Completion of the modification procedure Sample Clauses

Completion of the modification procedure. 4.1.5.1 When an administration has obtained the agreement of all the administrations whose names were published in the BR IFIC referred to in § 4.1.2.8 b) or § 4.1.3.2, as appropriate, it shall inform the Bureau of the final agreed characteristics of the assignment/allotment together with the names of the administrations with which agreement has been reached. If the administration proposing the modification to the Plans does not inform the Bureau within 24 months after the 75-day period referred to in § 4.1.4.6 to § 4.1.4.10, the proposed modification shall lapse. 4.1.5.2 If the above-mentioned final agreed characteristics result in the identification of new affected administrations, the administration proposing the modification to the Plans shall again apply the provisions of § 4.1 with respect to these new administrations. 4.1.5.3 From the receipt of the complete information referred to in § 4.1.5.1, the Bureau shall, within 30 days, publish in the Special Section of the BR IFIC the characteristics of the assignment/allotment together with the names of the administrations which have agreed to the proposed modification to the Plans and include the new or modified assignment/allotment in the Plans, as appropriate. With respect to Contracting Members, the assignment/allotment concerned shall enjoy the same status as those appearing in the Plans. However, in the case of an assignment in the Plan resulting from the conversion of an allotment, this assignment shall remain in accordance with the allotment from which it stems and in conformity with Section II of Annex 4. 4.1.5.4 The agreement of the administration(s) affected may also be obtained in accordance with this Article for a specific period of time. The assignment or allotment, as appropriate, shall be removed from the Plans and/or from the MIFR, as appropriate, by the Bureau at the end of this period of time, after it has informed the administration.
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Related to Completion of the modification procedure

  • Escalation Procedure Tentative Rates for those species and products listed in A4a are subject to quarterly escalation in accordance with the following pro- cedures: The calendar quarter index average for each price index described in A5 is the arithmetic average of the three such monthly price indices preceding January 1, April 1, July 1, and October 1. The difference between calendar quarter index average and Base Index listed in A4a shall be the basis for quarterly escalation. To arrive at Current Contract Rates for timber Scaled during the preceding calendar quarter, Tentative Rates for each species shall be reduced or increased by such difference, except when the calendar quarter index average is: (a) Less than the Base Index, the reduction shall not result in a rate below Base Rate or (b) Greater than the Base Index, the increase shall not exceed the difference between Tentative Rate and Base Rate. In the event of Contract Term Extension, the escala- tion procedure will be used during the extension period, except that adjusted payment rates for any calendar quar- ter cannot be less than Tentative Rates, for each species and product group, established under B8.23 for the ex- tension period.

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