Purpose of the Sample Clauses

Purpose of the. “Government-to-Government” Approach When delivering critical infrastructure, public procurement processes are designed to provide the requisite degree of transparency and to achieve a competitive economic outcome. In most instances these positive objectives are achieved; however, there are specific circumstances when such processes inhibit the ability of governments to ensure project delivery in a timely way. Bermuda faces the challenge of financing the redevelopment of an airport that has less than 1 million annual passengers. Tenders for airport concessions with this volume of traffic are not seen in the international aviation market due to lack of investor interest and the costs of setting up and running a traditional procurement process. The case of Bermuda is compounded by declining passenger volumes which heighten perceived investment risks associated with the project. These challenges combined directly question if a purely commercial open-market tender would reach financial close or offer the Government of Bermuda value for money in the redevelopment of the airport. CCC explores how governments can achieve the benefits of a competitive, public procurement process without triggering its drawbacks, by utilizing a risk-sharing, “Government-to-Government” approach. The fundamental objective of the Government of Canada, acting through the CCC, is to assist Bermuda by providing a preferred Canadian solution effectively, efficiently and that meets the needs in a timely manner. Working directly with CCC to deliver public infrastructure offers a process designed to answer three important questions:  Is direct contracting with Canada the right choice at this time for the project?  How does the proposed delivery approach provide value to your Government?  What are the assurances and controls that CCC puts in place to deliver the anticipated results? While framed as a “Government to Governmentundertaking, it is important to emphasize the CCC’s entirely commercial role. CCC is offering to work together with the Government of Bermuda in a commercially, cooperative and collaborative manner to reduce the costs, risks and timelines associated with delivering a project of vital economic and social importance to the nation. CCC will mobilize world class experts, an advisory team, to assist Bermuda in arriving at the optimal structure - including getting the right balance between private financing and Government support. The Government of Canada, through CCC, prov...
Purpose of the processing is for the Controller to:
Purpose of the. PLAN The purpose of the Plan is to provide a convenient way for Participants to save on a regular and long-term basis for retirement and to enable Participants to share in the profitable operations of the Company.
Purpose of the. AGREEMENT The purpose of this Agreement is to specify: - the methods of carrying out Research within the Center - the allocation of study-related responsibilities between the Sponsor and the Contractors - the terms and conditions under which APHP as Research Sponsor covers, through the CRO, the costs incurred by its implementation within the Center, under the conditions mentioned in article 5 of this Agreement. ARTICLE 2
Purpose of the. SLA The SLA is part of the overall contractual and operational documentation and is intended to set out each of the party’s service delivery obligations. The SLA has been designed to set out the outputs desired from all parties to the Agreement, setting out who is the Lead Party (the party responsible for making sure that the output is achieved) and what each of the respective parties are expected to input in order to achieve the required output.
Purpose of the binding Open Season Procedure The binding phase shall start on 15 October 2010. In the binding phase, all Applicants that have registered to the binding phase can submit binding bids for their requested capacity. This phase will also cover the submission of questions and in case of need a common information meeting for all registered Applicants. The main objective of this phase will be to conclude the transmission contracts with the Participants after the evaluation process and final allocation procedures is done.
Purpose of the. Cooperative
Purpose of the funds The user declares that his funds arranged in the AKB Fintech Digital Wallet will be used to: a) Save legal tender b) For sending / receiving payments between digital wallets within the AKB Fintech platform, c) Conversion of foreign exchange. The user declares that he is aware that the funds available in his AKB Fintech Digital Wallet will not accrue readjustments or interest; It also declares that it understands that AKB Fintech is a payment service provider, and does not consider credit modalities, installment payments or overdrafts associated with the funds provided in the account. AKB Fintech does not own the funds paid in the digital wallet by the user. The user may demand, at any time, without additional adjustments to the withdrawal commission and without interest, the total or partial withdrawal of their funds, either through withdrawals to the registered bank account (of their property) or to digital wallets of other users Registered on our platform.