Common use of Purposes and Functions Clause in Contracts

Purposes and Functions. 1. The purposes for which the Facility is established are: (i) To provide legal advice and services to African countries in creditor litigation; (ii) To provide technical legal assistance to African countries to strengthen their legal expertise and negotiating capacity in matters pertaining to: A. debt management and litigation; B. natural resources and extractive industries management and contracting; C. investment agreements; and D. related commercial and business transactions, as the case may be; (iii) To strengthen legal capacity building process in African countries. 2. To serve its purposes, the Facility shall carry out the following functions and activities: (i) identification of legal expertise on creditor litigation; debt management; as well as the case may be in extractive industries and other natural resources management and contracting; investment agreements; (ii) provision of financing to African member states of the Facility to assist them with actual creditor litigation and negotiations of complex commercial transactions where should states shall be willing and able to reimburse the Facility for the latter services; (iii) investing in and organizing the training of legal counsel from African member states of the Facility to equip them with legal expertise necessary to address creditor/vulture fund litigation;; (iv) provision of technical legal assistance, other than actual litigation services, to African member states of the Facility; (v) establishing and maintaining a list of specialized law firms and legal experts to represent African member states of the Facility in creditor litigation and, as the case may be, negotiations of complex commercial transactions; (vi) developing a database and systems for making available and retrieving precedents in creditor litigation cases involving sovereign debtors; (vii) promoting an understanding, among African countries, of issues concerning identification and resolution of creditor litigation involving sovereign debtors against vulture funds, and, as the case may be, negotiations of complex commercial transactions, especially natural resource contracts; and (viii) conducting such other related functions or activities as may advance the purpose of the Facility.

Purposes and Functions. 1. The purposes for which the Facility is established are: (i) To provide legal advice and services to African countries in creditor litigation; (ii) To provide technical legal assistance to African countries to strengthen their legal expertise and negotiating capacity in matters pertaining to: A. to debt management and litigation; B. ; natural resources and extractive industries management and contracting; C. ; investment agreements; and D. and related commercial and business transactions, as the case may be; (iii) To strengthen legal capacity building process in African countries. 2. To serve its purposes, the Facility shall carry out the following functions and activities: (i) identification of legal expertise on creditor litigation; debt management; as well as the case may be in extractive industries and other natural resources management and contracting; investment agreements; (ii) provision of financing to African member states of the Facility to assist them with actual creditor litigation and negotiations of complex commercial transactions where should states shall be willing and able to reimburse the Facility for the latter services; (iii) investing in and organizing the training of legal counsel from African member states of the Facility to equip them with legal expertise necessary to address creditor/vulture fund litigation;; (iv) provision of technical legal assistance, other than actual litigation services, to African member states of the Facility; (v) establishing and maintaining a list of specialized law firms and legal experts to represent African member states of the Facility in creditor litigation and, as the case may be, negotiations of complex commercial transactions; (vi) developing a database and systems for making available and retrieving precedents in creditor litigation cases involving sovereign debtors; (vii) promoting an understanding, among African countries, of issues concerning identification and resolution of creditor litigation involving sovereign debtors against vulture funds, and, as the case may be, negotiations of complex commercial transactions, especially natural resource contracts; and (viii) conducting such other related functions or activities as may advance the purpose of the Facility.