The Home DGS’s duties Sample Clauses

The Home DGS’s duties. With respect to the Decision in relation to a Relevant Credit Institution established in the Home Country and following the identification of the Relevant Branch, the Home DGS shall: - Notify, as prescribed in Provision 6.2, the identity of the Relevant Branch to the Host DGS following the Payout Event. - Inform, as prescribed in Provision 6.2, the Host DGS of the characteristics of the Payout Event (including, as far as possible, a date for the provision of the Payment Instructions File; - identify and assign the appropriate and necessary resources including a contact person for the Payout Process; - prepare, test and secure the Exchange Mechanism for its part including through a test Payment Instructions File, to ensure the integrity of the Payment Instructions File transfer; - send the Payment Instructions File with accurate data through the Exchange Mechanism; - validate and transmit to the Host DGS the contents, tools and instructions for the communication with Host Depositors and media as defined in the Provision 12 hereinafter; - send the Payout Amount to the Host DGS in line with the process set forth in Provision 14; - handle and assess claims received from Host Depositors at Branch; - take all decisions in relation to the Compensation Claims; - take all decisions related to Temporary High Balances and provide the relevant information to the Host DGS for the completion of the Repayment; and - reimburse all Costs incurred by the Host DGS as required in the conditions defined in Provision 14. If any duties are necessarily required to be performed by the Home DGS for the proper performance of the Payout Process regardless or whether they are specifically described herein, they shall be deemed implied by an inclusion in the scope of the Home DGS’s duties.
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Related to The Home DGS’s duties

  • Contractor’s Duties The Contractor shall perform all duties described in this Contract to the satisfaction of the State. Representations and Warranties Under Minn. Stat. §§ 15.061 and 16C.03, subd. 3, and other applicable law the State is empowered to engage such assistance as deemed necessary. Contractor warrants that it is duly qualified and shall perform its obligations under this Contract in accordance with the commercially reasonable standards of care, skill, and diligence in Contractor’s industry, trade, or profession, and in accordance with the specifications set forth in this Contract, to the satisfaction of the State. Contractor warrants that it possesses the legal authority to enter into this Contract and that it has taken all actions required by its procedures, by-laws, and applicable laws to exercise that authority, and to lawfully authorize its undersigned signatory to execute this Contract, or any part thereof, and to bind Contractor to its terms.

  • Extra Duties The Trustee shall be entitled to refuse to approve any Substituted Obligor if, pursuant to the law of the jurisdiction of incorporation of the Substituted Obligor, the assumption by the Substituted Obligor of its obligations hereunder imposes responsibilities on the Trustee over and above those which have been assumed under this Trust Deed.

  • Public Duties 7.11.1 An employer will grant a leave of absence without pay to an employee to engage in election campaign activities in a municipal, provincial or federal election to a maximum of ninety (90) days. Such leaves will not be unreasonably denied.

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