Economic Assistance. 1. The policy of the Authority of assisting developing countries which suffer serious adverse effects on their export earnings or economies resulting from a reduction in the price of an affected mineral or in the volume of exports of that mineral, to the extent that such reduction is caused by activities in the Area, shall be based on the following principles:
(a) The Authority shall establish an economic assistance fund from a portion of the funds of the Authority which exceeds those necessary to cover the administrative expenses of the Authority. The amount set aside for this purpose shall be determined by the Council from time to time, upon the recommendation of the Finance Committee. Only funds from payments received from contractors, including the Enterprise, and voluntary contributions shall be used for the establishment of the economic assistance fund;
(b) Developing land-based producer States whose economies have been determined to be seriously affected by the production of minerals from the deep seabed shall be assisted from the economic assistance fund of the Authority;
(c) The Authority shall provide assistance from the fund to affected developing land-based producer States, where appropriate, in cooperation with existing global or regional development institutions which have the infrastructure and expertise to carry out such assistance programmes;
(d) The extent and period of such assistance shall be determined on a case-by-case basis. In doing so, due consideration shall be given to the nature and magnitude of the problems encountered by affected developing land-based producer States.
2. Article 151, paragraph 10, of the Convention shall be implemented by means of measures of economic assistance referred to in paragraph 1. Article 160, paragraph 2 (l), article 162, paragraph 2 (n), article 164, paragraph 2 (d), article 171, subparagraph (f), and article 173, paragraph 2 (c), of the Convention shall be interpreted accordingly.
Economic Assistance. Subject to the terms of this Agreement and provided Company is not in default, the WEDC will provide Company economic assistance in the form of performance reimbursement incentives (the "Reimbursement Incentives") upon completion of the Performance Criteria set forth below. The total amount of economic assistance and/or incentives to be paid to the Company, including the Reimbursement Incentives, shall not exceed the cumulative sum of Thirty Thousand Dollars ($30,000.00).
Economic Assistance. Millennium Challenge Compact
Economic Assistance. Subject to the terms of this Agreement, the FEDC will provide COMPANY economic assistance in the form of the renewal and extension of the forgivable loan together with performance credits. The performance credits will be credited according to the criteria set forth herein. COMPANY shall provide documentation in a format acceptable to the FEDC of compliance with the performance requirements as defined below:
Economic Assistance. Subject to the terms of this Agreement and provided Company is not in default, the WEDC will provide Company economic assistance in the form of (a) forgiveness of all or a portion of the Seller Note over a three (3) year period, in an amount not to exceed $100,000.00, plus interest in the aggregate, and (b) performance incentives in an amount not to exceed $100,000.00 in the aggregate (collectively, the “Economic Assistance”) upon completion of the Performance Obligations set forth below. The total amount of economic assistance and/or incentives to be paid to the Company, including forgiveness of the Seller Note and payment of the qualified infrastructure incentives, shall not exceed the cumulative sum of Two Hundred Thousand Dollars ($200,000.00).”
Economic Assistance. Upon the accession taking effect, the territory specified in Article 3 of this Treaty shall be incorporated into the arrangements of the Federation existing in the territory of the Federal Republic for economic assistance, taking into consideration the competence of the European Communities. The specific requirements of structural adjustment shall be taken into account during a transitional period. This will make a major contribution to the speediest possible development of a balanced economic structure with particular regard for small and medium-sized businesses.
Economic Assistance. Funding FY2009 U.S. Economic Assistance by Funding Agency Funding agency Obligations Disbursements Funding agency Obligations Disbursements
Economic Assistance. Subject to the terms of this Agreement, the FEDC will provide Company economic assistance in the form of Performance Economic Incentives (“Economic Incentives”) in an amount up to, but not to exceed One Million Five Hundred Eighty-Six Thousand Dollars ($1,586,000.00) to reimburse Company for the construction of the Qualified Infrastructure. Upon meeting the qualifications and requirements (the “Performance Requirements”), the Company shall receive the following Economic Incentives: Economic Incentives and Performance Requirements Schedule: Economic Incentive Full Time Jobs Tenant Square Feet Occupied Business Personal Property Value Total FEDC Incentive FEDC Incentive Expiration Date No. 1 180 60,000 $650,000 $300,000 $300,000 1/31/15 No. 2 195 60,000 $300,000 $600,000 1/31/16 No. 3 205 60,000 $300,000 $900,000 1/31/17 No. 4 205 60,000 $250,000 $1,150,000 1/31/18 No. 5 205 60,000 $225,000 $1,375,000 1/31/19 No. 6 205 60,000 $211,000 $1,586,000 1/31/20 NOTE: Each full time job is has a value of Three Thousand Two Hundred Fifty Dollars ($3,250.00).
Economic Assistance. (1) Upon the accession taking effect, the territory specified in Article 3 of this Treaty shall be incorporated into the arrangements of the Federation existing in the territory of the Federal Republic for economic assistance, taking into consideration the competence of the European Communities. The specific requirements of structural adjustment shall be taken into account during a transitional period. This will make a major contribution to the speediest possible development of a balanced economic structure with particular regard for small and medium-sized businesses.
(2) The relevant ministries shall prepare concrete programmes to speed up economic growth and structural adjustment in the territory specified in Article 3 of this Treaty. The programmes shall cover the following fields: - measures of regional economic assistance accompanied by a special programme for the benefit of the territory specified in Article 3 of this Treaty; preferential arrangements shall be ensured for this territory; - measures to improve the general economic conditions in the communes, with particular emphasis being given to infrastructure geared to the needs of the economy; - measures to xxxxxx the rapid development of small and medium-sized businesses; - measures to promote the modernization and restructuring of the economy, relying on restructuring schemes drawn up by industry of its own accord (e.g. rehabilitation programmes, including ones for exports to COMECON countries); - debt relief for enterprises following the examination of each case individually.
Economic Assistance. Subject to the terms of this Agreement, the FEDC will provide COMPANY economic assistance in the form of a forgivable loan together with performance credits. The Loan proceeds and performance credits will be advanced and credited according to the criteria set forth herein. COMPANY shall provide documentation in a format acceptable to the FEDC of compliance with the performance requirements as defined below:
A. Construction Loan - FEDC shall provide COMPANY economic assistance in the form of a loan in an amount not to exceed Two Hundred Forty-Three Thousand Dollars ($243,000.00) (the "Loan"), the proceeds of which will be advanced directly in monthly construction draws to SINACOLA and/or its contractor for the construction of the hnprovements for leased space to be occupied by COMPANY at the Property following receipt and approval by the FEDC and COMPANY of the construction draw requests. Any costs for the Improvements in excess of this amount shall be at the sole cost and expense of COMPANY and/or SINACOLA. The Loan shall be evidenced by a promissory note, in the form attached hereto as Exhibit "A" (the "Note"), to be executed by COMPANY and payable to the FEDC, bearing no interest, payable as set forth therein;
