CAK definition
Examples of CAK in a sentence
CAK agrees to maintain, during the term of this Agreement and for four years following its termination, complete and accurate records of all receipts and disbursements related to its Program Costs.
CAK shall submit invoices to Utility for CAK’s Program Costs at such intervals and in such manner as the Parties may agree throughout the Program Year, but in no event more frequently than on a monthly basis.
In the case of CAK, the failure of an Operating Organization to perform its obligations to CAK related to the Programs, which CAK in the exercise of reasonable diligence could not prevent, will be a Force Majeure Event.
Utility shall promptly provide CAK such information as it may reasonably request for the preparation of the Proposed Budgets.
The required coverages referred to herein shall in no way affect, nor are they intended as a limitation of, CAK’s liability with respect to its performance under this Agreement; notwithstanding the foregoing, CAK shall not be liable to Utility for any claim or occurrence covered by insurance but for Utility’s failure to provide timely notification of such claim or occurrence.
CAK shall provide Utility with a written explanation for any variance in Program Costs that are 10% or greater than budget.
CAK will provide oversight for the Programs which will include monitoring both the implementation and ongoing operation of the Programs, monitoring the data collected with regard to the Programs, and compiling and preparing such reports as are required herein or by order of the Commission (“Program Oversight”).
CAK shall be responsible for distribution of payments due to the participating local community action agencies for Program Slots filled.
CAK and Utility agree to cooperate in obtaining and maintaining all necessary Commission approvals for the Programs.
CAK will provide such documentation of its Program Costs reflected in an invoice as Utility may reasonably request.