CONTRACT REVIEW PROCEDURES Sample Clauses

CONTRACT REVIEW PROCEDURES. The Company, primarily through its subsidiaries NJNG, NJRES and NJR Energy Holdings Corporation (and its subsidiaries), currently engages in regulated (tariff-based) and unregulated (non tariff-based) Wholesale Transactions involving both physical and financial deals. Physical deals are typically transacted under the -21- New Jersey Natural Gas Company Risk Management Committee Guideline and Procedures NAESB Contract, but may be transacted under a customized purchase and sale agreement. The NAESB Contract (and its predecessor, the GISB Contract) may be modified by the incorporation of “Special Provisions” to those contracts. Financial deals are typically transacted under the ISDA, which is modified to meet the particular needs of the contracting parties through negotiation and incorporation of special provisions in the “ISDA Schedule” and/or an “ISDA Credit Support Annex”. Corporate guaranties and other credit support documents provide credit support to both physical and financial deals. These documents are requested in accordance with the Credit Policy discussed in Part 2 below. Separate payment netting agreements may be used to compensate for the lack of a netting provision in a particular deal; however, most netting is included as part of the standard NAESB Contract and ISDA and separate netting agreements are discouraged. Individual customized purchase and sale agreements, i.e., contracts other than the NAESB Contract and the ISDA, are discouraged and will only be entered into under special circumstances. Trading exchange participation agreements are governed by the standard agreements of the individual exchange and are entered into as necessary. Administration of the review process for Wholesale Transactions under this Policy shall be the primary responsibility of the Contracts Manager.
Sample 1
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CONTRACT REVIEW PROCEDURES. 15.4.1 The Parties must at regular intervals, unless otherwise specified in the Order, conduct a service and performance review of the Contractor’s performance of the Contract including its obligations under any Service Level Agreement; AGREEMENT
Sample 1

Related to CONTRACT REVIEW PROCEDURES

  • Review Procedures The Parties agree to jointly conduct a review, sampling transactions of the incidents managed under this Agreement. Findings that are inconsistent with the normal or accepted way of doing business will be reconciled on a case by case basis. Any decision to further examine records will be considered on a case by case basis and appropriate follow up action agreed upon by all agencies involved. Payment for Protection Services (use if appropriate) Geographic, Statewide or Sub-Geographic (local) operating plans and procurement documents or agreement will establish billing procedures for Fee Basis Protection Services.

  • Contract Review Agent shall have reviewed all material contracts of Borrowers including, without limitation, leases, union contracts, labor contracts, vendor supply contracts, license agreements and distributorship agreements and such contracts and agreements shall be satisfactory in all respects to Agent;

  • Review Procedure If the Plan Administrator denies part or all of the claim, the claimant shall have the opportunity for a full and fair review by the Plan Administrator of the denial, as follows:

  • Escalation Procedures 48.1 The Standard Practices outlines the escalation process which may be invoked at any point in the Service Ordering, Provisioning, and Maintenance processes to facilitate rapid and timely resolution of disputes.

  • Claims and Review Procedures 6.1 For all claims other than Disability benefits:

  • Transition Procedures Upon the expiration or termination of the Term of this Lease, for whatever reason (other than a purchase of the Leased Property by Lessee), Lessor and Lessee shall do the following (and the provisions of this Section 2.3 shall survive the expiration or termination of this Lease until they have been fully performed) and, in general, shall cooperate in good faith to effect an orderly transition of the management and/or lease of the Hotel:

  • Notification Procedures To address non-compliance, the receiving Competent Authority would notify the providing Competent Authority pursuant to Article 5 of the IGA. The notification procedures would differ depending upon whether the receiving Competent Authority seeks to address administrative or other minor errors or significant non-compliance.

  • Quality Control Procedures The Seller must have an internal quality control program that verifies, on a regular basis, the existence and accuracy of the legal documents, credit documents, property appraisals, and underwriting decisions. The program must be capable of evaluating and monitoring the overall quality of its loan production and servicing activities. The program is to ensure that the Mortgage Loans are originated and serviced in accordance with prudent mortgage banking practices and accounting principles; guard against dishonest, fraudulent, or negligent acts; and guard against errors and omissions by officers, employees, or other authorized persons.

  • Claim Procedures Claim forms or claim information as to the subject policy can be obtained by contacting Benmark, Inc. (800-544-6079). When the Named Fiduciary has a claim which may be covered under the provisions described in the insurance policy, they should contact the office named above, and they will either complete a claim form and forward it to an authorized representative of the Insurer or advise the named Fiduciary what further requirements are necessary. The Insurer will evaluate and make a decision as to payment. If the claim is payable, a benefit check will be issued in accordance with the terms of this Agreement. In the event that a claim is not eligible under the policy, the Insurer will notify the Named Fiduciary of the denial pursuant to the requirements under the terms of the policy. If the Named Fiduciary is dissatisfied with the denial of the claim and wishes to contest such claim denial, they should contact the office named above and they will assist in making an inquiry to the Insurer. All objections to the Insurer's actions should be in writing and submitted to the office named above for transmittal to the Insurer.

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