Regarding exemptions Sample Clauses

Regarding exemptions. Agreements that can be exempted under Competition Law include five types of acts which are assessed on basis of conditional prohibition. It means exemption is applicable to the agreements that can be prohibited if combined market share of parties of the agreements is of 30% or more in the relevant market. Under Article 10 of Competition Law, only competition restriction agreements prescribed in Clause 2, Article 9 can fall within the scope of agreements that are possible to be granted terminable exemption. Competition restriction agreements mentioned above shall enjoy exemption for a definite term if they meet the following conditions in order to reduce costs to benefit consumers: a) Rationalizing the organizational structure, business model, raising business efficiency; b) Promoting technical and technological advances, raising goods and service quality; c) Promoting the uniform application of quality standards and technical norms of products of different kinds; d) Harmonizing business, goods delivery and payment conditions, which have no connection with prices and price factors; e) Enhancing the competitiveness of small- and medium-sized enterprises; f) Enhancing the competitiveness of Vietnamese enterprises on the international market. In order to be exempted, parties of the agreements have to abide by the order, procedures for granting exemptions, provided in Articles from 25 to 38 of Competition Law. On basis of dossiers of application for exemption submitted by parties intending to participate in competition restriction agreements, Vietnam Competition Authority (VCA) shall be responsible for assessing and putting forward its opinions to the Industry and Trade Minister for decision or submission to the Prime Minister for decision.
Sample 1
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Regarding exemptions. Firstly, the scope of types of agreements that are exempt as the current regulations is not reasonable. Secondly, provisions on exemption have not mentioned the principles to determine the time limit for exemption of competition restriction agreements. Thirdly, provisions on exemption for prohibited competition restriction agreements are in contradiction with agreements on price.
Sample 1
Regarding exemptions. As stated in subsection 2 above, for agreements belonging to the severe group (hardcore cartels) include 4 types of acts: (1) price-fixing agreement, (2) market allocation agreement; (3) agreement to restrict production, and (4) bid rigging, Vietnam should consider amending the current provisions in the direction to prohibit in all cases and without exemptions for this group of acts. For other agreements, Vietnam needs to study and apply appropriate principles, competition authorities would consider based on the evaluation of «cost» and «benefit» factors of the agreement. With this approach, Vietnam does not need to promulgate provisions on exemptions. The conditions for exemptions stipulated in Article 10 of Competition Law can be included in the set of criteria to evaluate «costs» and «benefit» of the acts of agreement (other than hardcore cartels). At the same time, the time limit of exemptions and the conditions to extend the exemption period should be considered to be stipulated.
Sample 1

Related to Regarding exemptions

  • Tax Exemptions Ontario Universities and College Residences are tax-exempt and Residents are not charged taxes on Residence fees. As such, the Resident may claim only $25 as the occupancy cost for the part of the year lived in Residence. If filing either a paper or an electronic income tax return, the Resident does not need to include receipts with the tax return. For that reason, Humber Residences does not provide tax receipts.

  • Securities Law Exemptions Assuming the accuracy of the representations and warranties of the Initial Purchasers contained in Section 1(b) (including Annex C hereto) and their compliance with their agreements set forth therein, it is not necessary, in connection with the issuance and sale of the Securities to the Initial Purchasers and the offer, resale and delivery of the Securities by the Initial Purchasers in the manner contemplated by this Agreement, the Time of Sale Information and the Offering Memorandum, to register the Securities under the Securities Act or to qualify the Indenture under the Trust Indenture Act.

  • Securities Exemptions The offer and sale of the Purchased Securities to the Purchasers pursuant to this Agreement shall be exempt from the registration requirements of the Securities Act and the registration and/or qualification requirements of all applicable state securities laws.

  • Tax Exemptions and Exemption Certificates If Applicable Law clearly exempts a purchase hereunder from a Tax, and if such Applicable Law also provides an exemption procedure, such as an exemption-certificate requirement, then, if the Purchasing Party complies with such procedure, the Providing Party shall not collect such Tax during the effective period of such exemption. Such exemption shall be effective upon receipt of the exemption certificate or affidavit in accordance with the terms set forth in Section 41.6. If Applicable Law clearly exempts a purchase hereunder from a Tax, but does not also provide an exemption procedure, then the Providing Party shall not collect such Tax if the Purchasing Party (a) furnishes the Providing Party with a letter signed by an officer requesting such an exemption and citing the provision in the Applicable Law which clearly allows such exemption and (b) supplies the Providing Party with an indemnification agreement, reasonably acceptable to the Providing Party (e.g., an agreement commonly used in the industry), which holds the Providing Party harmless on an after-tax basis with respect to its forbearing to collect such Tax.

  • ERISA Exemptions The Parent and the Borrower shall not, and shall not permit any Subsidiary to, permit any of its respective assets to become or be deemed to be “plan assets” within the meaning of ERISA, the Internal Revenue Code and the respective regulations promulgated thereunder.

  • Offering Exemption Assuming the truth and accuracy of the representations and warranties contained in Section 7, this issuance and delivery to the Holder of this Note is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and will be registered or qualified (or exempt from registration or qualification) under applicable state securities and “blue sky” laws, as currently in effect.

  • TAX EXEMPTION The Department of Montana is exempt from Federal Excise Taxes (#00-0000000).

  • FINRA Exemption To enable Xxxxx to rely on Rule 5110(b)(7)(C)(i) of FINRA, the Company represents that the Company (i) has a non-affiliate, public common equity float of at least $150 million or a non-affiliate, public common equity float of at least $100 million and annual trading volume of at least three million shares and (ii) has been subject to the Exchange Act reporting requirements for a period of at least 36 months.

  • Section 16(b) Exemption The Company shall take all actions reasonably necessary to cause the transactions contemplated by this Agreement and any other dispositions of equity securities of the Company (including derivative securities) in connection with the transactions contemplated by this Agreement by each individual who is a director or executive officer of the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act.

  • Group Tax Exemption Ruling As of the Disaffiliation Date, Local Church shall cease to use, and also shall ensure that any Subsidiaries or affiliates of Local Church which have been included in the group tax exemption ruling shall cease to use, any and all documentation stating that Local Church is included in the denomination’s group tax exemption ruling administered by the General Council on Finance and Administration of The United Methodist Church. Local Church and any of its Subsidiaries and affiliates which have been included in the group tax exemption ruling will be removed as of the Disaffiliation Date.

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