special meeting, the purpose for which the meeting is called, shall be delivered not less than three days before the date of the meeting, either personally or by mail, to each Member of record entitled to vote at such meeting. When all the Members of the Company are present at any meeting, or if those not present sign a written waiver of notice of such meeting, or subsequently ratify all the proceedings thereof, the transactions of such meeting shall be valid as if a meeting had been formally called and notice had been given. At any meeting of the Members, the presence of Members holding a majority of the Members’ Percentage Interests, as determined from the books of the Company, represented in person or by proxy, shall constitute a quorum for the conduct of the general business of the Company. However, if any particular action by the Company shall require the vote or consent of some other number or percentage of Members pursuant to this Agreement, a quorum for the purpose of taking such action shall require such other number or percentage of Members. If a quorum is not present, the meeting may be adjourned from time to time without further notice, and if a quorum is present at the adjourned meeting any business may be transacted which might have been transacted at the meeting as originally notified. The Members present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough Members to leave less a quorum. At all meetings of the Members, a Member may vote by proxy executed in writing by the Member or by a duly authorized attorney-in-fact of the Member. Such proxy shall be filed with the Company before or at the time of the meeting. A Member of the Company who is present at a meeting of the Members at which action on any matter is taken shall be presumed to have assented to the action taken, unless the dissent of such Member shall be entered in the minutes of the meeting or unless such Member shall file a written dissent to such action with the person acting as the secretary of the meeting before the meeting’s adjournment. Such right to dissent shall not apply to a Member who voted in favor of such action. Unless otherwise provided by law, any action required to be taken at a meeting of the Members, or any other action which may be taken at a meeting of the Members, may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by all of the Members entitled to vote with respect to the subject. Members of the Company may participate in any meeting of the Members by means of conference telephone or similar communication if all persons participating in such meeting can hear one another for the entire discussion of the matters to be vote upon. Participation in a meeting pursuant to this paragraph shall constitute presence in person at such meeting. (Check if Applicable)

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Sarbanes-Oxley Act of 2002 and the rules promulgated thereunder (the “Sarbanes-Oxley Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.