Compliance Section Clause Samples
The Compliance Section sets out the obligations of the parties to adhere to all applicable laws, regulations, and internal policies relevant to the agreement. It typically requires each party to confirm that their actions, products, or services will not violate any legal or regulatory requirements, and may include specific references to anti-bribery, data protection, or industry-specific standards. This clause ensures that both parties are legally accountable and helps prevent legal disputes or penalties arising from non-compliance.
Compliance Section. 15(f). The Acquiring Trust agrees that, for the minimum time periods specified in Section 15(f) of the 1940 Act it shall take (or refrain from taking, as the case may be) such actions as are necessary to ensure that: (i) at least seventy-five percent (75%) of the trustees of the Acquiring Fund shall not be "interested persons" (as that term is defined in the ▇▇▇▇ ▇▇▇) of the Acquiring Fund's investment adviser or the Acquired Fund's investment adviser; (ii) no "unfair burden" (as that term is defined in Section 15(f)(2)(B) of the ▇▇▇▇ ▇▇▇) shall be imposed on the Acquiring Fund; and (iii) each vacancy among the trustees of the Acquiring Fund which must be filled by a person who is an interested person neither of the Acquiring Fund's investment adviser nor of the Acquired Fund's investment adviser so as to comply with Section 15(f) of the 1940 Act, as if such Section were applicable, shall be filled in the manner specified by Section 16(b)
Compliance Section. This reporting may include all the submission of copies of payrolls of its employees and by all subcontractors under A(3)(ii)(a) Federal Labor Standards Provision. The Developer shall take affirmative action to ensure that applicants for employment are employed, contractors or subcontractors receive contracts, and all employees are treated, without regard to their race, color, religion, sex, or national origin. Such action shall include, but not be limited to the following: The Developer shall incorporate the foregoing requirements of this paragraph in all of its contracts, except those exempt by law, and will require all of its contractors to incorporate such requirements in all subcontracts. SECTION 503 AFFIRMATIVE ACTION FOR QUALIFIED INDIVIDUALS WITH DISABILITIES: The Developer and any subcontractors will comply with the provisions of Section 503 of the Rehabilitation Act of 1973, if the funding award of their Agreement is $2,500 or more, including, but not limited, to the following:
Compliance Section. The appropriate Quality Agreement template is inserted here. Use instructions for the Quality Agreement templates: Text highlighted in yellow indicates alternative or optional wordings. Text highlighted in blue indicates a link to one of the Annexes with additional information. are for information/explanation purposes only, and they would not appear in the actual Quality Agreement. Text in green boxes represents specific conditions for Materials still under development.
Compliance Section