Common use of Affiliate Obligations Clause in Contracts

Affiliate Obligations. In consideration of the foregoing Recitals, which are incorporated herein by this reference, the mutual promises and covenants set forth in the Master Contract, which is incorporated herein by this reference, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Affiliate shall: A. Acknowledge receipt of a copy of the Master Contract and after thorough review constitute the desire to become a Participating Entity at the Affiliate level, as defined in the Master Contract. B. Declare that it has the power, authority and legal right to execute, deliver, accept and perform all duties, responsibilities and obligations required of a Participating Entity as set forth in the Master Contract and this Affiliate Addendum. C. Declare that it possesses the financial capacity to perform all of its obligations under the Master Contract and this Affiliate Addendum. D. Authorize its departments and administrative units to act on its behalf with respect to commercial purchase Cards and Travel & Event Cards as well as other types of integrated credit card services. E. Issue payments to the Contractor and shall only be liable for, have access to and receive reports containing information regarding its respective Cardholders and their transactions. Affiliate shall make payment by wire transfer, or Electronic Funds Transfer, check or Automated Clearinghouse transfer to an account designated by Contractor. F. Agree that payment and liability for all authorized charges and applicable fees for its authorized Cardholders and all other amounts becoming due in connection with the participation of such Affiliate in the Program are the full responsibility of the Affiliate. At the discretion of the Contractor, a Rebate Adjustment may be made for the obligations of the Affiliate, when applicable. The State shall not bear liability or responsibility for Affiliate under this Participation Addendum. In no event shall an Affiliate be liable for late payment charges when the cause for said late payment is the fault of Contractor or any of its Subcontractors. G. Declare that any commercial purchase, travel and/or any other types of integrated credit Card services selected and authorized pursuant to this Affiliate Addendum and Master Contract shall only be used to buy goods and/or services in support of official government business or travel, and shall not be used for individual or consumer purchases not to incur consumer debt. H. Agree to comply with the terms of the Master Contract and the minimum program guidelines and policies established by State, in effect and as amended from time to time, all applicable existing State and Affiliate business rules, policies and procedures that govern commercial card use, travel and procurement as applicable. I. Complete all Contractor required documentation and provide financial statements as may be reasonably requested in addition to requirements set forth in the Master Contract. J. Declare this Affiliate Addendum and Master Contract as a valid, legal, binding and enforceable obligation of the Affiliate. All extensions of credit made pursuant this Affiliate Addendum and Master Contract will be valid and enforceable obligations of the Affiliate.

Affiliate Obligations. In consideration of the foregoing Recitals, which are incorporated herein by this reference, the mutual promises and covenants set forth in the Master Contract, which is incorporated herein by this reference, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Affiliate shall: A. Acknowledge receipt of a copy of the Master Contract and after thorough review constitute the desire to become a Participating Entity at the Affiliate level, as defined in the Master Contract. B. Declare that it has the power, authority and legal right to execute, deliver, accept and perform all duties, responsibilities and obligations required of a Participating Entity as set forth in the Master Contract and this Affiliate Addendum. C. Declare that it possesses the financial capacity to perform all of its obligations under the Master Contract and this Affiliate Addendum. D. Authorize its departments and administrative units to act on its behalf with respect to commercial purchase Cards and Travel & Event Cards as well as other types of integrated credit card services. E. Issue payments to the Contractor and shall only be liable for, have access to and receive reports containing information regarding its respective Cardholders and their transactions. Affiliate shall make payment by wire transfer, or Electronic Funds Transfer, check or Automated Clearinghouse transfer to an account designated by Contractor. F. Agree that payment and liability for all authorized charges and applicable fees for its authorized Cardholders and all other amounts becoming due in connection with the participation of such Affiliate in the Program are the full responsibility of the Affiliate. At the discretion of the Contractor, a Rebate Adjustment may be made for the obligations of the Affiliate, when applicable. The State shall not bear liability or responsibility for Affiliate under this Participation Addendum. In no event shall an Affiliate be liable for late payment charges when the cause for said late payment is the fault of Contractor or any of its Subcontractors. G. Declare that any commercial purchase, travel and/or any other types of integrated credit Card card services selected and authorized pursuant to this Affiliate Addendum and Master Contract shall only be used to buy goods and/or services in support of official government business or travel, and shall not be used for individual or consumer purchases not to incur consumer debt. H. Agree to comply with the terms of the Master Contract and the minimum program guidelines and policies established by State, in effect and as amended from time to time, all applicable existing State and Affiliate business rules, policies and procedures that govern commercial card use, travel and procurement as applicable. I. Complete all Contractor required documentation and provide financial statements as may be reasonably requested in addition to requirements set forth in the Master Contract. J. Declare this Affiliate Addendum and Master Contract as a valid, legal, binding and enforceable obligation of the Affiliate. All extensions of credit made pursuant this Affiliate Addendum and Master Contract will be valid and enforceable obligations of the Affiliate.