Legal Update. Together with each delivery of a Compliance Certificate pursuant to Section 5.1(d) and otherwise promptly upon any Authorized Officer’s knowledge thereof, written notice of the occurrence of any material legal developments reasonably expected to have a significant adverse impact on Holdings’ commercial loan program (or, if there are no such material legal developments since the last update provided by Company pursuant to this Section 5.1(g), a written confirmation that there are no such legal developments since such last update);
Legal Update. The Contractor shall update the Board quarterly (no later than 30 days after March 31, June 30, September 30, and December 31) regarding any changes to its Licensing, Registration, Disciplinary Action and Litigation disclosure or the Legal Disclosure Certification information. This also includes disclosure of any new actions that have been brought against Contractor subsequent to its initial disclosure at the time of the execution of this Agreement. If no changes or new actions have occurred, the Contractor will state so in its quarterly report to the Board. Required back-up documentation for the quarterly update include copies of the Contractor’s most recent 10-K and 10-Q (Legal Proceedings sections only) if such filings are required of the firm with the SEC; an updated copy of any Contractor’s Schedule to its Form BD of FINRA regarding regulatory actions, and an updated copy of any Contractor’s Item 11 Disclosure Information to its Form-ADV and any related Disclosure Reporting Page.
Legal Update. In recent years, including the time since the last plan update (2018) was developed, the State of California has enacted numerous legislative changes that have impacted the way that schools and districts deal with the issue of student suspensions (which often lead to expulsion) and expulsions. An effective plan aimed at better serving expelled students must take these changes into account in addition to relevant sections of the education code that are worthy of note and may assist schools and districts in their efforts to better serve students subject to expulsion. Therefore, this section highlights some of the most important recent legislative changes as they impact student suspension and expulsion. SUSPENSION
Legal Update. Promptly upon any Authorized Officer’s knowledge thereof, written notice of the occurrence of any material legal developments reasonably expected to have a significant adverse impact on the Borrower’s loan program (or, if there are no such material legal developments since the last update provided by the Borrower pursuant to this Section 0, a written confirmation that there are no such legal developments since such last update). (h)
Legal Update. Together with each delivery of a Compliance Certificate pursuant to Section 5.1(d) and otherwise promptly upon any Authorized Officer’s knowledge thereof, written notice of the occurrence of any material Change in Law reasonably expected to have a significant adverse impact on Holding’s commercial loan program (or, if there are no such material Changes in Law since the last update provided by Company pursuant to this Section 5.1(g), a written confirmation that there are no such legal developments since such last update).
