Approval Thresholds Clause Samples

Approval Thresholds. Only material included in the above list of Allowable Material may be procured under any individual task orders under this contract. No material with a unit cost of $150,000.01, or greater, without COR and KO approval, shall be procured under this contract. No procurement from a single source with a total value—the total sum of all items—of $750,000.00 or greater may be procured under this contract. For procurements (excluding software licenses) with a total value of $10,000.00 and below, no prior COR concurrence or Contracting Officer approval is required. For procurements (excluding software licenses) with a total value between $10,000.01 and $150,000.00, prior COR concurrence is required. For procurements with a total value between $150,000.01 and $750,000.00, both COR concurrence and Contracting Officer approval is required prior to purchasing the material. If the COR concurs with the request, the COR will provide the request for approval to the Contracting Officer. The Contracting Officer will provide notification of disapproval or approval to the COR and Contractor. CLAUSES INCORPORATED BY FULL TEXT

Approval Thresholds. The Operator and the Technical Services Provider shall establish budget limits for each Joint Venture individually and/or for the Services jointly in order to identify thresholds for values of bids, contract values etc. above which a review and approval of the Technical Services Provider's procurement strategy, bidders list and contract award is to be performed by the Operator.

Approval Thresholds. Only material included in the above list of Allowable Material may be procured under any individual task orders under this contract. No material with a unit cost of $150,000.01, or greater, without COR and KO approval, shall be procured under this contract. No procurement from a single source with a total value—the total sum of all items—of $750,000.00 or greater may be procured under this contract. For procurements (excluding software licenses) with a total value of $10,000.00 and below, no prior COR concurrence or Contracting Officer approval is required. For procurements (excluding software licenses) with a total value between $10,000.01 and $150,000.00, prior COR concurrence is required. For procurements with a total value between $150,000.01 and $750,000.00, both COR concurrence and Contracting Officer approval is required prior to purchasing the material. If the COR concurs with the request, the COR will provide the request for approval to the Contracting Officer. The Contracting Officer will provide notification of disapproval or approval to the COR and Contractor. CLAUSES INCORPORATED BY FULL TEXT (a) The Contractor shall- (1) Exercise due diligence to ensure that none of the funds, including supplies and services, received under this contract are provided directly or indirectly (including through subcontracts) to a person or entity who is actively opposing United States or Coalition forces involved in a contingency operation in which members of the Armed Forces are actively engaged in hostilities; (2) Check the list of prohibited/restricted sources in the System for Award Management at www.▇▇▇.gov- (i) Prior to subcontract award; and (ii) At least on a monthly basis; and (3) Terminate or void in whole or in part any subcontract with a person or entity listed in ▇▇▇ as a prohibited or restricted source pursuant to subtitle E of Title VIII of the NDAA for FY 2015, unless the Contracting Officer provides to the Contractor written approval of the Head of the Contracting Activity to continue the subcontract. (b) The Head of the Contracting Activity (HCA) has the authority to - (1) Terminate this contract for default, in whole or in part, if the Head of the Contracting Activity determines in writing that the contractor failed to exercise due diligence as required by paragraph (a) of this clause; or (i) Void this contract, in whole or in part, if the Head of the Contracting Activity determines in writing that any funds received under this contract have b...

Approval Thresholds. Except as set forth subsection (f), below, decisions of the Management Committee will be taken by the simple majority of all Managers.

Approval Thresholds. Whenever approval of the Member Committee of Series One is required pursuant to Section 9.3(a), such approval shall require the affirmative vote of Series One Members representing a Supermajority in Interest; provided, however, that, with respect to Member Committee approval under Sections 9.3(a)(ii), (iv), (vi), or (vii), such approval shall require the affirmative votes of Representatives of Series One Members holding not less than 90% of the total Series One Percentage Interest; and with respect to Member Committee approval under Section 9.3(a)(ix) and (xii), such approval shall require the affirmative votes of Representatives of Series One Members holding 100% of the Series One Percentage Interest; and with respect to Member Committee approval under Section 9.3(a)(xv) and Section 9.3(a)(xvi), such approval shall require the affirmative votes of Representatives of Series One Members holding not less than a Majority in Interest (excluding the PC Member for such purposes of such calculation). Whenever approval of the Member Committee of Series Two is required pursuant to Section 9.3(b), such approval shall require the affirmative vote of Series Two Members representing a Supermajority in Interest; provided, however, that with respect to Member Committee approval under Section 9.3(b)(v), such approval shall require the affirmative votes of Representatives of Series Two Members representing 100% of the Series Two Percentage Interest; and with respect to Member Committee approval under Section 9.3(b)(vii) and Section 9.3(b)(viii), such approval shall require the affirmative votes of Representatives of Series Two Members representing not less than a Majority in Interest (excluding the PC Member and its Affiliates for such purposes of such calculation). All determinations of a Member Committee are at the sole and absolute discretion of the Member Committee and the Representatives on such Member Committee.

Approval Thresholds. In determining the dollar value of a transaction involving a currency other than Hong Kong dollars (“HK$”), or in the case of a non-cash transaction or transaction involving a currency other than HK$, the HK$ equivalent shall apply. (1) If the Related Party Transaction has a value of, requires the Group Companies in the aggregate to pay, involves a commitment of, will result in gross revenues to the Group Companies in the aggregate of or otherwise involves less than HK$2 million, then the relevant Group Company may enter into that Related Party Transaction provided that the Related Party Transaction is beneficial and fair to the relevant Group Company and its terms are commercially arm’s length and all relevant provisions of this Policy have been complied with. (2) If the Related Party Transaction has a value of, requires the Group Companies to pay, involves a commitment of, will result in gross revenues to the Group Companies in the aggregate of or otherwise involves HK$2 million or more but, unless paragraph (3) below applies, less than HK$8 million, the Related Party Transaction must be referred to the Conflicts Committee for approval. (3) All Related Party Transactions having a value of, requiring the Group Companies to pay, involving a commitment of, resulting in gross revenues to the Group Companies in the aggregate of or otherwise involving HK$8 million or more in circumstances where approval is not required under the Shareholders’ Agreement or Section V. (C) or where approval is required under Section V. (C) but there exists at the time no Shareholder Group to approve such transaction, must be referred to the Conflicts Committee for approval. (4) No Group Company may enter into any of the following Related Party Transactions without first obtaining the approval of the Shareholders in accordance with Section V. (C): (a) Whether or not sub-paragraphs (b) through (f) of this paragraph (4) are applicable, has a value of, requires the Group Companies to pay, involves a commitment of, will result in gross revenues to the Group Companies in the aggregate of or otherwise involves HK$8 million or more; (b) is any licensing or royalty agreement with the Company as either licensee or licensor (excluding any inter Group Company agreement) having a term (inclusive of all renewal options) of five years or more; (c) involves a loan or advance of any amount; (d) involves the sale or purchase of real property or the lease of any real property having a term of five ...

Approval Thresholds. For procurements with a total value of $10,000.01 and below, no prior COR concurrence or Contracting Officer approval is required. For procurements with a total value between $10,000.01 and $150,000.00, prior COR concurrence is required. For procurements with a total value between $150,000.01 and $750,000.00, both COR concurrence and Contracting Officer approval is required prior to purchasing the materiel. If the COR concurs with the request, the COR will provide the request for approval to the Contracting Officer. The Contracting Officer will provide notification of disapproval or approval to the COR and Contractor.