QUALITY GUIDELINES Clause Samples
The Quality Guidelines clause sets out the standards and requirements that goods or services provided under the contract must meet. It typically details specific criteria, benchmarks, or industry standards that the deliverables must adhere to, and may reference testing procedures, certifications, or inspection rights. This clause ensures that the buyer receives products or services of an agreed-upon quality, reducing the risk of disputes over subpar performance and providing a clear basis for evaluating compliance.
QUALITY GUIDELINES. Without limiting Section 2.3, Spinco shall, and shall cause its Affiliates and sublicensees to, adhere to the trademark brand or style guidelines related to the WDC Group Licensed Trademarks (collectively, the “WDC Guidelines”); provided that WDC gives Spinco reasonable advance written notice of any changes to the WDC Guidelines previously provided, and further provided that Spinco shall not be in breach of this paragraph for failure to conform with such changes to prior WDC Guidelines so long as it is actively exercising good faith, commercially reasonable efforts to bring the affected goods and services into compliance.
QUALITY GUIDELINES. Notwithstanding the above all Gas delivered hereunder shall conform to the then current quality specifications, standards and/or tariff requirements of any downstream pipeline for heating quality, sulphur, carbon dioxide, oxygen and nitrogen (or any other quality specifications not covered in this Agreement that are specified in such downstream pipeline's then current tariff), subject, however, to the following exceptions: Gatherer will accept gas for delivery on its System (A) with Gross Heating Value less than the specification contained in this Agreement or the specification of any applicable downstream pipeline or (B) a nitrogen content in excess of the specification contained in this Agreement or the specification of any downstream pipeline to the extent, and only to the extent, with respect to either event in clause (A) and (B) such downstream pipeline accepts such gas. In the event any downstream pipeline refuses to accept Owner's gas for failure to meet the specifications in clause (ii) above, then Gatherer may, at its option, reject such gas under this Agreement. In addition, should Owner's gas have a carbon dioxide content (as measured at any Point of Receipt) in excess of four percent (4%), Gatherer shall accept such gas to the extent, and only to the extent, (i) such gas, when commingled with other streams of gas, is in compliance with such specification, and (ii) Gatherer determines, acting in its sole
QUALITY GUIDELINES. 1. Ratings
a. Except with respect to permitted collateral for repurchase agreements (F.
1.) and as noted below, a permissible investment must have a minimum short-term rating as provided by a Nationally Recognized Statistical Rating Organization (“NRSRO”) as follows: Any one of the following: A-1 by Standard & Poors (“S&P”), P-1 by ▇▇▇▇▇’▇ Investor Services (“Moody’s”), F-1 by Fitch (or an equivalent rating by another NRSRO). A security without its own rating shall be considered to be rated if the issuer of the security is rated with respect to: (i) a class of short-term debt obligations, in the case of short-term ratings, or (ii) a class of long-term debt obligations, in the case of long-term ratings, or (iii) any security of the issuer within a class the same as the unrated security that is comparable in priority of payment to the unrated security to be purchased. Long-term ratings shall be used only if a security is not rated and no security of the same issuer that is comparable in priority with such security is rated. Where a long-term rating is used, the issuer must have a minimum long-term rating as follows: Any one of the following: A- by S&P, A3 by Moody’s, A- by Fitch or equivalent rating by another NRSRO.
b. Permitted collateral for repurchase agreements (see F.1.) must have a rating in the highest two categories from at least two NRSROs in the case of money market instruments and BBB/Baa or the equivalent for corporate obligations. Table of Contents
QUALITY GUIDELINES. 1. Ratings
a. Except with respect to permitted collateral for repurchase agreements (F.
1.) and as noted below, a permissible investment must have a minimum short-term rating as provided by a Nationally Recognized Statistical Rating Organization (“NRSRO”) as follows: Any one of the following: A-1 by Standard & Poors (“S&P”), P-1 by ▇▇▇▇▇’▇ Investor Services (“Moody’s”), F-1 by Fitch (or an equivalent rating by another NRSRO). A security without its own rating shall be considered to be rated if the issuer of the security is rated with respect to: (i) a class of short-term debt obligations, in the case of short-term ratings, or (ii) a class of long-term debt obligations, in the case of long-term ratings, or (iii) any security of the issuer within a class the same as the unrated security that is comparable in priority of payment to the unrated security to be purchased.
QUALITY GUIDELINES. 1. Ratings Except as otherwise provided with respect to repurchase agreement collateral in paragraph G: Specified rating categories at initial time of purchase:
QUALITY GUIDELINES. All securities or the issuers of such securities will be rated investment grade (BBB- or equivalent) or better by at least one NRSRO at time of purchase. The weighted average quality rating of the underlying assets will be maintained at a minimum rating of AA- or equivalent.
QUALITY GUIDELINES. Notwithstanding the above, all Gas delivered hereunder shall conform to the then current quality specifications as contained in the Spectra Energy Partners, LP - East Tennessee Natural Gas Pipeline tariff (the “East Tennessee Tariff”), other than the specifications for maximum Btu content and hydrocarbon dewpoint level, which shall not be required to be met.
QUALITY GUIDELINES. Except as otherwise provided with respect to repurchase agreement collateral in paragraph G: Specified rating categories at time of purchase: SHORT TERM: Either A-1 by S & P or P-1 by ▇▇▇▇▇'▇ and one of the following and one of the following; A-1 by S&P, P-1 by ▇▇▇▇▇'▇, F-1 by Fitch or D-1 by Duff and ▇▇▇▇▇▇. DOWNGRADES The Fund may not purchase securities based on an S&P, Moody's, Fitch, or Duff rating where the rating organization has announced publicly that it is examining the rating for a possible downgrade. This limitation does not apply to securities rated A1+ by S&P. In the event that a security held in the portfolio falls below the minimum guideline as detailed in this paragraph H as a result of being downgraded by S&P, Moody's, Fitch, or Duff, Chase will notify the client and await instructions. In no event, however, will Chase be liable for any consequences of the fallen rating, including retention of the security in the absence of instructions from the client.
QUALITY GUIDELINES. The minimum quality rating of traditional GIC, separate account GIC and synthetic GIC issuers must be A- or equivalent by at least one Nationally Recognized Statistical Rating Organization ("NRSRO"), measured at the time of the initial placement. In the case of a split rating, the higher rating shall apply.
QUALITY GUIDELINES. Each collective investment trust underlying the synthetic GICs and any separate account GICs held by the Account shall require that all securities will be rated investment grade (BBB- or equivalent) or better by at least one Nationally Recognized Statistical Rating Organization ("NRSRO") at the time of purchase. Securities that are downgraded below investment grade (BBB- or equivalent) may be held in Advisor's discretion. In addition, each collective investment trust and separate account GICs shall require that the weighted average credit quality of the securities held by the Account shall be maintained at a minimum rating of A+ or equivalent. In the case of a split rating on a security, the higher rating shall apply. For purposes of this Section IV.B, unrated securities which rank pari passu with a rated security of the same issuer will be considered to have the same rating as the rated security. For securities guaranteed by another entity, the guarantor's rating may be used in cases where a security does not carry its own rating.