Permissible Corrective Action Plan Contents Clause Samples

Permissible Corrective Action Plan Contents. The City Director of Finance may, but is not required to, convene a Financial Oversight Committee, consisting of equal representation review and assist in the development of any Corrective Action Plan and take such other actions as are required or permitted under this OMA Amendment. Corrective Action Plans may include different elements depending on the Corrective Action Event or events prompting them. Upon receipt or delivery of notice of a Corrective Action Event, SEAS shall promptly prepare and submit a plan to the City (and to the Financial Oversight Committee, if one is formed) proposing the specific steps being taken to correct the specified deficiencies (the "Proposed Corrective Action Plan"). The specific steps to be proposed by SEAS shall be appropriate to correct the specified deficiencies and may include amendments to the Fundraising Plan, identification of additional sources of funding, use of SEAS reserves, development of an alternative financing plan, budget adjustments, identification and implementation of other measures reasonably likely to result in timely completion of the Project, or other steps. The Proposed Corrective Action Plan shall be submitted to the City (and Financial Oversight Committee, if any) within 30 days after the date that notice of the Corrective Action Event was delivered or received. The Proposed Corrective Action Plan shall specify a proposed prompt completion date for correcting the specified deficiencies, which completion date shall not be more than 180 days from the date the City receives the Proposed Corrective Action Plan, unless the City, in its sole discretion, specifies in writing an extension in the number of days to complete the corrective actions. The City (and the Financial Oversight Committee, if any) shall review the Proposed Corrective Action Plan and Action Plan. If SEAS does not propose a Proposed Corrective Action Plan within the time required in this subsection, or if the Proposed Corrective Action Plan is not determined to be sufficient by the City, SEAS agrees to work in good faith with the City (and the Financial Oversight Committee, if any) to develop a Corrective Action Plan that the City reasonably determines to be sufficient. implement the Corrective Action Plan and complete the Corrective Action Plan by the time specified therein. Any Corrective Action Plan should include a Monitoring Program providing for fundraising from donations and other private sources, and projections regarding cash ...
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Related to Permissible Corrective Action Plan Contents

  • Corrective Action Plan Within fifteen (15) Business Days following the establishment of the Joint Remediation Committee, the Purchasers, in consultation with the Sellers, shall prepare and submit to the Joint Remediation Committee an initial draft of the Corrective Action Plan. The parties shall work in good faith through the Joint Remediation Committee to finalize the Corrective Action Plan within fifteen (15) Business Days of the Purchasers’ submission of the initial draft of the Correct Action Plan. At the end of such period, if the Sellers reasonably determine that the Corrective Action Plan proposed by the Purchasers (as may be modified over the course of such period) would not reasonably be expected to satisfactorily address the Major Default, then the Sellers may escalate the issue to the Head of Commercial Capital (or equivalent leader of any successor business unit) of the Seller Group and the Chief Executive Officer of the Bank Assets Purchaser (the “Senior Executives”) and the Senior Executives shall work collaboratively (including with the Joint Remediation Committee) to develop a mutually agreeable Corrective Action Plan within fifteen (15) Business Days.

  • Corrective Action Plans If the OAG finds deficiencies in ▇▇▇▇▇▇▇’s performance under this Grant Contract, the OAG, at its sole discretion, may impose one or more of the following remedies as part of a corrective action plan: increase of monitoring visits; require additional or more detailed financial and/or programmatic reports be submitted; require prior approval for expenditures; require additional technical or management assistance and/or make modifications in business practices; reduce the contract amount; and/or terminate this Grant Contract. The foregoing are not exclusive remedies, and the OAG may impose other requirements that the OAG determines will be in the best interest of the State.

  • Corrective Actions The Government will use its best efforts to ensure that each Covered Provider (i) takes, where necessary, appropriate and timely corrective actions in response to audits, (ii) considers whether the results of the Covered Provider’s audit necessitates adjustment of the Government’s records, and (iii) permits independent auditors to have access to its records and financial statements as necessary.

  • Corrective Action Despite its right to terminate this Agreement pursuant to this Article, the LHIN may choose not to terminate this Agreement and may take whatever corrective action it considers necessary and appropriate, including suspending Funding for such period as the LHIN determines, to ensure the successful completion of the Services in accordance with the terms of this Agreement.

  • Proposed Corrective Action Plan Simultaneously with the submission of the Audit, the District will submit to OCR for its review and approval a proposed Corrective Action Plan to address all inaccessible content and functionality identified during the District’s Audit. The proposed Corrective Action Plan will set out a detailed schedule for: (1) addressing problems, taking into account identified priorities, with all corrective actions to be completed within 18 months of the date OCR approved the Corrective Action Plan; (2) setting up systems of accountability and verifying claims of accessibility by vendors or open sources; and setting up a system of testing and accountability to maintain the accessibility of all online content and functionality on an ongoing basis. In its Corrective Action Plan, the District will acknowledge that if all inaccessible content and functionality identified during the Audit is not removed or made accessible on a timely basis, the District will be in violation of this Agreement, Section 504, and Title II and OCR may initiate administrative enforcement or judicial proceedings to enforce the specific terms and obligations of the Agreement.