CapitalConstructionFundAgreement基本建设投资合同doc.docx
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CapitalConstructionFundAgreement基本建设投资合同doc.docx
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CapitalConstructionFundAgreement基本建设投资合同doc
CapitalConstructionFundAgreement基本建设投资合同-
ThisCapitalConstructionFundAgreement(Agreement),madeon_________,_________,_________(M,D,Y),byandbetween_________(Country),representedbytheAAA,DepartmentofTransportation(theAAA),andBBBCompany,acorporationorganizedandexistingunderthelawsoftheStateof_________(Placename)(theParty),acitizenofthe_________(Country).
WHEREAS:
1.ThePartyhasappliedfortheestablishmentofaCapitalConstructionFund(theFund)underSection607oftheMerchantMarineAct,1936,asamended(theAct).
2.ThePartyisorhasbeentheownerof,andhascontractedfortheconstructionorreconstructionof,oneormoreeligiblevesselsasdefinedinSection607(k)oftheAct,whichvesselsarelistedinScheduleAhereof;
3.ThePartyhasaprogramfortheconstruction,reconstructionoracquisitionofqualifiedagreementvesselsasdefinedinSection607(k)oftheAct,whichprogramisdescribedinScheduleBhereof;
4.TheAAAandthePartydesiretoenterintoanAgreementforthepurposeofprovidingfortheconstruction,orreconstructionofvessels,builtinthe_________(Country)anddocumentedunderthelawsofthe_________(Country)foroperationinthe_________(Country)foreign,GreatLakes,ornoncontiguousdomestictrades;
5.TheAAAhasdeterminedthatthePartyqualifiesforanAgreementundertheAct;and
6.TheAAAhasauthorizedtheawardofanAgreementuponthetermsandconditionssetforthhereinsubjecttotheAct,asitmaybeamendedfromtimetotime,andsuchrulesandregulationsasshallbeprescribedbytheSecretaryofTransportationorhisdelegate,eitheraloneorjointlywiththeSecretaryoftheTreasury,asnecessarytocarryoutthepowers,duties,andfunctionsvestedinthembytheAct(therulesandregulations).
NOW,THEREFOREinconsiderationofthepremisestheAAAandthePartyherebyagreeassetforthinthefollowingArticles1through15:
1.ESTABLISHMENTOFAFUND:
(A)AFundisherebyestablishedforthepurposessetforthinArticle2hereof,pursuanttosuchtermsandconditionsasshallbeprescribedinthisAgreement,theAct,andtherulesandregulations.
(B)TheFundshallbeestablishedinthedepositoryordepositorieslistedinScheduleChereof.
2.PURPOSESOFTHEFUND:
TheFundestablishedhereundershallbeutilizedtoprovidefortheconstructionorreconstructionofreplacementvessels,additionalvessels,orreconstructedvessels,builtinthe_________(Country)andintendedfordocumentationasvesselsofthe_________(Country)foroperationbyqualified_________(Country)citizensinthe_________(Country)foreign,GreatLakes,ornoncontiguousdomestictrades,andtoprovideforqualifiedwithdrawalstoachievetheprogramsetforthinScheduleBhereof.
3.TERMOFTHEAGREEMENT
ThisAgreementshallbeeffectiveonthedateofexecutionbytheAAAandshallcontinueuntilterminatedunderArticle4.
4.TERMINATIONOFAGREEMENT
(A)ThisAgreementmaybeterminatedatanytimeunderanyofthefollowingcircumstances:
(1)UponwrittenmutualagreementbytheParties.
(2)UponwrittennoticebythePartythatachangehasbeenmadeinfederallawsorregulationswhichwouldhavesubstantialeffectupontherightsorobligationsofthePartyortheeconomicbenefitsderivedbyPartyfromtheFund.
(3)Uponpassageofthirty-five(35)months,fromthedatehereofwithoutcontractingforapartoralloftheprogramlistedinScheduleB.
(B)ThisAgreementshallterminateuponcompletionoftheprogramassetforthinScheduleBhereofinitspresentformorasitmaybeamendedfromtimetotime,oruponwrittennoticebythePartythatinitsjudgementtheprogramlistedinScheduleBasineffectatanytime,willnotbecontractedfor,orwillnotbecontractedforinafashionsuchthatthebenefitsoftheFundwillbeavailabletotheParty.
(C)UponterminationofthisAgreementpursuanttoparagraphs(A)and/or(B)hereofallamountsremainingintheFundshallbetreatedasifwithdrawninanonqualifiedwithdrawal(asthattermisdefinedintheActandtherulesandregulations)onthedateofterminationofthisAgreement.
5.DEPOSITSTOBEMADEINTOTHEFUND
(A)SubjecttoanyrestrictionscontainedintheAct,therulesandregulations,orthisAgreement,thePartymaydeposit,foreachtaxableyeartowhichthisAgreementapplies,amountsrepresentingsomepartorallof:
(1)ThenetproceedsfromthesaleorotherdispositionofanyofthevesselslistedinScheduleAorBhereof;and
(2)ThenetproceedsfrominsuranceorindemnityattributabletothevesselslistedinScheduleAorBhereof.
(B)ForeachtaxableyeartowhichtheAgreementapplies,thePartyshalldepositallreceiptsfromtheinvestmentorreinvestmentofamountsheldintheFund,exceptthatthePartyshallnotbepermittedtodepositmorethanisnecessarytocompleteitsprogramsassetoutinScheduleBhereof,noworasitmaythenbeamended.
(C)Notwithstandinganythinginparagraph(A)or(B)hereoftothecontrary,thePartyshallmaketheminimumdepositssetforthinScheduleDhereofatthetimeandinsuchamountsasmaybesetforthherein,noworasitmaythenbeamended.
(D)DepositsmaybemadeintheformofcashordirectlyintheformoftheinvestmentsdescribedinArticle7.
6.WITHDRAWALSFROMTHEFUND:
(A)ThePartymaymakesuchqualifiedwithdrawals(asthattermisdefinedintheActandtherulesandregulations)asshallbenecessarytofulfilltheobligationssetforthinScheduleBhereof.AnysuchqualifiedwithdrawalmaybemadewithouttheconsentoftheAAA,exceptasrequiredbytherulesandregulations.
(B)MoniesmaybewithdrawnfromtheParty’scapitalconstructionfundforpaymentsmadebythePartyoranaffiliatetopayforthecostofmaterials,labor,overheadorothercomponentsofthecostofaqualifiedvesseloroftheprincipalportionofindebtednessassociatedwithconstructionperiodfinancingwithrespecttosuchavessel,ortoreimburseexpendituresofgeneralfundsoftheParty,oranaffiliate,whereandtotheextentthatsuchgeneralfundswereusedtopayforthecostofmaterials,labor,overheadorothercomponentsofthecostofaqualifiedvesselorfortheprincipalportionofindebtednessassociatedwithconstructionperiodfinancingwithrespecttosuchavessel.
(C)AnyotherwithdrawalfromthecapitalconstructionfundshallbemadeonlyuponpriorwrittenconsentoftheAAA,orasotherwiserequiredhereinbytherulesandregulations.
7.INVESTMENTOFTHEFUND:
(A)TheParty,atitsdiscretion,mayinvestfundassetsinthirdpartyreceivablesofNASSCOandofCCCCorporation,orofitsotheraffiliates,assignedtothePartyforthatpurpose,fromprogresspaymentbillingscontracts,andunderothercontracts,withthecollectionofsuchreceivablestobeguaranteedbytheCCCCorporationifnecessarytocausesuchreceivablestobequalifiedinvestments,andinotherinvestmentswhicharequalifiedinvestmentsunderMaritimeAdministrationregulations,astheyexistatthepresenttimeorastheymaybeamended.InvestmentsinthirdpartyreceivablesofCCCCorporationanditsaffiliates(excludingtheParty)shallbemadepursuanttothetermsoftheformoftheReceivablesPurchaseandSaleAgreementattachedheretoasAppendixI.InvestmentsinthirdpartyreceivablesofNASSCOshallbemadepursuanttotheproceduressetforthinAppendixII.
(B)ThePartyagreesthatwheninvestingmoniesheldintheFunditwillmakesuchinvestmentsaswillinsurethatsufficientcashisavailableatthetimequalifiedwithdrawalsarerequiredinaccordancewiththeprogramdescribedinScheduleBhereof.
8.PLEDGES,ASSIGNMENTSANDTRANSFERS:
(A)ThePartyagreesnottoassign,pledgeorotherwiseencumber,eitherdirectlyorindirectlyorthroughanyreorganization,merger,orconsolidation,alloranypartofthisAgreement,theFund,oranyassetsintheFundwithoutthepriorwrittenconsentoftheAAA;provided,however,thePartymaytransfertheassetsoftheFund,inwholeorinpart,toaninvestmenttrustee,asprovidedintherulesandregulations.
(B)ThePartyshallnotobligateanyassetsintheFundasacompensatingbalance.
(C)TheSecretaryherebygrantspermissiontosellorotherwisedisposeofanyqualifiedvesseluponcompletionofitsconstruction,providedsuchsaleorotherdispositionistoa_________(Country)citizenandmeetstherequirementsasprovidedintheAgreementandintheAct.
(D)Ifaqualifiedagreementvessel,inwhichbasishasbeenreducedthroughtheapplicationofqualifiedwithdrawals,issoldordisposedofbythePartyatdeliveryorwithinoneyearofdelivery,thedispositionwillnotbecontrarytothepoliciesoftheAct,theAgreement,and/ortherulesandregulations;andnointerestonthetaxapplicabletotheamountofgainattributabletothebasisreductionwillbeincurred.
(E)Ifaqualifiedagreementvesselundergoingconstructioninwhichbasishasbeenreducedthroughtheapplicationofqualifiedwithdrawalsisdestroyedorlostinthecourseofconstruction,orpriortodeliveryandacceptancebythepurchaser,asaresultofstrikes,fires,earthquakesorothereventsbeyondthecontroloftheParty,thedestructionorlosswillnotbetreatedasadispositioncontrarytothepoliciesoftheAct,theAgreement,and/ortherulesandregulations;andnointerestwillbeincurredonanytaxwhichmaybeimposedastheresultofthereceiptofanyinsuranceproceedsorothermoniesinpaymentofanyinsuranceproceedsorothermoniesinpaymentforthevesselsodestroyedor
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