Operational Principles Clause Samples

Operational Principles. We are also agreed that the actual preparation and conduct of checks should be based on the following principles: Visits by Commission representatives should be planned and completed in a collaborative manner between UN staff and Commission representatives, keeping in mind the commitment of both the UN and the Commission to the effective and efficient operation of their agreement. Visits should be co-ordinated and liaised by a specific unit of the UN organisation, designated as focal point to ensure efficient conduct of these undertakings. These missions are to be planned ahead and procedural matters are to be agreed upon by the Commission and the UN organisation concerned in advance. These essentially include such matters as timing and scope of the mission, questions the mission wishes to raise with management of the organisation, nature of financial information, level of sampling, and whether missions are to visit headquarters locations and/or field offices. All staff involved should bear in mind their limited resources in terms of availability and capacity in handling these visits. During the mission, Commission representatives will principally work with the senior UN staff responsible for the systems in question, who will ensure that the mission as agreed can be properly implemented. As part of the process of obtaining an assurance and understanding of control systems, Commission representatives may wish to confer with the organisation's internal audit function in order to understand the overall operation of the internal audit function. As part of the process of obtaining an assurance and understanding of control systems, Commission representatives may also wish to confer with the External Auditors of the organisation concerned, in order to understand the overall operation of the external audit function. Subject to considerations of confidentiality, original documents shall be shown to the mission to facilitate the check process. For the most part, copies of such documents will not be taken by the mission. However, requests for copies of such documents will be considered by the UN on a case-by-case basis and will be determined by the organisation’s management in consultation with, as necessary, its External Auditors. Initial and final meetings between the mission and the organisation's senior management are to be conducted at the start and end of the mission. The mission will offer to make a draft of its report available to the organisation's managemen...

Operational Principles. The operations of the Bank shall be conducted in accordance with the following principles: (i) The Bank may not take part in any operation whatsoever that is contrary to, or likely to restrict or modify, its purpose or functions. (ii) The Bank may not undertake any operation in an African country if the country concerned objects to it. (iii) The Bank shall apply generally accepted principles for development financing on favourable terms without jeopardizing its overall solvability. (iv) The Bank shall undertake its financing operations upon such terms as are deemed appropriate to the nature and circumstances of each operation. When determining the conditions governing its activities in the less developed African countries, the Bank shall give consideration to the prevailing condition in these countries, and their need for financing on more favourable terms. (v) In its financing operations, the Bank shall take into consideration the ability of the recipient, or, as the case may be, of the recipient’s guarantor to fulfill its obligations. (vi) The Bank shall take any necessary measures to ensure that the amounts of any finance granted are used exclusively for the purposes for which they were made available, due regard being paid to economy considerations in costs and to efficiency considerations in implementation. (vii) Any loan granted by the Bank to provide finance for a particular project shall be subject to public bid procedures in African and Arab countries for the procurement of goods and services produced in those countries. The Board of Directors may, whenever it deems it appropriate, authorize the purchase of goods and services from countries other than those mentioned, or through a method other than the public bid requirement.

Operational Principles. 1. The operations of the Bank shall be conducted in accordance with the following principles: a. i. The operations of the Bank shall, except in special circumstances, provide for the financing of specific projects, or groups of projects, particularly those forming part of a national or regional development programme urgently required for the economic or social development of its regional members. They may, however, include global loans to, or guarantees of loans made to, African national development banks or other suitable institutions, in order that the latter may finance projects of a specified type serving the purpose of the Bank within the respective fields of activities of such banks or institutions;

Operational Principles. These identify specific aspects of AEWA’s internal functioning that will be equally critical to achievement of all five strategic Objectives: ➢ Alignment of AEWA strategic documents and workplans – The AEWA Strategic Plan 2019-2027, the Plan of Action for Africa 2019-2027 and the workplans of the Technical Committee and Secretar- iat, including the Agreement’s Communication Plan, are fully aligned. AEWA’s mission: To undertake coordinated and concerted actions at flyway level for the conservation of migratory waterbirds and their habitats.1 Goal of the Strategic Plan 2019–2027: To maintain migratory waterbird species and their populations in a favourable conservation status or to restore them to such a status throughout their flyways.2 Purpose of the Strategic Plan 2019–2027: By 2027 the status of AEWA populations3 is improved. Purpose-level indicators (These six indicators with their associated target thresholds are for use in monitoring the degree to which the overall Purpose of the Strategic Plan is being met. They are complemented by the target-level indicators listed under each Objective of the Strategic Plan.) Explanatory information and current baseline

Operational Principles. The operations of the Corporation shall be conducted in accordance with the following principles: (i) The Corporation shall not undertake any financing for which in its opinion sufficient private capital could be obtained on reasonable terms: (ii) The Corporation shall not finance an enterprise in the territories of any member if the member objects to such financing: (iii) The Corporation shall impose no conditions that the proceeds of any financing by it shall be spent in the territories of any particular country: (iv) The Corporation shall not assume responsibility for managing any enterprise in which it has invested: (v) The Corporation shall undertake its financing on terms and conditions which it considers appropriate, taking into account the requirements of the enterprise, the risks being under- taken by the Corporation and the terms and conditions normally obtained by private investors for similar financing: (vi) The Corporation shall seek to revolve its funds by selling its investments to private investors whenever it can appropriately do so on satisfactory terms: (vii) The Corporation shall seek to maintain a reasonable diversi- fication in its investments.

Operational Principles. The operations of the Corporation shall be conducted in accordance with the following principles: (i) the Corporation shall not undertake any financing for which in its opinion sufficient private capital could be obtained on reasonable terms; (ii) the Corporation shall not finance an enterprise in the territories of any member if the member objects to such financing; (iii) the Corporation shall impose no conditions that the proceeds of any financing by it shall be spent in the territories of any particular country; (iv) the Corporation shall not assume responsibility for managing any enterprise in which it has invested and shall not exercise voting rights for such purpose or for any other purpose which, in its opinion, properly is within the scope of managerial control4; (v) the Corporation shall undertake its financing on terms and conditions which it considers appropriate, taking into account the requirements of the enterprise, the risks being undertaken by the Corporation and the terms and conditions normally obtained by private investors for similar financing;

Operational Principles. The operations of the Bank shall be conducted in accordance with the following principles: the Bank shall apply sound banking principles to all its operations, ensure adequate remuneration and have in due regard the risks involved; the Bank shall not finance any undertaking in the territory of a member if that member objects to such financing; in preparing any country program or strategy, financing any project or by making designation or reference to a particular territory, or geographic area in its documents, the Bank will not deem to have intended to make any judgment as to the legal or other status of any territory or area; the Bank shall not allow a disproportionate amount of its resources to be used for the benefit of any member. The Bank shall seek to maintain reasonable diversification in all of its investments; the Bank shall place no restriction upon the procurement of goods and services from any country member from the proceeds of any loan, investment or other financing undertaken in the ordinary or special operations of the Banks, and shall, in all appropriate cases, make its loans and other operations conditional on invitations to all member countries to tender being arranged; the proceeds of any loan, investment or other financing undertaken in the ordinary operations of the Bank or with Special Funds established by the Bank shall be used only for procurement in member countries of goods and services produced in member countries, except in any case in which the Board of Directors determines to permit procurement in a non-member country of goods and services produced in a non-member country in special circumstances making such procurement appropriate; the Bank shall take the necessary measures to ensure that the proceeds of any loan made, guaranteed or participated in by the Bank, or any equity investment, are used only for the purposes for which the loan or the equity investment was granted and with due attention to considerations of economy and efficiency.

Operational Principles provides that the operations of the Bank shall be conducted in accordance with the following principles:

Operational Principles. The Parties shall operate the Business following the Closing in accordance with the Operational Principles as set forth in Schedule 4.16 (the “Operational Principles”).