Objective and Definitions. The aim of this Chapter is to contribute to the fulfilment of the objectives of this Agreement through the promotion of fair competition and the curtailment of anti- competitive practices.
Objective and Definitions. 1. The objective of this Chapter is to provide for the details and procedures concerning the implementation of the cooperation set forth in Article 104 of the Basic Agreement.
2. For the purposes of this Chapter:
Objective and Definitions. (1) The objective of this Agreement is to provide a legal framework for the implementation of statistical transfers under Article 6 of Directive 2009/28/EC and Article 8 of Directive (EU) 2018/2001.
(2) To achieve this objective the Selling Member State agrees to sell and the Buying Entity agrees to buy Specified amounts of energy from renewable sources in accordance with the terms and conditions of this Agreement.
(3) The Parties enter into this Agreement with the purpose of:
a) Contributing to the cost-efficient achievement of the EU targets for the share of energy produced from renewable sources as established in Directive 2009/28/EC and Directive (EU) 2018/2001;
b) Optimising the balance of benefits from statistical transfers of Specified amounts of energy from renewable sources for both the Buying Entity and the Selling Member State;
c) Creating broad public acceptance with regard to cooperation mechanisms in the field of promotion of renewable energy.
Article 2 Pursuant to the Agreement the following terms shall be defined as follows:
a) Selling Member State: the Republic of Lithuania, a Member State of the European Union which, as a party to this Agreement, transfers the Specified amounts of energy from renewable sources to the Buying Entity according to this Agreement;
b) Buying Entity: the Brussels-Capital Region, a federated entity of the Kingdom of Belgium - a Member State of the European Union - which, as a party to this Agreement, purchases the Specified amount of energy from renewable sources for target compliance purposes under Directive 2009/28/EC and Directive (EU) 2018/2001 from the Selling Member State;
c) Specified amount of energy from renewable sources: the statistical value of energy from renewable sources as reported for the purpose of compliance with the mandatory national targets for the share of energy from renewable sources in final energy consumption as set out in the third column in part A of Annex I to Directive 2009/28/EC or Directive (EU) 2018/2001;
Objective and Definitions. 1. The aim of this Chapter is to contribute to the fulfilment of the objectives of this Agreement through the promotion of fair competition and the curtailment of anti-competitive practices.
2. For the purposes of this Chapter, “anti-competitive practices” means business conduct or transactions that adversely affect competition, such as:
(a) anti-competitive horizontal arrangements between competitors;
(b) misuse of market power, including predatory pricing;
(c) anti-competitive vertical arrangements; and
(d) anti-competitive mergers and acquisitions.
Objective and Definitions. 1.1. Objective of this Compliance Clause (hereinafter referred to as the “Clause”) is to minimize compliance risks for the parties to the Agreement arising in the areas of “Combating Laundering of Proceeds from Crime, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction” (hereinafter referred to as “AML/CFT/ FPWMD”), “Anti-Bribery and Corruption” (hereinafter referred to as “ABC”), “Sanctions and Export Control Measures” (hereinafter referred to as “Sanctions”).
Objective and Definitions. Article 1 Objective
(1) The objective of this Agreement is to provide a legal framework for the implementation of statistical transfers under Article 6 of Directive 2009/28/EC of the European Parliament and of the Council of 23 April 2009 on the promotion of the use of energy from renewable sources and amending and subsequently repealing Directives 2001/77/EC and 2003/30/EC (OJ 2009, L 140, p. 16), and amended by Directive (EU) 2015/1513 of the European Parliament and of the Council of 9 September 2015 amending Directive 98/70/EC relating to the quality of petrol and diesel fuels and amending Directive 2009/28/EC on the promotion of the use of energy from renewable sources (OJ L 239, 15.9.2015, p. 1–29).
(2) The Parties enter into this Agreement with the purpose of
a) contributing to the cost-efficient achievement of the EU target to increase the share of energy from renewable sources to 20 percent by 2020;
b) optimise the balance of benefits from statistical transfers of renewable energy target amounts for both the Buying Member State and the Selling Member State.
Objective and Definitions
