Amendment, supplement of provisions on handling violations Sample Clauses

Amendment, supplement of provisions on handling violations. The system of sanctions: The current Competition Law provides 03 groups of sanctions for the acts of abuse of dominant/monopoly position, including: main sanction (monetary fine), additional sanctions and remedy measures. This grouping is similar to many other laws. However, for Competition Law, the differentiation between additional sanction and remedy measure as above is not necessary. Therefore, we can abridge systematically sanctions to the acts of abuse of dominant/monopoly position into 2 forms of sanctions, which are: main sanction (monetary fine) and remedy measure. Main sanction is applied for all cases sanctioned by competition agencies; remedy measure is only applied under necessary circumstances, decided by competition agencies. In the meantime, Competition Law and guidance Degrees should have more detailed provisions on sanctioning the acts of abuse of dominant position. Competition Law and guidance Degrees need to standardize: the main sanction for this group of acts is monetary fine, and warning is not applicable. For main sanction (monetary fine): Monetary fine for violation should be determined based on the turnover of the enterprise in relevant market in the fiscal year preceding the year when the violation was committed. Promulgate provisions on the principle in the application of monetary fine, fine calculation, and review of aggregating, mitigating circumstances. These provisions will create solid basis in deciding fine level, avoid making decision unsystematically and increase transparency in the whole process of handling cases. For remedy measures To improve awareness in abiding by the law of enterprises and recover distorted competition situation, competition agencies can apply other remedy measures. Several new sanctions should be researched and applied such as: force enterprise to announce decision on handling their violations; or place a notice with the content regulated by 17 Xxxxxx Xxxxx Xx, ―Rule of reasons and per se illegal in competition legislation‖, State and Legislation Magazine, no 1(225), 2007, p. 52-62. competition agencies in several newspaper or other publications under the instruction of competition agencies; put the content of the decision on handling their violations into the annual operation report of the enterprise; force the leader and staff members of violating enterprise to participate in short-term training on Competition Law in order to increase awareness of Competition Law…. CHAPTER III ECONOMIC CONCENTRA...
AutoNDA by SimpleDocs

Related to Amendment, supplement of provisions on handling violations

  • Waivers and Supplemental Agreements with Consent of Holders With the consent of the Holders of Certificates of each Class representing Certificate Balances aggregating not less than 66% of the related Class Balance, (i) compliance by Xxxxxx Xxx with any of the terms of this Trust Agreement may be waived or (ii) Xxxxxx Mae, in its corporate capacity and in its capacity as Trustee, may enter into any Supplemental Agreement for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Trust Agreement or of modifying in any manner the rights of the Holders of the Certificates issued under this Trust Agreement; provided, however, that no such waiver or Supplemental Agreement shall:

  • Amendments; Waivers No provision of this Agreement may be waived or amended except in a written instrument signed, in the case of an amendment, by the Company and each Purchaser or, in the case of a waiver, by the party against whom enforcement of any such waiver is sought. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of either party to exercise any right hereunder in any manner impair the exercise of any such right.

  • Waiver of Provisions Any waiver of any terms and conditions hereof must be in writing and signed by the parties hereto. The waiver of any of the terms and conditions of this Agreement shall not be construed as a waiver of any subsequent breach of the same or any other terms and conditions hereof.

  • Priority of agreements and errors discrepancies

  • Amendments and Supplements The Company shall prepare and file with the Commission such amendments, including post-effective amendments, and supplements to such Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Registration Statement effective and in compliance with the provisions of the Securities Act until all Registrable Securities and other securities covered by such Registration Statement have been disposed of in accordance with the intended method(s) of distribution set forth in such Registration Statement or such securities have been withdrawn.

  • Waivers; Amendments (a) No failure or delay by the Administrative Agent, the Issuing Bank or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time.

  • Amendment of Agreement This Agreement may be amended only by written agreement of the Adviser and the Sub-Adviser and only in accordance with the provisions of the 1940 Act and the rules and regulations promulgated thereunder.

  • Amendment of PHI Business Associate shall make any amendments to PHI in a Designated Record Set that Covered Entity directs or agrees to pursuant to 45 CFR § 164.526, whether at the request of Covered Entity or an Individual. Business Associate shall make such amendments in the time and manner reasonably designated by Covered Entity. Within three (3) business days, Business Associate shall forward to Covered Entity for handling any request for amendment to PHI that Business Associate directly receives from an Individual.

  • Amendments to Agreement This Agreement, or any term thereof, may be changed or waived only by written amendment signed by the party against whom enforcement of such change or waiver is sought. For special cases, the parties hereto may amend such procedures set forth herein as may be appropriate or practical under the circumstances, and Ultimus may conclusively assume that any special procedure which has been approved by the Trust does not conflict with or violate any requirements of its Declaration of Trust or then current prospectuses, or any rule, regulation or requirement of any regulatory body.

  • Amendments; Waiver This Agreement may be amended by the parties hereto and the terms and conditions hereof may be waived only by an instrument in writing signed on behalf of each of the parties hereto, or, in the case of a waiver, by an instrument signed on behalf of the party waiving compliance.

Time is Money Join Law Insider Premium to draft better contracts faster.