BEE Compliance Sample Clauses

BEE Compliance. As at the Signature Date the Company complies with all black economic empowerment and social development conditions and obligations requirements of the MPRDA and the Charter.
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BEE Compliance. Fidelity is committed to the evolution of meaningful Black participation at all levels of the South African Economy and continually strives to increase its interaction with all sections of the broader black community. Therefore the Contractor will use its best endeavours to comply with all Black Economic Empowerment processes or procedures as set out in the Black Economic Empowerment Act 53 of 2003 as amended from time to time. If applicable the Contractor will provide Fidelity with a valid BEE Certificate. Should the Contractor be exempt from required BEE status, they will provide Fidelity with the necessary confirmation from a relevant Accounting Officer.
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BEE Compliance. 14.8. 1 The Supplier acknowledges Experian’s commitment to implementing the principles and objectives of broad-based black economic empowerment (“B-BBEE”) as set out in the Broad- Based Black Economic Empowerment Act 53, 2003 (“the Act”). 14.8. 2 The Supplier warrants to Experian that it is in possession of a valid rating in terms whereof the Supplier has a B-BBEE rating in accordance with the Department of Trade and Industry’s Codes of Good Practice or the prevailing recognized industry code(s), which certificate has been issued by an accredited verification agency. 14.8. 3 The Supplier undertakes to use reasonable commercial endeavours to maintain and improve this rating for the duration of the Agreement or any extension thereof. If it transpires that the Supplier’s B-BBEE rating decreases at any time during the duration of this Agreement or any renewal thereof, the Supplier shall notify Experian thereof and in conjunction with Experian determine a reasonable and mutually satisfactory approach to rectifying the situation with a view to at least reinstating the previous B-BBEE rating as soon as reasonably possible thereafter if reasonable commercially viable to Experian. 14.8. 4 The Supplier undertakes to have at all times a valid certificate demonstrating its B-BBEE status and to present it to Experian upon Experian’s request. If the Supplier fails to maintain at least a level 4 BEE status (once it has achieved this status) and/or is unable to provide Experian with a valid BEE certificate, Experian may issue a notice to the Supplier requiring it to remedy the failure within 60 (sixty) days, failing which Experian shall have the right to (i) deduct a penalty of 2% from the remuneration payable to the Supplier during the period in which the Supplier failed to maintain a level 4 BEE status; or (ii) in lieu of invoking the aforementioned penalty, suspend all payment and/or trading with the Supplier until a BEE improvement plan is agreed to between Experian an the Supplier or the Supplier provides Experian with a valid BEE Certificate (a level 4 or above); or (iii) suspend or terminate this Agreement, without any penalty.
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Related to BEE Compliance

  • Lessee Compliance Lessor shall not be required to tender possession of the Premises to Lessee until Lessee complies with its obligation to provide evidence of insurance (Paragraph 8.5). Pending delivery of such evidence, Lessee shall be required to perform all of its obligations under this Lease from and after the Start Date, including the payment of Rent, notwithstanding Lessor's election to withhold possession pending receipt of such evidence of insurance. Further, if Lessee is required to perform any other conditions prior to or concurrent with the Start Date, the Start Date shall occur but Lessor may elect to withhold possession until such conditions are satisfied.

  • CEQA Compliance The District has complied with all assessment requirements imposed upon it by the California Environmental Quality Act (Public Resource Code Section 21000 et seq. (“CEQA”) in connection with the Project, and no further environmental review of the Project is necessary pursuant to CEQA before the construction of the Project may commence.

  • OSHA Compliance To the extent applicable to the services to be performed under this Agreement, Contractor represents and warrants, that all articles and services furnished under this Agreement meet or exceed the safety standards established and promulgated under the Federal Occupational Safety and Health Law (Public Law 91-596) and its regulations in effect or proposed as of the date of this Agreement.

  • FERPA Compliance In connection with all FERPA Records that Contractor may create, receive or maintain on behalf of University pursuant to the Underlying Agreement, Contractor is designated as a University Official with a legitimate educational interest in and with respect to such FERPA Records, only to the extent to which Contractor (a) is required to create, receive or maintain FERPA Records to carry out the Underlying Agreement, and (b) understands and agrees to all of the following terms and conditions without reservation:

  • CRA Compliance Neither Buyer nor any Buyer Subsidiary has received any notice of non-compliance with the applicable provisions of the CRA and the regulations promulgated thereunder. As of the date hereof, Buyer’s and each Buyer Subsidiary’s most recent examination rating under the CRA was “satisfactory” or better. Buyer knows of no fact or circumstance or set of facts or circumstances which would be reasonably likely to cause Buyer or any Buyer Subsidiary to receive any notice of non-compliance with such provisions of the CRA or cause the CRA rating of Buyer or any Buyer Subsidiary to decrease below the “satisfactory” level.