Strategy and Objectives Clause Samples

Strategy and Objectives. Subject to other applicable constraints, the Administrator is in charge of the supervision of the GIC Companies’ balance sheet. As such, it has the responsibility to analyze, assess and oversee the management of the structural interest rate, currency exchange rate, inflation rate and credit spread risk imbalances, as well as the liquidity needs, generated by the balance sheet. The Administrator will pursue an ALM focusing on value preservation and mitigation of revenue volatility. The mission is to manage, to its best ability and within predefined limits (to the extent such limits are established and applicable), interest rate, currency exchange rate, inflation rate and credit spread risk exposure and volatility generated by cash flows (partly estimated through behavioral models). The Administrator must fully support the outcome of the models employed and act accordingly. The Administrator operates within an ALM driven environment retaining sensitivity measures as principal risk measurement tools (full revaluation expressed in sensitivity terms). Global and partial risk sensitivities per time bucket are the principal risk indicators on which the ALCO manages the risk exposure of the GIC Companies. Otherwise, as detailed below, the market risks generated by the GIC Business are principally measured by using the following indicators: · Global sensitivity and partial sensitivity of net present value (“NPV”) by maturity bucket · Convexity · Liquidity ratios · Stress testing for both cash flow and collateral posting requirements upon downgrade The Administrator will assess, monitor and manage these risks using the tests, limits and procedures described herein and manage the portfolio of Hedge Agreements in order to achieve the objective of maintaining a low risk profile, focusing on preserving value of the GIC Business and maximum risk mitigation. The Administrator will cause FSAM (or following the Transition Date and direction from FSA, the FSAM Hedging Successor) to terminate existing Hedge Agreements and/or enter into new Hedge Agreements in order to achieve the objectives described above.
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Strategy and Objectives. The world’s renewable energy resource base has been estimated to be 7,500 EJ/year, two-thirds of which could be provided by geothermal energy (WEA, 2000). The amount of this potential that can be realized is still quite uncertain, with most recent estimates for worldwide geothermal resources located along plate margins ranging up to a total of 1,900 EJ (thermal)/year; about 65 EJ (electrical)/year for electricity generation and 1,400 EJ (thermal)/year for direct use (▇▇▇▇▇▇▇▇▇▇, 2005). These estimates do not include the significant contribution that EGS generation may make, or that from binary generation for temperatures below 130 °C. By comparison, the 2005 installed electrical capacity was 8.9 GW (electrical) [0.3 EJ/year] and installed direct use capacity was 28 GW (thermal) [0.9 EJ/year], and the world total primary energy supply was 463 EJ in 2004 (IEA, 2006a). It is clear that the world’s large and ubiquitous geothermal resources are potentially capable of making a very significant contribution towards meeting the accelerating future global energy needs. The GIA has now begun its third 5-year term of operation, being guided by a new Strategic Plan 2007-2012, which recognizes geothermal’s wide-ranging capabilities, including its capacity to assist with meeting the major challenges indicated in the IEA World Energy Outlook 2006 (IEA, 2006b)- to provide adequate and secure energy supplies at affordable prices in a sound environmental manner. The world is now, in the most optimistic case (IEA Alternative Policy Scenario), looking at reducing the rate of increase in demand and emissions, which grow by 37% and 30%, respectively, in the period up to 2030 (ibid)! The GIA acknowledges the importance of significantly extending the development and deployment of geothermal energy worldwide by reducing costs and overcoming barriers to promote a clean, economic, sustainable and secure energy supply. In the near term, major geothermal power and direct use development is expected to occur in the countries that currently utilize geothermal and are aware of its economic, environmental and social benefits. However, in the longer term, there is great potential for expanded power development in South East Asia, South and Central America and Africa, where major geothermal resources have already been identified and demand for energy is accelerating; and for direct use in Eastern and Central Europe. The GIA also sees the potential for geothermal in distributed application, ...
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Related to Strategy and Objectives

  • Scope and Objectives 1. This Chapter shall apply, in accordance with the Parties’ respective international obligations and domestic customs law, to customs procedures applied to goods traded between the Parties and to the movement of means of transport between the Parties. 2. The objectives of this Chapter are to: (a) simplify and harmonise customs procedures of the Parties; (b) ensure predictability, consistency and transparency in the application of customs laws and administrative procedures of the Parties; (c) ensure the efficient and expeditious clearance of goods and means of transport; (d) facilitate trade between the Parties; and (e) promote cooperation between the customs administrations, within the scope of this Chapter.

  • Goals and Objectives The purpose of this Agreement is to ensure that the proper elements and commitments are in place to provide consistent service support and delivery to the customers by the Service Providers. The goal of this Agreement is to obtain mutual agreement for the provision of information and communication between the Service Provider and customer. The objective of this Agreement is to: • Provide clear reference to service ownership, accountability, roles and responsibilities. • Present clear, concise and measurable description of service provision to the customer. • Match perceptions of the expected service provision with actual service support and delivery.

  • Purpose and Objectives The primary purpose of this procedure shall be to obtain, at the lowest administrative level and in the shortest period of time, equitable solutions to grievances which may arise from time to time. Grievance proceedings shall be handled confidentially.

  • Aims and Objectives 8.1 The aims and objectives of the Agreement are to: • Improve the productivity, efficiency and effectiveness of the operational areas of the SAMFS. • Provide for continuous service improvement. • Ensure ongoing co-operation between the parties. • Provide for wage increases in accordance with Clause 14 of the Agreement. • Provide for the implementation of ongoing reform initiatives.

  • BACKGROUND AND OBJECTIVES The partnership proposed by the Cooperator was selected due to merit review evaluations from the 2017 Notice of Funding Opportunity P17AS00037. The Cooperator demonstrated expertise in disciplines and subject areas of relevance to cooperative research and training. The Cooperator met the program interests of NPS with expertise, facilities, experience, diversity of programs, and history of collaborative research projects. The Cooperator helps the NPS-CESU to meet its objectives to:  Provide research, technical assistance and education to NPS for land management, and research;  Develop a program of research, technical assistance and education that involves the biological, physical, social, and cultural sciences needed to address resources issues and interdisciplinary problem-solving at multiple scales and in an ecosystem context at the local, regional, and national level; and  Place special emphasis on the working collaboration among NPS, universities, and their related partner institutions. The CESU network seeks to provide scientifically-based information on the nature and status of selected biological, physical, and cultural resources occurring within the parks in a form that increases its utility for making management decisions, conducting scientific research, educating the public, developing effective monitoring programs, and developing management strategies for resource protection. Studying the resources present in NPS parks benefits the Cooperator’s goal of advancing knowledge through scientific discovery, integration, application, and teaching, which lead toward a holistic understanding of our environmental and natural resources. The Cooperator is a public research university, sharing research, educational, and technological strengths with other institutions. Through inter-institutional collaboration, combined with the unique contributions of each constituent institution, the Cooperator strives to contribute substantially to the cultural, economic, environmental, scientific, social and technological advancement of the nation. The NPS expects there to be substantial involvement between itself and the Cooperator in carrying out the activities contemplated in this Agreement. The primary purpose of this study is not the acquisition of property or services for the direct benefit or use by the Federal Government, but rather to accomplish a public purpose of support or stimulation authorized the Legislative Authorities in ARTICLE II. This agreement fulfills the Public Purpose of support and economic stimulation for the following reasons:  Projects will engage recipients, partners, communities, and/or visitors in shared environmental stewardship.  Projects will promote greater public and private participation in historic preservation programs and activities. The project builds resource stewardship ethics in its participants.  The information, products and/or services identified or developed by projects will be shared through a variety of strategies to increase public awareness, knowledge and support for historic preservation and stewardship of the nation’s cultural and historical heritage.  Projects will support the Government’s objective to provide opportunities for youth to learn about the environment by spending time working on projects in National Parks. The NPS receives the indirect benefit of completing conservation projects.  Projects will motivate youth participants to become involved in the natural, cultural and /or historical resource protection of their communities and beyond.  Students gain “real world” or hands-on experience outside of the classroom of natural, cultural and/or historical resource projects.  The scientific community and/or researchers external to NPS gains by new knowledge provided through research and related results dissemination of natural, cultural and/or historical resource information.  Projects assist in the creation, promotion, facilitation, and/or improvement of the public’s understanding of natural, cultural, historic, recreational and other aspects of areas such as ecological conservation areas, and state and local parks. For performance under this cooperative agreement, the regulations set forth in 2 CFR, Part 200, supersedes OMB Circulars A–21 (2 CFR 220), A–87 (2 CFR 225), A–110, and A–122 (2 CFR 230); Circulars A–89, A–102, and A–133; and the guidance in Circular A–50 on Single Audit Act follow–up apply. The Cooperator shall adhere to 2 CFR, Part 200 in its entirety in addition to any terms and conditions of the master agreement not superseded by 2 CFR 200, as well as the terms and conditions set forth in this agreement. In the event of a conflict between the original terms of the master agreement and 2 CFR, Part 200, relating to this task agreement, 2 CFR, Part 200 shall take precedence.