Framework Agreement definicija

Framework Agreement has the meaning given in Recital (e). "Guide to Procurement" means the Guide to Procurement published on EIB’s website that informs the promoters of projects financed in whole or in part by the EIB of the arrangements to be made for procuring works, goods and services required for the Project. "ILO" means the International Labour Organisation. "ILO Standards" means any treaty, convention or covenant of the ILO signed and ratified by or otherwise applicable and binding on the Republic of Serbia, and the Core Labour Standards (as defined in the ILO Declaration on Fundamental Principles and Rights at Work). "Indemnifiable Prepayment Event" means a Prepayment Event other than those specified in paragraphs 4.3.A(2) or 4.3.A(4). "Interest Revision/Conversion" means the determination of new financial conditions relative to the interest rate, specifically the same interest rate basis ("revision") or a different interest rate basis ("conversion") which can be offered for the remaining term of a Tranche or until the next Interest Revision/Conversion Date. "Interest Revision/Conversion Date" means the date, which shall be a Payment Date, specified by the Bank pursuant to Article 1.2.C in the Disbursement Offer. "Interest Revision/Conversion Proposal" means a proposal made by the Bank under Schedule D. "Interest Revision/Conversion Request" means a written notice from the Borrower, delivered at least 75 (seventy-five) days before an Interest Revision/Conversion Date, requesting the Bank to submit to it an Interest Revision/Conversion Proposal. The Interest Revision/Conversion Request shall also specify:

Framework Agreement has the meaning given in Recital (d). "Guide to Procurement" means the Guide to Procurement published on EIB’s website2 that informs the promoters of projects financed in whole or in part by the EIB of the arrangements to be made for procuring works, goods and services required for the Project.

Framework Agreement has the meaning given to it in Recital (i). "Indemnifiable Prepayment Event" means a Prepayment Event other than those specified in paragraphs 4.3.A(2) or 4.3.A(4). "Interest Revision/Conversion" means the determination of new financial conditions relative to the interest rate, specifically the same interest rate basis ("revision") or a different interest rate basis ("conversion") which can be offered for the remaining term of a Tranche or until a next Interest Revision/Conversion Date, if any, for an amount which, at the proposed Interest Revision/Conversion Date, is not less than EUR 10,000,000 (ten million euros) or the equivalent thereof. "Interest Revision/Conversion Date" means the date, which shall be a Payment Date, specified by the Bank pursuant to Article 1.2.B in the Disbursement Offer or pursuant to Article 3 and Schedule D. "Interest Revision/Conversion Proposal" means a proposal made by the Bank under Schedule D. "Interest Revision/Conversion Request" means a written notice from the Borrower, delivered at least 75 (seventy-five) days before an Interest Revision/Conversion Date, requesting the Bank to submit to it an Interest Revision/Conversion Proposal. The Interest Revision/Conversion Request shall also specify:

Examples of Framework Agreement in a sentence

• The Republic of Serbia (formerly Federal Republic of Yugoslavia) is one of the countries listed in the Decision No. 633/2009/EC and, on 11 May 2009, concluded with the Bank a Framework Agreement governing the Bank’s activities in the territory of the Republic of Serbia (hereinafter the “Framework Agreement”).

• The financing provided pursuant to the Finance Contract falls under the scope of the Framework Agreement.

• This Framework Agreement shall enter into force thirty (30) days after the date of receipt of the last notification by which the Parties inform each other that all internal procedures necessary for its entry into force were fulfilled.

• This Framework Agreement shall be concluded for a period of five (5) years, with the possibility of its automatic renewal for a further five-(5)-year term, unless one of the Parties notifies the other Party, in writing or through diplomatic channels, about its intention not to renew the Agreement, at least three (3) months prior the date of expiry of the specified period.

• Unless otherwise agreed by the Parties, cancellation of this Framework Agreement shall not affect the implementation of programs, projects and activities already underway.

• In order to ensure that the funds are used in accordance with the applicable rules, the European Commission shall apply clearance-of-accounts procedures or financial correction mechanisms in accordance with Article 53c (2) of the Einancial Regulation and as detailed in the Framework Agreement concluded between the European Commission and Croatia.

• The Republic of Serbia and the Bank concluded on 11 May 2009 a framework agreement governing the Bank’s activities in the territory of the Republic of Serbia (the "Framework Agreement").

• Fees for payment transaction services are variable and, in case of a change in the fees, the Bank will notify the User 2 (two) months before the start of implementation of changes, fully in accordance with the provisions of the General Terms for Amendments and Supplements to the Framework Agreement.

• This Framework Agreement has been ratified by law adopted on 3 May 2001 by the Croatian Parliament as published in the Croatian official gazelte »Narodne novine – international agreements« No. 6/2001.

• As discussed on the various meetings during 2022 between the Republic of Serbia and the Bank, the Republic of Serbia requested the financing of the Project (as defined above), as such the present project falls within the scope of the Framework Agreement.

More Definitions of Framework Agreement

Framework Agreement has the meaning given to it in Recital (4). "Habitats Directive" means Directive 92/43/EEC, as amended and/or supplemented from time to time. "Indemnifiable Prepayment Event" means a prepayment event under Article 4.03A other than paragraphs 4.03A(1) and 4.03A(2). "Interest Revision/Conversion Date" means the date, being a Payment Date, specified by the Bank pursuant to Article 1.02B in the Disbursement Notice or pursuant to Article 3 and Schedule D. "Interest Revision/Conversion Proposal" means a proposal made by the Bank under Schedule D, for an amount which, at the proposed Interest Revision/Conversion Date, is not less than EUR 10.000.000 (ten million euros) or the equivalent thereof. "Interest Revision/Conversion Request" means a written notice from the Borrower, delivered at least 75 (seventy-five) days before an Interest Revision/Conversion Date, requesting the Bank to submit to it an Interest Revision/Conversion Proposal. The Interest Revision/Conversion Request shall also specify:

Framework Agreement has the meaning given in Recital (e). "GAAP" means generally accepted accounting principles in the Republic of Serbia. "Guide to Procurement" means the Guide to Procurement published on EIB’s website1 that informs the promoters of projects financed in whole or in part by the EIB of the arrangements to be made for procuring works, goods and services required for the Project.