Continuing Compliance definition

Continuing Compliance means, at any date of determination, that no Default or Event of Default exists or has occurred and is continuing without Bank’s waiver in the form required hereunder, and, in the case of a particular transaction, act or omission by Borrower or any Loan Party, such transaction, act or omission will not result, directly or indirectly, in any Default or Event of Default and in the case of any transaction involving the payment of money or the incurrence of Debt, will not result in Borrower’s failure to be in compliance with the covenants set forth in Section 4.4 either as of the date of determination or as of the next date provided herein for measuring Borrower’s compliance with such covenants.
Sample 1Sample 2Sample 3
Continuing Compliance. You acknowledge that the distribution to PaineWebber personnel of the above-referenced materials that are not in compliance with the above statements is strictly prohibited, and you acknowledge that PaineWebber is relying on you fulfilling your obligations and agreements hereunder. Further, you will take all reasonable actions to prevent the distribution to PaineWebber personnel of any such materials that are inconsistent with these representations.
Sample 1
Continuing Compliance. You acknowledge that the distribution to UBS Financial Services personnel of the above-referenced materials that are not in compliance with the above statements is strictly prohibited, and you acknowledge that UBS Financial Services is relying on you fulfilling your obligations and agreements hereunder. Further, you will take all reasonable actions to prevent the distribution to UBS Financial Services personnel of any such materials that are inconsistent with these representations. ---------- /1/ Sales literature, marketing materials and "Internal Use Only" documents include, but are not limited to: broker-dealer kits; brochures; newsletters; advertisements; documents regarding sales promotions or contests; questions and answer sheets; scripts; speech outlines or other public presentations; prospecting or solicitation letters; slide presentations; audiotapes and videotapes; columns prepared for outside publications; reprints or excerpts from published materials; and any documents or materials adapted from the above materials.
Sample 1

Examples of Continuing Compliance in a sentence

  • This includes, but is not limited to: Unit Status Report, annual Owner's Certificate of Continuing Compliance, utility allowance documentation, initial information, and fees.

  • Selection Criteria and Continuing Compliance with Selection Criteria The selection criteria represent the minimum requirements to be considered for authorization as a Georgia WIC vendor.

  • Note 3: Loan Programs with Continuing Compliance Requirements The program costs listed below are administered directly by the City of Pasadena, and balances and transactions relating to these programs are included in the City’s basic financial statements.

  • Reports shall be under oath, contain a cover letter title "Part 451 Continuing Compliance" and be filed with the Chief Clerk of the Commission with copies provided to the Office of Retail Market Development − ARES and the Financial Analysis Division − ARES or their successors.

  • For multifamily rental properties, the owner shall submit to MHDC annually on or before March 31st for each year of the 10-year compliance period an Owner’s Certification of Continuing Compliance (AHAP-355) and an Occupancy Report (AHAP-356).

  • Annual Certification: The Owner of every project that has received tax credits must submit to Rhode Island Housing by January 31st of each year during the compliance period and the extended use period an Owner’s Annual Certification of Continuing Compliance and the Low Income Housing Tax Credit Annual Project Report.

  • Owners Annual Certification for Continuing Compliance – Owners will continue to submit a certification of compliance due January 15 each year.

  • Owner’s Annual Certification of Compliance: [formerly IHDA Form TST-1] The owner’s Certificate of Continuing Compliance must be filled out annually in DMS Authority Online, IHDA’s Online Portal to its Data Management System.

  • Timely and Continuing Compliance with All CPSL Requirements is Absolutely Imperative.

  • Continuing Compliance Requirements for RLFs – Federal funds used to capitalize a RLF are not subject to the limitation on the period of availability of federal funds but continue to retain their federal character in perpetuity or until the grant is terminated.

Related to Continuing Compliance

  • Certificate of Continuing Program Compliance means the Certificate to be filed by the Owner with the Administrator, on behalf of the Issuer, and the Trustee pursuant to Section 4(f) hereof, which shall be substantially in the form attached as Exhibit C hereto or in such other comparable form as may be provided by the Issuer to the Owner, or as otherwise approved by the Issuer.

  • Trading Compliance Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Non-Compliance means failure/refusal to comply the terms and conditions of the tender;

  • Document of Compliance has the meaning given to it in the ISM Code.

  • Reportable Compliance Event means that any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law.

  • LEGAL COMPLIANCE This Agreement and any transaction with, or payment to, you pursuant to the terms hereof is conditioned on your representation to us that, as of the date of this Agreement you are, and at all times during its effectiveness you will be, a bank as defined in Section 3(a)(6) of the Securities Exchange Act of 1934 (or other financial institution) and not otherwise required to register as a broker or dealer under such Act. You agree to notify us promptly in writing if this representation ceases to be true. You also agree that, regardless of whether you are a member of the NASD, you will comply with the rules of the NASD, including, in particular, Sections 2310, IM 2310-2, and 2830 of the NASD Conduct Rules, and that you will maintain adequate records with respect to your customers and their transactions, and that such transactions will be without recourse against you by your customers. We recognize that, in addition to applicable provisions of state and federal securities laws, you may be subject to the provisions of the Xxxxx-Xxxxxxxx Act and other laws governing, among other things, the conduct of activities by federal and state chartered and supervised financial institutions and their affiliated organizations. As such, you may be restricted in the activities that you may undertake and for which you may be paid, and, therefore, we recognize that you will not perform activities that are inconsistent with your statutory and regulatory obligations. Because you will be the only one having a direct relationship with the customer, you will be responsible in that relationship for insuring compliance with all laws and regulations, including those of all applicable federal and state regulatory authorities and bodies having jurisdiction over you or your customers to the extent applicable to securities purchases hereunder.

  • Environmental Compliance Reserve means any reserve which the Agent establishes in its reasonable discretion after prior written notice to the Borrower from time to time for amounts that are reasonably likely to be expended by the Borrower in order for the Borrower and its operations and property (a) to comply with any notice from a Governmental Authority asserting material non-compliance with Environmental Laws, or (b) to correct any such material non-compliance identified in a report delivered to the Agent and the Lenders pursuant to Section 7.7.

  • Safety compliance facility means a licensee that is a commercial entity that receives marihuana from a marihuana facility or registered primary caregiver, tests it for contaminants and for tetrahydrocannabinol and other cannabinoids, returns the test results, and may return the marihuana to the marihuana facility.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • HIPAA Compliant means that a Loan Party to the extent legally required (i) is or will use commercially reasonable efforts to be in compliance in all material respects with each of the applicable requirements of the so-called “Administrative Simplification” provisions of HIPAA on and as of each date that any part thereof, or any final rule or regulation thereunder, becomes effective in accordance with its or their terms, as the case may be (each such date, a “HIPAA Compliance Date”) and (ii) is not and could not reasonably be expected to become, as of any date following any such HIPAA Compliance Date, the subject of any civil or criminal penalty, process, claim, action or proceeding, or any administrative or other regulatory review, survey, process or proceeding (other than routine surveys or reviews conducted by any government health plan or other accreditation entity) that could result in any of the foregoing or that has or could reasonably be expected to have a Material Adverse Effect.

  • Sarbanes-Oxley Certification As defined in Section 11.05.

  • major non-compliance outcome notification means a notification received by a council under section 19N(3) or (4) of the Food Act 1984, or advice given to council by an authorized officer under that Act, of a deficiency that does not pose an immediate serious threat to public health but may do so if no remedial action is taken

  • Substantial compliance means a level of compliance with these rules where any deficiencies pose no greater risk to resident health or safety than the potential for causing minor harm.

  • Labor compliance agreement means an agreement entered into between a contractor or subcontractor and an enforcement agency to address appropriate remedial measures, compliance assistance, steps to resolve issues to increase compliance with the labor laws, or other related matters.

  • Continuing care contract means, as stated in RCW 70.38.025, a contract providing a person, for the duration of that person's life or for a term in excess of one year, shelter along with nursing, medical, health-related, or personal care services, which is conditioned upon the transfer of property, the payment of an entrance fee to the provider of such ser- vices, or the payment of periodic charges for the care and ser- vices involved. A continuing care contract is not excluded from this definition because the contract is mutually termina- ble or because shelter and services are not provided at the same location.

  • Continuing care means some or all of the following services:

  • Statement of Compliance means the statement forming part of a Tender indicating the Bidders compliance with the Specification.

  • Assessment of Compliance As defined in Section 3.21.

  • Annual Statement of Compliance As defined in Section 3.13.

  • Monitoring and reporting requirements means one or more of

  • continuing airworthiness means all of the processes ensuring that, at any time in its operating life, the aircraft complies with the airworthiness requirements in force and is in a condition for safe operation;

  • Medicaid Notification of Termination Requirements Any Contractor accessing payments for services under the Global Commitment to Health Waiver and Medicaid programs who terminates their practice will follow the Department of Vermont Health Access, Managed Care Organization enrollee notification requirements.

  • Monitoring Requirements Schedule means the Schedule containing details of the monitoring arrangements.

  • Reporting Requirements As defined in Section 11.15.

  • Compliance schedule means a schedule of events, by date, which will result in compliance with these regulations.

  • Covenant Compliance Event means that Excess Availability at any time is less than the greater of (a) ten (10%) percent of the Line Cap or (b) $7,000,000. For purposes hereof, the occurrence of a Covenant Compliance Event shall be deemed continuing until Excess Availability has exceeded the amounts set forth above for thirty (30) consecutive days, in which case a Covenant Compliance Event shall no longer be deemed to be continuing for purposes of this Agreement. The termination of a Covenant Compliance Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Compliance Event in the event that the conditions set forth in this definition again arise.