Due Diligence Procedures Clause Samples
The Due Diligence Procedures clause outlines the steps and standards that parties must follow to investigate and verify relevant information before finalizing an agreement or transaction. Typically, this involves reviewing financial records, legal documents, and operational data to assess the accuracy and completeness of representations made by the other party. By establishing a clear process for information gathering and verification, this clause helps mitigate risks, ensures informed decision-making, and protects parties from potential misrepresentations or undisclosed liabilities.
Due Diligence Procedures. 25.1. In order to facilitate the certifications and disclosures described above, the company has established the following procedures to ensure that the CFO and CEO are knowledgeable regarding the financial and operational affairs of the company and with the content of periodic reports to be filed with any governmental agency:
25.1.1. The vice president, manufacturing operations, shall maintain and or establish practices to assure the accurate and timely collection of information and report weekly in writing to the CEO, CFO and such other executive officers and employees as such vice president shall determine regarding the status of manufacturing operations, costs, quality, inventories, backlog, capital equipment, personnel, and other information relative to such vice president’s area of responsibility. Employment Agreement – ▇▇▇▇ ▇▇▇▇ 24th April 2006
25.1.2. The vice president, CFO shall maintain written policies and procedures relating to such officer’s area of responsibility, including procedures and controls to assure the accurate and timely collection of financial data and information from all operating entities of the company. In addition, the CFO shall provide written reports to the CEO and such other executive officers and employees as such vice president shall determine, not less frequently than monthly regarding the results of operations, cash flows and financial affairs of the company. The CFO shall report any material events to the CEO and such other executive officers of the company as shall be affected by such event as promptly as practicable.
25.1.3. The vice president, General Counsel, shall provide written reports to the CEO and CFO regarding the status of litigation not less frequently than quarterly and shall report all material events as promptly as practicable.
25.1.4. The vice presidents, sales and marketing, shall report to the CEO not less frequently than monthly regarding trends, competition, and other matters related to sales and marketing of the company’s products.
25.2. The CFO and CEO shall review the system of internal controls as of a date within 90 days prior to the issuance of any report to be filed with the Securities and Exchange Commission and include in each such report their conclusions about the effectiveness of their internal controls based on their evaluation as of that date.
25.3. The CEO and CFO shall disclose to the company’s outside auditors and to the audit committee of the board of directors:
25.3.1. all signi...
Due Diligence Procedures. Non-publicly traded CIS Are fund managers responsible for the CRS due diligence and reporting obligations for non-publicly traded CIS under the CRS? The due diligence and reporting obligations for non-publicly traded CIS under both CRS and FATCA fall on the fund manager. For non-publicly traded ▇▇▇, given that the fund manager is responsible for performing AML/CFT due diligence and on- boarding of the investor, the fund manager shall similarly be responsible for complying with the obligations under the CRS. Where the fund manager is not based in Singapore and the CIS is a trust, the local trustee shall be responsible for complying with the obligations under the CRS. The fund manager or trustee may appoint a third-party service provider to fulfil due diligence and reporting requirements, but the fund manager or trustee remains responsible for ensuring that these requirements are fulfilled.
Due Diligence Procedures. The due diligence, collateral control and collection procedures used by Borrowers with respect to the Assigned Loans are no less stringent than Standard Industry Practices. All Borrower Due Diligence Reports have been prepared or reviewed by a Borrower. The factual information contained in the Borrower Due Diligence Reports, including without limitation, regarding title to and the condition of each Assigned Loan (but not including valuation amounts and cash flow projections) has not been intentionally misstated by Borrowers, and, with respect to the Asset Portfolios taken as a whole, the Borrower Due Diligence Reports accurately reflected the material facts concerning each of the Assigned Loans and Mortgaged Properties included in such Asset Portfolios at the time the Borrower Due Diligence Reports were prepared.
Due Diligence Procedures. It is understood that the Company and Siemens may, as may be mutually agreed upon, conduct appropriate due diligence using procedures acceptable to each of them and reasonably designed to effectuate the purposes of this Agreement.
Due Diligence Procedures