Financial Assistance Programs Clause Samples
The Financial Assistance Programs clause establishes the terms under which financial support or aid is provided to eligible parties. It typically outlines the types of assistance available, such as grants, loans, or subsidies, and specifies the criteria for qualification, application procedures, and any obligations recipients must fulfill. By clearly defining the scope and conditions of financial support, this clause ensures transparency and fairness in the distribution of resources, helping to prevent misunderstandings and disputes over eligibility or compliance.
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Financial Assistance Programs. The national overall goal for participation of Disadvantaged Business Enterprises is 10%. The COMET’s overall goal for DBE participation is 5%. A separate goal of 10% has been established for this Agreement. The Contractor shall not discriminate on the basis of race, color, national origin, or sex in the performance of this Agreement. The Contractor shall carry out applicable requirements of 49 CFR Part 26 in the award and administration of this DOT-assisted contract. Failure by the Contractor to carry out these requirements is a material breach of this Agreement, which may result in the termination of this Agreement or such other remedy as The COMET deems appropriate. Each subcontract the Contractor signs with a subcontractor must include the assurance in this paragraph (see 49 CFR 26.13(b)). The Contractor shall provide semi-annual reports on a schedule as determined by The COMET to ensure compliance of this section should a DBE goal for this Agreement be established.
Financial Assistance Programs. 31 4.23 Transactions with Affiliates...................................................................32 4.24
Financial Assistance Programs i) It shall be the responsibility of the Member and Fiscal Agent to make application for Medicaid or other reimbursement programs including the preparation of any and all supporting documents which may be required of the Member in connection with such application. FH agrees upon request to assist the Member and Financial Agent in the preparation and filing of such application.
ii) All payments due under this Agreement will continue to be made by the Member until FH receives written notice of the Member's eligibility to receive Medicaid or other reimbursement funds.
Financial Assistance Programs. (a) Section 2.24 of the Company Disclosure Letter lists each program, including institutional or private programs, pursuant to which student financial assistance, grants or loans ("Financial Assistance") are provided to or on behalf of the School's students.
(b) Section 2.24 of the Company Disclosure Letter lists all agreements between the Company or the School and the DOE or any guaranty agency relating to Financial Assistance. Each such agreement is in full force and effect, is a valid and binding and enforceable obligation by or against the Company or the School and the other party or parties thereto and no event has occurred which constitutes or, with the giving of notice or the passage of time or both would constitute, a default or breach thereunder. The Company has delivered to the Parent true, correct and complete copies of each contract or agreement listed.
Financial Assistance Programs. (i) The Company and each School has complied with the limitation on the receipt of Title IV Program funding under the "85/15 Rule" codified at 34 C.F.R. (S) 600.5(d) for the three fiscal years ending on or before March 31, 1998, and under the "90/10 Rule" codified at 34 C.F.R. (S) 600.5(d) and amended by section 102(b)(1)(F) of Public Law No. 105-244 (Higher Education Amendments of 1998) for the two fiscal years ending on or before March 31, 2000.
(ii) The Company and each School satisfied the standards of financial responsibility in accordance with (i) 34 C.F.R. (S) 668.15 or 34 C.F.R. (S) 668.171-.174 for the fiscal year ending March 31, 1998, and (ii) 34 C.F.R. (S) 668.171.-.174 for the fiscal years ending March 31, 1999 and March 31, 2000.
(iii) Except as set forth in Section 4.20(d)(iii) of the -------------------- Company's Disclosure Schedule, since January 1, 1998, neither the Company nor any School has received notice from the DOE or any other Educational Agency that the Company or any School lacked financial responsibility or administrative capability for any period under the Education Laws or standards in effect in such period or was required to post a letter of credit or other form of surety for any reason, including any request for a letter of credit based on late refunds pursuant to 34 C.F.R. (S) 668.173, 34 C.F.R. (S) 668.15 or any predecessor regulation.
(iv) Section 4.20(d)(iv) of the Company's Disclosure Schedule ------------------- includes a correct and complete list of each School's official, published cohort default rates for Federal Family Education Loan Program loans or Federal Direct Loan Program loans for the federal fiscal years ending September 30, 1995, September 30, 1996, and September 30, 1997, respectively, and each School's draft cohort default rate for Federal Family Education Loan Program loans or Federal Direct Loan Program loans for the federal fiscal year ending September 30, 1998.
(v) To the Company's knowledge, since July 1, 1994, the Company and each School has complied in all material respects with all Education Laws concerning the provision of commissions, bonuses, or other incentive payments to admissions representatives, agents, and other Persons engaged in any student recruiting or admission activities or in making decisions regarding the awarding of Title IV Program funds for or on behalf of the Company or any School.
Financial Assistance Programs. Section 4.22 of the Company Disclosure Letter lists each Student Financial Assistance Program. Section 4.22 of the Company Disclosure Letter lists all agreements between the Company or any School and the DOE or any guaranty agency relating to Financial Assistance. Each such agreement is in full force and effect, is a valid and binding and enforceable obligation by or against the Company and the other party or parties thereto and no event has occurred which constitutes or, with the giving of notice or the passage of time or both could constitute, a default or breach thereunder. The Company has delivered to the Parent true and complete copies of each contract or agreement listed.
Financial Assistance Programs. 22 2.25 Litigation .................................................... 22 2.26 Insurance ..................................................... 23 2.27
Financial Assistance Programs. (i) Acquired Corporation and each Acquired Corporation Institution is, and has been determined by DOE to be, financially responsible pursuant to 34 C.F.R. Sections 668.15 for the fiscal year ending 12/31/97 and 668.171 - 668.174 for the fiscal years ending 12/31/98 and 12/31/99.
(ii) Acquired Corporation's Institution has complied with the limitation on the receipt of Title IV Program funding under the "85/15 Rule" codified at 34 C.F.R. (S) 600.5(d) for the three fiscal years ending on or before December 31, 1997, and under the "90/10 Rule" codified at 34 C.F.R. (S) 600.5(d) and amended by section 102(b)(1)(F) of Public Law No. 105-244 (Higher Education Amendments of 1998) for the two fiscal years ending on or before December 31, 1999. Any failure to comply will not have a material adverse effect upon the Acquired Corporation Institution.
(iii) Since July 1, 1994, neither the Acquired Corporation nor Acquired Corporation's Institution has received notice from the DOE or any other Educational Agency that Acquired Corporation or Acquired Corporation's Institution lacked financial responsibility or administrative capability for any period under the Education Laws or standards in effect in such period or was required to post a letter of credit or other form of surety for any reason, including any request for a letter of credit based on late refunds pursuant to 34 C.F.R. (S) 668.173, 34 C.F.R. (S) 668.15 or any predecessor regulation.
Financial Assistance Programs. The CONTRACTOR agrees that it shall not discriminate on the basis of race, color, national origin, or sex in the performance of this Contract. The CONTRACTOR shall carry out applicable requirements of 49 CFR Part 26 in the award and administration of DOT-assisted contracts. Failure by the CONTRACTOR to carry out these requirements is a material breach of Contract, which may result in the termination of the Contract or such other remedy as COUNTY may deem appropriate. Each subcontract the CONTRACTOR signs with a Subcontractor must include the assurance in this paragraph.
Financial Assistance Programs. The DBE Goal for this Procurement is included on the Cover Page of this Solicitation.