Sufficient Experience Clause Samples
The Sufficient Experience clause requires that a party, typically a contractor or service provider, possesses the necessary skills, qualifications, and prior experience to perform the agreed-upon work. In practice, this clause may mandate that the party demonstrate relevant past projects, provide references, or meet specific industry standards before commencing work. Its core function is to ensure that only capable and qualified parties undertake the obligations, thereby reducing the risk of substandard performance or project failure.
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Sufficient Experience. The Hotel Operator has at least ten (10) years of experience (directly or through one or more of its subsidiaries) managing or operating hotels that have at least five hundred (500) Rooms and meeting space comparable to the Meeting Space; provided that, as long as Marriott or any of its Affiliates remains or will be the Hotel Operator hereunder, the requirements of this clause (h) will be deemed to have been satisfied.
Sufficient Experience. The Investor has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks of its investment in such Notes (and any ADSs issuable upon conversion of the Notes and the Class A Ordinary Shares represented thereby) and is capable of bearing the economic risks of such investment. The Investor acknowledges and affirms that, with the assistance of its advisors, it has conducted and completed its own investigation, analysis and evaluation related to the investment in such Notes (and any ADSs issuance upon conversion of the Notes and the Class A Ordinary Shares represented thereby).
Sufficient Experience. The Transferee has at least ten (10) years of experience (directly or through one or more of its subsidiaries) owning or managing hotels that have at least 500 rooms and meeting space comparable to the Meeting Space (or retains a manager with such qualifications);
Sufficient Experience. Minimum Standard For each lot, minimum of 1 assignment relating to training refugees or vulnerable rural communities within the scope of the concerned lot, which was totally and successfully completed in the last 3 years.
Sufficient Experience. The Investor hereby represents and warrants that the Investor has such knowledge, sophistication and experience in business and financial matters that the Investor is capable of evaluating the merits and risks of an investment in the LLC. The Investor has the ability to accept the high risk and lack of liquidity inherent in this type of investing and can afford a complete loss of the investment in the LLC.
Sufficient Experience. Minimum Standard For each of the lots, minimum of 2 assignments within the scope of each lot, which were totally and successfully completed in the last 3 years, out of which at least 1 was completed in Uganda. A tenderer may, where appropriate and for a particular contract, rely on the capacities of other entities, regardless of the legal nature of the links which he has with these entities. In that case, the following rules apply: • Where an economic operator wants to rely on the capacities of other entities, it shall prove to the contracting authority that it will have at its disposal the resources necessary, for example, by producing a commitment by those entities to that effect. • The contracting authority shall verify whether the entities on whose capacity the economic operator intends to rely fulfil the relevant selection criteria and whether there are grounds for exclusion. • Where an economic operator relies on the capacities of other entities with regard to criteria relating to economic and financial standing, the contracting authority may require that the economic operator and those entities be jointly liable for the execution of the contract. • The contracting authority may require certain essential tasks to be carried out directly by the tenderer himself or, if the tender is submitted by a group of economic operators, by a member of the said group. Under the same conditions, a group of candidates or tenderers may submit the capacities of the group’s participants or of other entities. The tenders submitted by the selected tenderers will be evaluated as to formal and material regularity. Irregular tenders will be rejected. The contracting authority reserves the right to have the irregularities in the tenderers’ tender regularised during the negotiations.