ASEAN Food Security Reserve definition

ASEAN Food Security Reserve means the sum total of the basic food stocks, particularly rice, maintained by each ASEAN Member Country within its national borders as a matter of national policy which includes commitment to the ASEAN Emergency Rice Reserve.
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ASEAN Food Security Reserve means the sum total of the basic food sto ck s , particularly r ic e , maintained by each ASEAN Member Country within its national borders as a matter o f national policy which includes commitment to the ASEAN Emergency Rice R eserve, ARTICLE HI COORDINATION OF NATIONAL FOOD STOCK POLICIES AND OF NATIONAL FOOD RESERVES
Sample 1

Examples of ASEAN Food Security Reserve in a sentence

  • The ASEAN Food Security Reserve Board shall circulate the said information to the Member Countries.

  • For the purpose of providing supervision and coordination in the implementation of the ASEAN Food Security Reserve, the Governments of ASEAN Member Countries hereby agree to establish an ASEAN Food Security Reserve Board, hereinafter referred to as "the Board".

  • The Governments of the ASEAN Member Countries hereby agree to establish the ASEAN Food Security Reserve.

  • For the effective functioning of the undertakings contained in Article III and IV, the Government of ASEAN Member Countries agree to furnish to the ASEAN Food Security Reserve Board referred to in Article VIII, on a regular basis information on government stockholding policies.

  • The Governments of the ASEAN Member Countries shall coordinate in conformity with their institutional and constitutional requirements, national food stock policies which take into account the policies of other ASEAN Member Countries and which together will result in maintaining a minimum safe level for the ASEAN Food Security Reserve.

  • Agreement on the ASEAN Food Security Reserve, New York, 4 October 1979.

  • In other states in which Qwest has presented evidence of non-impaired wire centers to add to the non- impaired wire center list based on the number of business lines, Qwest has also submitted an affidavit of its business line witness, Robert Brigham.

  • Undertake a periodic evaluation of the food situation and prospects in the ASEAN region as well as worldwide, including trade, prices, quality and stocks of basic food commodities (such as rice, maize and sugar) through the ASEAN Food Security Reserve Board (AFSRB) as focal point, as well as AFSIS and APTERR in coordinating with relevant Working Groups (food, crops, livestock, fisheries and forestry) under SOM AMAF.

  • A state enterprise, Green Trade Company (GTC), has responsibility for purchasing rice on behalf of the State, including the purchase and storage of rice reserves required under the ASEAN Food Security Reserve Agreement.

  • An ASEAN Food Security Reserve Board was established whose duties included managing a regional emergency rice reserve, the periodic evaluation of the ASEAN food situation and providing information of food security policy development in the member countries.

Related to ASEAN Food Security Reserve

  • Availability Reserve means without duplication, (a) the Rent and Charges Reserve; (b) the Hedge Product Reserve, (c) the Banking Services Reserve; provided that reserves of the type described in this clause (c) shall be instituted only after consultation with the Lead Borrower; (d) the Priority Payable Reserve; (e) the GST, HST Tax Reserve; (f) the Royalty Reserve; and (g) such additional reserves not otherwise addressed in clauses (a) through (f) above, in such amounts and with respect to such matters, as the Administrative Agent in its Permitted Discretion may elect to establish or modify from time to time. Notwithstanding anything to the contrary in this Agreement, (i) such Availability Reserves shall not be established or changed except upon not less than five (5) Business Days’ (or such shorter period as may be agreed by the Lead Borrower) prior written notice to the Lead Borrower, which notice shall include a reasonably detailed description of such applicable Availability Reserve being established (during which period (a) the Administrative Agent shall, if requested, discuss any such Availability Reserve or change with the Lead Borrower and (b) the Lead Borrower may take such action as may be required so that the event, condition or matter that is the basis for such Availability Reserve or change thereto no longer exists or exists in a manner that would result in the establishment of a lower Availability Reserve or result in a lesser change thereto, in a manner and to the extent reasonably satisfactory to the Administrative Agent), (ii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall be limited to such Availability Reserve or changes as the Administrative Agent determines in its Permitted Discretion to be necessary (a) to reflect items that could reasonably be expected to adversely affect the value of the applicable Eligible Accounts or Eligible Inventory or (b) to reflect items that could reasonably be expected to adversely affect the enforceability or priority of the Administrative Agent’s Liens on the applicable Collateral, and (iii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall have a reasonable relationship to the event, condition or other matter that is the basis for such Availability Reserve, criteria, rate or such change; provided that (x) no Availability Reserves may be established after the Closing Date based on circumstances, contingencies, events, conditions or matters known to the Administrative Agent as of the Closing Date for which no Availability Reserve was imposed on the Closing Date or criteria included in the definitions of Eligible Accounts or Eligible Inventory, in each case, as in effect on the Closing Date, unless such events, conditions or matters have changed in any material adverse respect since the Closing Date, (y) in no event shall any Availability Reserve with respect to any component of the Borrowing Base duplicate any Availability Reserve or adjustment already accounted for in determining eligibility criteria (including collection and/or advance rates) and (z) no Availability Reserve shall be imposed on the first 5% of dilution of Accounts and thereafter no dilution Availability Reserve shall exceed 1% for each incremental whole percentage in dilution over 5% (it being agreed that partial percentage point reserves are permitted (e.g., a reserve for 0.1 percentage points where dilution is 5.1%). Notwithstanding clause (i) of the preceding sentence, changes to the Availability Reserves solely for purposes of correcting mathematical or clerical errors (and such other changes as are otherwise agreed to by the Lead Borrower) shall only be subject to a notice period of one (1) Business Day, it being understood that no Default or Event of Default shall be deemed to result therefrom, if applicable, for a period of five (5) Business Days.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Inventory Reserve means reserves established by the Administrative Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.