Purchasing Controls Clause Samples

The Purchasing Controls clause establishes rules and procedures governing how purchases are authorized and managed within an organization or under a contract. Typically, it outlines who has the authority to make purchases, sets spending limits, and may require approvals for certain types or amounts of expenditures. By defining these controls, the clause helps prevent unauthorized or excessive spending, ensures compliance with internal policies, and promotes accountability in the procurement process.
Purchasing Controls. General 2. Evaluation of Suppliers
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Purchasing Controls. For Components not supplied by Medtronic, ▇▇▇▇▇ shall establish and maintain controls on the purchase of Components to ensure conformance to specified requirements, including but not limited to visual inspection of packaging, labeling, or shipping containers, and dimensional inspection or analytical testing. ▇▇▇▇▇ shall maintain documentation that clearly describes the quality requirements for Components, and shall require Component sources to obtain prior written approval from ▇▇▇▇▇ of any proposed changes in the Manufacturing of the Components prior to making any change. If necessary, Medtronic may choose to also evaluate ▇▇▇▇▇’▇ Component sources to ensure that the purchased materials meet specified purchase requirements. ▇▇▇▇▇ shall not use in any Product(s) any Components that are unapproved, counterfeit, or do not meet the applicable Component specification.
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Purchasing Controls. 11.1 Approve Components / Packaging Materials & Suppliers pursuant to the Supply Agreement
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Purchasing Controls. A. Approval of subtier suppliers. The supplier is to evaluate their own suppliers to the extent necessary to ensure quality products are being provided. Approvals of subtier suppliers are to be based on this evaluation. The supplier shall establish and maintain an approved supplier list. In the event that GENMARK has provided an approved supplier list to the supplier, any deviations must be approved by GENMARK prior to purchase of any product. Controls are to be in place to assure that purchases are only made from approved suppliers.
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Purchasing Controls. WEX developed its own closed-loop acceptance network among merchants and can control transactions at the merchant-type level. The WEX card is accepted at approximately 135,000 fuel and maintenance locations across the US.
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Purchasing Controls. Approval of subtier suppliers. The Supplier is to evaluate their own suppliers to the extent necessary to ensure quality products are being provided. Approvals of subtier suppliers are to be based on this evaluation. The Supplier shall establish and maintain a listing of approved suppliers in their Quality System. In the event that Siemens has provided an approved supplier list to the Supplier, any deviations must be approved by Siemens prior to purchase of any product. Controls are to be in place to assure that purchases are only made from approved suppliers.
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Purchasing Controls. 6.1 For Components not supplied by Nevro, Vention shall establish and maintain controls on the purchase of Components to ensure conformance to specified requirements, including visual inspection of packaging, labeling, or shipping containers, and dimensional inspection or analytical testing. Vention shall maintain documentation that clearly describes the quality requirements for Components, and shall require Component sources to notify Vention of any proposed changes in the Manufacturing of the Components prior to making any change. ¨ x ¨ 6.2 For Components not supplied by Nevro, Vention shall establish and maintain acceptance procedures with respect to the Manufacture of the Products. ¨ x ¨
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Purchasing Controls. For Components not supplied by Nevro, Supplier shall establish and maintain controls on the purchase of Components to ensure conformance to specified requirements, including visual inspection of packaging, labeling, or shipping containers, and dimensional inspection or analytical testing. Supplier shall maintain documentation that clearly describes the quality requirements for Components, and shall require Component sources to notify Supplier of any proposed changes in the Manufacturing of the Components prior o x o to making any change.
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Purchasing Controls. Supplier shall establish and maintain controls on the purchase of components and sub-tier services to ensure conformance to specifications, including without limitation inspection of packaging, labeling, or shipping containers, and dimensional inspection or analytical testing. Supplier shall maintain documentation that clearly describes the quality requirements for components and shall require component sources to notify Supplier of any proposed changes in the components or the Manufacturing of the Components prior to making any change. Buyer may choose to evaluate Supplier’s Component sources to ensure that the purchased materials meet specified purchase requirements.
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Related to Purchasing Controls

  • Accounting Controls The Company and its Subsidiaries maintain systems of “internal control over financial reporting” (as defined under Rules 13a-15 and 15d-15 under the Exchange Act Regulations) that comply with the requirements of the Exchange Act and have been designed by, or under the supervision of, their respective principal executive and principal financial officers, or persons performing similar functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP, including, but not limited to, internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. Except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus, the Company is not aware of any material weaknesses in its internal controls. The Company’s auditors and the Audit Committee of the Board of Directors of the Company have been advised of: (i) all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are known to the Company’s management and that have adversely affected or are reasonably likely to adversely affect the Company’ ability to record, process, summarize and report financial information; and (ii) any fraud known to the Company’s management, whether or not material, that involves management or other employees who have a significant role in the Company’s internal controls over financial reporting.

  • Financial Controls At all times, the Charter School shall maintain appropriate governance and managerial procedures and financial controls which procedures and controls shall include, but not be limited to: (1) commonly accepted accounting practices and the capacity to implement them (2) a checking account; (3) adequate payroll procedures; (4) procedures for the creation and review of monthly and quarterly financial reports, which procedures shall specifically identify the individual who will be responsible for preparing such financial reports in the following fiscal year; (5) internal control procedures for cash receipts, cash disbursements and purchases; and (6) maintenance of asset registers and financial procedures for grants in accordance with applicable state and federal law.

  • Personal Controls a. Employee Training. All workforce members who assist in the performance of functions or activities on behalf of COUNTY in connection with Agreement, or access or disclose PHI COUNTY discloses to CONTRACTOR or CONTRACTOR creates, receives, maintains, or transmits on behalf of COUNTY, must complete information privacy and security training, at least annually, at CONTRACTOR’s expense. Each workforce member who receives information privacy and security training must sign a certification, indicating the member’s name and the date on which the training was completed. These certifications must be retained for a period of six (6) years following the termination of Agreement.

  • Agreement Controls The terms and conditions of this Master Agreement control over the terms and conditions contained in an Approved Service Order – even if the Approved Service Order expressly states that it is intended to control. Any conflicting terms and conditions in an Approved Service Order are invalid and unenforceable.

  • TIA Controls If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required to be included in this Indenture by the TIA, the required provision shall control.