Conformance to Standards Sample Clauses
The Conformance to Standards clause requires that products, services, or processes provided under the agreement meet specified industry or regulatory standards. In practice, this means the party delivering goods or services must ensure they comply with relevant technical, safety, or quality benchmarks, such as ISO certifications or government regulations. This clause helps ensure consistency, reliability, and legal compliance, reducing the risk of substandard performance or regulatory violations.
Conformance to Standards. 1. The lender shall conform to the standards outlined in this agreement and Agency regulations for participation in the Agency's guaranteed loan program. MLP, CLP and PLP must maintain compliance with the criteria set forth in 7 C.F.R. Part 762. The Agency shall determine lender adherence to the standards based on: a. Adequacy in meeting requirements for origination, servicing, and liquidation of loans and lines of credit, including protection of collateral; b. Satisfaction of the reporting requirements of the Agency; c. Success in operating in a sound, prudent and businesslike manner; d. Portfolio performance compared to overall performance of the Agency's guaranteed loan program; and e. Results of on-site reviews of the underwriting and servicing performed by the lender.
Conformance to Standards. The lender shall conform to the standards outlined in this agreement and Agency regulations for participation in the Agency's guaranteed loan program. CLP and PLP must maintain compliance with the criteria set forth in 7 C.F.R. Part 762. The Agency shall determine lender adherence to the standards based on:
Conformance to Standards. The intermediary shall conform to all applicable laws and guidance imposed by the Agency in the execution of its intermediary responsibilities under the terms of this MOU. Additionally, the intermediary shall comply with all other applicable Federal and State laws, regulations, and guidelines.
Conformance to Standards. The packaging body shall conform to all applicable laws and guidance imposed by the Agency in the execution of its packaging body responsibilities under the terms of this MOU. Additionally, the packaging body shall comply with all other applicable Federal and State laws, regulations, and guidelines.
Conformance to Standards