Change in Status of ACDBE Sample Clauses

Change in Status of ACDBE. If during the term of the Lease, it is necessary for Lessee to terminate its relationship with an ACDBE for cause or because the ACDBE ceases to do business at the Airport or ceases to exist, Lessee shall advise the Authority of its intent to terminate and obtain the Authority's consent to the termination. The Authority's consent shall not be unreasonably withheld. If the termination is approved, Lessee shall make good faith efforts to replace the ACDBE with another ACDBE that has been reviewed, certified and approved by the Authority's Equal Opportunity Programs Office. The ACDBE replacement shall occur within 180 days of the date on which the previous ACDBE is terminated or ceases to do business or ceases to exist. Such ACDBE shall participate in the Lessee’s operation at least to the same extent as the previous ACDBE participant. If Lessee is unable to find a replacement ACDBE, it must file a Request for Waiver of all or part of the ACDBE goal prior to the expiration of the 180 day time period. Lessee must demonstrate that it made good faith efforts to achieve the ACDBE goal. In determining whether good faith efforts have been made, the Authority shall consider whether the steps taken were those that a firm aggressively seeking ACDBE participation would take in the normal course of doing business; whether those steps had a reasonable probability of success; and whether, based upon the size, scope and complexity of the concession there are qualified ACDBE firms available and willing to participate in a reasonable manner. If Lessee submits a Request for Waiver of the ACDBE goal, it must provide a detailed narrative description of its efforts to obtain ACDBE participation and include thorough and complete documentation of all efforts that were made, including, but not limited to, efforts to identify potential ACDBE subcontractors/lessees, advertisements, written solicitation of interest from ACDBEs, follow-up of initial solicitations, offers made to ACDBEs, negotiations with DBEs, letters from ACDBEs declining offers or expressing lack of interest, and reasonable efforts to assist interested ACDBEs with financing or removal of other obstacles to ACDBE participation. The Authority will respond to Lessee's Request for Waiver within 30 days following its receipt. If the Request for Waiver is not granted, Lessee will be required to meet the ACDBE goal within 90 days following the date of the Authority's denial of the Request for Waiver.
Sample 1
AutoNDA by SimpleDocs

Related to Change in Status of ACDBE

  • Change in Status ‌ In the event of any substantive change in its legal status, organizational structure, or fiscal reporting responsibility, Contractor will notify HCA of the change. Contractor must provide notice as soon as practicable, but no later than thirty (30) calendar days after such a change takes effect.

  • What if a Prohibited Transaction Occurs If a “prohibited transaction”, as defined in Section 4975 of the Internal Revenue Code, occurs, the Xxxxxxxxx Education Savings Account could be disqualified. Rules similar to those that apply to Traditional IRAs will apply.

  • What If I Engage in a Prohibited Transaction If you engage in a “prohibited transaction,” as defined in Section 4975 of the Internal Revenue Code, your account will be disqualified, and the entire balance in your account will be treated as if distributed to you and will be taxable to you as ordinary income. Examples of prohibited transactions are:

  • Action Item Task MSU Status Comments I.1 The University will employ and empower a Clery Act compliance professional (CCP). The CCP must report to a Vice President (VP) or equivalent. The CCP must not be employed in or under the sole authority of the Office of the General Counsel (OGC). Implemented The Office of Audit, Risk and Compliance (OARC) hired a qualified candidate who began work in February 2020.

  • CHANGE IN CONTROL OF SELLER Prior to a potential change of control of SELLER and at least ninety (90) days prior to the proposed effectiveness of such change of control, SELLER will promptly notify LOCKHEED XXXXXX in writing thereof, and provide the identity of the potential new controlling party and information on such party and the transaction as LOCKHEED XXXXXX may request, consistent with applicable law and confidentiality restrictions.

  • Change in Services If Customer wishes to change the scope of the Services, it shall submit details of the requested change to Company in writing. Changes may incur additional fees included, but not lim- ited to, engineering time fees, change of equipment fees, and administrative fees. USED GOODS. Should the Agreement include the purchase of used machinery, parts or other equipment, said used equipment are sold “AS IS” and “with all faults”. Company makes no warranty related to the title of these goods.

  • Change in Scope For substantial modifications in authorized Project scope, and/or substantial modifications of drawings and/or specifications previously accepted by City, when requested by City and through no fault of Consulting Engineer/Architect, the Consulting Engineer/Architect shall be compensated for time and expense required to incorporate such modifications at Consulting Engineer/Architect's standard hourly rates per Exhibit B; provided, however, that any increase in contract price or contract time must be approved through a written change order. Consulting Engineer/Architect shall correct or revise any errors or deficiencies in its designs, drawings or specifications without additional compensation when due to Consulting Engineer/Architect's negligence or other actionable fault.

  • Reportable Events Involving the Xxxxx Law Notwithstanding the reporting requirements outlined above, any Reportable Event that involves solely a probable violation of section 1877 of the Social Security Act, 42 U.S.C. §1395nn (the Xxxxx Law) should be submitted by Practitioner to CMS through the self-referral disclosure protocol (SRDP), with a copy to the OIG. If Practitioner identifies a probable violation of the Xxxxx Law and repays the applicable Overpayment directly to the CMS contractor, then Practitioner is not required by this Section III.G to submit the Reportable Event to CMS through the SRDP.

  • Certification Regarding Debarment, Suspension, Ineligibility and Voluntary Exclusion - Lower Tier Covered Transactions (a) The prospective lower tier participant certifies, by submission of this proposal, that neither it nor its principals is presently debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from participation in this transaction by any federal department or agency.

  • Status Change Upon the termination of the Optionee’s Employment, this Option shall continue or terminate, as and to the extent provided in the Plan and this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.