The European Central Bank. 9.1 The ECB which, in accordance with Article 282(3) of the Treaty on the Functioning of the European Union, shall have legal personality, shall enjoy in each of the Member States the most extensive legal capacity accorded to legal persons under its law; it may, in particular, acquire or dispose of movable and immovable property and may be a party to legal proceedings.
The European Central Bank. Article 282 1 The European Central Bank, together with the national central banks, shall constitute the European System of Central Banks (ESCB). The European Central Bank, together with the national central banks of the Member States whose currency is the euro, which constitute the Eurosystem, shall conduct the monetary policy of the Union.
The European Central Bank. (ECB) and national central banks, when not acting in their capacity as monetary authorities or other public authorities, should be able to limit the offer of a payment service of sending instant credit transfers in euro to the period during which the ECB and national central banks receive and send non- instant credit transfers in euro. The reason to allow that limitation is that it may be necessary in order for the ECB or a national central bank, due to specificities of its internal operational arrangements, to comply at all times with Article 123 TFEU.
The European Central Bank. The primary objective of the European Central Bank shall be to maintain price stability in the eurozone (and more specifically to keep the harmonised index of consumer prices published by the European Statistical Office between zero and two percent per annum). In carrying out this task it shall not seek or take instructions from any other institution or person. In particular it shall not take instructions with regard to the exchange rate. A provision to secure maximum personal independence for governing Board members follows in the next clause. An alternative would be to provide for one eight year term without reappointment. The members of the Governing Board shall have tenure up to the statutory retirement age. They are If the central bank is independent of government and parliament, its accountable for achieving the constitutional objective of price stability. If the inflation rate of the Euro exceeds 3 per cent per annum over a period of four years, the Governing Council may be dismissed by the two xxxxxxxx of Parliament acting jointly. . democratic legitimacy must derive from the constitution. However, the central bank must be accountable for attaining its constitutional objective. If the central bank does not fulfil its constitutional task there must be democratic checks and remedies.
The European Central Bank. If no Screen Rate and/or the EURIBOR replacement rate is available as provided above, EURIBOR shall be the rate (expressed as a percentage rate per annum) which is determined by the Bank to be the all-inclusive cost to the Bank for the funding of the relevant Tranche based upon the then applicable internally generated Bank reference rate or an alternative rate determination method reasonably determined by the Bank. SIGNATURES For and on behalf of EUROPEAN INVESTMENT BANK By: /s/ Xxxxxx Xxxxxxxx, Investment Officer For and on behalf of BIONDVAX PHARMACEUTICALS LTD. By: /s/ Xxxx Xxxxxxxx, Chief Executive Officer
The European Central Bank. If no Screen Rate and/or the EURIBOR replacement rate is available as provided above, EURIBOR shall be the rate (expressed as a percentage rate per annum) which is determined by the Bank to be the all-inclusive cost to the Bank for the funding of the relevant Tranche based upon the then applicable internally generated Bank reference rate or an alternative rate determination method reasonably determined by the Bank. SIGNATURES For and on behalf of EUROPEAN INVESTMENT BANK /s/ Xxxxx-Xxxxxx XXXXXXX /s/ Xxxxxx XXXXXXXX Name: Xxxxx-Xxxxxx XXXXXXX Title: Head of Division Name: Xxxxxx XXXXXXXX Title: Investment Officer For and on behalf of BIONDVAX PHARMACEUTICALS LTD. /s/ Xxxx Xxxxxxxx Name: Xxxx Xxxxxxxx Title: Chief Executive Officer
