OBJECT OF THE PROCEDURE Sample Clauses

OBJECT OF THE PROCEDURE. The object of this procedure is the granting of up to three Concessions which will enable the holder (hereinafter also “Network Service Provider” or “NSP”) to design, implement, deliver and operate its own connectivity solution intended to securely exchange business information between the market participants connected via them and the Eurosystem market infrastructures through the ESMIG. The Connectivity Services to be provided by the selected NSP(s) are detailed in the “Concession Contract” (Annex AR.1) and its Attachments annexed to these Awarding Rules. This Annex together with the “Administrative documentation templates” (Annex AR.2) are integral parts of these Awarding Rules. Each of the selected NSPs may not hold more than one Concession at any given time. The Concessions will be awarded to up to three candidates offering the lowest maximum prices as specified in par. 2.5 of these Awarding Rules for the set of services listed in the Busta economica (see par 2.5 below). The estimated value of the three concessions as a whole is € 541.700.065,00. This estimate is based on: – the current annual traffic volume for T2 (i.e. 250.000.000 msg SnF; 800.000 msg RT; 100.000 files SnF; 1.000.000 MB via U2A) and T2S (i.e. 2.200.000.000 msg SnF; 8.000.000 msg RT; 1.000.000 files SnF; 3.000.000 MB via U2A) and some assumptions regarding the future traffic volume of TIPS and other services like ECMS; – the current market prices for T2 and T2S connection services and some assumptions on TIPS connection services prices. Pursuant to Article 168 of the Code, in order to allow the concessionaires to recoup the investments made in operating the services together with a return on invested capital and also in order to ensure to the newcomers the possibility to access to this market, the concessions will last ten years. The evaluation of the offers will be based on the criteria described in par. 2.5 below. The Banca d’Italia will sign, in the interest and in the name of the Eurosystem, with each of the selected NSPs a Concession Contract governed by the Italian law as laid down in the Annex AR.1 governing the contractual relationship. The Banca d’Italia and the Eurosystem will not be involved in the contractual relationship between the selected Network Service Providers and their customers. Following up on the award of the Concession Contracts, it is expected that Eurosystem central banks will conduct procurement procedures, in line with Directive 2014/24/EU2 and with the ap...
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Related to OBJECT OF THE PROCEDURE

  • Approval Procedure 1. To request approval to receive shared leave hours, an employee or their representative must submit the following documentation to Human Resource Services:

  • General Procedure (a) At each Closing, and effective as of each Closing Date, each party shall deliver to the party entitled to receipt thereof the documents required to be delivered pursuant to Article VII and such other documents, instruments and materials (or complete and accurate copies thereof, where appropriate) as may be reasonably required in order to effectuate the intent and provisions of this Agreement, including the applicable Appendix D, and all such documents, instruments and materials shall be satisfactory in form and substance to counsel for the receiving party.

  • Verbal Procedure An employee who believes that he has a grievance shall discuss the matter with his immediate supervisor within five (5) days following the events that caused the grievance. If requested by the employee, his xxxxxxx may be present.

  • Procedure If any action is brought against an Underwriter, a Selected Dealer or a Controlling Person in respect of which indemnity may be sought against the Company pursuant to Section 6.1, such Underwriter, such Selected Dealer or Controlling Person, as the case may be, shall promptly notify the Company in writing of the institution of such action and the Company shall assume the defense of such action, including the employment and fees of counsel (subject to the reasonable approval of such Underwriter or such Selected Dealer, as the case may be) and payment of actual expenses. Such Underwriter, such Selected Dealer or Controlling Person shall have the right to employ its or their own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of such Underwriter, such Selected Dealer or Controlling Person unless (i) the employment of such counsel at the expense of the Company shall have been authorized in writing by the Company in connection with the defense of such action, or (ii) the Company shall not have employed counsel to have charge of the defense of such action, or (iii) such indemnified party or parties shall have reasonably concluded that there may be defenses available to it or them which are different from or additional to those available to the Company (in which case the Company shall not have the right to direct the defense of such action on behalf of the indemnified party or parties), in any of which events the reasonable fees and expenses of not more than one additional firm of attorneys selected by such Underwriter (in addition to local counsel), Selected Dealer and/or Controlling Person shall be borne by the Company. Notwithstanding anything to the contrary contained herein, if any Underwriter, Selected Dealer or Controlling Person shall assume the defense of such action as provided above, the Company shall have the right to approve the terms of any settlement of such action which approval shall not be unreasonably withheld.

  • Appeal Procedure The Appeal will be deemed an appeal of the entire Arbitration Award. In conducting the Appeal, the Appeal Panel shall conduct a de novo review of all Claims described or otherwise set forth in the Arbitration Notice. Subject to the foregoing and all other provisions of this Paragraph 5, the Appeal Panel shall conduct the Appeal in a manner the Appeal Panel considers appropriate for a fair and expeditious disposition of the Appeal, may hold one or more hearings and permit oral argument, and may review all previous evidence and discovery, together with all briefs, pleadings and other documents filed with the Original Arbitrator (as well as any documents filed with the Appeal Panel pursuant to Paragraph 5.4(a) below). Notwithstanding the foregoing, in connection with the Appeal, the Appeal Panel shall not permit the parties to conduct any additional discovery or raise any new Claims to be arbitrated, shall not permit new witnesses or affidavits, and shall not base any of its findings or determinations on the Original Arbitrator’s findings or the Arbitration Award.

  • Informal Procedure A complaint may be presented informally to the administrator whose decision or action is being contested.

  • Formal Procedure No different or additional Work or contractual obligations will be authorized or performed unless contemplated within the Scope of Work and memorialized in an amendment or modification of the Contract that is executed in compliance with this Article. No waiver of any term, covenant, or condition of the Contract will be valid unless executed in compliance with this Article. Contractor will not be entitled to payment for Work that is not authorized by a properly executed Contract amendment or modification, or through the express written authorization of HHSC. Any changes to the Contract that results in a change to either the term, fees, or significantly impacting the obligations of the parties to the Contract must be effectuated by a formal Amendment to the Contract. Such Amendment must be signed by the appropriate and duly authorized representative of each party in order to have any effect.

  • DISPUTE PROCEDURE (1) Unless otherwise provided in the Council's Constitution or in this Collective Agreement, any dispute within the registered scope of the Council shall be resolved as set out below:

  • Mediation Procedure The Chairman shall promptly advise the parties of a scheduled Mediation Hearing date. Unless a party requests an expedited procedure, or unless all parties to the proceeding agree to one or more extensions of time, the Mediation Hearing set forth below shall be completed within forty (40) days of BCBSA's receipt of the Complaint. The selected mediators, unless the parties otherwise agree, shall adhere to the following procedure:

  • Submission Procedure a. If an appeal from suspension or reduction is not settled at Step 2, it may be presented to the Chief of Employee Relations within seven (7) calendar days from the date the decision was rendered.

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