Participating Member States Sample Clauses

Participating Member States. (a) Any written notice sent by a Party that is actually received by the other Party shall be deemed to have been properly given and received by that Party irrespective of whether or not the delivery requirements of Section 18.2 have been complied with.
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Participating Member States. A member state of the European Union that has adopted or adopts a single currency in accordance with the EU Treaties.
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Participating Member States. Those members of the European Union from time to time which adopt a single, shared currency under the applicable legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified European currency.
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Participating Member States. Euro area members and EU member states joining the SSM by „close cooperation“.– 4) ECB representatives are appointed by the ECB Governing Council and shall not perform duties directly related to monetary policy. Source: Council of the European Union (2013) Independence and Accountability Given the incentives to forbear bank risks and thus to mitigate costs to the budget, independence of banking supervision from policymaking is obviously a key issue. According to the SSM regulation, the ECB and the national authorities acting within the SSM shall thus act independently from policy. Members of the Supervisory Board are expected neither to seek nor to take instructions from the member states’, and governments are expected to respect that independence. With regard to democratic accountability, the SSM regulation foresees participation rights of the EU-Council and the European Parliament in appointment of the Chair and the Vice-Chair of the Supervisory Board. Moreover, the ECB has to submit an annual report on its tasks and activities with regard to banking supervision to the EU-Council, the Eurogroup, the European Parliament and the Commission, which is also to be forwarded to national parliaments of participating member states. The Chair of the Supervisory Board presents the report in public to the European Parliament and the Eurogroup including non-Euro-Area participating member states. Besides annual reporting, the ECB has to reply to questions by the European Parliament and the Eurogroup, and the Chair of the Supervisory Board may be heard at their request. Finally, the Chair of the Supervisory Board is obliged to engage in oral, confidential discussions with the chairs and the vice-chairs of the European Parliaments’ competent committees, whenever such discussions are “required for the exercise of the European Parliaments powers under the Treaty”. These accountability provisions do not extend to national parliaments. Instead, the role of national parliaments is limited to express potential concerns arising from the annual report, sending requests to the ECB and “exchanging views” with the Chair or a member of the Supervisory Board. The SSM regulation does not affect accountability of national supervisory authorities acting within the SSM to their national parliaments. Cooperation with Non-Euro-Area Member States Because non-Euro-Area-member states cannot be represented in the ECB Governing Council, their incentives to take part in the SSM are limited. The...
Sample 1
Participating Member States. Federal Republic of Germany French Republic Italian Republic Kingdom of Spain Republic of Austria Hellenic Republic Republic of Cyprus Republic of Malta Kingdom of Denmark Kingdom of Sweden Republic of Finland Ireland Portuguese Republic Kingdom of Belgium Grand Duchy of Luxembourg Kingdom of the Netherlands Republic of Poland Romania Republic of Bulgaria Republic of Slovenia Republic of Croatia Czech Republic Hungary Slovak Republic Republic of Lithuania Republic of Latvia Republic of Estonia ANNEX IV: SUBCONTRACTORS [***] [***] [***] [***]
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Participating Member States. Sixteen market surveillance authorities from 16 different Member States from within the European Economic Area have taken part in this project. The countries involved were: Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Latvia, Lithuania, Malta, Norway, Romania, Slovakia and Spain. The applicant body that also took overall responsibility for the Joint Action was PROSAFE.
Sample 1

Related to Participating Member States

  • European Monetary Union If, as a result of the implementation of European monetary union, (a) any currency ceases to be lawful currency of the nation issuing the same and is replaced by a European common currency, then any amount payable hereunder by any party hereto in such currency shall instead be payable in the European common currency and the amount so payable shall be determined by translating the amount payable in such currency to such European common currency at the exchange rate recognized by the European Central Bank for the purpose of implementing European monetary union, or (b) any currency and a European common currency are at the same time recognized by the central bank or comparable authority of the nation issuing such currency as lawful currency of such nation, then (i) any Loan made at such time shall be made in such European common currency and (ii) any other amount payable by any party hereto in such currency shall be payable in such currency or in such European common currency (in an amount determined as set forth in clause (a)), at the election of the obligor. Prior to the occurrence of the event or events described in clause (a) or (b) of the preceding sentence, each amount payable hereunder in any currency will continue to be payable only in that currency. The Borrowers agree, at the request of the Required Lenders, at the time of or at any time following the implementation of European monetary union, to enter into an agreement amending this Agreement in such manner as the Required Lenders shall reasonably request in order to avoid any unfair burden or disadvantage resulting from the implementation of such monetary union and to place the parties hereto in the position they would have been in had such monetary union not been implemented, the intent being that neither party will be adversely affected economically as a result of such implementation and that reasonable provisions shall be adopted to govern the borrowing, maintenance and repayment of Loans denominated in currencies other than Dollars after the occurrence of the event or events described in clause (a) or (b) of the preceding sentence.

  • European Economic Area Each Underwriter severally, but not jointly, represents and agrees that it has not offered, sold or otherwise made available and will not offer, sell or otherwise make available any Offered Notes which are the subject of the Prospectus to any “retail investor” in the European Economic Area. For the purposes of this provision:

  • Government Funding No government funding, facilities or resources of any government, international organization, university, college, other educational institution or research center was used in the development of the Company Products or Company Intellectual Property.

  • Economic Sanctions None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the Company, any independent director or director nominee, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

  • United Kingdom Each Underwriter represents and agrees that:

  • Currency All sums of money which are referred to in this Agreement are expressed in lawful money of Canada, unless otherwise specified.

  • Economic Sanctions, Etc The Company will not, and will not permit any Controlled Entity to (a) become (including by virtue of being owned or controlled by a Blocked Person), own or control a Blocked Person or (b) directly or indirectly have any investment in or engage in any dealing or transaction (including any investment, dealing or transaction involving the proceeds of the Notes) with any Person if such investment, dealing or transaction (i) would cause any holder or any affiliate of such holder to be in violation of, or subject to sanctions under, any law or regulation applicable to such holder, or (ii) is prohibited by or subject to sanctions under any U.S. Economic Sanctions Laws.

  • Preference for United States Industry Notwithstanding any other provision of this clause, neither the Contractor nor any assignee shall grant to any person the exclusive right to use or sell any subject invention in the United States unless the person agrees that any products embodying the subject invention or produced through the use of the subject invention will be manufactured substantially in the United States. However, in individual cases, the requirement for an agreement may be waived by the agency upon a showing by the Contractor or its assignee that reasonable but unsuccessful efforts have been made to grant licenses on similar terms to potential licensees that would be likely to manufacture substantially in the United States, or that under the circumstances domestic manufacture is not commercially feasible.

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