MALF definition
Examples of MALF in a sentence
For the M.ALF Licence, annual licence support and maintenance is mandatory and a condition of the continuing right to use the Software.
The MALF shall be applied in each annual period to license fees due for such annual period.
Unused amounts of the MALF for any annual period, if any, are not refundable, may not be applied to any other annual period, and may not be credited towards license fees or other charges due under a different TL or applied to any other monies due NT; provided that the aggregate MALF for [*****] shall not exceed the amounts set forth below.
Such commercially reasonable efforts shall be determined by the Company in its sole discretion and may include but are not limited to drawing funds from the MALF Reserve Account, the Company’s operational revenues, or bridge loans.
The Recipient, through its MALF, shall assure overall coordination of the Project is carried out by the Secretariat General, in collaboration as needed with the Department of Administration and Finances and the Department of Planning and Agricultural Cooperation within the MALF.
The Technical Steering Committee shall be chaired by the Secretary General of the MALF and its composition shall include representatives from the government, stakeholders, producers and the private sector.
To this end, the Recipient shall: (i) carry out Parts 1.1, 1.3, 1.4, 2, 3.1(b), 3.2, 3.3 and 4(ii) of the Project through the MALF; and (ii) pursuant to the Subsidiary Grant Agreement, cause Parts 1.2, 1.5, 3.1 (a) and 4(i) of the Project to be carried out by CORAF, all in accordance with the provisions of Article IV of the General Conditions and the Project Agreement.
In the event that MALF is unable to access the MALF Reserve Account due to a third party’s priority rights and interests in MALF’s general business assets and capital or that the Company is unable to secure sufficient capital to refund the installment portions of Investor’s Capital Contribution deposited into the Investor Holdings Account without interest through other means, then its return may be greatly delayed and the investment may be subject to partial or total loss.
The MALF for each annual period is due in [*****] installments on the first day of each [*****].
The Recipient, through its MALF, shall assure overall coordination of the Project is carried out by the PMU.