Common use of Probationary Status Clause in Contracts

Probationary Status. The Treasury may withhold all or a portion of the compensation if the Financial Agent is placed on probation. This certificate is delivered as provided in Section 13 of the Financial Agency Agreement (FAA) effective December , 2009, between the U.S. Department of the Treasury (the Treasury) and [Financial Institution name]. I, [Name of Authorized Official], a duly authorized official of [Financial Institution name], certify that: 1. [Financial Institution name] is an institution established and regulated under the laws of the United States or any State, territory, or possession of the United States and having significant operations in the United States; 2. [Financial Institution name] is taking all reasonable steps to ensure that nonpublic information obtained from or on behalf of the Treasury is properly safeguarded, in accordance with the FAA and 31 CFR Part 31as may be amended from time to time; 3. all charges and expenses charged to the Treasury are accurate and attributable to services provided to the Treasury; 4. [Financial Institution name] is not on any Federal excluded parties, debarment, or suspension lists; 5. [Financial Institution name] is not delinquent on any Federal tax obligation or on any other debt owed to the United States and that [Financial Institution name] agrees to execute IRS Form 8821, and any other necessary Federal forms, to allow the Treasury to verify such information;

Probationary Status. The Treasury may withhold all or a portion of the compensation if the Financial Agent is placed on probation. This certificate is delivered as provided in Section 13 of the Financial Agency Agreement (FAA) effective December April 21, 2009, between the U.S. Department of the Treasury (the Treasury) and [Financial Institution name]. I, [Name of Authorized Official], a duly authorized official of [Financial Institution name], certify that: 1. [Financial Institution name] is an institution established and regulated under the laws of the United States or any State, territory, or possession of the United States and having significant operations in the United States; 2. [Financial Institution name] is taking all reasonable steps to ensure that nonpublic information obtained from or on behalf of the Treasury is properly safeguarded, in accordance with the FAA and 31 CFR Part 31as may be amended from time to time; 3. all charges and expenses charged to the Treasury are accurate and attributable to services provided to the Treasury; 4. [Financial Institution name] is not on any Federal excluded parties, debarment, or suspension lists; 5. [Financial Institution name] is not delinquent on any Federal tax obligation or on any other debt owed to the United States and that [Financial Institution name] agrees to execute IRS Form 8821, and any other necessary Federal forms, to allow the Treasury to verify such information;

Probationary Status. The Treasury may withhold all or a portion of the compensation if the Financial Agent is placed on probation. This certificate is delivered as provided in Section 13 of the Financial Agency Agreement (FAA) effective December March 16, 2009, between the U.S. Department of the Treasury (the Treasury) and [Financial Institution name]. I, [Name of Authorized Official], a duly authorized official of [Financial Institution name], certify that: 1. [Financial Institution name] is an institution established and regulated under the laws of the United States or any State, territory, or possession of the United States and having significant operations in the United States; 2. [Financial Institution name] is taking all reasonable steps to ensure that nonpublic information obtained from or on behalf of the Treasury is properly safeguarded, in accordance with the FAA and 31 CFR Part 31as may be amended from time to time; 3. all charges and expenses charged to the Treasury are accurate and attributable to services provided to the Treasury; 4. [Financial Institution name] is not on any Federal excluded parties, debarment, or suspension lists; 5. [Financial Institution name] is not delinquent on any Federal tax obligation or on any other debt owed to the United States and that [Financial Institution name] agrees to execute IRS Form 8821, and any other necessary Federal forms, to allow the Treasury to verify such information;

Probationary Status. The Treasury may withhold all or a portion of the compensation if the Financial Agent is placed on probation. This certificate is delivered as provided in Section 13 of the Financial Agency Agreement (FAA) effective December , 2009[DATE], between the U.S. Department of the Treasury (the Treasury) and [Financial Institution name]. I, [Name of Authorized Official], a duly authorized official of [Financial Institution name], certify that: 1. [Financial Institution name] is an institution established and regulated under the laws of the United States or any State, territory, or possession of the United States and having significant operations in the United States; 2. [Financial Institution name] is taking all reasonable steps to ensure that nonpublic information obtained from or on behalf of the Treasury is properly safeguarded, in accordance with the FAA and 31 CFR Part 31as 31 as may be amended from time to time; 3. all charges and expenses charged to the Treasury are accurate and attributable to services provided to the Treasury; 4. [Financial Institution name] is not on any Federal excluded parties, debarment, or suspension lists; 5. [Financial Institution name] is not delinquent on any Federal tax obligation or on any other debt owed to the United States and that [Financial Institution name] agrees to execute IRS Form 8821, and any other necessary Federal forms, to allow the Treasury to verify such information;