Common use of Tracing of Financial Flows Clause in Contracts

Tracing of Financial Flows. The Supplier undertakes to fully comply with the provisions of the Law August 13, 2010 n.136 (including but not limited to Article 3 of such Law) on Tracing of Financial Flows related to public contracts. In case of breach by the Supplier of such provisions, this PO shall be resolved pursuant to art. 1456 civil code, without prejudice to the Supplier’s liability for any damages caused by such violation. Supplier declares to have the mandatory requirements set forth in: • Legislative Decree n. 159/2011; and • Legislative Decree n. 50/2016 Article 85; and • Any further modifications thereto. Supplier undertakes, upon Kyndryl request, to provide any documentation necessary to confirm the compliance of these requirements as well as the documentary evidence of the renewal, issued by the competent authorities, of any license required to carry out business activities with the public administration. Supplier acknowledges that the assignment, in full or in part, of services and orders to its subsidiaries, even if fully owned by Supplier, or to any consultants, is to be deemed subcontracting and therefore forbidden by art. 105 Legislative Decree n. 50/2016. In case of non-compliance with this provision and in case of rejection of Supplier by the final client, due to:

Appears in 2 contracts

Sources: Purchase Order, Purchase Order