Definicija Framework Agreement

Framework Agreement has the meaning given in Recital (e).

Framework Agreement means the agreement to be entered into between the Borrower, through MCTI, and a Participating LSG pursuant to Schedule 2, Section I(C)(1) of this Agreement.

Framework Agreement has the meaning given in Recital (e). „GAAP” means generally accepted accounting principles in the Republic of Serbia.

Examples of Framework Agreement in a sentence

• No amendment may be made to the Framework Agreement unless expressly agreed in writing between the Parties.

• The Borrower shall pay any outstanding interest under Clause 6.3 (Late payment and default interest) of the Framework Agreement immediately on demand by the Lender or on each Payment Date following the due date for the outstanding payment.

• Any notice of prepayment or cancellation given by a Party pursuant to Clause 10 (Prepayment and Cancellation) of the Framework Agreement shall be irrevocable, and, unless otherwise provided in a Finance Document, any such notice shall specify the date or dates on which the relevant prepayment or cancellation is to be made and the amount of that prepayment or cancellation.

• The Schedules annexed to the Framework Agreement and the recitals hereof form part of the Framework Agreement and have the same legal effect.

• Subject to Clause 16.7 (Payment Systems Disruption ) of the Framework Agreement, if each of the conditions set out in Clause 4.4 (Conditions Precedent) of the Framework Agreement and if applicable, in the relevant Specific Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date.

• The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Part II (Form of Confirmation of Drawdown and rate) of Schedule 4 (Forms for the Drawdowns under a Credit) of the Framework Agreement.

• If the Framework Agreement is translated into another language, the English version shall prevail in the event of any conflicting interpretation or in the event of a dispute between the Parties.

• Any dispute arising out of or in connection with the Framework Agreement shall be referred to and finally settled by arbitration under the Rules of Conciliation and Arbitration of the International Chamber of Commerce applicable on the date of commencement of arbitration proceedings, by one or more arbitrators to be appointed in accordance with such Rules.

• However, without prejudice to Clause 6.3 (Late payment and default interest) of the Framework Agreement, no Event of Default will occur under this paragraph (a) if such payment is made in full by the Borrower within five (5) Business Days of the due date.

• Words and expressions used in the Framework Agreement shall be construed pursuant to the provisions of Schedule 2 (Definitions & Construction) of the Framework Agreement, unless a contrary indication appears.

More Definitions of Framework Agreement

Framework Agreement has the meaning given to it in Recital (E). ”Free Quota” has the meaning given to it in Article 1.01. ”GAAP” means generally accepted accounting principles in the Republic of Serbia, including IFRS.

Framework Agreement means an agreement which meets the criteria set forth in Article 3, first paragraph, point (20) of the Public Procurement Law. “General Conditions” means the “International Bank for Reconstruction and Development General Conditions for Loans”, dated March 12, 2012, with the modifications set forth in Section II of this Appendix. “Human Resource Management Service” means the Borrower’s entity in charge of managing human resources in ministries, special organizations, services of the Government and support services of administrative districts, established and operating pursuant to the Borrower’s Regulation on establishment of Human Resources Management Service, published in the Borrower’s Official Gazette No106/2005, as amended through the Borrower’s Decision on Amending Regulation on establishment of Human Resources Management Service published in the Borrower’s Official Gazette No 109/2009, or any legal successor thereto. “Indirect Budget Beneficiaries” has the meaning ascribed to the term under the Law on Budget System. “Issuance of Bidding Documents” means the posting of tender documents on the Public Procurement Portal, pursuant to Article 62 of the Public Procurement Law.

Framework Agreement means an agreement which meets the criteria set forth in Article 3, first paragraph, point (20) of the Public Procurement Law.