Local Content and Local Participation Sample Clauses

Local Content and Local Participation. There is a local Ghanaian firm, MED Songhai, in the Ghana-AGM Agreement subsumed in the Contractor, AGM Petroleum Ghana. MED Songhai owns 2.5% in AGM Gibraltar, the parent company of AGM Petroleum Ghana which has a participating interest of 68% in the Joint Operating Company. This means that the participating interest of the local Ghanaian firm translates to 1.7% in the JOC. This falls far below the minimum equity of 5% participation for Ghanaians in a petroleum license as prescribed in the Petroleum (Local Content and Local Participation) Regulations (LI2204). The beneficial owners of Cola Natural Resources Ghana Limited are neither known from the Agreement nor the memoranda that accompanied the Agreements and it is therefore difficult to ascertain the extent of local participation in the Agreement.
Sample 1
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Local Content and Local Participation. There is a local Ghanaian firm, MED Songhai, in the Ghana-AGM Agreement subsumed in the Contractor, AGM Petroleum Ghana. MED Songhai owns 2.5% in AGM Gibraltar, the parent company of AGM Petroleum Ghana which has a participating interest of 68% in the Joint Operating Company. This means that the participating interest of the local Ghanaian firm translates to 1.7% in the JOC. This falls far below the minimum equity of 5% participation for Ghanaians in a petroleum license as prescribed in the Petroleum (Local Content and Local Participation) Regulations (LI2204).
Sample 1

Related to Local Content and Local Participation

  • PARTICIPATION, CONTRACT ACCESS, AND PARTICIPATING ENTITY REQUIREMENTS A. PARTICIPATION. Sourcewell’s cooperative contracts are available and open to public and nonprofit entities across the United States and Canada; such as federal, state/province, municipal, K-12 and higher education, tribal government, and other public entities. The benefits of this Contract should be available to all Participating Entities that can legally access the Equipment, Products, or Services under this Contract. A Participating Entity’s authority to access this Contract is determined through its cooperative purchasing, interlocal, or joint powers laws. Any entity accessing benefits of this Contract will be considered a Service Member of Sourcewell during such time of access. Supplier understands that a Participating Entity’s use of this Contract is at the Participating Entity’s sole convenience and Participating Entities reserve the right to obtain like Equipment, Products, or Services from any other source. Supplier is responsible for familiarizing its sales and service forces with Sourcewell contract use eligibility requirements and documentation and will encourage potential participating entities to join Sourcewell. Sourcewell reserves the right to add and remove Participating Entities to its roster during the term of this Contract.

  • SMALL BUSINESS PARTICIPATION AND DVBE PARTICIPATION REPORTING REQUIREMENTS a. If for this Contract Contractor made a commitment to achieve small business participation, then Contractor must within 60 days of receiving final payment under this Contract (or within such other time period as may be specified elsewhere in this Contract) report to the awarding department the actual percentage of small business participation that was achieved. (Govt. Code § 14841.)

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