Alternative national frameworks Sample Clauses

Alternative national frameworks. Other countries do not use dedicated funds for farmers' recovery after disaster but have institutionalised some form of protection mechanisms. In Denmark, with respect to crop financial protection, there are no relevant public subsidy policy for farmers, while reforestation funds targeting forests hit by major windstorms are granted by the Storm Council at the following conditions: the affected area must have been subject to insurance coverage against windfall in its entirety; the portion of area overturned must be greater than 1/60th of the total forested area managed; and, the forest must be under public environmental protection arrangements (European Commission, 2017). In Croatia, where ex-post disaster recovery is usually carried out through ad hoc governmental measures as said before, public compensation for agriculture faces the same limitations as the other sectors (i.e., compensation limited to 5% of losses and high degree of bureaucratisation of the application and evaluation processes). Even though in Poland there is no legal requirement of coverage for households and businesses, a compulsory scheme for protection does indeed exist in the country for agricultural activities and linked rural dwellings which apply for state support. The scheme provides coverage against crop losses and major climatic events, though the take- up rate appears to still be marginal given the legal obligation (farmers are required to cover against some risk of technical nature but not against natural hazards, and most of them acquired only insurance against hail; European Commission (2017)). Since 2016, in Romania, Die Österreichische Hagelversicherung România has launched an insurance scheme for farmers against the mounting effect of drought (European Commission, 2017), in the likes of PAID (Hanger et al., 2018). The Swedish crop protection model has been reviewed as one of the best in Europe. Clear and secure compensation is assured in general, and the multi-hazard nature and the generalisation to all farmland instead of addressing only hotspots of risk (Xxxxxx et al., 2020). The elevated level of penetration in the countryside is a result of a particular historical evolution. Sweden has never engaged in insurance subsidies and has implemented a compulsory, publicly-provided system for farmers until 1994 when it was deemed too costly and incompatible with CAP regulations. The private insurance industry, dominated by two industries, has since filled the gap for comprehe...
Sample 1
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Related to Alternative national frameworks

  • Definitions For purposes of this Agreement:

  • WHEREAS the Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); and

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • NOW, THEREFORE the parties hereto agree as follows:

  • MODIFICATION This Agreement shall not be changed, modified, terminated, or discharged, in whole or in part, except by an instrument in writing signed by both parties hereto, or their respective successors or assignees.

  • Purpose The purpose of this Agreement is to identify the terms and conditions of the relationship between TIPS and Vendor. Public entities and qualifying non-profits that properly join or utilize TIPS (“TIPS Members”) may elect to “piggyback” off of TIPS’ procurements and agreements where the laws of their jurisdiction allow. TIPS Members are not contractual parties to this Agreement although terms and conditions of this Agreement may ensure benefits to TIPS Members.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • General The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its corporate trust office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be open to inspection by any Unit holder of such Trust at all reasonable times during the usual business hours. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulations thereunder.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

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