Purchasing Standards Sample Clauses

Purchasing Standards. Unless specified otherwise within this agreement, the Subrecipient shall procure all CDBG-purchased materials, property, or services in accordance with the requirements of 24 CFR 84.40−48.
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Purchasing Standards. All purchases relating to the operation of the Club shall be paid for by Owner but made or arranged by Operator at the best negotiated prices reasonably available (consistent with the Minimum Standard and Operating Criteria), taking advantage of Operator's procurement services, all available discounts, rebates, bulk purchases (including, where feasible, combined bulk purchases with other Sports Club/LA facilities), and other commercially reasonable methods of negotiating the best combination of price and quality, all of which shall inure to the sole benefit of the Club, without any consideration being paid to Operator or its Affiliates in connection therewith other than as reimbursement for actually incurred, out of pocket distribution costs. Subject to Section 4.12 hereof, Operator shall be entitled to enter into agreements, purchase orders or contracts with vendors and suppliers for the provision of goods and services for the Club; provided, however, that the terms of any transaction are in compliance with the Annual Plan and all applicable approved budgets and in substantial conformity with industry standards for an arms-length agreement in the State of Florida. Operator shall order and manage stock levels for all retail products and operating supplies. Additionally, Operator shall make available to Owner and the Club, on an equal basis as these materials are made available to Operator's other clubs, retail products and service supplies from the Operator's distribution center at distributor cost (plus any actually incurred, out-of-pocket expenses associated therewith which are charged to Operator's other clubs) without xxxx-up for profit.
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Purchasing Standards 
Sample 1

Related to Purchasing Standards

  • Operating Standards (A) Distributor and its Dealer(s) shall conduct the operation of their respective businesses related to the resale of the Product(s) in a clean and safe manner and shall otherwise conduct no business which could interfere with the sale of Product(s) or damage the goodwill of the Valero brand or the Marks. Without limiting the foregoing, Distributor and its Dealer(s) shall, at all times during the term of this Agreement, fully comply with VMSC’s then current “Basic Operational Requirements” which Distributor acknowledges have been received and reviewed by Distributor. Furthermore, without limiting any provision to the contrary herein, Distributor and its Dealer(s) shall fully comply with VMSC’s “Commitment to Excellence Requirements”, which Distributor acknowledges have been received and reviewed by Distributor. As of the Commencement Date, Distributor and its Dealer(s) agree to participate in the Commitment to Excellence Program (“CTE Program”). The CTE Program provides that each Station meets the established Commitment to Excellence Requirements which consists of requirements from each of the following VMSC documents: VMSC’s Basic Image Requirements, Wholesale Branding Manual, and Basic Operational Requirements. VMSC reserves the right to amend, change, or otherwise modify the “Basic Operational Requirements”, “Commitment to Excellence Requirements” and the “CTE Program” from time to time, in VMSC’s sole and absolute discretion.

  • Accounting Standards The Subrecipient agrees to comply with 2 CFR 200 and agrees to adhere to the accounting principles and procedures required therein, utilize adequate internal controls, and maintain necessary source documentation for all costs incurred.

  • Building Standards The quality of Tenant Improvements shall be in keeping with the existing improvements in the Premises.

  • Financial Instruments Not applicable

  • Standards Any additions, modifications, or replacements made to a Party’s facilities shall be designed, constructed and operated in accordance with this Agreement, NYISO requirements and Good Utility Practice.

  • Professional Standards The Contractor agrees to maintain the professional standards applicable to its profession and to Contractors doing business in the United States Virgin Islands.

  • Qualified Public Offering The term “Qualified Public Offering” means a firm commitment underwritten public offering with gross proceeds to the Corporation of at least US$10,000,000 (prior to any payment of any underwriter discounts and commissions) pursuant to a registration statement filed under the U.S. Securities Act.

  • Quality Standards Each Party agrees that the nature and quality of its products and services supplied in connection with the other Party's Marks will conform to quality standards set by the other Party. Each Party agrees to supply the other Party, upon request, with a reasonable number of samples of any Materials publicly disseminated by such Party which utilize the other Party's Marks. Each Party will comply with all applicable laws, regulations, and customs and obtain any required government approvals pertaining to use of the other Party's marks.

  • Standards for Determining Commercial Reasonableness Borrower and Silicon agree that a sale or other disposition (collectively, "sale") of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) Notice of the sale is given to Borrower at least seven days prior to the sale, and, in the case of a public sale, notice of the sale is published at least seven days before the sale in a newspaper of general circulation in the county where the sale is to be conducted; (ii) Notice of the sale describes the collateral in general, non-specific terms; (iii) The sale is conducted at a place designated by Silicon, with or without the Collateral being present; (iv) The sale commences at any time between 8:00 a.m. and 6:00 p.m; (v) Payment of the purchase price in cash or by cashier's check or wire transfer is required; (vi) With respect to any sale of any of the Collateral, Silicon may (but is not obligated to) direct any prospective purchaser to ascertain directly from Borrower any and all information concerning the same. Silicon shall be free to employ other methods of noticing and selling the Collateral, in its discretion, if they are commercially reasonable.

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