Common use of Presentation of Findings Clause in Contracts

Presentation of Findings. 5.1 Prior to completion of the Services, Mosela Rating Agency may supply oral, draft or interim reports (scorecard). In such circumstances, its final written report shall take precedence. 5.2 Mosela Rating Agency shall not be under any obligation in any circumstances to update any BEE verification report, for events occurring after the BEE verification report has been issued in final form. The Rated Entity may re-apply for rating should it wish to highlight changes to the application and underlying information. 5.3 Clause 5.2 falls away if the Rated Entity requests a re-rating based on the most recent updates of codes. This only applies at no cost to the Rated Entity, if the Rating is in its validity period, and no new information is accepted. 5.4 The rating will be valid for a 12 months period, after which period, the Rated Entity will be advised of its expiration. The Rated Entity can appoint Mosela Rating Agency to re-rate the entity as part of a separate agreement at that time. Should the Rated Entity wish to update their rating at any time during the validity of the report, this will be charged at an hourly rate, based on the time taken to update the report. 5.5 Any opinion, statement of expectation, forecast or recommendation supplied by Mosela Rating Agency as part of the Services shall not amount to any form of guarantee that Mosela Rating Agency has determined or predicted future events or circumstances. 5.6 Any product of the services, excluding verification certificate and verification report, released to the client in any form or medium shall be supplied by MRA on the basis that it is for the client’s benefit and information only, that it shall not be copied, referred to or disclosed, in whole or in part, without our prior written consent. 5.7 The client consents MRA to send a copy of the B-BBEE verification report (scorecard) and B-BBEE verification certificate to the dti, only the B-BBEE verification certificate will be published on the dti’s BEE website. 5.8 The client also consents MRA to send a copy of the B-BBEE verification certificate to ABVA for publication on their website. 5.9 The client consents MRA to conduct the initial assessment at the client’s premises and also to provide its client file which has been verified to SANAS for the purpose of accreditation of MRA.

Presentation of Findings. 5.1 Prior to completion of the Services, Mosela Rating Agency may supply oral, draft or interim reports (scorecard). In such circumstances, its final written report shall take precedence. 5.2 Mosela Rating Agency shall not be under any obligation in any circumstances to update any BEE verification report, for events occurring after the BEE verification report has been issued in final form. The Rated Entity may re-apply for rating should it wish to highlight changes to the application and underlying information. 5.3 Clause 5.2 falls away if the Rated Entity requests a re-rating based on the most recent updates of codes. This only applies at no cost to the Rated Entity, if the Rating is in its validity period, and no new information is accepted. 5.4 The rating will be valid for a 12 months period, after which period, the Rated Entity will be advised of its expiration. The Rated Entity can appoint Mosela Rating Agency to re-rate the entity as part of a separate agreement at that time. Should the Rated Entity wish to update their rating at any time during the validity of the report, this will be charged at an hourly rate, based on the time taken to update the report. 5.5 Any opinion, statement of expectation, forecast or recommendation supplied by Mosela Rating Agency as part of the Services services shall not amount to any form of guarantee that Mosela Rating Agency has determined or predicted future events or circumstances. 5.6 Any product of the services, excluding verification certificate and verification report, released to the client in any form or medium shall be supplied by MRA on the basis that it is for the client’s benefit and information only, that it shall not be copied, referred to or disclosed, in whole or in part, without our prior written consent. 5.7 The client consents MRA to send a copy of the B-BBEE verification report (scorecard) and B-BBEE verification certificate to the dti, only the B-BBEE verification certificate will be published on the dti’s BEE website. 5.8 The client also consents MRA to send a copy of the B-BBEE verification certificate to ABVA for publication on their website. 5.9 The client consents MRA to conduct the initial assessment at the client’s premises and also to provide its client file which has been verified to SANAS for the purpose of accreditation of MRA.