Contract Approvals Clause Samples
The Contract Approvals clause establishes the requirement that certain contracts or agreements must receive formal authorization before they become effective or binding. Typically, this clause outlines which individuals or departments have the authority to approve contracts, and may specify thresholds based on contract value or type. By clearly defining the approval process, this clause helps organizations maintain control over contractual commitments and reduces the risk of unauthorized or unintended agreements.
Contract Approvals. Neither party shall be obligated under this Agreement until the approval of this Agreement by the State of Louisiana Office of State Procurement-Professional Contracts and/or the Commissioner of Administration.
Contract Approvals. All Contracts acquired by the Borrower on the Effective Date and all Contract Payments related thereto, and any Contracts and related Contract Payments involving an Obligor under such Contracts which may be acquired by the Borrower after the Effective Date, to the extent set forth on the initial Asset Approval Notice, are deemed to satisfy clause (iii) of the definition of Eligible Contract Payment. The Borrower shall provide written notice to the Facility Agent of its intent to purchase any Contract from the Equityholder prior to any proposed purchase date, along with such description and supporting information regarding the Contract as requested by the Facility Agent. The Borrower shall not acquire any Contract unless the Facility Agent has granted its prior approval hereunder. The Facility Agent shall grant or deny its approval within a reasonable period of time (not to exceed ten (10) Business Days) following receipt of an Asset Approval Request (along with any relevant credit materials, including underwriting memos, financial statements and other information reasonably requested by the Facility Agent); provided that if the Facility Agent fails to respond within such ten (10) Business Day period, such request will be deemed to be denied. Once a Contract has been approved hereunder, all Contract Payments related thereto shall be deemed to satisfy clause (iii) of the definition of Eligible Contract Payment for all purposes hereunder.
Contract Approvals. Lender shall have the right to approve all contracts or work orders with materialmen, mechanics, suppliers, subcontractors, contractors or other parties providing labor or materials in connection with any Repair, Replacement or Tenant Improvement. Upon Lender's request, Borrower shall assign any such contract or subcontract to Lender.
Contract Approvals. Prior to entering into any contracts for ENGINEERING of the shared use path the CITY shall provide copies of such proposed contracts to the COUNTY within fourteen (14) days of receipt for review and approval. The COUNTY shall review and either approve or provide recommendations to the CITY for proposed changes to the proposed contracts within twenty-one
Contract Approvals. This Agreement is contingent upon Buyer obtaining the Buyer Approvals.
Contract Approvals. The undersigned understands and agrees to the terms herein set forth. The undersigned, individually or as authorized agent of the entity below set forth, agrees to abide by them, and also acknowledges receiving a copy of this Contract.
Contract Approvals. This contract for over a million dollars for a multi-year term is subject to the approval of the D.C. City Council and the Federal Office of Child Support Enforcement.