SUPPLIER CERTIFICATION Clause Samples
The SUPPLIER CERTIFICATION clause requires the supplier to formally affirm that they meet certain standards or qualifications specified in the contract. This may involve confirming compliance with legal, regulatory, or industry requirements, such as safety certifications, environmental standards, or ethical sourcing practices. By including this clause, the contract ensures that only qualified suppliers are engaged, reducing the risk of non-compliance and protecting the buyer from potential legal or reputational issues.
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SUPPLIER CERTIFICATION. Supplier shall (a) provide a ---------------------- certificate from a duly authorized corporate officer of Supplier certifying that, as of the Effective Date, Supplier has a credit rating equal to or higher than the Minimum Investment Grade Rating; or (b) post a letter of credit in a form reasonably acceptable to Buyer in the amount of the Credit Amount from a financial institution with each of: (i) a credit rating of A2 or better from ▇▇▇▇▇'▇ Investors Service, Inc., (ii) a credit rating of A or better from Standard & Poor's Corporation, and (iii) a Minimum Tangible Net Worth ("MTNW") of one (1) billion dollars.
SUPPLIER CERTIFICATION. 5.1 In addition to the requirements listed in Section 4 of this Agreement, and pursuant to Section 24.3.2 of the Company’s Terms and Conditions, the Supplier hereby affirms the following:
(a) Supplier is not operating under any chapter of bankruptcy laws and is not subject to liquidation or debt reduction procedures under state laws, such as an assignment for the benefit of creditors, or any information creditors’ committee agreement.
(b) Supplier is not aware of any change in business conditions that would cause a substantial deterioration in its financial conditions, a condition of insolvency, or the inability to exist as an ongoing business entity.
(c) Supplier has no delinquent balances outstanding for services previously provided by the Company, and Supplier has paid its account according to the established terms and not made deductions or withheld payment for claims not authorized by contract.
(d) No significant collection lawsuits or judgments are outstanding that would materially affect Supplier’s ability to remain solvent as a business entity.
(e) Supplier’s Massachusetts business advertising and marketing materials conform to all applicable Massachusetts state and federal laws and regulations.
5.2 Supplier shall promptly notify the Company of any material change in its financial condition as it relates to Supplier’s creditworthiness or solvency as a business enterprise.
5.3 Supplier shall notify the Company within twenty-four (24) hours in writing in the event that its certification to act as a Competitive Supplier, as provided in 220 C.M.R. 14.04, is acted upon by the MDPU in such a way that it materially affects Supplier’s performance under the Agreement, including but not limited to suspension, revocation, modification, or non-renewal. Consistent with Section 24.2.2 of the Company’s Terms and Conditions, revocation or non-renewal of Supplier’s registration shall be grounds for immediate termination of this Agreement by Company.
SUPPLIER CERTIFICATION. Alliance shall make all reasonable efforts, with HMRI's assistance, and to the extent possible under regulatory requirements, to become certified under HMRI's Certification Program.
SUPPLIER CERTIFICATION. The following certifications and acknowledgements are applicable as indicated by the particular provision. The term “Supplier,” as used in this document, refers to the entity that is supplying the goods or services to the University of Louisville or one of its affiliated corporations. In related documents, the entity may also be referred to as Bidder, Offeror, Applicant, Proposer, Seller, Second Party, Subcontractor or other similar term. The term “Contract”, as used in this document, refers to the agreement, purchase order, memorandum of understanding, subcontract, subaward, personal services agreement/contract or other similar document specifying the provisions under which the Supplier is providing goods or services to the University of Louisville or one of its affiliated corporations.
SUPPLIER CERTIFICATION. The Commodity Team will grade the Seller on a Quarterly basis as part of the AE Supplier Certification Program. The Seller's performance will be graded based upon their Quality, Delivery, Cost, and Service. If the Seller meets the minimum scores in each category, the Seller will be classified as a AE Certified Supplier for a period of 1 year.
SUPPLIER CERTIFICATION. In addition to the requirements listed in Section IV of this Agreement, and pursuant to Section 24.3.2 of the Company’s Terms and Conditions, the Supplier hereby affirms the following:
SUPPLIER CERTIFICATION. The following certifications and acknowledgements are applicable as indicated by the particular provision. The term “Supplier,” as used in this document, refers to the entity that is supplying the goods or services to the University of Louisville or one of its affiliated corporations. In related documents, the entity may also be referred to as Bidder, Offeror, Applicant, Proposer, Seller, Second Party, Subcontractor or other similar term. The term “Contract”, as used in this document, refers to the agreement, purchase order, memorandum of understanding, subcontract, subaward, personal services agreement/contract or other similar document specifying the provisions under which the Supplier is providing goods or services to the University of Louisville or one of its affiliated corporations. The term “UofL affiliated entity” refers to the University of Louisville, the University of Louisville Research Foundation, Inc. , the University of Louisville Athletic Association, or the University of Louisville Foundation.
SUPPLIER CERTIFICATION. If applicable, the Parties hereby incorporate the requirements of 41 C.F.R. 60-1.4 (a)(7), 41 C.F.R. 60-300.5(a), 41 C.F.R. 60-741.5(a), 48 C.F.R. 19.702, and 48 C.F.R. 19.708.
SUPPLIER CERTIFICATION. Country of Origin Verification Raw Materials Testing Product Care Labeling and Testing SCHEDULE 7.2 NATIONAL ADVERTISING, MARKETING AND COOP. Year 1 (2005) 0 * * CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT SCHEDULE 7.3 IMAGE FUND PAYMENT Year 1 (2005) $0 * * CONFIDENTIAL PORTION OF THIS EXHIBIT OMITTED AND FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24b-2 OF THE 1934 ACT SCHEDULE 8.2 GUARANTEED MINIMUM ROYALTIES (GMR) The minimum royalty shall be $0 in Year 1 (2005) and * in Year 2 (2006). In each subsequent year, the minimum shall be * and the following base amount for such year: Initial Term: YEAR MINIMUM ROYALTY ---- --------------- Year 3 (2007) Year 4 (2008) Year 5 (2009) * Year 6 (2010) Year 7 (2011) Renewal Term, if any: YEAR MINIMUM ROYALTY ---- --------------- Year 8 (2012) Year 9 (2013) * Year 10 (2014) Year 11 (2015) Year 12 (2016) For the Second Contract Year, royalties in excess of the GMR will only be payable on sales that generate royalty revenue in excess of * .
SUPPLIER CERTIFICATION the Supplier agrees that only fuel Suppliers certified by the Deputy Commissioner of the Economic Services Division of the Department for Children and Families, or her or his designee, will be eligible to participate in the program. Persons found eligible for the fuel Program may only receive Fuel Program benefits through lines of credit issued to the fuel Suppliers certified by the Deputy Commissioner. In addition to any rules that the Agency of Human Services may adopt regarding certification, an accurately completed and signed Certification Agreement must be in effect and on file with the Deputy Commissioner for the Supplier to be certified. Firewood and pellet suppliers are exempt from certification.