Regulatory Principles Sample Clauses

The Regulatory Principles clause establishes the fundamental standards and guidelines that parties must follow to ensure compliance with relevant laws and regulations. Typically, this clause outlines the obligation to adhere to applicable statutes, industry codes, or governmental directives, and may specify procedures for monitoring regulatory changes or reporting non-compliance. Its core practical function is to ensure that all parties operate within the legal framework, thereby reducing the risk of regulatory breaches and associated penalties.
Regulatory Principles. No later than three years after the entry into force of this Agreement, with a view to ensuring competition in postal and courier services not reserved to a monopoly in each Party, the Trade Committee shall set out the principles of the regulatory framework applicable to those services. Those principles shall aim to address issues such as anti-competitive practices, universal service, individual licences and nature of the regulatory authority (1).
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Regulatory Principles. Each Party shall endeavour to ensure that enterprises specified in Article 300 observe internationally recognised standards of corporate governance.
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Regulatory Principles. The CARIFORUM EPA also includes regulatory principles in a few key services sectors, such as computer services, courier services, telecommunications, financial services, maritime transport and tourism services.
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Regulatory Principles. With a view to ensuring competition in postal and courier services not reserved to a monopoly in each Party, the Trade Committee shall set out the principles of the regulatory framework applicable to those services. Those principles shall aim to address issues such as anti-competitive practices, universal service, individual licenses and nature of the regulatory authority (27).
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Regulatory Principles. A surprising sixty-three of the sixty nine governments submitting schedules committed themselves to new domestic regulatory principles that are subject to international monitoring, bargaining, and dispute resolution. A full fifty-seven countries committed themselves in whole or with a few exceptions to the Reference Paper's language on competitive safeguards, interconnection, universal service, public availability of licensing criteria, independent regulators, and allocation and use of scarce resources. This was one of the most dramatic examples of progress as the GBT negotiations unfolded. In April 1996, when the NGBT ended unsuccessfully, forty-four governments had included regulatory commitments, and only thirty-one had signed on to the Reference Paper. To advocates of the GBT deal, the incorporation of regulatory principles into a trade policy framework is a remarkable and significant achievement. After all, the entire history of global telecommunications has involved states' jealously preserving sovereign prerogatives to regulate their national systems as they saw fit. The instruments of the international regime negotiated in the International Telecommunication Union (ITU) positioned sovereignty as an overarching principle, and governments sought to insulate their markets from foreign influence while reaping the benefits of international correspondence, e.g. by interconnecting monopoly systems at designated gateways and jointly providing services on a non- competitive basis. With the shift to a trade framework of global governance, the new forms of international service delivery require what have been called "beyond the border" and "deep integration" measures. Accordingly, GBT members have bound themselves to make their domestic regulatory institutions and rules consistent with multilateral trade disciplines and transnational market forces. It is easy to imagine that much of the agreement=s thrust might have been frustrated in practice without these regulatory obligations. For example, offering market access via commercial presence or cross- border delivery might mean little without an internationally recognized right to interconnect with other public telecommunications transport networks and services, or without mandatory access to licensing criteria.
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Regulatory Principles. 6.1 The Parties will co-operate in respect of their regulatory affairs, including in the co-ordination of their approaches to regulatory authorities and equivalent bodies, so as to minimise the risk that one Party’s position has an adverse effect on the other Party. 6.2 SITA SC (or the applicable SITA Group Company) will provide commercially reasonable efforts to assist Equant to obtain any necessary operating authority. If the regulatory position of SITA SC (or the applicable SITA Group Company) requires amendment (including a licence transfer or surrender) for Equant to obtain its required regulatory approval, SITA SC Transition and Management Agreement Restated Version with Amendment No. 1 (Errata) 17 Dated: 30 November 2001 (or the applicable SITA Group Company) will make the necessary change, provided that, following the change, SITA SC (or the applicable SITA Group Company) can provide Network Services to the Air Transport Community on a basis no less favourable than as of the Effective Date or on an alternative basis which results in no noticeable (i) increase in costs, or (ii) deterioration of Network Services service levels to applicable Air Transport Community customers of SITA SC (or the applicable SITA Group Company). Equant will use commercially reasonable efforts to assist and support SITA SC (or the applicable SITA Group Company) in carrying out the lawful actions needed to obtain such a revised regulatory position. 6.3 Until the Network Transfer in a Country: (a) SITA SC (or the applicable SITA Group Company) will take commercially reasonable actions to maintain its licence or other authority; (b) SITA SC (or the applicable SITA Group Company) will use commercially reasonable efforts to connect Equant’s customers under the licence or other authority of SITA SC (or the applicable SITA Group Company) and Equant will provide commercially reasonable assistance to achieve such objective; (c) Each Party shall keep the other Party informed of its operating rights and authorities; (d) P&I issued by Equant will take commercially reasonable account of the extent of SITA SC’s (or the applicable SITA Group Company’s) licence or other authority; and (e) SITA SC and Equant will co-operate to achieve the prompt disconnection of those connections or the barring of any traffic which a regulatory authority or equivalent body informs SITA SC (or the applicable SITA Group Company) are unauthorised and should be so disconnected or barred or when the Parties mut...
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Regulatory Principles. This Regulatory Contract shall be read in accordance with the Regulatory Principles as provided under Schedule 1 of this Regulatory Contract.
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Regulatory Principles. No later than three years after the entry into force of this Agreement, with a view to ensuring competition in postal and courier services not reserved to a monopoly in each Party, the Trade Committee shall set out the principles of the regulatory framework applicable to those services. Those principles shall aim to address issues such as anti-competitive practices, universal service, individual licenses and nature of the regulatory authority.31 31 For greater certainty, nothing in this Article shall be interpreted as intending to change the regulatory framework of the existing regulatory body in Korea which regulates private delivery service suppliers upon the entry into force of this Agreement. TELECOMMUNICATIONS SERVICES
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Related to Regulatory Principles

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • Applicable Principles Subject to the provisions of this Agreement, the Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Actual Tax Liability of the Corporation for such Taxable Year attributable to the Basis Adjustments and Imputed Interest, as determined using a “with and without” methodology described in Section 2.4(a). Carryovers or carrybacks of any tax item attributable to any Basis Adjustment or Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of U.S. state and local tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any tax item includes a portion that is attributable to a Basis Adjustment or Imputed Interest (a “TRA Portion”) and another portion that is not (a “Non-TRA Portion”), such portions shall be considered to be used in accordance with the “with and without” methodology so that: (i) the amount of any Non-TRA Portion is deemed utilized first, followed by the amount of any TRA Portion (with the TRA Portion being applied on a proportionate basis consistent with the provisions of Section 3.3(a)); and (ii) in the case of a carryback of a Non-TRA Portion, such carryback shall not affect the original “with and without” calculation made in the prior Taxable Year. The Parties agree that, subject to the second to last sentence of Section 2.1(a), all Tax Benefit Payments attributable to an Exchange will be treated as subsequent upward purchase price adjustments that give rise to further Basis Adjustments for the Corporation beginning in the Taxable Year of payment, and as a result, such additional Basis Adjustments will be incorporated into such Taxable Year continuing for future Taxable Years until any incremental Basis Adjustment benefits with respect to a Tax Benefit Payment equals an immaterial amount.

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof. 2. The objectives of the EEA Financial Mechanism 2014-2021 shall be pursued in the framework of close co-operation between the Donor States and the Beneficiary State. The Parties agree to apply the highest degree of transparency, accountability and cost efficiency as well as the principles of good governance, partnership and multi-level governance, sustainable development, gender equality and equal opportunities in all implementation phases of the EEA Financial Mechanism 2014-2021. 3. The Beneficiary State shall take proactive steps in order to ensure adherence to these principles at all levels involved in the implementation of the EEA Financial Mechanism 2014-2021. 4. No later than 31/12/2020, the Parties to this Memorandum of Understanding shall review progress in the implementation of this Memorandum of Understanding and thereafter agree on reallocations within and between the programmes, where appropriate. The conclusion of this review shall be taken into account by the National Focal Point when submitting the proposal on the reallocation of the reserve referred to in Article 1.11 of the Regulation.

  • General Principles Each Party shall implement its tasks in accordance with the Consortium Plan and shall bear sole responsibility for ensuring that its acts within the Project do not knowingly infringe third party property rights.