Non-Issuance of Certificates Sample Clauses

Non-Issuance of Certificates. In the event that the Trust informs Forum that any Fund or Class thereof does not issue share certificates, Forum shall not issue any such share certificates and the provisions of this Agreement relating to share certificates shall not be applicable with respect to those Funds or Classes thereof.
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Non-Issuance of Certificates. DQS India may only issue Certificates if all requirements have been fulfilled following the assessment (initial/re-assessment). In case of non-fulfillment, the assessor documents the shortcomings in a nonconformity report and/or otherwise identifies the restraints which must be complied with in order for a certificate to be issued. All non-conformances or restraints must be eliminated or complied with within the timeframes identified in the audit report. If necessary, DQS India will repeat the assessment in full or in part. The resulting costs will be invoiced to Customer based upon the effort required. If the non-conformances have not been eliminated or if the prerequisites for the granting of a certificate have not been achieved even after follow- up assessments, the certification procedure will be concluded by the issuance of a report without a certificate. Customer understands that it is liable to make complete payment of the assessment invoices even if the certificate is not issued. If Customer’s management system is found to conform to the applicable Requirements, Customer will receive a Certificate. Upon issuance of a Certificate, a surveillance service will be established and the name of Customer and of the scope of Certification will appear in DQS India published records. The establishment and maintenance of Certification is contingent upon the execution of this Agreement and the continued adherence to its terms and conditions by Customer. Customer agrees that it will cooperate with DQS India in ascertaining the facts if it is reported that Customer's management system and/or goods or services are not in conformance with the applicable Requirements, including sharing such information as Customer acquires regarding the reported nonconformance, and to take and report to DQS India on any corrective action necessary. Customer agrees that the surveillance service and any special assessments conducted by DQS India are designed to serve only as a check on the means the Customer exercises to determine conformance of its management system with the applicable Requirements, and that Customer is in no way relieved of its responsibility for its management system and those goods or services within the scope of the Certificate.
Non-Issuance of Certificates. BQAS may only issue Certificates if all requirements of the selected standard(s), specifications and contracts have been fulfilled following the assessment (initial/re-certification). In case of fulfillment, the assessor documents the shortcomings in a nonconformity report and/or otherwise identifies the restraints which must be complied with in order for a Certificate to be issued. All no-conformance or restraints shall be eliminated prior to the issuance of a BQAS Certificate. If necessary, BQAS will repeat the assessment partially or in full. If the non-conformance have not been eliminated, or if the Pre-requisites for the granting of a Certificate have not been achieved even after follow up assessments, the certification procedure will be concluded by the issuance of a report without a certificate.
Non-Issuance of Certificates. DQS may only issue Certificates if all specifications following the assessment (initial/re-assessment) have been fulfilled. In case of non-fulfillment, the assessor documents the shortcomings in a nonconformity report and/or otherwise identifies the restraints which must be complied with in order for a certificate to be issued. All non-conformances or restrained shall be eliminated or fulfilled usually within three months. Other standard- specific deadlines are included in the respective standard. If necessary, DQS will repeat the assessment partially or in full. For this, the costs will be invoiced as per the current price list (depending of effort required). If the non-conformances have not been eliminated within three months or if the prerequisites for the granting of a certificate have not been achieved even after two follow-up assessments, the certification procedure will be concluded by the issuance of a report without a certificate. Not processing minor non-conformities may also lead to major non-conformities under certain conditions. These types of major conformities shall be eliminated as described above. Details are specified in the requirements of the individual standards.

Related to Non-Issuance of Certificates

  • Issuance of Certificates No later than three (3) business days following the exercise of any Warrant and the clearance of the funds in payment of the Warrant Price pursuant to Section 3.3.1 or cashless exercise pursuant to Section 3.3.2, the Company shall issue, or cause to be issued, to the Registered Holder of such Warrant a certificate or certificates representing (or at the option of the Registered Holder, deliver electronically through the facilities of the Depository Trust Corporation) the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it, and, if such Warrant shall not have been exercised or surrendered in full, a new countersigned Warrant for the number of shares as to which such Warrant shall not have been exercised or surrendered. Notwithstanding the foregoing, the Company shall not deliver, or cause to be delivered, any securities without applicable restrictive legend pursuant to the exercise of a Warrant unless (a) a registration statement under the Act with respect to the shares of Common Stock issuable upon exercise of such Warrants is effective and a current prospectus relating to the shares of Common Stock issuable upon exercise of the Warrants is available for delivery to the Registered Holder of the Warrant or (b) in the opinion of counsel to the Company, the exercise of the Warrants is exempt from the registration requirements of the Act and such securities are qualified for sale or exempt from qualification under applicable securities laws of the states or other jurisdictions in which the Registered Holder resides. Warrants may not be exercised by, or securities issued to, any Registered Holder in any state in which such exercise or issuance would be unlawful. In addition, in no event will the Company be obligated to pay such Registered Holder any cash consideration upon exercise or otherwise “net cash settle” the Warrant.

  • Issuance of Certificate Upon the exercise of the Warrants, the issuance of a certificate for Warrant Shares (or other securities) shall be made forthwith (and in any event within five (5) business days thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificate shall (subject to the provisions of Sections 6 and 8 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificate unless or until the person or persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificate and the certificate representing the Warrant Shares (or other securities) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. The Warrant Certificate shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

  • Cancellation of Certificates Any Certificate surrendered for registration of transfer or exchange shall be cancelled and retained in accordance with normal retention policies with respect to cancelled certificates maintained by the Trustee or the Certificate Registrar.

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