Negative list Clause Samples

A negative list clause defines what is excluded from a particular agreement, obligation, or permission by explicitly listing items, actions, or categories that are not allowed or not covered. In practice, this means that anything not specifically mentioned in the negative list is permitted or included, while only the listed items are restricted or prohibited. For example, a contract might allow all types of business activities except those specifically named in the negative list, such as gambling or tobacco sales. The core function of a negative list is to provide clarity and certainty by clearly delineating boundaries, reducing ambiguity about what is and is not permitted under the agreement.
Negative list. The goods referred to in subparagraph (a)(i) of Section 2.04 hereinabove are included in the following groups and sub-groups of the United Nations Standard International Trade Classification (SITC)1, including any amendment that may be made to these groups or sub-groups and of which the Bank shall notify the Borrower: GROUPS SUB-GROUPS DESCRIPTION OF ITEM 112 - Alcoholic beverages 121 - Tobacco, unmanufactured tobacco refuse 122 - Tobacco, manufactured (whether or not containing tobacco substitutes) 525 - Radioactive and associated materials 667 - Pearls, precious and semi-precious stones, worked or unworked 718 718.7 Nuclear reactors, and parts thereof, fuel elements (cartridges), non- irradiated for nuclear reactors 897 897.3 Gold, silver or platinum jewelry (except watches, and watch cases) and goldsmiths' or silversmiths' wares (including set gems) 971 - Gold, non-monetary (excluding gold ores and concentrates)
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Negative list. No withdrawals shall be made for the following:
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Negative list. No withdrawals of the Loan proceeds shall be made for the following:
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Negative list. No proceeds of the Loan shall be used to finance expenditures involving or likely to involve: (i) the manufacture or use of environmentally hazardous goods (including asbestos, pesticides and herbicides), arms or drugs; (ii) the production, processing, handling, storage or sale of tobacco or products containing tobacco; (iii) activities within a nature reserve or any other area designated by the Borrower for the management and/or the protection of biodiversity, except with the prior written approval of the Borrower’s agency responsible for the management and/or protection of such area; (iv) over-exploitation of water resources and/or contamination of domestic water supplies; or (v) the provision of goods, works or services, directly or through intermediaries, by suppliers or contractors, as the case may be, who have been declared ineligible to participate in the procurement of any Bank-financed contract, whether indefinitely or for a stated period of time, as a result of a decision of the Bank’s Sanctions Committee, but only to the extent that such sanction remains valid and applicable, according to the terms of the decision. No proceeds of the Loan shall be made available to finance the salaries of civil servants of the Borrower.
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Negative list. The Government will ensure that the CFI negative list (to be captured in regulations) excludes activities that carry a high risk of negative outcomes on the environment or local communities. In particular, the negative list will rule out: – Establishing vegetation on land cleared of native vegetation since 1 July 2007. This will remove the risk of a perverse incentive to clear native vegetation in order to establish a carbon forest. – Establishing a known weed species. This will remove the risk that invasive species will be part of carbon projects. – Establishing forest in conditions where it would risk impacts on the availability of water. This will remove the risk that carbon plantings will affect environmental flows or other water users. – Establishing a forest as part of a Managed Investment Scheme. This will reduce the risk of distortions to markets for agricultural land. • The Government will consult with regional catchment bodies and local government on each new methodology that is developed for the CFI with the aim of ensuring that local areas are aware of the implications of CFI projects being implemented in their areas. • The Government will require that CFI projects involving forest conservation (logging cessation projects) in the publicly owned native forest estate take account of carbon leakage risk. • Project proponents will be required to include emissions from logging in the forest estate for which they have operational control as part of the accounting for the CFI project. In addition, proponents will be subject to discounting to account for the risk of leakage to other parts of the native forest estate for which they do not have operational control, in line with a methodology to be developed in consultation with stakeholders. • Investment in the commercialisation and deployment of renewable energy, energy efficiency and low emissions technologies, and the transformation of existing manufacturing businesses to re-focus on meeting demand for inputs for these sectors.
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Negative list. Under a negative list approach, all sectors and measures covering trade in services or investment must be liberalized unless otherwise specified in annexes containing reservations or a list of non-conforming measures. A non-conforming measure is any law, regulation, procedure, requirement or practice which violates certain articles of the related investment agreement. For example, a law prohibiting an investor of another member country from owning a factory does not conform to the article on national treatment. The reserved non-conforming measures are exemptions from market ac- cess, national treatment and most-favoured-nation treatment for investment and cross-border trade in services set out in Art. 8.18 and Annex 8-B1 for current reservations and Annex 8-B2 for future reservations. The Japanese reservations can be found in Annex 8-B1 on pages 228 et seq. and in Annex 8B-2 on pages 167 et seq. (English versions). These measures are mainly regulatory requirements for foreign service providers and investors such as pre-information duties and screening procedures; requirements for obtain- ing permits, authorizations and licenses; requirements for the establishment of a company or office; requirements for the establishment of legal entities; and requirements for registration. Access to the professions of notary and pilot is linked to Japanese citizenship. Future reservations relate to state measures restricting financial services, participation in state-owned enter- prises, supply of telegraphic services, betting and gambling services, manu- facture of tobacco products, production of Bank of Japan banknotes, coin- age and postal services in Japan, and technically novel services, as well as other measures in specific sectors mentioned therein.
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Related to Negative list

  • Statutory Financial Statements The Company and its Subsidiaries have made available to the Buyer true, complete and correct copies of the quarterly statutory financial statement for the quarterly periods ending March 31, 2015 and June 30, 2015 and the annual statutory financial statements for the years ended December 31, 2010, December 21, 2011, December 31, 2012, December 31, 2013 and December 31, 2014, as filed with the insurance Governmental Authorities of the jurisdictions in which is does business, and audited statutory financial statements as of the periods ended December 31, 2010, December 31, 2011, December 31, 2012, December 31, 2013 and December 31, 2014, as filed with its domestic insurance Governmental Authority, together, in each case, with the applicable exhibits, schedules, interrogatories (including the property and casualty reinsurance interrogatories), actuarial opinions, actuarial summaries and notes thereto and any affirmations and certifications filed therewith (collectively, the “Statutory Financial Statements”). The Statutory Financial Statements fairly present in all material respects the financial position and results of operations of the applicable Acquired Companies as of the respective dates thereof and for the respective periods set forth therein, in each case in accordance with then in effect Statutory Accounting Principles consistently applied. The representations and warranties in this Section 3.4(b) shall not be deemed to be breached as a result of any substantive change in Statutory Accounting Principles, in their interpretations, or Law after the date of this Agreement. All Statutory Financial Statements required to be filed with or submitted to the insurance Governmental Authorities in the states in which the Insurance Company Subsidiary does business have been filed or submitted, as applicable. The Statutory Financial Statements comply in all material respects, on their respective dates of filing or submission, with the Laws of their respective states of domicile and no material deficiency of any nature has been asserted with respect to such Statutory Financial Statements by any Governmental Authority which has not been cured, waived or otherwise resolved to the satisfaction of any such Governmental Authority. None of the Acquired Companies had, at the relevant balance sheet date of each balance sheet included in the Statutory Financial Statements, any liabilities or obligations of any nature (whether accrued, absolute, contingent or otherwise) that would be required to be reflected or reserved against on a balance sheet prepared in accordance with Statutory Accounting Principles and none have arisen since such date through the date of this Agreement, except in each case for liabilities or obligations (i) reflected in the Statutory Financial Statements, (ii) contemplated by or under this Agreement or incurred in connection with the transactions contemplated hereby, (iii) incurred in the Ordinary Course of Business, or (iv) incurred outside the Ordinary Course of Business that individually, in the case of this subsection (iv) only, do not exceed $100,000, or in the aggregate, in the case of this subsection (iv) only, do not exceed $250,000. The statutory balance sheets and income statements have been audited by KMPG LLP and the Company has made available true and complete copies of auditor opinions related thereto. The Company has delivered to the Buyer copies of all letters from the Company’s auditors to the Company’s Board of Directors or audit committee thereof relating to the Statutory Financial Statements during the 36 months prior to the date of this Agreement, together with copies of all responses thereto.

  • Monthly Report A. A Monthly Report shall be submitted within ten (10) calendar days of the end of each calendar month of the Period of Operation. Each Monthly Report shall be signed, dated, and certified by Concessionaire, Concessionaire’s Bookkeeper, or Accountant, and contain a Statement of Total Gross Receipts, excluding New Jersey State Sales Tax, derived by Concessionaire from operation of the Concession during the previous month. Each Monthly Report shall be based on the daily “Z” tapes or Point-of-Service (POS) device equivalent for that same month showing each day’s sales activity. Failure on the part of Concessionaire to provide the Monthly Report, when due, shall constitute a material breach of this Agreement subject to Suspension of Operations and/or Termination, in accordance with the terms and conditions set forth in Paragraphs 9 and 10. Concessionaire shall provide Department with any additional written clarification and/or information necessary to confirm the accuracy of any or all of Concessionaire’s Monthly Reports. B. The signed, dated and certified Monthly Report must be submitted, in the Department- approved format, within ten (10) calendar days of the end of each calendar month of the Period of Operation.

  • Monthly Investor Report On each Payment Date, the Indenture Trustee will deliver the Monthly Investor Report to each Noteholder of record as of the most recent Record Date (which delivery may be made by e-mail to the e-mail addresses in the Note Register without need for confirmation of receipt or by making the report available to the Noteholders through the Indenture Trustee’s website, which initially is located at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇).

  • Monthly Financial Statements As soon as available, but no later than thirty (30) days after the last day of each month, a company prepared consolidated balance sheet and income statement covering Borrower’s consolidated operations for such month certified by a Responsible Officer and in a form acceptable to Bank (the “Monthly Financial Statements”);

  • Four-Digit Date Compliance If this Agreement includes the purchase of systems, software, or instrumentation with imbedded chips, this section is applicable. Contractor represents and warrants that it will provide only Four-Digit Date Compliant deliverables and services to the JBE. “Four-Digit Date Compliant” deliverables and services can accurately process, calculate, compare, and sequence date data, including date data arising out of or relating to leap years and changes in centuries. This warranty and representation is subject to the warranty terms and conditions of this Agreement and does not limit the generality of warranty obligations set forth elsewhere in this Agreement.