of the GC Sample Clauses

of the GC. The decision to entrust tasks to implementing partners should be mentioned in the section 6.7 of the Single Form. The partner does not need to indicate all implementing partners, but it can decide which implementing partners to present in the Single Form. It will depend on the role played by the implementing partners in the action. To take this decision, the partner will consider the need to ensure transparency towards ECHO, the share of the budget managed by the IPs in question, the level of the involvement of the IPs in the action and the type of action. The partner should however remain reasonable as regard to the level of details provided in the Single Form, both as regard to the number of implementing partner presented and quantity of information. In the Single Form, the partner will present and explain: • The prospect of having recourse to implementing partners; • The estimated budget share that would be allocated to the activities carried out by implementing partners. (N.B. There is no minimum or maximum limit regarding the budget share that can be allocated to implementing partners. It is possible in some cases to entrust tasks forming part of the action to an IP which is allocated 0% of the budget. However, the partner is obliged to retain full control of the implementation of the action. ) Signing a Memorandum of Understanding (or equivalent) with the implementing partners is essential to clarify the rights and obligations from the outset. The partner is able to add or remove implementing partners unilaterally in the Single Form, as this is considered a non-essential operational change. However, if the partner considers that there would be significant operational consequences from removing an IP, or if the partner is aware that adding an IP may raise problems in terms of compliance with the humanitarian principles, it is obliged to contact ECHO under its duty of full information sharing foreseen in Article 5 of the General Conditions. Partners should ensure full access to documents of the Implementing partners during audit at Headquarters. It is also important to remember that the partner remains fully responsible for all activities implemented by its implementing partners and shall ensure and guarantee an effective management and control of the whole action.
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Related to of the GC

  • of the Securities Act The Issuer agrees that, if it shall issue commercial paper after the date hereof in reliance upon such exemption (a) the proceeds from the sale of the Notes will be segregated from the proceeds of the sale of any such commercial paper by being placed in a separate account; (b) the Issuer will institute appropriate corporate procedures to ensure that the offers and sales of notes issued by the Issuer pursuant to the Section 3(a)(3) exemption are not integrated with offerings and sales of Notes hereunder; and (c) the Issuer will comply with each of the requirements of Section 3(a)(3) of the Securities Act in selling commercial paper or other short-term debt securities other than the Notes in the United States.

  • Of the Company To induce the Advisor to enter into this Agreement, the Company hereby represents and warrants that: (i) The Company is a corporation, duly organized, validly existing and in good standing under the laws of the State of Maryland with all requisite corporate power and authority and all material licenses, permits and authorizations necessary to carry out the transactions contemplated by this Agreement. (ii) The Company’s execution, delivery and performance of this Agreement have been duly authorized. This Agreement constitutes the valid and binding obligation of the Company, enforceable against the Company in accordance with its terms. The Company’s execution and delivery of this Agreement and its fulfillment of and compliance with the respective terms hereof do not and will not (i) conflict with or result in a breach of the terms, conditions or provisions of, (ii) constitute a default under, (iii) result in the creation of any lien, security interest, charge or encumbrance upon the assets of the Company pursuant to, (iv) give any third party the right to modify, terminate or accelerate any obligation under, (v) result in a violation of or (vi) require any authorization, consent, approval, exception or other action by or notice to any court or administrative or governmental body pursuant to, the Articles of Incorporation or Bylaws or any law, statute, rule or regulation to which the Company is subject, or any agreement, instrument, order, judgment or decree by which the Company is bound, in any such case in a manner that would have a material adverse effect on the ability of the Company to perform any of its obligations under this Agreement.

  • of the Act The Company will comply with the Act, the Rules and Regulations and the Securities Exchange Act of 1934 and the rules and regulations thereunder in connection with the offering and issuance of the Units.

  • of the Existing Credit Agreement Subsection 6.4(iii) of the Existing Credit Agreement is hereby amended and restated to read as follows:

  • of the Series Supplement The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in any REMIC elected in respect of the Trust Fund other than the "regular interests" and "residual interests" so designated.