Compliance with ISO Sample Clauses
The 'Compliance with ISO' clause requires parties to adhere to specific standards set by the International Organization for Standardization (ISO) relevant to the contract's subject matter. In practice, this means that products, services, or processes provided under the agreement must meet certain ISO benchmarks, such as ISO 9001 for quality management or ISO 27001 for information security. This clause ensures that all deliverables maintain a recognized level of quality and reliability, reducing the risk of substandard performance and providing assurance to both parties regarding industry best practices.
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Compliance with ISO. Each New Container acquired by the Borrower on or after the Restatement Date shall be an ISO compliant Container (excluding any tank containers), less than twenty-four (24) months old and, provided however, at least ninety percent (90%) of such New Containers (based on the aggregrate Net Book Values of all New Containers) shall be subject to Term Lease;