{"component": "clause", "props": {"groups": [{"samples": [{"hash": "gep8d2RVcBv", "uri": "/contracts/gep8d2RVcBv#compliance-programs", "label": "Qualified Health Plan Issuer Contract", "score": 33.7982025146, "published": true}, {"hash": "lXLATCsSKXv", "uri": "/contracts/lXLATCsSKXv#compliance-programs", "label": "Qualified Health Plan Issuer Contract", "score": 33.5875740051, "published": true}, {"hash": "g0SNHpKzRJe", "uri": "/contracts/g0SNHpKzRJe#compliance-programs", "label": "Qualified Health Plan Issuer Contract", "score": 33.5771331787, "published": true}], "snippet_links": [{"key": "contractor-shall", "type": "clause", "offset": [0, 16]}, {"key": "participating-providers", "type": "definition", "offset": [36, 59]}, {"key": "comply-with", "type": "definition", "offset": [87, 98]}, {"key": "local-laws", "type": "definition", "offset": [134, 144]}, {"key": "executive-orders", "type": "clause", "offset": [159, 175]}, {"key": "california-affordable-care-act", "type": "clause", "offset": [242, 272]}, {"key": "the-americans-with-disabilities-act", "type": "clause", "offset": [274, 309]}, {"key": "public-contracts", "type": "clause", "offset": [342, 358]}, {"key": "the-\u2587", "type": "clause", "offset": [378, 383]}, {"key": "act-of-1975", "type": "definition", "offset": [433, 444]}, {"key": "insurance-code", "type": "definition", "offset": [461, 475]}], "snippet": "Contractor shall, and shall require Participating Providers and all Subcontractors to, comply with all applicable Federal, State, and local laws, regulations, executive orders, ordinances and guidance, including, the Affordable Care Act, the California Affordable Care Act, the Americans with Disabilities Act, the Anti-Kickback Statute, the Public Contracts Anti-Kickback Act, the \u2587\u2587\u2587\u2587\u2587 Law, the \u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587\u2587 Health Care Service Plan Act of 1975, and California Insurance Code, as applicable.", "size": 59, "hash": "9d01d62a9e4d13f0bba7c9c93e679ba5", "id": 1}, {"samples": [{"hash": "2HYGRCr5W07", "uri": "/contracts/2HYGRCr5W07#compliance-programs", "label": "Contract for Personal Services", "score": 24.659860611, "published": true}, {"hash": "6rFE2TveEGQ", "uri": "/contracts/6rFE2TveEGQ#compliance-programs", "label": "Contract for Personal Services", "score": 22.8288841248, "published": true}], "snippet_links": [{"key": "internal-controls", "type": "definition", "offset": [128, 145]}, {"key": "compliance-with-applicable-laws", "type": "clause", "offset": [204, 235]}, {"key": "in-connection-with", "type": "clause", "offset": [236, 254]}, {"key": "performance-of-contractor", "type": "clause", "offset": [259, 284]}, {"key": "under-this-contract", "type": "clause", "offset": [299, 318]}, {"key": "the-parties-acknowledge", "type": "clause", "offset": [324, 347]}, {"key": "the-state-shall", "type": "clause", "offset": [353, 368]}, {"key": "responsible-for", "type": "clause", "offset": [372, 387]}, {"key": "fraud-prevention-and-detection", "type": "clause", "offset": [397, 427]}, {"key": "relating-to", "type": "definition", "offset": [428, 439]}, {"key": "enrollee-eligibility", "type": "clause", "offset": [440, 460]}, {"key": "contractor-will", "type": "clause", "offset": [462, 477]}, {"key": "effective-compliance-program", "type": "definition", "offset": [571, 599]}, {"key": "meets-the-requirements", "type": "definition", "offset": [605, 627]}, {"key": "contractor-shall-provide", "type": "clause", "offset": [648, 672]}, {"key": "evidence-of", "type": "definition", "offset": [673, 684]}, {"key": "by-the-state", "type": "clause", "offset": [733, 745]}, {"key": "material-concerns", "type": "clause", "offset": [800, 817]}, {"key": "by-contractor", "type": "clause", "offset": [829, 842]}, {"key": "related-to", "type": "clause", "offset": [843, 853]}, {"key": "compliance-issues", "type": "clause", "offset": [874, 891]}, {"key": "annual-basis", "type": "definition", "offset": [903, 915]}, {"key": "provide-the", "type": "clause", "offset": [952, 963]}, {"key": "description-of", "type": "clause", "offset": [977, 991]}, {"key": "calendar-year", "type": "definition", "offset": [1065, 1078]}, {"key": "most-recent", "type": "definition", "offset": [1169, 1180]}, {"key": "in-relation-to", "type": "clause", "offset": [1197, 1211]}, {"key": "claims-paid", "type": "definition", "offset": [1212, 1223]}, {"key": "pursuant-to", "type": "definition", "offset": [1224, 1235]}, {"key": "each-year", "type": "definition", "offset": [1280, 1289]}, {"key": "an-overview", "type": "clause", "offset": [1322, 1333]}, {"key": "fraud-and-abuse", "type": "clause", "offset": [1337, 1352]}, {"key": "program-activities", "type": "clause", "offset": [1378, 1396]}, {"key": "summary-of-key-findings", "type": "clause", "offset": [1434, 1457]}, {"key": "the-development", "type": "clause", "offset": [1462, 1477]}, {"key": "enforcement-of", "type": "clause", "offset": [1498, 1512]}, {"key": "plans-for", "type": "clause", "offset": [1535, 1544]}, {"key": "code-of-ethical-conduct", "type": "definition", "offset": [1639, 1662]}, {"key": "available-to-the-public", "type": "definition", "offset": [1682, 1705]}], "snippet": "(a) Fraud, Waste and Abuse; Ethical Conduct. Contractor shall maintain and enforce policies, procedures, processes, systems and internal controls (i) to reduce fraud, waste and abuse, and (ii) to enhance compliance with applicable Laws in connection with the performance of Contractor\u2019s obligations under this Contract.\n(b) The parties acknowledge that the State shall be responsible for Enrollee fraud prevention and detection relating to Enrollee eligibility. Contractor will cooperate to support the State in its efforts in this area.\n(c) Contractor shall maintain an effective compliance program that meets the requirements of applicable Laws. Contractor shall provide evidence of such compliance program as reasonably requested by the State. Contractor shall timely communicate to the State any material concerns identified by Contractor related to material regulatory compliance issues.\n(d) On an annual basis, starting in 2015, Contractor shall provide the State with a description of its fraud, waste and abuse detection and prevention efforts for previous calendar year, and report total moneys recovered or savings realized by Contractor for Enrollees in the most recent 12-month period in relation to claims paid pursuant to this Contract, no later than February 15 of each year. This description shall include an overview of fraud and abuse detection and prevention program activities conducted by Contractor, including a summary of key findings and the development, implementation and enforcement of any corrective action plans for changing, upgrading, or improving these programs.\n(e) Contractor shall maintain and enforce a code of ethical conduct that shall be made available to the public through posting on Contractor\u2019s website.", "size": 3, "hash": "aace299699282fa78f699402e0437dae", "id": 8}, {"samples": [{"hash": "8pZExk4Z3pq", "uri": "/contracts/8pZExk4Z3pq#compliance-programs", "label": "Sales Agreement (Cyclacel Pharmaceuticals, Inc.)", "score": 29.7556476593, "published": true}, {"hash": "eceN3tSUTda", "uri": "/contracts/eceN3tSUTda#compliance-programs", "label": "Sales Agreement (Innovate Biopharmaceuticals, Inc.)", "score": 27.824092865, "published": true}, {"hash": "7YecH7tsq94", "uri": "/contracts/7YecH7tsq94#compliance-programs", "label": "Sales Agreement (Organovo Holdings, Inc.)", "score": 27.2026004791, "published": true}], "snippet_links": [{"key": "the-company-has", "type": "clause", "offset": [0, 15]}, {"key": "compliance-program", "type": "clause", "offset": [46, 64]}, {"key": "to-the-company", "type": "clause", "offset": [76, 90]}, {"key": "company-in", "type": "clause", "offset": [152, 162]}, {"key": "complying-with", "type": "clause", "offset": [163, 177]}, {"key": "regulatory-guidelines", "type": "definition", "offset": [189, 210]}, {"key": "without-limitation", "type": "clause", "offset": [223, 241]}, {"key": "the-fda", "type": "clause", "offset": [265, 272]}, {"key": "governmental-or-regulatory-authority", "type": "definition", "offset": [330, 366]}, {"key": "similar-to", "type": "definition", "offset": [388, 398]}, {"key": "performed-by", "type": "clause", "offset": [405, 417]}, {"key": "a-material-adverse-change", "type": "clause", "offset": [513, 538]}], "snippet": "The Company has established and administers a compliance program applicable to the Company, to assist the Company and the officers and employees of the Company in complying with applicable regulatory guidelines (including, without limitation, those administered by the FDA, the EMA, and any other foreign, federal, state or local governmental or regulatory authority performing functions similar to those performed by the FDA or EMA); except where such noncompliance would not reasonably be expected to result in a Material Adverse Change.", "size": 12, "hash": "0571e2d5ed35bdd719a6681ff9f00fb4", "id": 2}, {"samples": [{"hash": "ifZnqliH6Wr", "uri": "/contracts/ifZnqliH6Wr#compliance-programs", "label": "Asset Purchase Agreement", "score": 28.9520530701, "published": true}, {"hash": "h1OeU2Zbz51", "uri": "/contracts/h1OeU2Zbz51#compliance-programs", "label": "Asset Purchase Agreement (Healthsouth Corp)", "score": 22.5879535675, "published": true}, {"hash": "foI5JRBJjrh", "uri": "/contracts/foI5JRBJjrh#compliance-programs", "label": "Asset Purchase Agreement (LifeCare Holdings, Inc.)", "score": 22.3798770905, "published": true}], "snippet_links": [{"key": "to-buyers", "type": "clause", "offset": [22, 31]}, {"key": "complete-copy", "type": "definition", "offset": [48, 61]}, {"key": "current-compliance", "type": "clause", "offset": [81, 99]}, {"key": "program-materials", "type": "definition", "offset": [100, 117]}, {"key": "the-facilities", "type": "clause", "offset": [131, 145]}, {"key": "in-accordance-with", "type": "clause", "offset": [178, 196]}, {"key": "access-to", "type": "clause", "offset": [263, 272]}, {"key": "and-other-information", "type": "clause", "offset": [278, 299]}, {"key": "by-sellers", "type": "clause", "offset": [311, 321]}, {"key": "no-seller", "type": "definition", "offset": [366, 375]}, {"key": "a-party", "type": "clause", "offset": [383, 390]}, {"key": "corporate-integrity-agreement", "type": "clause", "offset": [396, 425]}, {"key": "reporting-obligations", "type": "definition", "offset": [452, 473]}, {"key": "pursuant-to", "type": "definition", "offset": [474, 485]}, {"key": "settlement-agreement", "type": "definition", "offset": [490, 510]}, {"key": "entered-into", "type": "clause", "offset": [511, 523]}, {"key": "governmental-authority", "type": "definition", "offset": [533, 555]}, {"key": "the-sec-filings", "type": "clause", "offset": [584, 599]}, {"key": "to-sellers", "type": "definition", "offset": [605, 615]}, {"key": "subject-of", "type": "clause", "offset": [641, 651]}, {"key": "government-program", "type": "clause", "offset": [656, 674]}, {"key": "enforcement-agency", "type": "definition", "offset": [723, 741]}, {"key": "false-claims-act", "type": "definition", "offset": [823, 839]}, {"key": "no-knowledge", "type": "clause", "offset": [917, 929]}, {"key": "with-respect-to", "type": "clause", "offset": [1006, 1021]}, {"key": "independent-contractors", "type": "definition", "offset": [1096, 1119]}, {"key": "other-persons", "type": "definition", "offset": [1159, 1172]}, {"key": "has-violated", "type": "definition", "offset": [1238, 1250]}, {"key": "in-violation", "type": "definition", "offset": [1268, 1280]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [1294, 1324]}, {"key": "the-term", "type": "definition", "offset": [1326, 1334]}, {"key": "to-provider", "type": "definition", "offset": [1363, 1374]}], "snippet": "Sellers have provided to Buyers an accurate and complete copy of each Facility\u2019s current compliance program materials. Sellers and the Facilities have conducted their operations in accordance with their respective compliance programs. Sellers have granted Buyers access to logs and other information maintained by Sellers under their respective compliance programs. No Seller (a) is a party to a Corporate Integrity Agreement with the OIG; (b) has any reporting obligations pursuant to any settlement agreement entered into with any Governmental Authority; (c) except as disclosed in the SEC Filings and, to Sellers\u2019 knowledge, has been the subject of any Government Program investigation conducted by any federal or state enforcement agency; (d) except as disclosed in the SEC Filings, has been a defendant in any qui tam/False Claims Act litigation (other than by reason of a sealed complaint of which Sellers have no knowledge); and (e) except as disclosed in Schedule 4.14, has received any complaints with respect to the Facilities through such Seller\u2019s compliance \u201chotline\u201d from employees, independent contractors, vendors, physicians, patients, or any other persons that could reasonably be considered to indicate that such Seller has violated, or is currently in violation of, any Law. For purposes of this Agreement, the term \u201ccompliance program\u201d refers to provider programs of the type described in the compliance guidance published by the OIG.", "size": 3, "hash": "1bd2c66e9dfb420918e1eeb51e969edb", "id": 7}, {"samples": [{"hash": "k4jTDfhBS3K", "uri": "/contracts/k4jTDfhBS3K#compliance-programs", "label": "Receivables Purchase Agreement (Sanmina Corp)", "score": 33.0876121521, "published": true}, {"hash": "iwJ7FZGdqy7", "uri": "/contracts/iwJ7FZGdqy7#compliance-programs", "label": "Receivables Purchase Agreement (Sanmina Corp)", "score": 29.585899353, "published": true}, {"hash": "DvGLTR03lD", "uri": "/contracts/DvGLTR03lD#compliance-programs", "label": "Receivables Purchase Agreement (Sanmina Corp)", "score": 28.3312797546, "published": true}], "snippet_links": [{"key": "the-guarantor", "type": "clause", "offset": [0, 13]}, {"key": "compliance-with-applicable-anti", "type": "clause", "offset": [87, 118]}, {"key": "corruption-laws-and-sanctions", "type": "clause", "offset": [119, 148]}, {"key": "policies-and-procedures", "type": "definition", "offset": [188, 211]}], "snippet": "The Guarantor and its Subsidiaries have conducted and will conduct their businesses in compliance with applicable Anti-Corruption Laws and Sanctions, and have maintained and will maintain policies and procedures designed to promote and achieve compliance with such laws.", "size": 3, "hash": "0ba8639b5b86f8f83f6291123144a5bf", "id": 5}, {"samples": [{"hash": "bOW02SMUP3e", "uri": "/contracts/bOW02SMUP3e#compliance-programs", "label": "Confidentiality, Non Competition and Severance Pay Agreement (American Homepatient Inc)", "score": 19.5119781494, "published": true}, {"hash": "lJ17MvD8DCP", "uri": "/contracts/lJ17MvD8DCP#compliance-programs", "label": "Change in Control Severance Pay Agreement (Goldleaf Financial Solutions Inc.)", "score": 19.0, "published": true}, {"hash": "hN2d1pW5iFV", "uri": "/contracts/hN2d1pW5iFV#compliance-programs", "label": "Change in Control Severance Pay Agreement (Goldleaf Financial Solutions Inc.)", "score": 19.0, "published": true}], "snippet_links": [{"key": "employee-will", "type": "clause", "offset": [4, 17]}, {"key": "at-all-times", "type": "definition", "offset": [18, 30]}, {"key": "while-employed", "type": "clause", "offset": [31, 45]}, {"key": "the-company", "type": "definition", "offset": [51, 62]}, {"key": "policies-and-conduct", "type": "clause", "offset": [118, 138]}, {"key": "compliance-program", "type": "clause", "offset": [154, 172]}, {"key": "from-time-to-time", "type": "clause", "offset": [206, 223]}, {"key": "his-obligations", "type": "clause", "offset": [247, 262]}, {"key": "as-an-employee", "type": "clause", "offset": [283, 297]}], "snippet": "The Employee will at all times while employed with the Company comply fully with the Company\u2019s \u201cGuidelines of Company Policies and Conduct\u201d and any other compliance program, as such programs may be amended from time to time, and acknowledges that his obligations under such programs as an employee are contractual in nature.", "size": 6, "hash": "bc6a4992a7b3f97ba1bf19db8b352180", "id": 3}, {"samples": [{"hash": "kJ7XFdv8hag", "uri": "/contracts/kJ7XFdv8hag#compliance-programs", "label": "Credit Agreement (Amedisys Inc)", "score": 34.3360710144, "published": true}, {"hash": "bIXU6Gilo5s", "uri": "/contracts/bIXU6Gilo5s#compliance-programs", "label": "Credit Agreement (Amedisys Inc)", "score": 32.5893211365, "published": true}, {"hash": "i0EuTALLi5h", "uri": "/contracts/i0EuTALLi5h#compliance-programs", "label": "Credit Agreement (Amedisys Inc)", "score": 29.4982891083, "published": true}], "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [4, 17]}, {"key": "policies-and-procedures", "type": "definition", "offset": [51, 74]}, {"key": "to-provide", "type": "clause", "offset": [75, 85]}, {"key": "compliance-with", "type": "clause", "offset": [97, 112]}, {"key": "health-care-laws", "type": "clause", "offset": [128, 144]}, {"key": "programs-and-procedures", "type": "clause", "offset": [171, 194]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [286, 318]}, {"key": "report-violations", "type": "clause", "offset": [423, 440]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [547, 569]}], "snippet": "(a) To the extent necessary, review and revise its policies and procedures to provide continuing compliance with all applicable Health Care Laws.\n(b) Maintain appropriate programs and procedures for communicating such policies and procedures to all officers, directors and employees of the Company and its Subsidiaries.\n(c) Provide that all officers, directors and employees of the Company and its Subsidiaries are able to report violations of any Health Care Laws.\n(d) Provide that such reported violations are adequately addressed and corrected as soon as practicable.", "size": 4, "hash": "308c04a8c09d9bd88d174789dc32b48e", "id": 4}, {"samples": [{"hash": "leO2zHyTnH7", "uri": "/contracts/leO2zHyTnH7#compliance-programs", "label": "Credit Agreement (Biotelemetry, Inc.)", "score": 31.1574268341, "published": true}, {"hash": "kQ3Y9mOqMH2", "uri": "/contracts/kQ3Y9mOqMH2#compliance-programs", "label": "Credit Agreement (Biotelemetry, Inc.)", "score": 31.0725536346, "published": true}, {"hash": "ew7RDiQvrrq", "uri": "/contracts/ew7RDiQvrrq#compliance-programs", "label": "Credit Agreement (BioTelemetry, Inc.)", "score": 28.8494186401, "published": true}], "snippet_links": [{"key": "compliance-program", "type": "clause", "offset": [11, 29]}, {"key": "to-provide", "type": "clause", "offset": [59, 69]}, {"key": "effective-internal-controls", "type": "clause", "offset": [70, 97]}, {"key": "violations-of-laws", "type": "clause", "offset": [156, 174]}, {"key": "medicaid-regulations", "type": "definition", "offset": [190, 210]}, {"key": "medicare-regulations", "type": "definition", "offset": [212, 232]}, {"key": "on-a-regular-basis", "type": "definition", "offset": [285, 303]}, {"key": "compliance-with-the", "type": "clause", "offset": [315, 334]}, {"key": "with-laws", "type": "clause", "offset": [358, 367]}], "snippet": "Maintain a compliance program which is reasonably designed to provide effective internal controls that promote adherence to and prevent and detect material violations of Laws, including the Medicaid Regulations, Medicare Regulations and HIPAA, and which includes reasonable monitoring on a regular basis to monitor compliance with the compliance program and with Laws.", "size": 3, "hash": "52d0ddda54b8390c000fe15f0a194326", "id": 6}, {"samples": [{"hash": "2vmE8kCBGj1", "uri": "/contracts/2vmE8kCBGj1#compliance-programs", "label": "Shareholder Agreement (China Medicine Corp)", "score": 21.1724853516, "published": true}, {"hash": "iURE5CuL59w", "uri": "/contracts/iURE5CuL59w#compliance-programs", "label": "Shareholder Agreement (OEP CHME Holdings, LLC)", "score": 21.0848731995, "published": true}], "snippet_links": [{"key": "prior-to-the", "type": "clause", "offset": [6, 18]}, {"key": "after-the-closing", "type": "clause", "offset": [47, 64]}, {"key": "executive-shareholders", "type": "definition", "offset": [70, 92]}, {"key": "member-of-the", "type": "clause", "offset": [110, 123]}, {"key": "cmc-group", "type": "definition", "offset": [124, 133]}, {"key": "satisfaction-of", "type": "clause", "offset": [150, 165]}, {"key": "sole-expense", "type": "definition", "offset": [185, 197]}, {"key": "of-the-company", "type": "clause", "offset": [198, 212]}, {"key": "oversight-and-compliance", "type": "clause", "offset": [242, 266]}, {"key": "in-accordance-with", "type": "clause", "offset": [298, 316]}, {"key": "all-applicable-laws", "type": "definition", "offset": [317, 336]}, {"key": "with-respect-to", "type": "clause", "offset": [337, 352]}, {"key": "compliance-with-anti", "type": "clause", "offset": [358, 378]}, {"key": "bribery-laws", "type": "definition", "offset": [399, 411]}, {"key": "including-without-limitation", "type": "clause", "offset": [413, 441]}, {"key": "fcpa-compliance", "type": "clause", "offset": [442, 457]}, {"key": "pricing-arrangements", "type": "clause", "offset": [474, 494]}, {"key": "related-to", "type": "clause", "offset": [495, 505]}, {"key": "accounting-controls-and-procedures", "type": "clause", "offset": [562, 596]}, {"key": "comply-with-applicable", "type": "clause", "offset": [611, 633]}, {"key": "the-securities-act", "type": "clause", "offset": [649, 667]}, {"key": "the-exchange-act", "type": "definition", "offset": [669, 685]}, {"key": "nasdaq-rules", "type": "definition", "offset": [710, 722]}, {"key": "document-retention-policy", "type": "clause", "offset": [760, 785]}, {"key": "committees-of-the-board-of-directors", "type": "clause", "offset": [823, 859]}, {"key": "policy-or-procedure", "type": "definition", "offset": [896, 915]}, {"key": "requested-by", "type": "clause", "offset": [927, 939]}], "snippet": "On or prior to the date that is six (6) months after the Closing, the Executive Shareholders shall cause each member of the CMC Group to have, to the satisfaction of the OEP and at the sole expense of the Company, established and implemented oversight and compliance programs acceptable to OEP and in accordance with all applicable laws with respect to:\n(i) compliance with anti-corruption and anti-bribery laws (including without limitation FCPA compliance);\n(ii) transfer-pricing arrangements related to transactions among the CMC Group;\n(iii) the adoption of accounting controls and procedures sufficient to comply with applicable law (including the Securities Act, the Exchange Act and applicable NASD and Nasdaq rules);\n(iv) an \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 policy and document retention policy\n(v) the adoption of charters for all committees of the Board of Directors; and\n(vi) the adoption of any other policy or procedure reasonably requested by OEP.", "size": 2, "hash": "6db2c6c9f60a641d3452ccc14002231d", "id": 9}, {"samples": [{"hash": "cconDOfJp2V", "uri": "/contracts/cconDOfJp2V#compliance-programs", "label": "Investment Sub Advisory Agreement (Community Development Fund)", "score": 22.069814682, "published": true}], "snippet_links": [{"key": "of-the-adviser", "type": "clause", "offset": [5, 19]}, {"key": "the-subadviser", "type": "clause", "offset": [24, 38]}, {"key": "in-accordance-with", "type": "clause", "offset": [80, 98]}, {"key": "investment-advisers-act-of-1940", "type": "definition", "offset": [123, 154]}, {"key": "as-amended", "type": "definition", "offset": [156, 166]}, {"key": "written-policies-and-procedures", "type": "clause", "offset": [271, 302]}, {"key": "by-the-adviser", "type": "clause", "offset": [344, 358]}, {"key": "supervised-persons", "type": "definition", "offset": [401, 419]}, {"key": "the-advisers", "type": "clause", "offset": [448, 460]}, {"key": "the-rules", "type": "clause", "offset": [490, 499]}, {"key": "the-sec", "type": "definition", "offset": [500, 507]}, {"key": "to-the-extent", "type": "clause", "offset": [552, 565]}, {"key": "violation-of-the", "type": "clause", "offset": [805, 821]}, {"key": "federal-securities-laws", "type": "clause", "offset": [823, 846]}, {"key": "rule-38a-1", "type": "clause", "offset": [876, 886]}, {"key": "the-1940-act", "type": "clause", "offset": [893, 905]}, {"key": "by-the-fund", "type": "clause", "offset": [907, 918]}, {"key": "compliance-program", "type": "clause", "offset": [1156, 1174]}], "snippet": "Each of the Adviser and the Subadviser hereby represents and warrants that:\n(a) in accordance with Rule 206(4)-7 under the Investment Advisers Act of 1940, as amended (the \"Advisers Act\"), each the Adviser and the Subadviser has adopted and implemented and will maintain written policies and procedures reasonably designed to prevent violation by the Adviser and the Subadviser, respectively, and its supervised persons (as such term is defined in the Advisers Act) of the Advisers Act and the rules the SEC has adopted under the Advisers Act; and\n(b) to the extent that the Adviser's or the Subadviser's activities or services could affect the Fund, each the Adviser and the Subadviser has adopted and implemented and will maintain written policies and procedures that are reasonably designed to prevent violation of the \"federal securities laws\" (as such term is defined in Rule 38a-1 under the 1940 Act) by the Fund, \u2587\u2587\u2587 \u2587\u2587viser and the Subadviser (the Subadviser's policies and procedures referred to in this Paragraph 7(b), along with the Subadviser's policies and procedures referred to in Paragraph 7(a), are referred to herein as the \"Subadviser's Compliance Program\").", "size": 2, "hash": "bda2621097126b1d349feef8d11fd67c", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihxjb21wbGlhbmNlLXByb2dyYW1zIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["applicable-laws-and-regulations", "Applicable Laws and Regulations"], ["general-provisions", "General Provisions"], ["representations-and-warranties-of-the-company", "Representations and Warranties of the Company"], ["contractors-responsibilities", "Contractor\u2019s Responsibilities"], ["affirmative-covenants", "AFFIRMATIVE COVENANTS"]], "size": 132, "title": "Compliance Programs", "children": [["general", "General"], ["administrative-agent-and-affiliates", "Administrative Agent and Affiliates"], ["exculpatory-provisions", "Exculpatory Provisions"], ["reliance-by-the-administrative-agent", "Reliance by the Administrative Agent"], ["delegation-of-duties", "Delegation of Duties"]], "id": "compliance-programs", "related": [["compliance-program", "Compliance Program", "Compliance Program"], ["compliance-plan", "Compliance Plan", "Compliance Plan"], ["anti-money-laundering-compliance-programs", "Anti-Money Laundering Compliance Programs", "Anti-Money Laundering <strong>Compliance Programs</strong>"], ["compliance-program-of-the-sub-adviser", "Compliance Program of the Sub-Adviser", "Compliance Program of the Sub-Adviser"], ["compliance-procedures", "Compliance Procedures", "Compliance Procedures"]], "related_snippets": [], "updated": "2025-10-10T04:23:17+00:00", "also_ask": ["What minimum standards should a compliance program clause mandate to ensure enforceability?", "How can parties negotiate audit and reporting rights to maximize oversight without overburdening operations?", "What are the most common pitfalls or ambiguities in compliance program clauses that courts have found unenforceable?", "How do compliance program requirements differ across key jurisdictions or industries?", "What remedies or consequences should be specified for non-compliance to ensure the clause has real teeth?"], "drafting_tip": "Specify required compliance measures to set clear expectations, mandate regular reporting to monitor adherence, and define consequences for breaches to ensure enforceability.", "explanation": "A Compliance Programs clause requires a party, typically a contractor or service provider, to establish and maintain internal policies and procedures that ensure adherence to applicable laws, regulations, and ethical standards. This may involve implementing training programs, regular audits, and reporting mechanisms to detect and prevent violations such as bribery, corruption, or data privacy breaches. The core function of this clause is to mitigate legal and reputational risks by proactively ensuring that the party\u2019s operations remain in line with regulatory requirements."}, "json": true, "cursor": ""}}