QUALIFYING STATUS Clause Samples

The QUALIFYING STATUS clause defines the specific conditions or criteria that a party, product, or service must meet to be considered eligible under the agreement. In practice, this clause might specify requirements such as certifications, regulatory approvals, or minimum performance standards that must be satisfied before certain rights or obligations take effect. By clearly outlining these prerequisites, the clause ensures that only parties or items meeting the agreed standards are included, thereby reducing ambiguity and helping to prevent disputes over eligibility.
QUALIFYING STATUS. Seller warrants that, at the date of first power deliveries from Seller's Facility ((1)) and during the term of agreement, its Facility shall meet the qualifying facility requirements established as of the effective date of this Agreement by the Federal Energy Regulatory Commission's rules (18 Code of Federal Regulations 292) implementing the Public Utility Regulatory Policies Act of 1978 (16 U.S.C.A. 796, et seq.). ((1)) Underlining identifies those terms which are defined in Section A-1 of Appendix A. S.O. #2 May 7, 1984
View SourceView Similar (5)
QUALIFYING STATUS. The status granted to a CB where recognised by the Management Committee as compliant under this Agreement. Level of recognition for conformant certificates issued by a compliant CB. Acknowledgement by Participants that the evaluation and certification processes carried out by compliant CBs appear to have been carried out in a duly professional manner and meet all the conditions of this Agreement, and the intention to give all resulting conformant certificates equal weight. This acknowledgement may be restricted to specific IT technical domains and to some assurance levels depending on the recognition level of the compliant CB. See Recognition of conformant certificates.
View SourceView Similar (3)
QUALIFYING STATUS. Customer warrants that, as of the Effective Date its Facility is, and covenants that at all times during the term of this Agreement its Facility will continue to be a Qualifying Facility, as that term is defined in PURPA and the regulations thereunder, as PURPA and said regulations may be amended or revised during the Term of this Agreement. Copies of all documents filed by Customer with FERC with respect to the Facility’s status as a Qualifying Facility and any orders, receipts or acknowledgements of filing issued by FERC have been provided to Utility, including without limitation any documents filed or issued pursuant to amendments to PURPA contained in the Energy Policy Act of 2005 and rules adopted pursuant to such amendments. Copies of any documents filed with FERC or issued by FERC with respect to the Facility after the Effective Date will be provided to Utility by Customer within thirty (30) days after any such filing or issuance.
View Source

Related to QUALIFYING STATUS

  • Dependent Eligibility For all programs covered in this article, eligible dependents are an employee’s lawful spouse or domestic partner (as defined by Section 297 of the California Family Code), and unmarried children (natural, step, adopted, legal guardianship, and/or ▇▇▇▇▇▇) of the employee or domestic partner, who are qualified IRS dependents of the employee or domestic partner, up to twenty-three (23) years of age. Disabled dependents may be able to continue coverage beyond the limiting age if the disability occurred while the dependent was covered under a County-sponsored medical plan or prior to the dependent’s 19th birthday, and is certified by a licensed physician.

  • Special Eligibility The following employees also receive an Employer Contribution:

  • Membership Eligibility To join the Credit Union, you must meet the membership requirements, including purchase and maintenance of the minimum required share(s) (“membership share”) as set forth in the Credit Union’s bylaws. You authorize us to check your account, credit and employment history, and obtain reports from third parties, including credit reporting agencies, to verify your eligibility for the accounts and services you request.

  • Registration Eligibility The Company is eligible to register the Registrable Securities for resale by the Buyers using Form S-3 promulgated under the 1933 Act.

  • Form S-3 Eligibility The Company is eligible to register the resale of the Securities for resale by the Purchaser on Form S-3 promulgated under the Securities Act.