Establishment of the Pandemic Emergency Purchase Programme (PEPP Sample Clauses

Establishment of the Pandemic Emergency Purchase Programme (PEPP. On 24 March 2020, the ECB established a new Asset Purchase Programme (APP) by virtue of Decision 2020/440 on a 37 Guideline 2020/634, recital (2). 38 Guideline 2020/634, recitals (4)-(5). temporary pandemic emergency purchase programme (PEPP).39 This Programme of (initially) 750 billion euros is governed by the following: First, Eurosystem central banks can, in principle, purchase the following types of ‘eligible’ assets:40 marketable debt securities,41 corporate bonds and other marketable debt 39 Decision (EU) 2020/440 of the European Central Bank of 24 March 2020 on a temporary pandemic emergency purchase programme (ECB/2020/17) OJ L 91/1. On this program, see details in Xxxxxxxxx Xxxxx, ‘The Legality of the European Central Bank’s Pandemic Emergency Purchase Programme’ (2020) Xxxxxx Institute Policy Brief xxxx.xxx/xxxxxxxx=0000000; Xxxx Xxxxx Xxxxxx and Xxxx Xxxxxxxxx, The ECB Mandate: Perspectives on Sustainability and Solidarity (Directorate General for Internal Policies - Policy Department for Economic, Scientific and Qulaity of Life Policies, 2020) (also briefly discussing some of the other recent monetary policy measures); Xxxx Xxxxx, ‘The European Central Bank’s pandemic bazooka: mandate fulfilment in extraordinary times’ (EU Law Live, 23 March 2020), xxxxxxxxx.xxx/xx-xx-xxx-xxxxxxxx-xxxxxxx-xxxxx-xxxxxxxx-xxxxxxx-xxxxx te-fulfilment-in-extraordinary-times-by-xxxx-xxxxx/#. 40 Decision 2020/440, Article 1(2). 41 These are governed by Decision (EU) 2020/188 of 3 February 2020 on a secondary markets public sector asset purchase programme [PSPP] (ECB/2020/9) OJ L 39/12, which repealed, according to Article 10(1), Decision (EU) 2015/774 of the European Central Bank of 4 March 2015 on a secondary markets public sector asset purchase programme (ECB/2015/10) OJ L 121/20. On this programme, see Xxxxx (n 4) 675-686. In relation to the PSPP it is further noted that the validity of the relevant ECB Decision was contested before the German Federal Constitutional Court (FCC), which referred for a preliminary ruling to the Court of Justice of the EU (CJEU). The judgment of the latter in Case C-493/17 Xxxxx and others [2017] ECLI:EU:C:2018:1000 found no factor affecting the validity of the ECB Decision. On this case, see, by means of mere indication, Xxxxxx Xxxxxxxxx, ‘The Legality of Responses to the Crisis’ in Amtenbrink and Xxxxxxx (n 4) 1376-1377; Xxxxxxx Xxxxxxxxx, ‘The Judicial Review of Discretion in the Banking Union: from ‘Soft’ to ‘Hard(er)’ Look?’ in X...
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Related to Establishment of the Pandemic Emergency Purchase Programme (PEPP

  • CONDITIONS FOR EMERGENCY/HURRICANE OR DISASTER - TERM CONTRACTS It is hereby made a part of this Invitation for Bids that before, during and after a public emergency, disaster, hurricane, flood, or other acts of God that Orange County shall require a “first priority” basis for goods and services. It is vital and imperative that the majority of citizens are protected from any emergency situation which threatens public health and safety, as determined by the County. Contractor agrees to rent/sell/lease all goods and services to the County or other governmental entities as opposed to a private citizen, on a first priority basis. The County expects to pay contractual prices for all goods or services required during an emergency situation. Contractor shall furnish a twenty-four (24) hour phone number in the event of such an emergency.

  • Contingent Emergency Response 1. In order to ensure the proper implementation of contingent emergency response activities under Part 4 of the Project (“Contingent Emergency Response Part”), the Recipient shall ensure that: (a) a manual (“CERC Manual”) is prepared and adopted in form and substance acceptable to the Association, which shall set forth detailed implementation arrangements for the Contingent Emergency Response Part, including: (i) any structures or institutional arrangements for coordinating and implementing the Contingent Emergency Response Part;

  • Emergency/Declared Disaster Requirements In the event of an emergency or if Orange County is declared a disaster area by the County, state or federal government, this Contract may be subjected to unusual usage. The Contractor shall service the County during such an emergency or declared disaster under the same terms and conditions that apply during non-emergency/disaster conditions. The pricing quoted by the Contractor shall apply to serving the County’s needs regardless of the circumstances. If the Contractor is unable to supply the goods/services under the terms of the Contract, then the Contractor shall provide proof of such disruption and a copy of the invoice for the goods/services from the Contractor’s supplier(s). Additional profit margin as a result of supplying goods/services during an emergency or a declared disaster shall not be permitted. In the event of an emergency or declared disaster, emergency purchase order numbers will be assigned. All applicable invoices from the Contractor shall show both the emergency purchase order number and the Contract number.

  • Completion of Concrete Pours and Emergency Work (a) Except as provided in this sub-clause an Employee shall nor work or be required to work in the rain. (b) Employees shall not be required to start a concrete pour in Inclement Weather. (c) Where a concrete pour has been commenced prior to the commencement of a period of Inclement Weather Employees may be required to complete such concrete pour to a practical stage and for such work shall be paid at the rate of double time calculated to the next hour, and in the case of wet weather shall be provided with adequate wet weather gear. (d) If an Employee’s clothes become wet as a result of working in the rain during a concrete pour the Employee shall, unless the Employee has a change of dry working clothes available, be allowed to go home without loss of pay. (e) The provisions of clauses 32.7(c) and 32.7(d) hereof shall also apply in the case of emergency work where the Employees concerned and their delegates agree that the work is of an emergency nature and can start and/or proceed.

  • Interconnection Customer Compensation for Actions During Emergency Condition The CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff for its provision of real and reactive power and other Emergency Condition services that the Interconnection Customer provides to support the CAISO Controlled Grid during an Emergency Condition in accordance with Article 11.6.

  • Catastrophic Leave Program Leave credits, as defined below, may be transferred from one (1) or more employees to another employee, on an hour-for-hour basis, in accordance with departmental policies upon the request of both the receiving employee and the transferring employee and upon approval of the employee's appointing authority, under the following conditions: A. The receiving employee is required to be absent from work due to injury or the prolonged illness of the employee, employee's spouse, registered domestic partner, a domestic partner listed on an “Affidavit for Enrollment of Domestic Partners,” submitted to employee benefits, parent or child, has exhausted all earned leave credits, including but not limited to sick leave, compensatory time, holiday credits and disability leave and is therefore facing financial hardship. B. The transfers must be for a minimum of four (4) hours and in whole hour increments thereafter. C. Transfers shall be allowed to cross-departmental lines in accordance with the policies of the receiving department. D. The total maximum leave credits received by an employee shall normally not exceed five hundred twenty (520) hours; however, if approved by his/her appointing authority, the total leave credits may be up to one thousand forty (1,040) hours. Total leave credits in excess of one thousand forty (1,040) hours will be considered on a case-by-case basis by the appointing authority subject to the approval of the Chief Administrative Officer. E. The transfers are irrevocable, and will be indistinguishable from other leave credits belonging to the receiving employee. Transfers will be subject to all taxes required by law. F. Leave credits that may be transferred under this program are defined as the transferring employee’s vacation credits or up to twenty-four (24) hours of sick leave per fiscal year. G. Transfers shall be administered according to the rules and regulations of the Auditor and Controller, and made on a form prescribed by the Auditor and Controller. Approvals of the receiving and donating employee, the donating employee's appointing authority and the receiving employee's appointing authority (in the case of an interdepartmental transfer) will be provided for on such form. H. This program is not subject to the Grievance Procedure of this Agreement.

  • Limited Liability in Emergency Conditions Except as otherwise provided in the Tariff or the Operating Agreement, no Interconnection Party shall be liable to any other Interconnection Party for any action that it takes in responding to an Emergency Condition, so long as such action is made in good faith, is consistent with Good Utility Practice and is not contrary to the directives of the Transmission Provider or of the Interconnected Transmission Owner with respect to such Emergency Condition. Notwithstanding the above, Interconnection Customer shall be liable in the event that it fails to comply with any instructions of Transmission Provider or the Interconnected Transmission Owner related to an Emergency Condition.

  • Please see the current Washtenaw Community College catalog for up-to-date program requirements Conditions & Requirements

  • Important Information About Procedures for Opening a New Account To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial organizations to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, you are required to provide your name, residential address, date of birth, and identification number. We may require other information that will allow us to identify you.

  • Additional Acceptable Uses of Student Data Contractor is prohibited from using Student Data for any secondary use not described in this agreement except: a. for adaptive learning or customized student learning purposes; b. to market an educational application or product to a parent or legal guardian of a student if Contractor did not use Data, shared by or collected per this Contract, to market the educational application or product; c. to use a recommendation engine to recommend to a student i. content that relates to learning or employment, within the third-party contractor's internal application, if the recommendation is not motivated by payment or other consideration from another party; or

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