Common use of Procurement Contracts Clause in Contracts

Procurement Contracts. The terms and conditions of relevant contracts with Providers, including governing law and dispute resolution, shall be set out in the applicable Bidding and Proposal Documents (defined in Schedule 1). Notwithstanding the generality of the foregoing sentence, contracts with Providers, and as the case may be with other third parties as required under the Procurement Guidelines, shall contain provisions required by the Procurement Guidelines and other Compact Documents, including (i) the limitations on use and treatment of MCC Funding set forth in Section 2.3 of the Compact, (ii) the audit, access and records requirements set forth in Section 3.8 of the Compact, as applicable, (iii) any applicable reporting requirements set forth in Section 3.12 of the Compact, (iv) eligibility requirements related to prohibited source provisions in accordance with then applicable U.S. law, regulations and policy, and (v) such other terms and conditions as may be specified in the Compact or other Supplemental Agreement or the term sheet, as applicable, to a contract or agreement of that nature. MCC shall have the right to review and approve the form of relevant contracts and any material modifications from those forms.