DESCRIPTION OF THE ACTION Sample Clauses
The 'Description of the Action' clause defines and outlines the specific activities, tasks, or services that are to be performed under the agreement. It typically details the scope of work, deliverables, and any relevant timelines or milestones, ensuring all parties have a clear understanding of what is expected. By providing this detailed description, the clause helps prevent misunderstandings and disputes by clearly setting out the obligations and expectations for each party involved.
DESCRIPTION OF THE ACTION. On December 20, 2006, Plaintiff ▇▇▇▇▇ ▇▇▇▇▇ (together with Frenchola Holden and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇) (collectively, the “Named Plaintiffs”) filed this Action against Defendants GMAC Mortgage, LLC (“GMAC Mortgage”), GMAC Bank (now known, and hereinafter referred to, as Ally Bank), and Cap Re of Vermont, LLC (“Cap Re”) (collectively, “Defendants”) (Defendants together with the Named Plaintiffs, the “Parties”). The Action was filed as a proposed class action. Named Plaintiffs allege that the portions of the mortgage insurance premiums that certain non-party private mortgage insurance providers ceded to Cap Re were disguised kickbacks paid for the referral of private mortgage insurance business. Named Plaintiffs allege that Defendants’ conduct violated Section 8 of the federal Real Estate Settlement Procedures Act, 12 U.S.C. §§ 2601 et seq. On May 14, 2012, GMAC Mortgage and certain of its affiliates (collectively, the “Debtors”) filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code with the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). Pursuant to an order of the Bankruptcy Court, the Debtors’ chapter 11 cases are being jointly administered and are styled In re Residential Capital, LLC, No. 12- 12020-MG (the “Chapter 11 Cases”). On July 3, 2013, the Debtors and the Official Committee of Unsecured Creditors filed that certain Joint Chapter 11 Plan Proposed by Residential Capital, LLC, and the Official Committee of Unsecured Creditors (as may be modified, amended or supplemented from time to time, the “Chapter 11 Plan”). On November 19, 2013, the Bankruptcy Court commenced a hearing in connection with confirmation of the Chapter 11 Plan. A copy of the Chapter 11 Plan and related documents is available at ▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇. Defendants deny all of Named Plaintiffs’ claims and deny any wrongdoing and any liability to Named Plaintiffs or any Class Members, in any amount. Defendants contend that Named Plaintiffs’ claims have no merit and that Defendants would prevail in the Action. Class Counsel have investigated the facts and the applicable law regarding the matters raised in the Action. Class Counsel believe that the issues before the Court are complex and are further complicated by the pending Chapter 11 Cases. Given these complications and the uncertainty as to the outcome of the Action, there is a risk that Named Plaintiffs could recover nothing. Absent the Settlement, the Chapter...
DESCRIPTION OF THE ACTION. 31
2.1. Overall objective, specific objective(s), expected outputs and indicative activities 31
DESCRIPTION OF THE ACTION i print format A4 landscape Estimated eligible 1 costs (per budget category) EU contribution A. Direct personnel costs B. Direct costs of subcontracting [C .Direct costs of financial support] D. Other direct costs E. Indirect costs2 Total costs Reimburse ment rate%3 Maximum EU contribution4 Maximum grant amoun 5t
A.1 Emplyees (or equivalent) A.2 Natural persons under direct contract and seconded persons [C.1 Financial support] [C.2 Prizes] ▇.▇ ▇▇▇▇▇▇ ▇.▇ ▇▇▇▇▇▇▇▇▇ ▇.▇ Other goods and services 6 Cost form Actual Actual Unit Actual 7 Flat-rate 7% a b c d e =0,07 * (a + b + d) f = a+ b + c + d + e g h = g * f i 1. [short name partner] [short name affiliated entity not receivingfunding] [short name affiliated entity not receiving EUfunding Total partner 2. [short name partner] [short name affiliatedentity] Total partner X. [short name partner not receiving EU 8 funding] [short name affiliated9entity] Total consortium Action's estimated receipts Income generated by the action Financial contributions given by third parties to the partners Action’s totalreceipts j k l = j+k Additional information Estimated costs of partners/ affiliated entities not receiving EU funding m 1 See Article 5 SGA for the eligibility conditions. 2 The indirect costs claimed must be free of any amounts covered by an operating grant (received under any EU or Euratom funding programme). A partner that receives an operating grant during the duration of the action cannot claim any indirect costs for the year(s) covered by the operating grant (see Article 5.2.E SGA).
DESCRIPTION OF THE ACTION i print format A4 landscape
DESCRIPTION OF THE ACTION. The grant awarded aims at implementing the activities as they are described in the application form: Submitted by: […] For the project whose title is: […] Registered by the Executive Agency under the reference: […] Having received the contract number: […] Any change to the activities needs to be explicitly authorised by the Executive Agency.
DESCRIPTION OF THE ACTION. The purpose of the SIMSTAT-Pilot ESSnet project is for the preparation for exchange of micro-data on intra EU trade between Member States (MS) to enable the exchange of micro data (enterprise level) on intra-EU exports on trade in goods between Member States. So once the data exchange network is operational, the functioning of the system can be tested in a “production like” environment. SIMSTAT-Pilot ESSnet project members will evaluate all MS information on the compilation, production and dissemination of Intrastat trade statistics and find common agreements concerning a number of practical statistical aspects of the project which are common to all participants in the test. These agreements are required to be achieved in order to prepare for conduction the trial exchange of micro data in a coordinated way and to test the future IT system for micro-data exchange. The results of this project will influence the future of SIMSTAT micro data exchange and will be reported to Eurostat and the ESSC. The purpose of Work Package 4 (WP4) is: Designing the production timetable for the trial test adjusted to the production timetables of the MS’s and the current legal framework. The timetable should accommodate the impact of late responses and data corrections. WP4 is split into 3 sub task:
4.1: Draft proposal for the production timetable with regard to the future “production test” context where data transmission network will be used.
4.2: Proposal for the timing and practices of data extractions and data exchange in ESSnet context in order to simulate the future “production test” timetable.
DESCRIPTION OF THE ACTION. Europe’s economy is hugely dependent on the import of raw materials. Every year in the European Union (EU), nearly 15 tonnes of materials are used per person, while each EU citizen generates, on average, more than 4.5 tonnes of waste annually, almost half of which is disposed of in landfill sites. The circular economy is a response to the aspiration for sustainable growth in the context of the growing pressure of production and consumption on the world’s resources and environment. It can boost economy and competitiveness of the EU by bringing new business opportunities as well as innovative and more efficient ways of producing and consuming. The transition towards a circular economy gives us an opportunity to reinvent our economy and create new competitive advantages for the EU on a sustainable base. The use of waste material as a secondary resource is one of the first actions that businesses could consider to improve both their economic and environmental performance. Value chains are often cross border in nature and so require trans-border shipment of secondary resources. The International Green Deal NSRR aims to increase industry uptake of secondary resources by facilitating cross border use of secondary resources within the North Sea region in Europe. In this approach the central governments facilitates innovative and voluntary initiatives from society – businesses, non-governmental organizations (NGO’s) and local authorities – by supporting entry into networks or by addressing legal barriers if needed. This support is in principle not financial. This Green Deal approach empowers frontrunners by enabling new and ambitious developments that contribute to economic and environmental benefits (Circular Economy/Green Growth). The NSRR is based on voluntary, bottom up cases/initiatives – with a maximum of ten cases in total. Actions in Green Deals are specific (SMART), but are not legally enforceable. Companies and government participants will cooperate to identify barriers and consider solutions for a limited number of specific secondary resource cases between countries. These barriers are amongst others related to the “waste or resource” status and hamper cross border secondary resources optimization. The companies intend to increase investments related to secondary resource use in the case of solid solutions. The intention is to share the lessons learnt in the cases with stakeholders and other interested parties, with the objective of facilitating the move...
DESCRIPTION OF THE ACTION. 2.1 On July 25, 2006, Atmel announced that its audit committee had initiated an independent investigation “regarding the timing of Atmel stock option grants.” The investigation covered Atmel’s stock option grants between March 19, 1991, and August 3, 2006. In June 2007, Atmel restated its financial statements for the periods between 1993 and 2005 by approximately $116 million.
2.2 On July 27, 2006, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ filed a derivative action in the Federal Court against certain current and former officers and directors of Atmel (Action No. C06-04592). Three additional derivative actions were filed in the same court by ▇▇▇▇▇▇▇ ▇▇▇▇▇ (Action No. C06-4973), ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (Action No. C06-04680), and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (Action No. C08-01031). On October 4, 2006, these actions were consolidated under the caption In re Atmel Corp.
DESCRIPTION OF THE ACTION. The Scientific proposal from the grant application. Includes Activity plan.
DESCRIPTION OF THE ACTION. The grant is awarded for the action entitled Your Project Title as described in detail in the full proposal to ICDP, see Attachment 1. A budget plan and a provisional time schedule for the execution of the action under the direction of the grantee are given in Attachment 2.