Common use of Disclosure Requirement Clause in Contracts

Disclosure Requirement. The Vendor shall disclose any indictment for any alleged felony, or any conviction for a felony within the past five years, under the laws of the United States or any state or territory of the United States, and shall describe circumstances for each. When a Vendor is an association, partnership, corporation, or other organization, this disclosure requirement includes the organization and its officers, partners, and directors or members of any similarly governing body. If an indictment or conviction should come to the attention of NYSERDA after the award of a contract, NYSERDA may terminate the agreement; the Vendor may be subject to penalties for violation of any law, which may apply in the particular circumstances. Vendors must also disclose if they have ever been debarred or suspended by any agency of the U.S. Government or the New York State Department of Labor. EXHIBIT B PART 504 PROMPT PAYMENT POLICY STATEMENT Section 504. Purpose and applicability. (a) The purpose of this Part is to implement section 2880 of the Public Authorities Law by detailing the authority's policy for making payment promptly on amounts properly due and owing by the authority under contracts. This Part constitutes the authority's prompt payment policy statement as required by that section. (b) This Part generally applies to payments due and owing by the authority to a person or business in the private sector under a contract it has entered into with the authority on or after May 1, 1988. This Part does not apply to payments due and owing: (1) under the Eminent Domain Procedure Law; (2) as interest allowed on judgments rendered by a court pursuant to any provision of law except Section 2880 of the Public Authorities Law; (3) to the Federal government; to any state agency or its instrumentalities; to any duly constituted unit of local government, including but not limited to counties, cities, towns, villages, school districts, special districts or any of their related instrumentalities; to any other public authority or public benefit corporation; or to its employees when acting in, or incidental to, their public employment capacity; (4) if the Authority is exercising a legally authorized set-off against all or part of the payment; or (5) if other State or Federal law or rule or regulation specifically requires otherwise.

Disclosure Requirement. The Vendor Contractor shall disclose any indictment for any alleged felony, or any conviction for a felony within the past five years, under the laws of the United States or any state or territory of the United States, and shall describe circumstances for each. When a Vendor Contractor is an association, partnership, corporation, or other organization, this disclosure requirement includes the organization and its officers, partners, and directors or members of any similarly governing body. If an indictment or conviction should come to the attention of NYSERDA after the award execution of a contractthis Agreement, NYSERDA may terminate the agreementthis Agreement; the Vendor Contractor may be subject to penalties for violation of any law, which may apply in the particular circumstances. Vendors Contractors must also disclose if they have ever been debarred or suspended by any agency of the U.S. Government or the New York State Department of Labor. EXHIBIT B PART 504 PROMPT PAYMENT POLICY STATEMENT Section 504. Purpose and applicability. (a) The purpose of this Part is to implement section 2880 of the Public Authorities Law by detailing the authority's policy for making payment promptly on amounts properly due and owing by the authority under contracts. This Part constitutes the authority's prompt payment policy statement as required by that section. (b) This Part generally applies to payments due and owing by the authority to a person or business in the private sector under a contract it has entered into with the authority on or after May 1, 1988. This Part does not apply to payments due and owing: (1) under the Eminent Domain Procedure Law; (2) as interest allowed on judgments rendered by a court pursuant to any provision of law except Section 2880 of the Public Authorities Law; (3) to the Federal government; to any state agency or its instrumentalities; to any duly constituted unit of local government, including but not limited to counties, cities, towns, villages, school districts, special districts or any of their related instrumentalities; to any other public authority or public benefit corporation; or to its employees when acting in, or incidental to, their public employment capacity; (4) if the Authority is exercising a legally authorized set-off against all or part of the payment; or (5) if other State or Federal law or rule or regulation specifically requires otherwise.