Compliance Risks Sample Clauses

Compliance Risks. Consistent with C.4.12 of its proposal, the Contractor shall establish and implement an effective system for routine monitoring and identification of compliance risks, including internal monitoring and audits. Compliance risks must be reported to the HHS Contracting Officer Technical Representative (“COTR”).
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Compliance Risks. As a registered municipal advisor, the Company will be subject to ongoing compliance requirements, such as those relating to recordkeeping, supervision, supervisory procedures and continuing education, among others. The cost of compliance may be significant, in terms of both time and money. In recent years, state and federal regulators have become increasingly active in conducting examinations and significant penalties may result from compliance failures, including a revocation or suspension of necessary licenses, fines and other disciplinary measures. The imposition of such penalties would be detrimental to the business and operations of the Company. There can be no assurance that the Com- pany’s compliance program will be implemented successfully or that regulatory requirements otherwise will be satisfied. Loss of income resulting from regulatory noncompliance could have a material adverse effect on the operating results of the Company.
Sample 1
Compliance Risks. Consistent with section C.4.12 of its proposal, the Contractor shall establish and implement an effective system for routine monitoring and identification of compliance risks, including internal monitoring and audits. Compliance risks must be reported to the HHS Contracting Officer Representative (“COR”). B.4.18. Coordination of Benefits: Consistent with section C.4.13 of its proposal, the Contractor shall develop and implement a system for coordinating benefits for health and prescription drug claims with other payers as needed. Claims shall be payable under the high risk pool program on a secondary basis to all other coverage.
Sample 1
Compliance Risks. If continuing the Loan to you, in Quantix's sole discretion, may pose a significant compliance or reputational risk to Quantix. Upon termination under this Section 22.2, you shall immediately repay to Quantix the outstanding balance of the Loan, including any accrued interest and fees incurred, without prejudice to any other rights or remedies that Quantix may have under this Agreement or applicable law.
Sample 1

Related to Compliance Risks

  • Compliance with Sanctions (i) The Company represents that neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer, employee, agent, affiliate or representative of the Company or any of its subsidiaries, is an individual or entity (“Person”) that is, or is owned or controlled by a Person that is: (A) the subject of any sanctions administered or enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council (“UNSC”), the European Union (“EU”), Her Majesty’s Treasury (“HMT”), or other relevant sanctions authority (collectively, “Sanctions”), or (B) located, organized or resident in a country or territory that is the subject of Sanctions (including, without limitation, Cuba, Iran, North Korea, Sudan and Syria). (ii) The Company represents and covenants that neither it nor any of its subsidiaries will, directly or indirectly, use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person: (A) to fund or facilitate any activities or business of or with any Person or in any country or territory that, at the time of such funding or facilitation, is the subject of Sanctions; (B) to fund or facilitate, directly or indirectly, any transaction that is prohibited under the Bribery Act; or (C) in any other manner that will result in a violation of Sanctions by any Person (including any Person participating in the offering, whether as underwriter, advisor, investor or otherwise). (iii) The Company represents and covenants that, for the past 5 years, neither it nor any of its subsidiaries has knowingly engaged in, is now knowingly engaged in, or will engage in, any dealings or transactions with any Person, or in any country or territory, that at the time of the dealing or transaction is or was the subject of Sanctions.

  • Compliance Policies and Procedures To assist the Fund in complying with Rule 38a-1 of the 1940 Act, BBH&Co. represents that it has adopted written policies and procedures reasonably designed to prevent violation of the federal securities laws in fulfilling its obligations under the Agreement and that it has in place a compliance program to monitor its compliance with those policies and procedures. BBH&Co will upon request provide the Fund with information about our compliance program as mutually agreed.

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