PURPOSES AND PRINCIPLES Sample Clauses

PURPOSES AND PRINCIPLES. National Trails serve communities best when they integrate recreational, environmental, cultural, economic, and transportation objectives, so that National Trails showcase the rich diversity of America’s natural and cultural heritage and retain significance for all Americans and international visitors. This MOU promotes these objectives by facilitating, encouraging, and assisting long-term interagency cooperation at the national, trail-wide, regional, State, and local levels in implementing the NTSA. In particular, this MOU supports the interagency coordination and collaboration necessary to implement the NTSA; identifies the roles and responsibilities of the agencies to support administration and management of National Trails; reaffirms the responsibility of the agencies to work together in administering and managing the NTS and NTS components as seamlessly as possible at all organizational levels across multiple jurisdictions for public benefit; and supports agency cooperation with NTS partners in support of National Trails.
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PURPOSES AND PRINCIPLES. A major goal of the Act is to have State Workforce Systems pursue strategies that would positively impact employment levels by satisfying certain needs of unemployed workers and employers. To that end the Act makes funds available to states engaging in programs that have been shown capable of supporting the goal. Funds are also made available to evaluate the various strategies to help determine their effectiveness and to understand their impact on workers, employers, and the labor market. Consistent with transparency and accountability principles, reporting and monitoring of activities and associated funding are essential, and grantees are expected to support these activities through compliance with all related requirements.
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PURPOSES AND PRINCIPLES. The purposes of the present Agreement are: To cooperate in establishing large-scale ASEAN Industrial Projects, particularly to meet regional requirements for essential products; and To give priority to projects which utilize the available resources in the Member States and which contribute to the increase in food production and foreign exchange earnings or which save foreign exchange and create employment. The provisions of this Agreement shall initially apply to the first five ASEAN Industrial Projects. They shall also apply to subsequent sets of projects, unless the ASEAN Economic Ministers decide otherwise. In the event modifications are found necessary in the subsequent sets in the light of experience gained under the first five ASEAN Industrial Projects, such modifications shall be effected in accordance with Chapter XVI of this Agreement.
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PURPOSES AND PRINCIPLES. ARTICLE 1 The purposes of the present Agreement are: 1. To cooperate on establishing large-scale ASEAN Industrial Projects, particularly to meet regional requirements for essential products; and 2. To give priority to projects which utilize the available resources in the Member States and which contribute to the increase in food production and foreign exchange earnings or which save foreign exchange and create employment. The provisions of this Agreement shall initially apply to the first five ASEAN Industrial Projects. They shall also apply to subsequent sets of projects, unless the ASEAN Economic Ministers decide otherwise. In the event modifications are found necessary in the subsequent sets in the light of experience gained under the first five ASEAN Industrial Projects, such modifications shall be effected in accordance with Chapter XVI of this Agreement. ARTICLE 2 The Contracting States, in pursuance of the purposes stated in Article 1, shall act in accordance with the following principles: 1. Each Contracting State shall have at least one ASEAN Industrial Project in its country. 2. Upon the allocation of an ASEAN Industrial Project to an ASEAN member country, similar new national projects can only be established after consultation with member countries and also on condition that the basis for the ASEAN Industrial Project is not affected by the proposed new national projects. However, similar national projects which have already been firmly planned and are already in their early stage of implementation before the allocation of the ASEAN Industrial Projects shall be allowed to proceed as national projects. Such projects shall be specified with particulars in the relevant Supplementary Agreement attached hereto. 3. In the allocation of the subsequent sets of ASEAN Industrial Projects, the benefits derived from the preceding ASEAN Industrial Projects shall be taken into account with a view to equalizing benefits in the long term.
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PURPOSES AND PRINCIPLES. The purpose of this Chapter is to increase the benefits from trade and investment through the protection and enforcement of intellectual property rights.
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PURPOSES AND PRINCIPLES. The purposes of the present Agreement are:
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PURPOSES AND PRINCIPLES 
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Related to PURPOSES AND PRINCIPLES

  • Applicable Principles Subject to the provisions of this Agreement, the Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Actual Tax Liability of the Corporation for such Taxable Year attributable to the Basis Adjustments and Imputed Interest, as determined using a “with and without” methodology described in Section 2.4(a). Carryovers or carrybacks of any tax item attributable to any Basis Adjustment or Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of U.S. state and local tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any tax item includes a portion that is attributable to a Basis Adjustment or Imputed Interest (a “TRA Portion”) and another portion that is not (a “Non-TRA Portion”), such portions shall be considered to be used in accordance with the “with and without” methodology so that: (i) the amount of any Non-TRA Portion is deemed utilized first, followed by the amount of any TRA Portion (with the TRA Portion being applied on a proportionate basis consistent with the provisions of Section 3.3(a)); and (ii) in the case of a carryback of a Non-TRA Portion, such carryback shall not affect the original “with and without” calculation made in the prior Taxable Year. The Parties agree that, subject to the second to last sentence of Section 2.1(a), all Tax Benefit Payments attributable to an Exchange will be treated as subsequent upward purchase price adjustments that give rise to further Basis Adjustments for the Corporation beginning in the Taxable Year of payment, and as a result, such additional Basis Adjustments will be incorporated into such Taxable Year continuing for future Taxable Years until any incremental Basis Adjustment benefits with respect to a Tax Benefit Payment equals an immaterial amount.

  • Definitions and Principles of Construction Section 1.1 Defined Terms 1 Section 1.2 Principles of Constructions 1

  • General Principles Each Party shall implement its tasks in accordance with the Consortium Plan and shall bear sole responsibility for ensuring that its acts within the Project do not knowingly infringe third party property rights.

  • Accounting Terms and Principles (a) Except as set forth below, all accounting terms not specifically defined herein shall be construed in conformity with GAAP and all accounting determinations required to be made pursuant hereto (including for purpose of measuring compliance with Article V (Financial Covenant)) shall, unless expressly otherwise provided herein, be made in conformity with GAAP. (b) If at any time any change in GAAP would affect the computation of any financial ratio or requirement, and either the Borrower or the Administrative Agent shall so request, the Administrative Agent and the Borrower shall negotiate in good faith to amend such ratio or requirement so as to equitably reflect such change in GAAP with the desired result that the criteria for evaluating the Borrower’s financial condition shall be the same after such change in GAAP as if such change in GAAP had not been made (subject to the approval of the Requisite Lenders); provided, however, that, (i) until so amended, (A) such ratio or requirement shall continue to be computed in accordance with GAAP, as applicable, prior to such change therein and (B) the Borrower shall provide to the Administrative Agent and the Lenders a written reconciliation, in form and substance reasonably satisfactory to the Administrative Agent, between calculations of such ratio or requirement made before and after giving effect to such change in GAAP and (ii) for the avoidance of doubt, (A) the amount of any Capital Lease Obligation shall at all times be calculated in accordance with the definition of that term, and (B) notwithstanding any changes in GAAP after the Closing Date, any lease of the Borrower or the Subsidiaries that would be characterized as an operating lease under GAAP in effect on the Closing Date (whether such lease is entered into before or after the Closing Date) shall not constitute Indebtedness or a Capital Lease Obligation under this Agreement or any other Loan Document as a result of such changes in GAAP. (c) For purposes of making all financial calculations to determine compliance with Article V (Financial Covenant) and any other financial ratio hereunder, all components of such calculations shall be adjusted to include or exclude, as the case may be, without duplication, such components of such calculations attributable to any business or assets that have been acquired by the Borrower or any of its Subsidiaries (including through Permitted Acquisitions) after the first day of the applicable period of determination and prior to the end of such period, as determined in good faith by the Borrower on a Pro Forma Basis. For the avoidance of doubt, when determining Pro Forma Compliance with Article V (Financial Covenant) for purposes of any ratio test set forth in the definition of “Permitted Acquisition” or Article VIII (Negative Covenants), the test set forth in Article V (Financial Covenant) shall apply regardless of whether any Revolving Credit Commitment remains outstanding on the relevant test date.

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • Definitions and Principles of Interpretation The following definitions in clause 1.1 shall be replaced as follows:

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof. 2. The objectives of the EEA Financial Mechanism 2014-2021 shall be pursued in the framework of close co-operation between the Donor States and the Beneficiary State. The Parties agree to apply the highest degree of transparency, accountability and cost efficiency as well as the principles of good governance, partnership and multi-level governance, sustainable development, gender equality and equal opportunities in all implementation phases of the EEA Financial Mechanism 2014-2021. 3. The Beneficiary State shall take proactive steps in order to ensure adherence to these principles at all levels involved in the implementation of the EEA Financial Mechanism 2014-2021. 4. No later than 31/12/2020, the Parties to this Memorandum of Understanding shall review progress in the implementation of this Memorandum of Understanding and thereafter agree on reallocations within and between the programmes, where appropriate. The conclusion of this review shall be taken into account by the National Focal Point when submitting the proposal on the reallocation of the reserve referred to in Article 1.11 of the Regulation.

  • Definitions Principles of Construction Section 1.1. Definitions 1 Section 1.2. Principles of Construction 16

  • Principles The Trust will be governed by the employee representatives and the employer representatives, together with the Crown;

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