Audits Required Sample Clauses

Audits Required. It must obtain the following audits:
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Audits Required. A [insert number of installment] of US$insert amount in figures (United States Dollars insert amount in words), equivalent to [10% of the total maximum amount set out in this Article, shall be made available upon satisfactory provision of the required outputs (outputs indicated in the Payment Schedule have been provided), [Insert acronym of partner], financial statements of the Project audited by an independent audit firm showing the use of funds so far provided to [Insert acronym of partner], and a payment request. [Note: The first audit is required once 80% of the total maximum amount set out in this Article has been provided and utilized. Installments totaling of 20% (at a minimum) should be conditional upon submission of the audited financial statements] A final installment of US$ insert amount in figures (United States Dollars insert amount in words), not less than 10% of the total maximum amount set out in this Article, shall be made available upon satisfactory provision of the final outputs (outputs indicated in Annex C of the Payment Schedule have been provided), financial statements of the Project audited by an independent audit firm showing the use of funds so far provided [Insert acronym of partner], and a payment request). [Note: The second audit required once 80% of the total maximum amount set out in this Article has been provided and utilized. The final installment of 10% is conditional upon submission of the audited financial statements] UN-Habitat shall make the above payments within [insert number in words] [insert number in figures] days following the receipt of the appropriate payment request. The statements referred to above shall be itemized as per the budget in Annex C. Supporting documents shall be available to UN-Habitat upon request, together with payment request. The Parties acknowledge that the disbursement of funds from UN-Habitat to [Insert acronym of partner] under this Agreement are subject, in all respect, to the receipt of funds from Donor under the respective terms and conditions between UN-Habitat and the Donor. [Insert acronym of partner] cannot derive any rights from the terms and conditions between UN-Habitat and the donor or have any claim to the funds provided by the Donor to UN-Habitat. Payments shall be made by UN-Habitat in United States Dollars (USD) to the following bank account which shall be used exclusively for this project:
Sample 1

Related to Audits Required

  • Consents Required A complete list of all agreements wherein consent to the transaction herein contemplated is required to avoid a default thereunder; or where notice of such transaction is required at or subsequent to closing, or where consent to an acquisition, consolidation, or sale of all or substantially all of the assets is required to avoid a default thereunder. (Schedule F.)

  • All Consents Required All approvals, authorizations, consents, orders or other actions of any Person or Governmental Authority applicable to the Collateral Custodian, required in connection with the execution and delivery of this Agreement, the performance by the Collateral Custodian of the transactions contemplated hereby and the fulfillment by the Collateral Custodian of the terms hereof have been obtained.

  • No Consents Required No consent, approval, authorization, order, registration or qualification of or with any court or arbitrator or governmental or regulatory authority is required for the execution, delivery and performance by the Company of this Agreement, the issuance and sale of the Shares and the consummation of the transactions contemplated by this Agreement, except for the registration of the Shares under the Securities Act and such consents, approvals, authorizations, orders and registrations or qualifications as may be required by the Financial Industry Regulatory Authority, Inc. (“FINRA”) and under applicable state securities laws in connection with the purchase and distribution of the Shares by the Underwriters.

  • APPROVALS REQUIRED Neither the execution and delivery of this Agreement and the other Loan Papers to which it is a party by the Company, nor the consummation by the Company of any of the transactions contemplated hereby or thereby requires the consent or approval of, the giving of notice to, or the registration, recording, or filing of any document with, or the taking of any other action in respect of any Tribunal except for the routine filing of copies of this Agreement and certain other Loan Papers with the Securities and Exchange Commission, except for any of the foregoing required of any Bank or Agent.

  • Audit Requirements The Grantee shall adhere to the following requirements:

  • Access Requirements You will be responsible for providing the System to enable you to use an Electronic Service.

  • Allowable Costs and Audit Requirements 11 4.1 ALLOWABLE COSTS 11 4.2 AUDITS AND FINANCIAL STATEMENTS 11 4.3 SUBMISSION OF AUDITS AND FINANCIAL STATEMENTS 12 ARTICLE V. WARRANTY, AFFIRMATIONS, ASSURANCES AND CERTIFICATIONS 12 5.1 WARRANTY 12 5.2 GENERAL AFFIRMATIONS 13 5.3 FEDERAL ASSURANCES 13 5.4 FEDERAL CERTIFICATIONS 13 5.5 STATE ASSURANCES 13 ARTICLE VI. INTELLECTUAL PROPERTY 13 6.1 OWNERSHIP OF WORK PRODUCT 13 6.2 GRANTEE’S PRE-EXISTING WORKS 14 6.3 THIRD PARTY IP 14 6.4 AGREEMENTS WITH EMPLOYEES AND SUBCONTRACTORS 14 6.5 DELIVERY UPON TERMINATION OR EXPIRATION 14 6.6 SURVIVAL 15 6.7 SYSTEM AGENCY DATA 15 ARTICLE VII. PROPERTY 15

  • ERISA Requirements (a) Borrower will not engage in any transaction which would cause an obligation, or action taken or to be taken under this Loan Agreement (or the exercise by Lender of any of its rights under the Note, this Loan Agreement or any of the other Loan Documents) to be a non-exempt prohibited transaction under ERISA or Section 4975 of the Tax Code.

  • Prior Procedure Required No grievance shall be considered by the arbitrator which has not been first duly processed in accordance with the grievance procedure and appeal provisions.

  • Time Requirements The Independent Contractor will not be required to follow or establish a regular or daily work schedule, but shall devote during the term of this Agreement the time, energy and skill as necessary to perform the services of this engagement and shall, periodically or at any time upon the request of the Company, submit information as to the amount of time worked and scope of work performed.

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