NPA Qualification Clause Samples
The NPA Qualification clause defines the criteria and conditions under which a party or entity is recognized as a Non-Performing Asset (NPA) for the purposes of the agreement. Typically, this clause outlines specific financial thresholds, timeframes of non-payment, or other performance indicators that must be met before an asset is classified as non-performing. For example, it may specify that a loan is considered an NPA if payments are overdue for more than 90 days. The core function of this clause is to establish clear and objective standards for identifying NPAs, thereby ensuring consistency in financial reporting and risk management.
NPA Qualification. The CNA shall evaluate and recommend NPA initial qualification to the Commission in accordance with 41 C.F.R. § 51-4.2. This includes, but is not limited to, evaluating whether an NPA meets the definition of a qualified NPA. The CNA shall provide assistance to NPAs to ensure that proposed NPAs have valid Commercial and Government Entity (CAGE) codes, Data Universal Numbering System (DUNS) numbers, and are registered in the federal System for Award Management upon being determined to meet the initial AbilityOne Program qualifications.
NPA Qualification. The CNA shall evaluate and recommend NPA initial qualification to the Commission in accordance with 41 C.F.R. § 51-4.2. This includes, but is not limited to, evaluating whether an NPA meets the definition of a qualified NPA. The CNA shall provide assistance to NPAs to ensure that proposed NPAs have valid Commercial and Government Entity (CAGE) codes, Data Universal Numbering System (DUNS) numbers, and are registered in the federal System for Award Management upon being determined to meet the initial AbilityOne Program qualifications. Additionally, the CNA shall review and evaluate representations and certifications submitted by NPAs in accordance with 41 C.F.R. 51-4.3 to recommend to the Commission whether an NPA has maintained its qualifications to participate in the AbilityOne Program
NPA Qualification. The CNA shall evaluate and recommend NPA initial
NPA Qualification. The CNA shall evaluate and recommend NPA initial qualification and maintained qualification to the Commission in accordance with 41 C.F.R. § 51-4.2 and 4.3. The CNA shall, at the time designated by the Commission, submit a completed, original copy of the appropriate NPA Initial Certification Form (Committee Form 401 or 402) in PLIMS for the NPA concerned within ten (10) business days of designation or receipt of the Initial Certification from the NPA, whichever is later. This requirement does not apply to an NPA that is already authorized to furnish a commodity or service under the JWOD Act. The CNA shall also provide assistance to NPAs to ensure that proposed NPAs have valid Commercial and Government Entity (CAGE) codes, Data Universal Numbering System (DUNS) numbers, and are registered in the Federal System for Award Management (▇▇▇) upon being determined to meet the initial AbilityOne Program qualifications.”