Government Contract Audits Sample Clauses

Government Contract Audits. Promptly after Borrower’s receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 which disallowed costs arise out of any audit of Government Contracts of Borrower.
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Government Contract Audits. Provide written notice to Lender that Borrower has received the results of any and all audits by the Defense Contract Audit Agency, or any other government agency, conducted before the award of a contract, before the final payment on a contract, or at any other time, said notice to be delivered to Lender within thirty (30) days of Borrower's receipt of such audit results. Upon request by Lender, Borrower shall deliver all written results of such audits to Lender with ten (10) days of a request by Lender.
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Government Contract Audits. Upon reasonable -------------------------- request by Lender, Borrower shall deliver all written results of any and all audits by the Defense Contract Audit Agency, or any other government agency, conducted before the award of a contract, before the final payment on a contract, or at any other time, to Lender within ten (10) days of a request by Lender.
Sample 1
Government Contract Audits. Borrower shall notify the Lender of any incurred cost audits or systems audits conducted by the Defense Contract Audit Agency conducted before the award of a contract, before the final payment on a contract, or at any other time. The notice shall be given not later than ten (10) days after the Borrower has executed a certification of agreed rates. At Lender's request, Borrower shall promptly provide the Lender with a copy of the results of any such audit, to the extent made known to the Borrower.
Sample 1
Government Contract Audits. As soon as available but in no event -------------------------- more than ten (10) days after the Borrower's receipt, the results of all audits by the Defense Contract Audit Agency, or any other government agency, conducted before the award of a contract, before the final payment on a contract, or at any other time.
Sample 1
Government Contract Audits. Purchaser shall give notice to Per-Se of any notice Purchaser or the Company receives of any scheduled audits requested by the Defense Contract Audit Agency related to services provided prior to Closing under existing Government Contracts. Per-Se shall have the right to observe the audit process and review the results. Purchaser agrees to cause the Company to act reasonably and in good faith to mitigate the adverse consequences to any Party resulting from such an audit.
Sample 1
Government Contract Audits. For any Government Audit Period in respect of any Assumed Contract covering in whole or in part any period prior to the Closing Date, the Vendor shall be entitled to receive any amount receivable as a result of a favourable rate adjustment following a Government Contract Audit of such Assumed Contract (provided that if the applicable Government Audit Period includes a period on or following the Closing Date the Vendor shall be entitled to receive only a pro rated portion of such receivable based on the number of days in the Government Audit Period occurring prior to the Closing Date compared to the total number of days in the applicable Government Audit Period and the Purchaser shall be entitled to the remainder). The Vendor shall be responsible for and shall reimburse the Purchaser for any amount paid by the Purchaser as a result of an unfavourable rate adjustment in respect of a Government Contract Audit of any Assumed Contract covering in whole or in part any period prior to the Closing Date following a Government Contract Audit of such Assumed Contract (or the pro rated portion thereof, if the applicable Government Audit Period includes a period on or following the Closing Date). The Purchaser shall be responsible for and shall reimburse the Vendor for any amount paid by the Vendor as a result of an unfavourable rate adjustment in respect of a Government Contract Audit of any Assumed Contract covering in whole or in part any period on or following the Closing Date following a Government Contract Audit of such Assumed Contract (or the pro rated portion thereof, if the applicable Government Audit Period includes a period prior to the Closing Date).
Sample 1
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Government Contract Audits. Furnish Purchaser, promptly after any Credit Party’s receipt thereof, with (i) notice of any final decision of a contracting officer disallowing costs aggregating more than $250,000, which disallowed costs arise out of any audit of Government Contacts of any Credit Party, and (ii) copies of any material reports from auditors of Government Contracts.
Sample 1

Related to Government Contract Audits

  • Government Contracts Except as set forth in Disclosure Schedule (3.20), as of the Closing Date, no Credit Party is a party to any contract or agreement with any Governmental Authority and no Credit Party’s Accounts are subject to the Federal Assignment of Claims Act (31 U.S.C. Section 3727) or any similar state or local law.

  • Government Contract Government Contract" shall mean any prime contract, subcontract, letter contract, purchase order or delivery order executed or submitted to or on behalf of any Governmental Body or any prime contractor or higher-tier subcontractor, or under which any Governmental Body or any such prime contractor or subcontractor otherwise has or may acquire any right or interest.

  • Government Accounts Accounts that are the obligation of an Account Debtor that is the United States government or a political subdivision thereof, or any state, county or municipality or department, agency or instrumentality thereof unless Agent, in its sole discretion, has agreed to the contrary in writing, or the applicable Credit Party has complied with respect to such obligation with the Federal Assignment of Claims Act of 1940, or any applicable state, county or municipal law restricting the assignment thereof with respect to such obligation;

  • Government Compliance (a) Maintain its and all its Subsidiaries’ legal existence and good standing in their respective jurisdictions of organization and maintain qualification in each jurisdiction in which the failure to so qualify could reasonably be expected to have a Material Adverse Change. Comply with all laws, ordinances and regulations to which Borrower or any of its Subsidiaries is subject, the noncompliance with which could reasonably be expected to have a Material Adverse Change.

  • Government Receivables Take all steps necessary to protect Agent’s interest in the Collateral under the Federal Assignment of Claims Act, the Uniform Commercial Code and all other applicable state or local statutes or ordinances and deliver to Agent appropriately endorsed, any instrument or chattel paper connected with any Receivable arising out of contracts between any Borrower and the United States, any state or any department, agency or instrumentality of any of them.

  • Government Consents Borrower and each Subsidiary have obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all governmental authorities that are necessary for the continued operation of Borrower’s business as currently conducted, except where the failure to do so would not reasonably be expected to cause a Material Adverse Effect.

  • Government Consent No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental or public body or authority is required on the part of the Borrower to authorize, or is required in connection with the execution, delivery and performance of, or the legality, validity, binding effect or enforceability of, the Loan Documents.

  • GOVERNMENT PERMITS The Company and its subsidiaries possess such certificates, authorities or permits issued by the appropriate state, federal or foreign regulatory agencies or bodies necessary to conduct the business now operated by them, other than those which the failure to possess or own would not have, individually or in the aggregate, a Company MAE. Neither the Company nor any of its subsidiaries has received any notice of proceedings relating to the revocation or modification of any such certificate, authority or permit which, individually or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would result in a Company MAE.

  • No Government Review The Purchaser understands that neither the SEC nor any securities commission or other governmental authority of any state, country or other jurisdiction has approved the issuance of the Securities or passed upon or endorsed the merits of this Agreement, the Securities, or any of the other documents relating to the Placement, or confirmed the accuracy of, determined the adequacy of, or reviewed this Agreement, the Securities or such other documents.

  • Government Funding No government funding, facilities or resources of a university, college, other educational institution or research center or funding from third parties was used in the development of the Company’s Proprietary Assets and no governmental entity, university, college, other educational institution or research center has any claim or right in or to the Company’s Proprietary Assets.

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