Purpose and general principles Sample Clauses

Purpose and general principles. 1. This MMoU is a statement of intent to consult, cooperate and exchange information in connection with the discharge of the responsibilities entrusted to the Authorities under the Laws and Regulations, in a manner consistent with, and permitted by, the laws and requirements that govern the Authorities.
AutoNDA by SimpleDocs
Purpose and general principles. The purpose of this Memorandum of Understanding is to formalise cooperation and information-sharing mechanisms between the ECB and the FSRA, the competent supervisory Authority of ADGM. Such cooperation is essential in order to promote the integrity, stability and efficiency of the supervised entities. This Memorandum of Understanding is aimed at ensuring the effective exchange of supervisory information for the performance of the Authorities’ respective supervisory powers over supervised entities, to the extent permitted by law, and in accordance with the Core Principles for Effective Banking Supervision developed by the Basel Committee on Banking Supervision. The Authorities recognise that cooperation under this Memorandum of Understanding may be denied on the grounds of laws, regulations and requirements, or public interest, as well as where it would interfere with an on-going investigation or jeopardise the proper performance of the tasks of the Authorities, including due to resources constraints.
Purpose and general principles. 1. The purpose of this MoU is to establish a cooperation between the Signatory Authorities, including the mutual exchange of any relevant information, as stipulated in Section IV. This is based on the common understanding that equivalent obligations of professional secrecy apply to any Signatory Authority who receives information exchanged under this MoU.
Purpose and general principles. The purpose of this Memorandum of Understanding is to formalise cooperation and information-sharing mechanisms between the ECB and the NYDFS. Such cooperation is essential in order to promote the integrity, stability and efficiency of the supervised entities. This Memorandum of Understanding is aimed at ensuring the effective exchange of supervisory information for the performance of the Authorities’ respective supervisory powers over supervised entities, to the extent permitted by law and the Core Principles for Effective Banking Supervision developed by the Basel Committee on Banking Supervision as implemented into the applicable law. The Authorities recognise that cooperation under this Memorandum of Understanding may be denied on the grounds of laws, regulations and requirements, or public interest, as well as where it would interfere with an on-going investigation or jeopardise the proper performance of the tasks of the Authorities, including due to resources constraints. Cooperation under this Memorandum of Understanding would be provided insofar as reasonable, appropriate, and permissible and without prejudice to the proper performance of the Authority’s tasks.
Purpose and general principles. A. The purpose of this Article is to provide a mutually-acceptable method for prompt and equitable resolution of grievances for bargaining unit employees and the Parties.
Purpose and general principles. 1. The purpose of this Cooperative Arrangement is to formalise cooperation and information-sharing mechanisms between the Authorities in relation to CCPs and Supervised entities.
Purpose and general principles. The purpose of this Sub-contract is to regulate the co-operation between the participating institutions in their support of the ZESP. Each institution will undertake the responsibility for making available expertise within their given discipline, as shown in the table below. As a general principle, the most qualified and experienced expert is to be proposed regardless of their institutional connection. Experts from external institutions will only be recruited in so far as the required competence is not available within the participating institutions. The institution as signed to each discipline is responsible for selection and backstopping of the experts within that discipline, and for contracting of expertise in the case of external recruitment. The Norwegian Institutions agree to conduct their services in an interdisciplinary manner and efforts will be made to harvest synergy effects between the different elements of the Project. The institutions agree to promote the involvement of experts from all 4 institutions. Task/discipline Responsible partner Project co-ordination NFG Soil and water related topics, including land degradation, erosion, monitoring Jordforsk Management of forest resources, forest resource inventories, mapping, GIS NFG Community involvement, land tenure, social/economic studies, training/education Noragric Biodiversity, management and conservation of wild species NINA
AutoNDA by SimpleDocs
Purpose and general principles. 1.1. The purpose of this Memorandum of Understanding is to formalise cooperation and information-sharing mechanisms between the ECB and the NBM, the competent supervisory Authority of the Republic of Moldova. Such cooperation is essential in order to promote the integrity, stability and efficiency of the supervised entities.
Purpose and general principles. The purpose of this Memorandum of Understanding is to formalise cooperation and information-sharing mechanisms between the ECB and the CNBV, the competent supervisory Authority of Mexico. Such cooperation is essential in order to promote the integrity, stability and efficiency of the supervised entities. This Memorandum of Understanding is aimed at ensuring the effective exchange of supervisory information for the performance of the Authorities' respective supervisory powers over supervised entities, to the extent permitted by law, and in accordance with the Core Principles for Effective Banking Supervision developed by the Basel Committee on Banking Supervision. The provisions of this Memorandum of Understanding are not intended to create legally binding obligations or supersede domestic laws. The Authorities recognise that cooperation under this Memorandum of Understanding may be denied on the grounds of laws, regulations and requirements, public interest or national security, as well as where it would interfere with an on-going investigation or jeopardise the proper performance of the tasks of the Authorities, including due to resources constraints. Each Authority will bear the cost of fulfilling a request by the other Authority. However, if the cost of fulfilling a request is likely to be substantial, the requested Authority may require the requesting Authority to make a contribution to costs.

Related to Purpose and general principles

  • General Principles 9.2.1 Each Party shall implement its tasks in accordance with the Consortium Plan and shall bear sole responsibility for ensuring that its acts within the Project do not knowingly infringe third party property rights.

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • Definitions and Principles of Interpretation The following definitions in clause 1.1 shall be replaced as follows:

  • Definitions and Rules of Construction 1.1 Unless otherwise defined herein, the following capitalized terms shall have the following meanings:

  • Principles of Construction All references to sections and schedules are to sections and schedules in or to this Agreement unless otherwise specified. All uses of the word “including” shall mean “including, without limitation” unless the context shall indicate otherwise. Unless otherwise specified, the words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. Unless otherwise specified, all meanings attributed to defined terms herein shall be equally applicable to both the singular and plural forms of the terms so defined.

  • Definitions Rules of Construction In addition to terms otherwise defined herein, the following terms are used herein as defined below:

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

Time is Money Join Law Insider Premium to draft better contracts faster.