Review by FDC Sample Clauses

The "Review by FDC" clause establishes that a designated Financial Decision Committee (FDC) is responsible for evaluating and approving certain actions, documents, or decisions within the scope of the agreement. In practice, this means that before specific transactions or changes can proceed, they must be submitted to the FDC for assessment and formal approval, ensuring oversight and compliance with internal standards. The core function of this clause is to provide an additional layer of review and control, thereby reducing the risk of unauthorized or imprudent decisions and promoting accountability within the organization.
Review by FDC. 13.1.1. If a transfer recommendation is approved by the CONTRACTOR and the Facility's FDC Classification Contact, the Facility shall enter the recommendation and retain the progress report for the FDC State Classification Office's review, and the transfer shall be processed following this Agreement. If the FDC State Classification Office denies the transfer, the CONTRACTOR may appeal the decision, in writing, directly to the FDC Regional Director, or designee, in the Regional Office. 13.1.2. If CONTRACTOR approves the transfer recommendation, but the Facility's FDC Classification team does not approve of the recommendation, the Progress Report shall be sent to the Regional State Classification Office for approval or disapproval. If the Regional State Classification Office disapproves the transfer recommendation, the CONTRACTOR may appeal the decision, in writing, directly to the FDC Regional Director, or designee, at the Regional Office. 13.1.3. If the FDC Regional Director approves an appeal of a transfer by the Facility, the transfer shall be processed per this Agreement. If the FDC Regional Director disapproves of a transfer request by the CONTRACTOR, the CONTRACTOR may appeal the Regional Director's decision, in writing, to the FDC Secretary. If the FDC Secretary, or designee, disapproves of an appeal of a transfer by the CONTRACTOR, the Facility may seek to have the matter mediated by the DMS Division Director, or designee, according to Section 13.2, below.
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Related to Review by FDC

  • Access to Review Materials The Servicer will give the Asset Representations Reviewer access to the Review Materials for all of the Subject Receivables within sixty (60) calendar days after receipt of the review notice in one or more of the following ways in the Servicer’s reasonable discretion: (i) by electronic posting of Review Materials to a password-protected website to which the Asset Representations Reviewer has access, (ii) by providing originals or photocopies of documents relating to the Subject Receivables at one of the properties of the Servicer or (iii) in another manner agreed by the Servicer and the Asset Representations Reviewer. The Servicer may redact or remove PII from the Review Materials so long as all information in the Review Materials necessary for the Asset Representations Reviewer to complete the Asset Review remains intact and unchanged.

  • Completion of Review for Certain Review Receivables Following the delivery of the list of the Review Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Review Receivable is paid in full by the Obligor or purchased from the Issuer in accordance with the terms of the Basic Documents. On receipt of such notice, the Asset Representations Reviewer will immediately terminate all Tests of the related Review Receivable, and the Review of such Review Receivables will be considered complete (a “Test Complete”). In this case, the related Review Report will indicate a Test Complete for such Review Receivable and the related reason.

  • Review by the Association of Procurement Decisions The Procurement Plan shall set forth those contracts which shall be subject to the Association’s Prior Review. All other contracts shall be subject to Post Review by the Association.

  • Office of Inspector General Investigative Findings Expert Review In accordance with Senate Bill 799, Acts 2021, 87th Leg., R.S., if Texas Government Code, Section 531.102(m-1)(2) (eff. Apr. 1, 2025, Section 544.0106, pursuant to House Bill 4611, Acts 2023, 88th Leg., R.S.) is applicable to this Contract, Contractor affirms that it possesses the necessary occupational licenses and experience.

  • Review Scope The parties confirm that the Asset Representations Review is not responsible for (a) reviewing the Receivables for compliance with the representations and warranties under the Transaction Documents, except as described in this Agreement or (b) determining whether noncompliance with the representations and warranties constitutes a breach of the Eligibility Representations. For the avoidance of doubt, the parties confirm that the review is not designed to determine why an Obligor is delinquent or the creditworthiness of the Obligor, either at the time of any Asset Review or at the time of origination of the related Receivable. Further, the Asset Review is not designed to establish cause, materiality or recourse for any Test Fail (as defined in Section 3.05).