SAs Sample Clauses
The SAS (Statement on Auditing Standards) clause establishes the requirement for financial statements or audits to comply with specific professional auditing standards. In practice, this clause ensures that any audits or financial reviews conducted under the agreement adhere to the guidelines set by recognized bodies, such as the American Institute of Certified Public Accountants (AICPA). For example, it may require that all financial statements be prepared and audited in accordance with the latest SAS to ensure accuracy and reliability. The core function of this clause is to guarantee that financial information is prepared and reviewed according to established, reputable standards, thereby enhancing trust and reducing the risk of errors or misrepresentation.
POPULAR SAMPLE Copied 3 times
SAs. 1.4.1 Purchaser shall receive the Services under this Agreement and the SAs. Seller shall perform or shall cause its Subsidiaries to perform the Services for the Purchaser or its Subsidiaries in accordance with the terms of this Agreement and the applicable SA. Each such SA will incorporate the terms and conditions of this Agreement by reference, will not deviate from such terms, except as may be expressly set forth in each such SA, and shall be considered an exhibit to this Agreement and not a standalone agreement. Unless otherwise agreed by the parties, all invoices for such Services will be paid by Purchaser in accordance with Section 3 below.
1.4.2 In the event the parties agree (which agreement shall not be unreasonably withheld by Seller) that additional Ongoing Services not included in Annex A are necessary for Seller to provide to Purchaser for the operation of the Business as conducted prior to the Effective Date, subject to the other terms and conditions hereof, the parties will enter additional SAs for the provision of such additional Ongoing Services. Any requests by Purchaser for additional Ongoing Services pursuant to this Section 1.4.2 must be made by Purchaser within thirty (30) days after the Closing Date.
1.4.3 SAs may need to be executed at a local level between Seller’s Subsidiaries and Purchaser’s Subsidiaries in order to provide Services under this Agreement. Each such SA will incorporate the terms and conditions of this Agreement by reference, and may not deviate from such terms and conditions except as required by local laws or except as may be set forth therein, and only as documented in the applicable SA. However, no such local SAs will be binding and enforceable against Seller or Purchaser or their respective Subsidiaries unless and until they are approved in writing by the Transition Managers (defined below). In connection with such local SAs, Seller shall issue or cause its Subsidiaries to issue invoices to the Purchaser’s ordering Subsidiaries, and Purchaser shall pay or shall cause its Subsidiary to pay such invoices, subject to the terms and conditions of this Agreement or the applicable SA.
SAs. The SAS allocates each SRS requirement to the relevant pieces of equipment. It enables the decomposition of the system into sub-systems. Here is an example of SAS table (extract): Train Localisation 7.2.1.1 X X V Overspeed protection 7.2.3 X V Rollback protection 7.2.4 X V Emergency brake 7.2.6 X V
SAs. The SAS Corporate Account Table Response Time and SAS Response Time associated measures are not in force. Until the time these measures become applicable, the weighting will be [**]% for SAS Output and Reports, [**]% for SAS Service Interruption, and [**]% for SAS Availability.
SAs. SAS represents and warrants to Newco, as of the Effective Date and as of the Closing Date, upon which representations and warranties Newco has relied and will continue to rely, and which representations and warranties shall survive the Closing as provided in Section
8.1 hereof and shall not be deemed to have merged into any of the documents executed or delivered at the Closing, that: