Compliance Tests Clause Samples

A Compliance Tests clause establishes the requirement for products, services, or processes to undergo specific tests to verify adherence to agreed-upon standards or regulations. Typically, this clause outlines the types of tests to be performed, the responsible parties for conducting or witnessing the tests, and the procedures for addressing any failures or non-conformities. Its core practical function is to ensure that deliverables meet contractual or regulatory requirements before acceptance, thereby reducing the risk of defects and ensuring quality assurance.
Compliance Tests. In accordance with the most recent DARM guidance, the Local Agency is encouraged to witness compliance tests performed in the county, including stack tests, relative accuracy test audits (RATAs), and visible emissions tests. Witnessing stack tests should, at a minimum, include witnessing the equivalent of one complete stack test run, and may include witnessing any required laboratory procedures preserving a suitable chain of evidence. For all stack tests, the Local Agency is responsible for monitoring compliance with the stack test methods required by state rules or federal regulations. The Local Agency shall review 100% of compliance test reports and enter related data into AirCom in accordance with the most recent DARM guidance (i.e., level of service document). The Local Agency shall follow the most recent stack test report review guidance and audit checklists from DEP and the EPA.
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Compliance Tests. Is the current Delinquency Ratio < 8% Yes / No
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Compliance Tests. 1. Recalculate compliance with the Borrowing Base Test (Borrowing Base divided by total Credits Outstanding) and the Asset Coverage Test (Net Assets plus Accrued Interest plus Principal Outstanding divided by Accrued Interest plus Principal Outstanding). 2. Recalculate compliance of the Remedial Paydown Calculation if the Borrowing Base Test or Asset Coverage Test fail. 3. Recalculate Credits Outstanding after Paydown (Pre-Paydown Credits Outstanding minus Actual Paydown).
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Compliance Tests. 1. Recalculate compliance with the Borrowing Base Test as defined in the Program Documents. 2. Recalculate the maximum leverage under the Investment Company Act. 3. Recalculate compliance with the Asset Coverage Test as defined in the Program Documents.
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Compliance Tests. Weighted average NAV change during previous month 5.3% B. Does 6A exceed -25%? Yes
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Compliance Tests. Simple assertion by a health service that training time is “in the roster” is
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Compliance Tests. Is the current Delinquency Ratio < 8% Yes Is the current 3-month rolling average Default Ratio < 25% Yes Is the current 3-month rolling average Loss-to-Liquidation Ratio < 4% Yes Is Eligible Asset Interest < 100% Yes By signing below, I attest to the accuracy and completeness of the above information. In addition to that, I certify that PECO Energy Company has and continues to comply with all facility documentation, covenants, representations and warranties as set out in the Purchase and Sale Agreement dated September , 2008 PECO Energy Company (“PECO Energy”) is obligated to provide service to new residential customers under Pennsylvania law. Credit investigations are performed on new customers through a Social Security Number and/or Driver’s License verification and internal documentation. PECO Energy relies on the information provided by the customer and its Customer Information System audits to determine whether PECO Energy has previously served the customer. Customers may also be directed to Identity Verification locations to show proof of identity prior to initiating new service. Service may be denied if the applicant cannot prove his or her identity. Residential and small commercial accounts may be assessed a security deposit at the time of service initiation. Credit investigations and internal account reviews are used to determine if a residential account should be assessed a deposit at initiation. Deposit amounts are equal to two times the average monthly billing based on the previous usage at the property. Deposits may be waived for small commercial customers that have demonstrated credit-worthiness on a prior PECO Energy account. Initial deposits may be waived for residential customers if they provide income verification that demonstrates they are low-income customers (below 250% of the Federal Poverty Level). Small commercial account deposits are held for a period of 36 months. After 36 months of good payment, the customer can request that the deposit and any interest be applied to the account. Residential deposits are held for 12 months. If the customer pays on time and in full for 12 consecutive months, the customer’s deposit plus interest is applied to the customer’s account. If a customer becomes 60 days delinquent and there is no deposit on record, a deposit warning letter is sent. If the customer does not satisfy the delinquency and remains delinquent during the following 60 days, a deposit is required. The deposit is billed in three mont...
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Compliance Tests. 1. Recalculate compliance with the Borrowing Base Test as defined in the Program Documents. 2. Recalculate compliance with the Asset Coverage Test as defined in the Program Documents. 3. Recalculate compliance with the TRS Portfolio Test as defined in the Program Documents.
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Related to Compliance Tests

  • Compliance Review During the Term, Developer agrees to permit the GLO, HUD, and/or a designated representative of the GLO or HUD to access the Property for the purpose of performing Compliance-Monitoring Procedures. In accordance with GLO Compliance-Monitoring Procedures, the GLO or HUD will periodically monitor and audit Developer’s compliance with the requirements of this Agreement, the CDBG-DR Regulations, the CDBG Multifamily Rental Housing Guidelines, and any and all other Governmental Requirements during the Term. In conducting any compliance reviews, the GLO or HUD will rely primarily on information obtained from Developer’s records and reports, on-site monitoring, and audit reports. The GLO or HUD may also consider other relevant information gained from other sources, including litigation and citizen complaints. 5.04 HAZARDOUS MATERIALS: INDEMNIFICATION

  • CONTRACT COMPLIANCE REQUIREMENT The HUB requirement on this Contract is 0%. The student engagement requirement of this Contract is 0 hours. The Career Education requirement for this Contract is 0 hours. Failure to achieve these requirements may result in the application of some or all of the sanctions set forth in Administrative Policy 3.10, which is hereby incorporated by reference.

  • Compliance Audit LEA shall have the right but shall be under no obligation to conduct audit(s), from time to time, of Provider’s records concerning its compliance obligations as set forth in this Article V. Provider shall make such records and other documents available to LEA upon request.

  • Compliance Requirements A. Nondiscrimination. The Contractor agrees to comply, and to require its subcontractor(s) to comply, with the nondiscrimination provisions of MCL 37.2209. The Contractor further agrees to comply with the provisions of Section 9:158 of Chapter 112 of the ▇▇▇ Arbor City Code and to assure that applicants are employed and that employees are treated during employment in a manner which provides equal employment opportunity.

  • Inspection/Testing In order to assess Supplier’s work quality and/or compliance with this Order, upon reasonable notice by Buyer: (a) all goods, materials and services related to the items purchased hereunder, including, raw materials, components, assemblies, work in process, tools and end products shall be subject to inspection and testing by Buyer, its customer, representative or regulatory authorities at all places, including sites where the goods are made or located or the services are performed, whether at Supplier’s premises or elsewhere; and (b) all of Supplier’s facilities, books and records relating to this Order shall be subject to inspection by Buyer or its designee. If specific Buyer and/or Buyer’s customer tests, inspection and/or witness points are included in this Order, the goods shall not be shipped without an inspector’s release or a written waiver of test/inspection/witness with respect to each such point; however, Buyer shall not be permitted to unreasonably delay shipment; and Supplier shall notify Buyer in writing at least twenty (20) days prior to each of Supplier’s scheduled final and, if applicable, intermediate test/inspection/witness points. Supplier agrees to cooperate with such/audit inspection including, completing and returning questionnaires and making available its knowledgeable representatives. Buyer’s failure to inspect or test goods, materials or services or Buyer’s failure to reject or detect defects by inspection or testing shall not relieve Supplier from its warranty obligations or any of its other obligations or responsibilities under this Order. Supplier agrees to provide small business as well as minority and/or women owned business utilization and demographic data upon request.