Annual Compliance Audit Sample Clauses

Annual Compliance Audit. Without limiting the generality of any other provision of this Agreement, in every year that the Agreement exists between the parties, the Commission shall complete an Annual Compliance Audit of the Facilities on a date to be determined in the full discretion of the Commission. The Operator will answer any inquiries and will provide any information requested by the Commission which is required to complete the Annual Compliance Audit.
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Annual Compliance Audit. On an annual basis, Servicer will cause to be completed a SSAE 16 SOC 1 Report review of its activities. Upon request, Lender may receive a copy of the report of such review by paying a pro-rata share of the cost of same. Servicer's Internal Audit Department coordinates such participation on an annual basis and divides the aforementioned costs equally between those lenders participating. 3-9.
Sample 1
Annual Compliance Audit. In the event, the STANDARDS call for an annual compliance audit, CLIENT agrees to: 1) Make all necessary arrangements for GCT to conduct the annual compliance audit; 2) Continue to meet all the provisions of the STANDARDS; 3) Notify GCT of any changes to MODEL, including process or production changes and changes in management; 4) Investigates and takes appropriate action on all complaints and provides to GCT the documentation of action taken; 5) Allow for the participation of observers; 6) Provide GCT information for any manufacturing facilities that produce certified products; 7) Provide GCT information on MODELS installed, including date and location; 8) Verify information from material suppliers by providing records as requested; 9) Provide GCT with any additional information to verify compliance with the STANDARDS; 10) Correct any nonconformity from the audit pursuant to GCT’s procedures. GCT agrees to: 1) Notify CLIENT 60 days prior to the date of the audit 2) Inform the CLIENT of the results of the audit The annual fee for the compliance audit is $10,000 per year. This will be an annual fee to fulfill the requirements of this contract. GCT reserves the right to increase the fee with thirty (30) days’ notice to CLIENT. The annual fee increase shall be no greater than 3% per year.
Sample 1
Annual Compliance Audit. 1. Xxxxxxxx-Xxxxx agrees to conduct annually an internal audit of its compliance with environmental requirements that are applicable to the facility. 2. Xxxxxxxx-Xxxxx agrees to provide the WDNR timely notice of any compliance audit, and to invite the WDNR to observe the audit. The WDNR recognizes that the Department benefits when authorized representatives of the Department accompany the contractor during such audit activities. These benefits include, but are not limited to, affording the Department a better understanding of the facility and evaluating the relative effectiveness of the EMS. In consideration of these benefits, the Department agrees that it will not seek enforcement nor refer the matter to other State or federal departments or agencies for enforcement of any noncompliance matters discovered by the Department as a result of its participation in such audit provided Xxxxxxxx-Xxxxx complies with the reporting requirements under s. 299.83(6m)(a). 3. Xxxxxxxx-Xxxxx agrees to provide the compliance audit results to the WDNR. 4. If violations are found during an audit, Xxxxxxxx-Xxxxx agrees to provide to the WDNR a description of measures that will be taken to prevent future violations. These measures may include changes to the underlying Environmental Management System.
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Annual Compliance Audit. The Corporation, or a third party compliance monitoring agent selected and appointed by Corporation (the “Independent Consultant”), will, in calendar year [YEAR] and thereafter, conduct at its own cost (other than cost of providing information) an annual audit to verify compliance with (a) the requirements of the Regulatory Agreement, (b) the provisions of the Asset Oversight Agreement, and (c) the requirements of the Compliance Agreement. The Borrower agrees to provide any documentation or information requested either by Corporation or by the Independent Consultant related to such audit which is in the possession of the Borrower or available to the Borrower. The Corporation will deliver to the Borrower a copy of the annual compliance audit relating to the Property within ninety (90) days after completion of the annual compliance audit. It is understood that if the date of completion of the annual compliance audit occurs within the last ninety (90) days of a calendar year, then the annual audit may be delivered to Borrower in the next calendar year (but still within the 90 day time frame).
Sample 1
Annual Compliance Audit. The Annual Compliance Audit will be onsite and consists of a focused review of key elements of the Broker’s compliance program and will assess adherence to the Broker’s written compliance plan including all relevant operating policies, procedures, workflows, and relevant chart of organization. The key elements reviewed may vary from year to year. A review of administrative and management arrangements may also be conducted as part of the annual audit. A review of grievance and appeal files will be a standard part of the compliance audit. While the findings of the compliance audit will not be scored, EOHHS will provide necessary feedback on each of the key elements. If the findings indicate that the Broker is out of compliance, EOHHS will make the determination of whether a corrective action plan is warranted. EOHHS, other state agencies, and/or its designees, including its management and external quality review organization brokers, the Medicaid Fraud Unit of the Department of Attorney General, and CMS and/or its designees, shall have access to quality of service information, financial information (including claim level detail), service delivery information including authorization requests and denials or other adverse decisions, complaints, grievances and appeals information, and other such information of Broker, and its subcontractor and agents in order to evaluate through inspection or other means, the quality, and timeliness of services performed and reimbursed for under this Agreement and in compliance with this Agreement. Broker agrees to accommodate requests for access to this information which may be submitted at any time. Subcontractor must agree to comply with all applicable requirements, such as those pertaining to reporting responsibilities, record-keeping, state and federal audits. For audit purposes, Subcontractors are subject to a 10-year record retention period for which EOHHS may request access to.
Sample 1
Annual Compliance Audit. 1) A compliance audit is a systematic review of the environmental performance of a facility as it relates to compliance with applicable requirements. A definition based on Section 299.83(5)(c)3. of the Wisconsin Statutes can be found in Section IV. G. of this Contract. 2) Inpro agrees to conduct a compliance audit on an annual basis with requirements that are applicable to the covered facilities and activities. 3) Inpro agrees to provide the DNR SPOC notice of any compliance audits. The Department agrees that it will not seek enforcement of any noncompliance matters discovered by the Department as a result of such compliance audits provided Inpro complies with the reporting requirements under Wis. Stat. sec. 299.83(6m)(a). Inpro agrees to provide a summary of the compliance audit assessment results to the DNR SPOC within 90 days after the completion of the audit. Included in the results shall be a description of all deviations and a description of corrective actions to be taken, along with a timeline for the corrective actions and a description of measures that will be taken to prevent future deviations. 4) In the event the timeline for corrections in Section II(B), exceeds 90 days, Inpro agrees to include proposed stipulated penalties for failure to meet the proposed compliance schedule along with the description of corrective actions and the timeline. The DNR agrees to review the stipulated penalties proposed and either accept them or offer up other stipulated penalties. Any disputes on proposed stipulated penalties shall be resolved in accordance with Wis. Stat. sec. 299.83(6m)(c). The parties agree to use their best efforts to reach agreement on stipulated penalties, but failure to reach agreement shall not be used as grounds to terminate this agreement. 5) In the event a participant discovers a violation, other than through an audit conducted under II (A) or (B) the participant may, no more than 30 days after discovering the violation, submit a report to the DNR SPOC that includes the requirements outlined in II(B). 6) Inpro agrees to provide a summary of the compliance audit results to the DNR as a part of the Green Tier annual report (Section II. D.).
Sample 1
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Related to Annual Compliance Audit

  • Compliance Audit LEA shall have the right but shall be under no obligation to conduct audit(s), from time to time, of Provider’s records concerning its compliance obligations as set forth in this Article V. Provider shall make such records and other documents available to LEA upon request.

  • Annual Compliance Statements The Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian and, if it has made an Advance during the applicable calendar year, the Trustee shall furnish (and each of the Master Servicer, the Special Servicer, the Custodian and the Certificate Administrator (i) with respect to any Additional Servicer of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such Additional Servicer to furnish, and (ii) with respect to any other Additional Servicer of such party (other than any party to this Agreement), shall cause such Additional Servicer to furnish) (each such Additional Servicer and each of the Master Servicer, the Special Servicer, the Custodian, the Certificate Administrator and the Trustee (if applicable), a “Certifying Servicer”) to the Certificate Administrator, the Serviced Companion Loan Holders (or, in the case of a Serviced Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), the Operating Advisor (only in the case of an Officer’s Certificate furnished by the Special Servicer and after the occurrence and during the continuance of a Control Termination Event) and the Depositor on or before March 1 of each year, commencing in March 2017, an Officer’s Certificate (together with a copy thereof in XXXXX compatible format, or in such other format as otherwise agreed upon by the Depositor, the Certificate Administrator, the applicable Other Depositor, the applicable Other Exchange Act Reporting Party and the applicable Certifying Servicer) stating, as to the signer thereof, that (A) a review of such Certifying Servicer’s activities during the preceding calendar year or portion thereof and of such Certifying Servicer’s performance under this Agreement, or the applicable Sub-Servicing Agreement or primary servicing agreement in the case of an Additional Servicer, has been made under such officer’s supervision and (B) to the best of such officer’s knowledge, based on such review, such Certifying Servicer has fulfilled all its obligations under this Agreement, or the applicable Sub-Servicing Agreement or primary servicing agreement in the case of an Additional Servicer, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. The Master Servicer and the Special Servicer shall, and the Master Servicer and the Special Servicer shall cause (or, in the case of an Additional Servicer that is a Mortgage Loan Seller Sub-Servicer, shall use its commercially reasonable efforts to cause) each Additional Servicer hired by it to, forward a copy of each such statement to, prior to the occurrence and continuance of a Consultation Termination Event, the Controlling Class Representative and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13, the Rule 17g-5 Information Provider. Promptly after receipt of each such Officer’s Certificate, the Depositor (and, in the case of a Serviced Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party) may review each such Officer’s Certificate and, if applicable, consult with the Certifying Servicer, as applicable, as to the nature of any failures by such Certifying Servicer, respectively, or any related Additional Servicer with which the Master Servicer or the Special Servicer, as applicable, has entered into a servicing relationship with respect to the Mortgage Loans or the Companion Loans in the fulfillment of any Certifying Servicer’s obligations hereunder or under the applicable sub-servicing or primary servicing agreement. The obligations of each Certifying Servicer under this Section apply to each Certifying Servicer that serviced a Mortgage Loan or Companion Loan during the applicable period, whether or not the Certifying Servicer is acting in such capacity at the time such Officer’s Certificate is required to be delivered. With respect to each Outside Serviced Mortgage Loan serviced under the applicable Outside Servicing Agreement, the Certificate Administrator shall request, and upon receipt deliver to the Depositor, from a “Servicing Officer” or “Responsible Officer” (as such terms are defined in the applicable Outside Servicing Agreement), as applicable, of the related Outside Servicer, Outside Special Servicer, Outside Custodian, Outside Trustee and Outside Paying Agent or Outside Certificate Administrator an Officer’s Certificate in form and substance similar to the Officer’s Certificate described in this Section or such other form as is set forth in the Outside Servicing Agreement.

  • Compliance Audits D. 4.1 Compliance Audit(s). Without limiting the generality of section A.7.4 (Records Review), if requested by the Province from time to time, which request shall be at the Province’s sole discretion, the Recipient, at its own expense, will forthwith retain an independent third party auditor to conduct one or more compliance audits of the Recipient or any Project. The audit will be conducted in accordance with Canadian Generally Accepted Auditing Standards, as adopted by the Canadian Institute of Chartered Accountants, applicable as of the date on which a record is kept or required to be kept under such standards. In addition, the audit will assess the Recipient’s compliance with the terms of the Agreement and will address, with respect to each Project, without limitation, the following: (a) whether the Funds were spent in accordance with the Agreement and with due regard to economy, efficiency, and effectiveness; (b) the Project’s progress or state of completion; (c) whether the financial information the Recipient provided is complete, accurate, and timely, and in accordance with the Agreement; (d) whether the Recipient’s information and monitoring processes and systems are adequate to identify, capture, validate, and monitor the achievement of intended benefits of the Project; (e) the overall management and administration of the Project; (f) recommendations for improvement or redress; and (g) whether prompt and timely corrective action is taken on prior audit findings.

  • Performance or Compliance Audits The Department may conduct or have conducted performance and/or compliance audits of the Contractor and subcontractors as determined by the Department. The Department may conduct an audit and review all the Contractor’s and subcontractors’ data and records that directly relate to the Contract. To the extent necessary to verify the Contractor’s fees and claims for payment under the Contract, the Contractor’s agreements or contracts with subcontractors, partners, or agents of the Contractor, pertaining to the Contract, may be inspected by the Department upon fifteen (15) calendar days’ notice, during normal working hours and in accordance with the Contractor’s facility access procedures where facility access is required. Release statements from its subcontractors, partners, or agents are not required for the Department or its designee to conduct compliance and performance audits on any of the Contractor’s contracts relating to this Contract. The Inspector General, in accordance with section 5.6, the State of Florida’s Chief Financial Officer, and the Office of the Auditor General shall also have authority to perform audits and inspections.

  • Contractual and Operational Compliance Audits (a) ICANN may from time to time (not to exceed twice per calendar year) conduct, or engage a third party to conduct, contractual compliance audits to assess compliance by Registry Operator with its representations and warranties contained in Article 1 of this Agreement and its covenants contained in Article 2 of this Agreement. Such audits shall be tailored to achieve the purpose of assessing compliance, and ICANN will (a) give reasonable advance notice of any such audit, which notice shall specify in reasonable detail the categories of documents, data and other information requested by ICANN, and (b) use commercially reasonable efforts to conduct such audit during regular business hours and in such a manner as to not unreasonably disrupt the operations of Registry Operator. As part of such audit and upon request by ICANN, Registry Operator shall timely provide all responsive documents, data and any other information reasonably necessary to demonstrate Registry Operator’s compliance with this Agreement. Upon no less than ten (10) calendar days notice (unless otherwise agreed to by Registry Operator), ICANN may, as part of any contractual compliance audit, conduct site visits during regular business hours to assess compliance by Registry Operator with its representations and warranties contained in Article 1 of this Agreement and its covenants contained in Article 2 of this Agreement. ICANN will treat any information obtained in connection with such audits that is appropriately marked as confidential (as required by Section 7.15) as Confidential Information of Registry Operator in accordance with Section 7.15.

  • Annual Compliance Certificate Within one hundred and twenty (120) days after December 31, 2021 and each fiscal year of the Company ending thereafter, the Company will deliver an Officer’s Certificate to the Trustee stating (i) that the signatory thereto has supervised a review of the activities of the Company and its Subsidiaries during such fiscal year with a view towards determining whether any Default or Event of Default has occurred; and (ii) whether, to such signatory’s knowledge, a Default or Event of Default has occurred or is continuing (and, if so, describing all such Defaults or Events of Default and what action the Company is taking or proposes to take with respect thereto).

  • AML Compliance The Dealer Manager represents to the Company that it has established and implemented anti-money laundering compliance programs in accordance with applicable law, including applicable FINRA Conduct Rules, Exchange Act Regulations and the USA PATRIOT Act, specifically including, but not limited to, Section 352 of the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 (the “Money Laundering Abatement Act,” and together with the USA PATRIOT Act, the “AML Rules”) reasonably expected to detect and cause the reporting of suspicious transactions in connection with the offering and sale of the Offered Shares. The Dealer Manager further represents that it is currently in compliance with all AML Rules, specifically including, but not limited to, the Customer Identification Program requirements under Section 326 of the Money Laundering Abatement Act, and the Dealer Manager hereby covenants to remain in compliance with such requirements and shall, upon request by the Company, provide a certification to the Company that, as of the date of such certification (a) its AML Program is consistent with the AML Rules and (b) it is currently in compliance with all AML Rules, specifically including, but not limited to, the Customer Identification Program requirements under Section 326 of the Money Laundering Abatement Act.

  • Annual Statement of Compliance The Officer’s Certificate required to be delivered by the Issuing Entity, pursuant to Section 3.9 of the Indenture or the Officer’s Certificate required to be delivered by the Servicer pursuant to Section 4.01(a) of the Servicing Agreement, as applicable.

  • Single Audit Act Compliance If the Contractor is a subrecipient and expends $750,000 or more in federal awards from any and/or all sources in any fiscal year, the Contractor shall procure and pay for a single audit or a program-specific audit for that fiscal year. Upon completion of each audit, the Contractor shall: (1) Submit to the DSHS contact person the data collection form and reporting package specified in 2 CFR Part 200, Subpart F, reports required by the program-specific audit guide (if applicable), and a copy of any management letters issued by the auditor; (2) Follow-up and develop corrective action for all audit findings; in accordance with 2 CFR Part 200, Subpart F; prepare a “Summary Schedule of Prior Audit Findings” reporting the status of all audit findings included in the prior audit's schedule of findings and questioned costs.

  • GAAP Compliance Contractor maintains an adequate system of accounting and internal controls that meets Generally Accepted Accounting Principles.

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