Common use of Watch List Clause in Contracts

Watch List. In the event MaineHousing determines, in its sole judgment, based on Vendor’s actions or omissions or other information obtained by MaineHousing directly or from any third party, that such actions, omissions or other information raise issues concerning Vendor’s continued ability to make Home Energy deliveries or otherwise comply with the terms of this Agreement, or that Vendor’s performance is out of compliance with the requirements of this Agreement, MaineHousing may, in its sole discretion, place Vendor on a ―Watch List.‖ After placing Vendor on a Watch List, MaineHousing will schedule an audit of Vendor’s performance under this Agreement at Vendor’s premises, which audit will include, without limitation, a review of HEAP funds records, Eligible Household accounts, and Home Energy delivery information. At a minimum, Vendor shall remain on the Watch List pending action on the auditor’s recommendation to MaineHousing’s Director of Energy and Housing Services. Such recommendation may include, without limitation, taking any one or more of the following actions: maintaining Vendor’s Watch List status; monitoring by MaineHousing or Subgrantee of Vendor’s performance under this Agreement at Vendor’s location or elsewhere; providing guidance or other assistance to Vendor to address performance issues; implementing additional recordkeeping and reporting requirements; requiring Vendor to turn over to MaineHousing HEAP funds paid to Vendor under one or more Vendor Voucher Reports for credit to Eligible Household customer accounts with Vendor; and issuing a Deficiency Notice to Vendor, as provided in Section 13.B hereof. For so long as Vendor remains on the Watch List, no advance payment of HEAP funds, including HEAP benefit amounts, will be made by MaineHousing or Subgrantee to Vendor. In such event, payments of HEAP benefit amounts shall be made to Vendor only after satisfactory proof of actual Home Energy deliveries to Eligible Households complying with the terms of this Agreement has been submitted to MaineHousing by Vendor on terms and conditions required by MaineHousing. Payment to Vendor will be processed in accordance with the normal HEAP payment cycle.

Watch List. In the event MaineHousing determines, in its sole judgment, based on Vendor’s actions or omissions or other information obtained by MaineHousing directly or from any third party, that such actions, omissions or other information raise issues concerning Vendor’s continued ability to make Home Energy deliveries or otherwise comply with the terms of this Agreement, or that Vendor’s performance is out of compliance with the requirements of this Agreement, MaineHousing may, in its sole discretion, place Vendor on a ―Watch List.‖ After placing Vendor on a Watch List, MaineHousing will schedule an audit of Vendor’s performance under this Agreement at Vendor’s premises, which audit will include, without limitation, a review of HEAP funds records, Eligible Household accounts, and Home Energy delivery information. At a minimum, Vendor shall remain on the Watch List pending action on the auditor’s recommendation to MaineHousing’s Director of Energy and Housing Services. Such recommendation may include, without limitation, taking any one or more of the following actions: maintaining Vendor’s Watch List status; monitoring by MaineHousing or Subgrantee of Vendor’s performance under this Agreement at Vendor’s location or elsewhere; providing guidance or other assistance to Vendor to address performance issues; implementing additional recordkeeping and reporting requirements; requiring Vendor to turn over to MaineHousing HEAP funds paid to Vendor under one or more Vendor Voucher Reports Report for credit to Eligible Household customer accounts with Vendor; and issuing a Deficiency Notice to Vendor, as provided in Section 13.B hereof. For so long as Vendor remains on the Watch List, no advance payment of HEAP funds, including HEAP benefit amounts, will be made by MaineHousing or Subgrantee to Vendor. In such event, payments of HEAP benefit amounts shall be made to Vendor only after satisfactory proof of actual Home Energy deliveries to Eligible Households complying with the terms of this Agreement has been submitted to MaineHousing by Vendor on terms and conditions required by MaineHousing. Payment to Vendor will be processed in accordance with the normal HEAP payment cycle.

Watch List. In the event MaineHousing determines, in its sole judgment, based on Vendor’s actions or omissions or other information obtained by MaineHousing directly or from any third party, that such actions, omissions or other information raise issues concerning Vendor’s continued ability to make Home Energy deliveries or otherwise comply with the terms of this Agreement, or that Vendor’s performance is out of compliance with the requirements of this Agreement, MaineHousing may, in its sole discretion, place Vendor on a ―Watch List.‖ “Watch List.” After placing Vendor on a Watch List, MaineHousing will schedule an audit of Vendor’s performance under this Agreement at Vendor’s premises, which audit will include, without limitation, a review of HEAP funds records, Eligible Household accounts, and Home Energy delivery information. At a minimum, Vendor shall remain on the Watch List pending action on the auditor’s recommendation to MaineHousing’s Director of Energy and Housing Services. Such recommendation may include, without limitation, taking any one or more of the following actions: maintaining Vendor’s Watch List status; monitoring by MaineHousing or Subgrantee of Vendor’s performance under this Agreement at Vendor’s location or elsewhere; providing guidance or other assistance to Vendor to address performance issues; implementing additional recordkeeping and reporting requirements; requiring Vendor to turn over to MaineHousing HEAP funds paid to Vendor under one or more Vendor Voucher Reports Report for credit to Eligible Household customer accounts with Vendor; and issuing a Deficiency Notice to Vendor, as provided in Section 13.B hereof. For so long as Vendor remains on the Watch List, no advance payment of HEAP funds, including HEAP benefit amounts, will be made by MaineHousing or Subgrantee to Vendor. In such event, payments of HEAP benefit amounts shall be made to Vendor only after satisfactory proof of actual Home Energy deliveries to Eligible Households complying with the terms of this Agreement has been submitted to MaineHousing by Vendor on terms and conditions required by MaineHousing. Payment to Vendor will be processed in accordance with the normal HEAP payment cycle.