RSM Sample Clauses
The RSM clause, often referring to "Records and Supporting Materials," establishes the requirement for parties to maintain and provide access to relevant documentation related to the contract. In practice, this clause obligates one or both parties to keep accurate records, such as invoices, receipts, or performance logs, and to make these available for inspection or audit upon request. Its core function is to ensure transparency and accountability, enabling verification of compliance with contractual obligations and facilitating the resolution of disputes over performance or payment.
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RSM. No RSM Entity has any material Liability, except (i) those expressly reflected or reserved against on the balance sheet contained in the Latest RSM Financial Statements (the “Latest RSM Balance Sheet”) and (ii) Liabilities incurred in the ordinary course of business consistent with past practice since the date of the Latest RSM Balance Sheet. There are no loss contingencies (as such term is used in Statement of Financial Accounting Standards No. 5 issued by the Financial Accounting Standards Board in March 1975) of or affecting any RSM Entity that are not adequately provided for or disclosed on the Latest RSM Balance Sheet or in the notes thereto (if any).
RSM. The description of, and disclosure with respect to, any RSM Entity contained in the Registration Statement, including any financial statements or schedules that relate primarily to any RSM Entity, (a) comply in all material respects with all applicable requirements of the Securities Act and the Exchange Act and (b) do not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not materially misleading.
RSM. Each of the audited consolidated financial statements and unaudited consolidated interim financial statements of the RSM Entities (including any related notes and schedules) included (or incorporated by reference) in the Registration Statement (the “Latest RSM Financial Statements”) has been prepared from, and is in accordance with, the books and records of each RSM Entity, complies in all material respects with applicable accounting requirements and with the SEC’s published rules and regulations, has been prepared in accordance with GAAP (except in the case of unaudited statements, as permitted under Form 10-Q under the Exchange Act) applied on a consistent basis (except as may be indicated in the notes thereto) and fairly presents in all material respects in conformity with GAAP applied on a consistent basis (except as may be indicated in the notes thereto), the consolidated financial position of the RSM Entities, as of the date thereof and the consolidated results of operations and cash flows (and changes in financial position, if any) of the RSM Entities, for the periods presented therein (subject to normal year-end adjustments and the absence of financial footnotes in the case of any unaudited interim financial statements).
RSM. Definition of RSM: VESTAS is committed to adhering to national legislation and universally recognized standards which includes respect for health and safety, the environment, human rights, labour rights and anti-corruption and anti-bribery. Through a combination of requirements, advice and guidance in the above fields VESTAS seeks to influence and increase awareness of these standards among our supplier’s. We call this initiative ‘Responsible Supplier Management’. The ‘Responsible Supplier Management’ initiative is about integrating health, safety, environmental and human rights and anti-corruption considerations into purchasing decisions with the aim of ensuring that not only VESTAS' production, but the whole product and the preparation thereof, is sustainable in the broadest sense. This means that when selecting and approving new or existing suppliers VESTAS will take reasonable steps that enables us to become aware of, prevent, address and develop suppliers that are facing challenges implementing our requirements. The VESTAS Responsible Supplier Management approach is to work with suppliers to remediate any violation to the requirements set forth below and endeavour to limit exit to circumstances when a supplier is unwilling to remediate or does not have the capability to remediate.