Common use of MBE/WBE Clause in Contracts

MBE/WBE. If applicable, unless waived by Institution in writing, Company must expend at least 25% of the Fee (including all modifications and amendments to it) with one or more certified minority business enterprises (“MBE”) and at least 7% of the Fee (including all modifications and amendment to it) with one or more certified women’s owned business enterprises (“WBE”). The Company will adhere to any and all reporting and other requirements as set forth in the Board's Minority and Women Business Enterprise Contract Participation Plan, including but not limited to the Company’s response to Schedule A of the plan on file with the Office of Procurement Services. The Plan can be found at xxxx://xxx.xxx.xxx/services/Pages/Become-a-Vendor.aspx Failure to comply with this provision constitutes a material breach of this Agreement and may result in termination of the Agreement and other remedies.

MBE/WBE. If applicable, unless waived by Institution Board in writing, Company must expend at least 25% of the Fee (including all modifications and amendments to it) with one or more certified minority business enterprises (“MBE”) and at least 7% of the Fee (including all modifications and amendment to it) with one or more certified women’s owned business enterprises (“WBE”). The Company will adhere to any and all reporting and other requirements as set forth in the Board's Minority and Women Business Enterprise Contract Participation Plan, including but not limited to the Company’s response to Schedule A of the plan on file with the Office of Procurement Services. The Plan can be found at xxxx://xxx.xxx.xxx/services/Pages/Become-a-Vendor.aspx Failure to comply with this provision constitutes a material breach of this Agreement and may result in termination of the Agreement and other remedies. Due to the nature of the services being provided by Company, the Board has approved a waiver of this provision.