Ongoing Requirements Clause Samples

Ongoing Requirements. In addition to completion of the Improvements in accordance with subsection (A) above, Stewardship agrees to the following terms and conditions. Failure to comply with this subsection (B) will result in default and require Stewardship to repay the Program Grant as provided in subsection (C). For the ten (10) year period following the Effective Date: (1) Stewardship must establish and maintain the highest industry standards for residency requirements and property management that ensures measurable and long-term value for City’s investment of revitalization funds. (2) Stewardship must remain compliant with all applicable City codes, and must not receive Tier Designations below a Tier 1 following two Primary Team Inspections. Should Stewardship fail to regain compliance such that the property receives Tier Designations below a Tier 1 following two Primary Team Inspections, the Program Grant will be refunded to City based on its pro-rata remaining value as set forth in subsection (C). (3) The Primary Team Inspection to establish the initial Tier Designation shall be performed by City within thirty (30) days of the final issuance of a Green Tag for the Improvements. (4) Prior to City performing a Primary Team Inspection to establish the initial Tier Designation as established in subsection (B)(3), City will complete a pre-inspection walk through of the complex with Stewardship or Stewardship’s representative no later than sixty (60) calendar days prior to the date of the Primary Team Inspection being performed. (5) Stewardship shall provide acceptable verification to City that all Improvements have been completed in a timely basis and no Improvement liens exist on the Complex.

Ongoing Requirements. (1) Contractor will update contact information for access control and incident response coordination upon any changes. (2) Contractor will ensure that each employee or subcontractor with Asset Access or Information Access: Agrees to abide by all Policy revisions or additions provided to Contractor by GTC within seven days of receipt; Completes additional training provided by, specified or pre-approved by GTC each calendar year; Reviews cyber security awareness updates supplied or approved by GTC each calendar quarter; Timely reports any changes to his or her criminal history information and results ; and Only as to an employee or subcontractor with Asset Access, passes an additional PRA at least once every seven years from the date of the original assessment (or earlier if required by GTC). (3) Contractor will have policies, procedures, or guidance in place regarding its personnel’s obligations to report any updates to their criminal history records checks or results and to ensure timely reporting of such changes to GTC. (4) Contractor shall coordinate with GTC on any changes to remote access methods or controls prior to making any modifications and ensure that GTC retains the ability to disable any remote access. (5) As to any personnel for which Contractor gives notice to GTC pursuant to paragraph D of this Agreement, Contractor will take all steps reasonably necessary to immediately deny personnel any further access to GTC information or equipment, including, without limitation, removing and securing individual credentials and access badges, access tokens, keys, key fobs, and laptops, as applicable. Additionally, Contractor shall notify GTC of all such steps taken and shall return any GTC information or equipment within 15 days of the date Contractor gives notice pursuant to paragraph D.

Ongoing Requirements. During the period that this Consent Agreement is in effect, or until an earlier date specified in writ- ing by the Michigan Department of Education, all of the following requirements shall apply: 1. The School District shall adopt and adhere to a budget for each fiscal year, including the fis- cal year of the School District that commences July 1, 2009, and the adopted budget shall be the control document against which compliance by the School District with statutory re- quirements and the relevant provisions of this Consent Agreement shall be measured. The budget adopted for each fiscal year shall comply with the following requirements: a. Each budget proposed by the School District shall be prepared and presented, and each appropriations act proposed by the School District shall be adopted, in accordance with the provisions of Public Act 2 of 1968, the Uniform Budgeting and Accounting Act and applicable provisions of Public Act 94 of 1979, the State School Aid Act of 1979, and relevant provisions of this Consent Agreement. b. A budget shall include quarterly allotments, excluding capital items, of authorized spend- ing in which no one quarterly allotment in total shall generally exceed 25 percent of the total budgeted expenditures for the fiscal year of the School District, taking into consid- eration historical or seasonal expenditure patterns. c. Beginning with the budget adopted for the 2009 fiscal year of the School District, the an- nual budget for each fiscal year, as adopted by the School District, shall be transmitted by the School District to the Michigan Department of Education at least 30 calendar days in advance of the beginning of the fiscal year of the School District, and any amendments to that budget shall be transmitted to the Michigan Department of Education within 10 cal- endar days of adoption by the School District. d. If there is a shortfall in anticipated revenue, or if unusual or extraordinary expenditures arise during a fiscal year, the School District shall reduce budgeted expenditures in the adopted annual budget on a timely basis pursuant to Public Act 2 of 1968, the Uniform Budgeting and Accounting Act, and shall adjust the quarterly allotments as may be re- quired so that at fiscal year end, the School District will have operated within a balanced budget. As used in this paragraph, "a timely basis" means that the budgeted expenditures will be reduced, or budgeted revenues will be increased, or both, so as to preclude an ex- ...

Ongoing Requirements. In the event that during the Term: (i) Licensee’s status as a Qualified Eclipse Member in good standing terminates; (ii) Licensee’s status as a Qualified Working Group Member in good standing terminates; or (iii) Licensee is no longer in full compliance with the Eclipse Specification License and the Eclipse TCK License in all respects, all licenses granted by Eclipse hereunder shall terminate and, subject to the terms of Section 5, Licensee shall no longer make any use of the Trademark.

Ongoing Requirements. Lender must have: (a) An adequate overall level of capital to ensure stability of business operations; (b) Adequate liquidity to respond to continuing demands for cash; (c) Bonding and insurance to cover business related losses, including directors and officers insurance, business income loss insurance, and bonding to secure cash management operations; (d) Adequate loan loss reserves to cover the Lender's projected losses on the guaranteed loan portfolio; (e) A minimum of two years experience in originating and servicing multifamily loans; (f) A positive record of past performance when participating in federal loan programs; (g) Adequate staffing and training to perform the program obligations; (h) Demonstrated overall financial stability over the past five years; (i) Evidence of reasonable and prudent business practices for management of the program; and (j) Addressed, to the Government's satisfaction, those financial and organizational issues that the Government deems relevant to the Lender's ability to properly originate and service guaranteed loans. The Government agrees to enter into Loan Note Guarantees with the Lender issued pursuant to the regulations for Guaranteed Rural Rental Housing loans and to participate in a percentage of any loss on any such loans not to exceed the amount established in the Loan Note Guarantee. The terms of any Loan Note Guarantee are controlling.

Ongoing Requirements. ANI agrees to comply with and to provide documentation evidencing compliance with its ongoing reporting and maintenance requirements to the FDA related to the NDA. Such evidence of compliance may consist of a copy of any Form 356-H filed with the FDA when meeting the obligations in the first sentence of this Section 2.3. ANI agrees to provide a copy of any notice from the FDA indicating an adverse finding by the FDA related to the NDA (the “Adverse Finding Letter”). ​

Ongoing Requirements. Everything in the managed environment must be genuine and licensed— including all hardware, software, etc. If we ask for proof of authenticity and/or licensing, you must provide us with such proof. If we require certain minimum hardware or software requirements (“Minimum Requirements”), you agree to implement and maintain those Minimum Requirements as an ongoing requirement of us providing the Services to you.

Ongoing Requirements. InWellness shall be routinely responsible for : 4.2.1. Maintaining visibility in the marketplace through a marketing 4.2.2. Reimbursing you within 30 business days for introductory session you provide to those designating you on an Introductory Package purchased on the

Ongoing Requirements. Contractor will ensure that each employee or subcontractor with Asset Access or Information Access: Agrees to abide by all Policy revisions or additions provided to Contractor by GTC within seven days of receipt; Completes additional training provided by, specified or pre-approved by GTC each calendar year; Reviews cyber security awareness updates supplied or approved by GTC each calendar quarter; and Only as to an employee or subcontractor with Asset Access, passes an additional PRA at least once every seven years from the date of the original assessment (or earlier if required by GTC).