Common use of Historically Underutilized Businesses Clause in Contracts

Historically Underutilized Businesses. (“HUBs”). PSP will proactively comply with TFC’s established policies regarding the utilization of HUB and all other applicable administrative rules and statutes relating to utilization of HUB’s by TFC for the Project, including (i) TFC’s HUB program, and (ii) the HUB Compliance Reporting System as described in UGC Article 4. A copy of the Approved HSP for this Renewal Period is attached hereto as Exhibit I and incorporated herein for all purposes. At or prior to the execution of an Assignment with a value that is anticipated to meet or exceed $100,000.00, PSP must submit a completed HUB Subcontracting Plan acceptable to TFC and that shall be approved by TFC prior to execution of the Assignment. When required, PSP shall submit an updated HSP on the HUB Subcontracting Plan Form, Exhibit G, attached to and incorporated in the Agreement, or on any HUB form(s) modified by the Comptroller of Public Accounts. Upon TFC approval of a completed HSP and/or HSP update(s), such completed HSP and/or HSP update(s) shall become, without further notice or action, a part of the incorporated Exhibit I. PSP shall provide the HUB program of TFC with pertinent details of any participation by a HUB in fulfilling the duties and obligations arising hereunder on the PARs form, Exhibit H, attached to and incorporated in the Agreement, or any HUB form(s) modified by the Comptroller of Public Accounts. No changes to the HSP can be made by the PSP without the written approval of TFC.

Historically Underutilized Businesses. (“HUBs”). PSP will proactively comply with TFC’s established policies regarding the utilization of HUB and all other applicable administrative rules and statutes relating to utilization of HUB’s by TFC for the Project, including (i) TFC’s HUB program, and (ii) the HUB Compliance Reporting System as described in UGC Article 4. A copy of the Approved HSP for this Renewal Period is attached hereto as Exhibit I and incorporated herein for all purposes. At or prior to the execution of an Assignment with a value that is anticipated to meet or exceed One Hundred Thousand and No/100 Dollars ($100,000.00), PSP must submit a completed HUB Subcontracting Plan acceptable to TFC and that shall be approved by TFC prior to execution of the Assignment. When required, PSP shall submit an updated HSP on the HUB Subcontracting Plan Form, Exhibit G, attached to and incorporated in the Agreement, or on any HUB form(s) modified by the Comptroller of Public Accounts. Upon TFC approval of a completed HSP and/or HSP update(s), such completed HSP and/or HSP update(s) shall become, without further notice or action, a part of the incorporated Exhibit I. PSP shall provide the HUB program of TFC with pertinent details of any participation by a HUB in fulfilling the duties and obligations arising hereunder on the PARs form, Exhibit H, attached to and incorporated in the Agreement, or any HUB form(s) modified by the Comptroller of Public Accounts. No changes to the HSP can be made by the PSP without the written approval of TFC.