{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-community", "type": "clause", "offset": [6, 19]}, {"key": "to-ensure", "type": "clause", "offset": [37, 46]}, {"key": "internal-control-procedures", "type": "clause", "offset": [54, 81]}, {"key": "decisions-of-council", "type": "clause", "offset": [200, 220]}, {"key": "council-resolution", "type": "definition", "offset": [232, 250]}, {"key": "approved-by", "type": "definition", "offset": [281, 292]}, {"key": "council-meeting", "type": "definition", "offset": [313, 328]}, {"key": "the-minutes", "type": "clause", "offset": [330, 341]}, {"key": "chair-of-the-meeting", "type": "clause", "offset": [369, 389]}, {"key": "administrative-officer", "type": "clause", "offset": [439, 461]}, {"key": "monthly-financial-statements", "type": "definition", "offset": [465, 493]}, {"key": "internal-control-system", "type": "definition", "offset": [594, 617]}, {"key": "generated-revenue", "type": "definition", "offset": [659, 676]}, {"key": "services-provided", "type": "definition", "offset": [694, 711]}, {"key": "all-employees", "type": "definition", "offset": [816, 829]}, {"key": "casual-employees", "type": "definition", "offset": [841, 857]}, {"key": "permanent-employee", "type": "clause", "offset": [899, 917]}, {"key": "employee-and-supervisor", "type": "clause", "offset": [971, 994]}, {"key": "standard-employee", "type": "clause", "offset": [1000, 1017]}, {"key": "agreement-to-be", "type": "clause", "offset": [1018, 1033]}, {"key": "appendix-a-of-the", "type": "clause", "offset": [1060, 1077]}, {"key": "management-guide", "type": "definition", "offset": [1087, 1103]}, {"key": "job-description", "type": "definition", "offset": [1151, 1166]}, {"key": "employees-must", "type": "clause", "offset": [1174, 1188]}, {"key": "designated-supervisor", "type": "definition", "offset": [1196, 1217]}, {"key": "time-sheets", "type": "clause", "offset": [1235, 1246]}, {"key": "during-the-year", "type": "definition", "offset": [1415, 1430]}, {"key": "training-plan", "type": "clause", "offset": [1490, 1503]}, {"key": "in-place", "type": "definition", "offset": [1504, 1512]}, {"key": "most-recent", "type": "definition", "offset": [1575, 1586]}, {"key": "authorized-by", "type": "definition", "offset": [1644, 1657]}, {"key": "a-purchase-order", "type": "definition", "offset": [1684, 1700]}, {"key": "receipt-of-goods", "type": "definition", "offset": [1790, 1806]}, {"key": "capital-replacement-reserve", "type": "definition", "offset": [1978, 2005]}, {"key": "department-approval", "type": "clause", "offset": [2014, 2033]}, {"key": "disbursements-from", "type": "clause", "offset": [2041, 2059]}, {"key": "operating-reserves", "type": "definition", "offset": [2072, 2090]}, {"key": "relate-to", "type": "definition", "offset": [2142, 2151]}, {"key": "the-purpose", "type": "clause", "offset": [2152, 2163]}, {"key": "weekly-basis", "type": "definition", "offset": [2256, 2268]}, {"key": "bank-reconciliations", "type": "clause", "offset": [2299, 2319]}, {"key": "must-be-completed", "type": "clause", "offset": [2320, 2337]}, {"key": "monthly-basis", "type": "definition", "offset": [2343, 2356]}, {"key": "general-ledger", "type": "definition", "offset": [2376, 2390]}, {"key": "the-information", "type": "clause", "offset": [2468, 2483]}], "samples": [{"hash": "2MuB2CyD8Gw", "uri": "/contracts/2MuB2CyD8Gw#management-controls", "label": "Audit Contract", "score": 28.0825856309, "published": true}, {"hash": "dgonxinMxn8", "uri": "/contracts/dgonxinMxn8#management-controls", "label": "Audit Contract", "score": 24.4674880219, "published": true}], "size": 3, "snippet": "It is the Community\u2019s responsibility to ensure proper internal control procedures are implemented and adhered to. The following indicates areas where management controls are required: \u2022 General o All decisions of council must be by council resolution. o Council minutes need to be approved by council at the next council meeting. The minutes need to be endorsed by the chair of the meeting in which they were approved and by the community administrative officer. o Monthly financial statements need to be approved by council at the next council meeting. \u2022 Revenue o Communities need to have an internal control system for recording and collecting all locally generated revenue. o Rates for all services provided must be approved by council resolution. o Receipts are pre-numbered using Sage 50 software. \u2022 Payroll o All employees, including casual employees, are hired by council resolution. o Each permanent employee must have a current employee agreement signed by the employee and supervisor. The standard employee agreement to be used by communities is in Appendix A of the Employee Management Guide. o Each permanent employee must have a current job description. o All employees must have a designated supervisor. o There must be time sheets to support each payroll cheque to all employees which is signed by the employee\u2019s appointed supervisor. o Each employee\u2019s performance should be appraised at least once during the year by the appointed supervisor. o Each employee should have a training plan in place which addresses any deficiencies identified in the employee\u2019s most recent appraisal. \u2022 Expenditures o All expenditures must be pre-authorized by council resolution or via a purchase order signed by someone delegated to do so by council resolution. o All invoices must have the receipt of goods indicated and are to be marked paid with the cheque number recorded on the invoice. o All cheques are pre-numbered and require two signatures. o All expenditures from the capital replacement reserve require department approval. o All disbursements from maintenance/operating reserves require a resolution by council. Expenditures must relate to the purpose for which each particular reserve was established. \u2022 Cash o Receipts must be deposited on a weekly basis if the amount exceeds $200. o Bank reconciliations must be completed on a monthly basis and balance to the general ledger. THE NORTHERN AFFAIRS ACT (C.C.S.M. c. N100) Council Compensation Regulation The information in this appendix is taken from Manitoba Regulation 252/2006.", "hash": "9003103dd164e263b30cb89c4182ae67", "id": 1}, {"snippet_links": [{"key": "the-owners", "type": "definition", "offset": [0, 10]}, {"key": "management-procedures", "type": "clause", "offset": [31, 52]}, {"key": "control-costs", "type": "clause", "offset": [65, 78]}, {"key": "quality-of-product", "type": "clause", "offset": [87, 105]}, {"key": "customer-service", "type": "definition", "offset": [127, 143]}, {"key": "the-venue", "type": "definition", "offset": [145, 154]}, {"key": "specific-order", "type": "definition", "offset": [172, 186]}, {"key": "to-determine", "type": "definition", "offset": [333, 345]}, {"key": "preparation-of", "type": "clause", "offset": [371, 385]}, {"key": "loss-reports", "type": "definition", "offset": [404, 416]}, {"key": "inventory-tracking", "type": "definition", "offset": [424, 442]}, {"key": "specific-items", "type": "clause", "offset": [477, 491]}, {"key": "sales-data", "type": "clause", "offset": [522, 532]}, {"key": "to-ensure", "type": "clause", "offset": [533, 542]}, {"key": "designated-products", "type": "definition", "offset": [543, 562]}], "samples": [{"hash": "cSeUAiG04HN", "uri": "/contracts/cSeUAiG04HN#management-controls", "label": "Non Disclosure and Confidentiality Agreement", "score": 27.0547570157, "published": true}, {"hash": "dKvL5RgeXZc", "uri": "/contracts/dKvL5RgeXZc#management-controls", "label": "Non Disclosure and Confidentiality Agreement", "score": 26.8165639973, "published": true}], "size": 2, "snippet": "The Owners will practice sound management procedures in order to control costs, insure quality of product and provide friendly customer service. The venue will use an item specific order guide to track order history and maintain designated levels of product in inventory. Weekly Inventory: Management will conduct a weekly inventory to determine valuation for use in the preparation of weekly profit and loss reports. Daily Inventory Tracking: Daily inventory will be taken on specific items. Movement will be compared to sales data to ensure designated products have been properly accounted for.", "hash": "46c91733d796c46bc1249ddb0a755e29", "id": 2}, {"snippet_links": [{"key": "disclosure-controls-and-procedures", "type": "clause", "offset": [55, 89]}, {"key": "to-ensure", "type": "clause", "offset": [99, 108]}, {"key": "required-to-be-disclosed", "type": "clause", "offset": [126, 150]}, {"key": "time-periods", "type": "definition", "offset": [240, 252]}, {"key": "without-limitation", "type": "clause", "offset": [325, 343]}, {"key": "management-of", "type": "clause", "offset": [499, 512]}, {"key": "financial-officers", "type": "definition", "offset": [574, 592]}, {"key": "timely-decisions", "type": "clause", "offset": [660, 676]}, {"key": "required-disclosure", "type": "definition", "offset": [687, 706]}, {"key": "the-chief-executive-officer", "type": "clause", "offset": [774, 801]}, {"key": "in-a-timely-manner", "type": "definition", "offset": [845, 863]}, {"key": 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3200]}, {"key": "disposition-of", "type": "clause", "offset": [3209, 3223]}, {"key": "material-effect", "type": "definition", "offset": [3288, 3303]}, {"key": "knowledge-of", "type": "clause", "offset": [3354, 3366]}, {"key": "prior-to-the", "type": "clause", "offset": [3380, 3392]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [3393, 3415]}, {"key": "no-significant-deficiencies", "type": "clause", "offset": [3431, 3458]}, {"key": "the-design", "type": "clause", "offset": [3462, 3472]}, {"key": "operation-of", "type": "clause", "offset": [3476, 3488]}, {"key": "material-weakness", "type": "clause", "offset": [3493, 3510]}, {"key": "reporting-of", "type": "clause", "offset": [3552, 3564]}, {"key": "reasonably-likely", "type": "definition", "offset": [3586, 3603]}, {"key": "adversely-affect", "type": "definition", "offset": [3607, 3623]}, {"key": "to-record", "type": "definition", "offset": [3651, 3660]}, {"key": "financial-information", "type": "definition", "offset": [3692, 3713]}, {"key": "completion-of-the-arrangement", "type": "clause", "offset": [3724, 3753]}, {"key": "no-fraud", "type": "clause", "offset": [3773, 3781]}, {"key": "not-material", "type": "clause", "offset": [3794, 3806]}, {"key": "employees-who", "type": "clause", "offset": [3842, 3855]}, {"key": "the-accounting", "type": "clause", "offset": [4309, 4323]}, {"key": "internal-accounting-controls", "type": "clause", "offset": [4446, 4474]}, {"key": "engaged-in", "type": "definition", "offset": [4580, 4590]}, {"key": "satisfaction-of", "type": "clause", "offset": [4673, 4688]}, {"key": "audit-committee-of-the-board-of-directors", "type": "clause", "offset": [4693, 4734]}], "samples": [{"hash": "4ogrPob15E", "uri": "/contracts/4ogrPob15E#management-controls", "label": "Arrangement Agreement (Jinchuan Group LTD)", "score": 22.0704996578, "published": true}], "size": 2, "snippet": "(a) Continental has devised and maintained a system of disclosure controls and procedures designed to ensure that information required to be disclosed by Continental under the BCSA is recorded, processed, summarized and reported within the time periods specified in the BCSA. Such disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by Continental under the BCSA is accumulated and communicated to the management of Continental, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. Such disclosure controls and procedures are effective in alerting the chief executive officer and chief financial officer of Continental in a timely manner to material information required to be disclosed by Continental under the BCSA.\n(b) There is currently no effect, event, occurrence or state of facts that would, or would reasonably be expected to, prevent the chief executive officer and/or the chief financial officer from properly providing the certifications required under Multilateral Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings with respect to Continental's filings for its fiscal year ended December 31, 2010 if the Arrangement does not complete.\n(c) Neither Continental nor any of its Subsidiaries is a party to, or has any commitment to become a party to, any joint venture, off balance sheet partnership or any similar contract (including any contract or arrangements relating to any transaction or relationship between or among Continental and any of its Subsidiaries, on the one hand, and any unconsolidated affiliate, including any structured finance, special purpose or limited purpose entity or person, on the other hand), or any \"off balance sheet arrangements\", where the result, purpose or intended effect of such contract is to avoid disclosure of any material transaction involving, or material liabilities of, Continental or any of its Subsidiaries in Continental's published financial statements.\n(d) Continental has devised and maintains internal control over financial reporting adequate to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with Canadian generally accepted accounting principles and includes policies and procedures that: (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of Continental and its Subsidiaries; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with Canadian generally accepted accounting principles, and that receipts and expenditures of Continental and its Subsidiaries are being made only in accordance with authorizations of management and directors of Continental and its Subsidiaries; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the assets of Continental or its Subsidiaries that could have a material effect on Continental's financial statements.\n(e) To the knowledge of Continental, prior to the date of this Agreement, (i) there are no significant deficiencies in the design or operation of, or material weakness in, the internal controls over financial reporting of Continental that are reasonably likely to adversely affect the ability of Continental to record, process, summarize and report financial information following completion of the Arrangement, and (ii) there is no fraud, whether or not material, that involves management or other employees who have a significant role in the internal control over financial reporting of Continental.\n(f) Since January 1, 2007, neither Continental nor any of its Subsidiaries nor, to the knowledge of Continental, any director, officer, employee, auditor, accountant or representative of Continental or any of its Subsidiaries has received or otherwise had or obtained knowledge of any complaint, allegation, assertion, or claim, whether written or oral, regarding the accounting or auditing practices, procedures, methodologies or methods of Continental or any of its Subsidiaries or their respective internal accounting controls, including any complaint, allegation, assertion or claim that Continental or any of its Subsidiaries has engaged in questionable accounting or auditing practices, which has not been resolved to the satisfaction of the audit committee of the board of directors of Continental.", "hash": "642a84b8da148e43815571a83a7ec4da", "id": 3}, {"snippet_links": [{"key": "adhere-to", "type": "clause", "offset": [25, 34]}, {"key": "control-guidelines", "type": "clause", "offset": [52, 70]}, {"key": "policies-and-procedures", "type": "clause", "offset": [135, 158]}, {"key": "legal-and-regulatory-requirements", "type": "clause", "offset": [181, 214]}, {"key": "management-information", "type": "clause", "offset": [235, 257]}, {"key": "required-by", "type": "definition", "offset": [275, 286]}, {"key": "portfolio-manager", "type": "clause", "offset": [292, 309]}, {"key": "audit-report", "type": "clause", "offset": [383, 395]}, {"key": "upon-request", "type": "definition", "offset": [410, 422]}, {"key": "operational-reviews", "type": "clause", "offset": [474, 493]}], "samples": [{"hash": "hken4jcFztN", "uri": "/contracts/hken4jcFztN#management-controls", "label": "Portfolio Manager Iiroc Dealer Services Agreement", 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"snippet": "Terasen Inc. (i) has designed disclosure controls and procedures to ensure that material information relating to the Acquired Entities is made known to the management of Terasen Inc. by others within those entities, and (ii) has disclosed, based on its most recent report prior to the date hereof, to Terasen Inc.\u2019s auditors and the audit committee of Terasen Inc. any fraud, whether or not material, that involves management or other employees who have a significant role in Terasen Inc.\u2019s internal controls. Seller has made available to Buyer a summary of any such disclosure made by management to Terasen Inc.\u2019s auditors and audit committee since January 1, 2006 as such disclosure pertains to the Acquired Entities.", "hash": "1e176d06f5bacd5d83b77a60cb8d435a", "id": 5}, {"snippet_links": [{"key": "by-the-issuer", "type": "clause", "offset": [12, 25]}, {"key": "the-covenants", "type": "clause", "offset": [48, 61]}, {"key": "in-writing", "type": "clause", "offset": [106, 116]}, {"key": "by-holdings", "type": "clause", "offset": [117, 128]}, {"key": "right-to-specific-performance", "type": "clause", "offset": [158, 187]}, {"key": "equitable-remedies", "type": "definition", "offset": [195, 213]}, {"key": "available-under", "type": "clause", "offset": [225, 240]}, {"key": "applicable-law", "type": "clause", "offset": [241, 255]}, {"key": "holders-of", "type": "clause", "offset": [261, 271]}, {"key": "stock-shall", "type": "definition", "offset": [295, 306]}, {"key": "no-rights-or-remedies", 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The holders of the Series E Preferred Stock shall have no rights or remedies under this SECTION 8.14 other than the right to receive copies of the Annual Budget Plan, Approved Annual Budget, Updated Budget and Approved Updated Budget pursuant to subsections (a) and (b) hereof.\n(a) The Issuer hereby agrees that, so long as Holdings controls or holds Series D Preferred Stock with a liquidation preference of $25 million or more, the Issuer shall within thirty (30) days prior to the fiscal year end deliver to Holdings, a proposed detailed budget plan (the \"ANNUAL BUDGET PLAN\"), on both a consolidated and consolidating basis, for the operations of the Companies and the Subsidiaries for the next fiscal year, prepared by the Issuer's officers and employees and certified by the chief financial officer of the Issuer, which Holdings shall have the right, in its sole discretion to approve, modify or disapprove in whole or in part, including on a \"line item\" basis. Any Annual Budget Plan (or any portion thereof) approved in writing by Holdings is herein referred to as an \"APPROVED ANNUAL BUDGET\". A copy of the Annual Budget Plan and the Approved Annual Budget shall be provided to holders of the Series E Preferred Stock holding in excess of 49% of the outstanding Series E Preferred Stock, unless such holders request not to receive copies of such budgets.\n(b) The Issuer hereby agrees that, so long as Holdings controls or holds Series D Preferred Stock with a liquidation preference of $25 million or more, the Issuer shall deliver on or immediately prior to June 10 of each year to Holdings, an update of the Approved Annual Budget for that year (the \"UPDATED BUDGET\"), on both a consolidated and consolidating basis, for the operations of the Companies and the Subsidiaries for that year, prepared by the Issuer's officers and employees and certified by the chief financial officer of the Issuer, which Holdings shall have the right, in its sole discretion to approve, modify or disapprove in whole or in part, including on a \"line item\" basis. Any Updated Budget (or any items therein or portion thereof) approved in writing by Holdings is herein referred to as an \"APPROVED UPDATED BUDGET\" and together with the Approved Annual Budget, the \"APPROVED BUDGETS.\" A copy of the Updated Budget and the Approved Updated Budget shall be provided to the holders of the Series E Preferred Stock holding in excess of 49% of the outstanding Series E Preferred Stock, unless such holders request not to receive copies of such budgets. No actions on the part of the Issuer's Board or its officers or employees shall be permitted without prior approval of Holdings after June 30 of each year for which an Updated Budget for such year has not been approved (until such time as an Updated Budget for such year has been approved in accordance herewith).\n(c) The Issuer hereby agrees that, so long as Holdings controls or holds Series D Preferred Stock with a liquidation preference of $25 million, without the prior written approval of Holdings, the Issuer shall not, and shall not permit any of its subsidiaries to, directly or indirectly:\n(i) Make or commit to make any individual expenditures over $25,000 for any purpose that is not set forth or otherwise expressly contemplated in the latest Approved Budget;\n(ii) Convey, sell, lease, assign, transfer or otherwise dispose of any property, business or assets (including, without limitation, receivables and leasehold interests) with a value that exceeds $25,000 individually whether now owned or hereafter acquired;\n(iii) Approve the annual or other compensation for any officer or director, or any salary increases or bonus payments, benefit packages, form of employment agreements, expense reimbursement guidelines (and exceptions thereto) or any other adjustment to the compensation for any officer or director;\n(iv) Change any of its accounting practices or procedures;\n(v) Create, incur, assume or suffer to exist any indebtedness for borrowed money or any other indebtedness in an individual amount in excess of $25,000, except indebtedness under hedging contracts approved by the Board in compliance with the senior debt of the Issuer;\n(vi) Assume any liabilities or issue any guarantees for any amount, except in the case of any liabilities or guarantees in an individual amount that does not exceed $25,000;\n(vii) Commence or settle any litigation where the amount in controversy exceeds $25,000 or injunctive relief is sought;\n(viii) Transfer, loan, assign or otherwise convey any assets or monies to subsidiaries of the Companies;\n(ix) Amend or alter the Credit Agreement or any documents relating to other indebtedness in an individual amount in excess of $25,000;\n(x) Approve any reimbursements to the senior officers of the Companies for expense accounts, travel expenses or any other reimbursable out-of-pocket expenses in excess of $3,000 in any calendar month with respect to any officer; and\n(xi) Approve the hiring or termination of management employees. PROVIDED, HOWEVER, that nothing in this SECTION 8.14 shall be construed to require the approval of Holdings for, or otherwise render invalid, any action by any Company, taken or directed by an officer or other employee of any Company in good faith in or in response to explosion, fire, flood or other emergency or exigent circumstances to prevent loss of life or injury to persons or property or to comply with applicable governmental or regulatory requirements including without limitation Environmental Laws, but the Companies shall, as promptly as possible, report such emergency or exigent circumstances and the actions taken with respect thereto to Holdings.", "hash": "8187ad38d2140c9c136f1b2f35df0fd7", "id": 6}, {"snippet_links": [{"key": "section-9", "type": "clause", "offset": [3, 12]}], "samples": [{"hash": "7Aav70Hzk9p", "uri": "/contracts/7Aav70Hzk9p#management-controls", "label": "Exchange Agreement (Enron Corp/Or/)", "score": 18.0, "published": true}], "size": 2, "snippet": "25 SECTION 9. 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Typically, this clause outlines the rights of one party to monitor progress, request reports, conduct audits, or require compliance with specific policies and guidelines. By setting clear expectations for oversight and accountability, the clause helps ensure that contractual obligations are met and mitigates the risk of mismanagement or non-compliance."}, "json": true, "cursor": ""}}