Common use of Recruitment; Admissions Procedures; Attendance; Reports Clause in Contracts

Recruitment; Admissions Procedures; Attendance; Reports. Attached as EXHIBIT 14(14) to this Agreement are copies of all of the Sellers' policy manuals and other statements of procedures or instruction relating to recruitment of students, including procedures for assisting in the application by prospective students for direct or indirect state or Federal financial assistance; admissions procedures, including any descriptions of procedures for insuring compliance with state or Federal or other appropriate standards or tests of eligibility; procedures for encouraging and verifying attendance, minimum required attendance policies, and other relevant criteria relating to course completion and certification (collectively referred to as the "Policy Guidelines"). Sellers' operations have been conducted in all material respects in accordance with the Policy Guidelines. Each of the Sellers has submitted all reports, audits, and other information, whether periodic in nature or pursuant to specific requests ("Compliance Reports"), to all agencies or other entities with which such filings are required relating to its compliance with (i) applicable accreditation standards governing its activities or (ii) laws or regulations governing programs pursuant to which the Sellers or students attending the Schools receive funding, including, without limitation, the Perkxxx Xxxn Program, the Stafxxxx Xxxdent Loan Program, the Pell Grant Program and the Supplemental Educational Opportunity Grant Programs, or the Federal Direct Student Lending Program, all of which are provided for pursuant to Title IV of the HEA. Complete and accurate records in all material respects for all present and past students attending each of the Schools have been maintained consistent with the operations of a school business. All forms and records have been prepared, completed, maintained and filed in all material respects in accordance with all applicable federal and state laws and regulations, and are true and correct in all material respects. All financial aid grants and loans, disbursements and record keeping relating to them have been completed in compliance in all material respects with all federal and state requirements, and there are no material deficiencies in respect thereto. No student has been funded prior to the date for which such student was eligible for funding and such student's records have been processed in all material respects in accordance with all applicable federal, state and relevant third party funding source requirements. All appropriate reports and surveys have been accurately prepared, taken and filed prior to delinquency.

Appears in 1 contract

Samples: Asset Purchase Agreement (Educational Medical Inc)

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Recruitment; Admissions Procedures; Attendance; Reports. Attached as EXHIBIT 14(14Schedule 5.06(a) to this Agreement are copies attached hereto is a complete list of all of the Sellers' policy manuals and other statements of procedures or instruction relating to recruitment of studentsstudents for the School, including (a) procedures for assisting in the application by prospective students for direct or indirect state or Federal federal financial assistance; (b) admissions procedures, including any descriptions of procedures for insuring compliance with state or Federal federal or other appropriate standards or tests of eligibility; and (c) procedures for encouraging and verifying attendance, minimum required attendance policies, and other relevant criteria relating to course completion and certification (collectively referred to as collectively, the "Policy GuidelinesPOLICY GUIDELINES"). Sellers' Schedule 5.06(b) attached hereto sets forth a list of the Policy Guidelines with respect to those students continuing in the School after the Closing Date (the "DISCLOSED GUIDELINES"). Seller has delivered to Buyer true, correct and complete copies of all Policy Guidelines, Disclosed Guidelines and all documents and other information disseminated to students or prospective students. Seller's operations with respect to the School have been conducted in all material respects in accordance with the Policy GuidelinesGuidelines and all relevant standards imposed by applicable accrediting bodies, agencies administering state or federal governmental programs in which Seller participates, and other applicable laws or regulations. Each of the Sellers Seller has submitted all reports, audits, and other information, whether periodic in nature or pursuant to specific requests ("Compliance Reports")requests, including, without limitation, all annual compliance audits and audited financial statements, for the School to all agencies or other entities with which such filings are required relating to its compliance with (i) applicable accreditation standards governing its activities or and (ii) laws or regulations governing programs pursuant to which the Sellers Seller or its students attending the Schools receive funding, including, without limitation, the Perkxxx Xxxn Program, the Stafxxxx Xxxdent Loan Program, the Pell Grant Program and the Supplemental Educational Opportunity Grant Programs, or the Federal Direct Student Lending Program, all of which are provided for pursuant to Title IV of the HEA. Complete Materially complete and accurate records in all material respects for all present and past students attending each of the Schools School have been maintained consistent with the operations of a school business. All forms and records with respect to the School have been prepared, completed, maintained and filed in all material respects in accordance with all applicable federal and state laws and regulations, and are true and correct in all material respectscorrect, provided, however, the Seller has, where reasonable and customary, accepted as true, facts and data provided by third parties. All financial aid grants and loans, disbursements and record keeping relating to them thereto have been completed in compliance in all material respects with all federal and state requirements, and there are no material deficiencies in respect thereto. No The School and Seller have complied with the legal requirements that no student has been at the School be funded prior to the date for which such student was eligible for funding. Seller covenants and agrees that it shall reimburse Buyer for and indemnify Buyer against any fines, penalties, expenses, costs and other losses Buyer may incur as a result of any pre-eligibility funding and such student's records have been processed in all material respects in accordance with all applicable federal, state and relevant third party funding source requirements. All appropriate reports and surveys have been accurately prepared, taken and filed prior to delinquencythe Closing Date. The records of each student at the School conform in form and substance to all relevant regulatory requirements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Corinthian Colleges Inc)

Recruitment; Admissions Procedures; Attendance; Reports. Attached as EXHIBIT 14(14Schedule 5.06(a) to this Agreement are copies attached hereto is a complete list of all of the Sellers' policy manuals and other statements of procedures or instruction relating to recruitment of studentsstudents for the Schools at any time during the three previous years, including (a) procedures for assisting in the application by prospective students for direct or indirect state or Federal financial assistance; (b) admissions procedures, including any descriptions of procedures for insuring compliance with state or Federal federal or other appropriate standards or tests of eligibility; (c) procedures for encouraging and verifying attendance, minimum required attendance policies, and other relevant criteria relating to course completion and certification certification, and (collectively referred to as d) compensation of admissions representatives (collectively, the "Policy GuidelinesPOLICY GUIDELINES"). Sellers have delivered to Buyer true, correct and complete copies of all Policy Guidelines and all documents and other information disseminated to students or prospective students. Sellers' operations with respect to the Schools have been conducted in all material respects in accordance with the Policy GuidelinesGuidelines and all relevant standards imposed by applicable accrediting bodies, agencies administering state or federal governmental programs in which Sellers participate, and other applicable laws or regulations. Each of the Sellers has have submitted all reports, audits, and other information, whether periodic in nature or pursuant to specific requests ("Compliance Reports")requests, including, without limitation, all annual compliance audits and financial statements, for the Schools to all agencies or other entities with which such filings are required relating to its compliance with (i) applicable accreditation standards governing its activities or (ii) laws or regulations governing programs pursuant to which the Sellers or students attending the Schools receive funding, including, without limitation, the Perkxxx Xxxn Program, the Stafxxxx Xxxdent Loan Program, the Pell Grant Program and the Supplemental Educational Opportunity Grant Programs, or the Federal Direct Student Lending Program, all of which are provided for pursuant to Title IV of the HEAactivities. Complete and accurate records in all material respects for all present and past students attending each of the Schools have been maintained consistent with the operations of a school business. All forms and records with respect to the Schools have been prepared, completed, maintained and filed in all material respects in accordance with all applicable federal and state laws and regulations, and are true and correct in all material respectscorrect. All financial aid grants and loans, disbursements and record keeping relating to them thereto have been completed in compliance in all material respects with all federal and state requirements, and there are no material deficiencies in respect thereto. No The Schools have complied with the legal requirements that no student has been at the Schools be funded prior to the date for which such student was eligible for funding funding. The records of each student at the Schools conform in form and such student's records have been processed in substance to all material respects in accordance with all applicable federal, state and relevant third party funding source regulatory requirements. All appropriate reports and surveys have been accurately prepared, taken and filed prior to delinquency.

Appears in 1 contract

Samples: Asset Purchase Agreement (Corinthian Colleges Inc)

Recruitment; Admissions Procedures; Attendance; Reports. Attached as EXHIBIT 14(14Schedule 5.6 (a) to this Agreement are copies attached hereto is a complete list of all of the Sellers' policy manuals and --------------- other statements of procedures or instruction relating to recruitment of studentsstudents for the School, including (a) procedures for assisting in the application by prospective students for direct or indirect state or Federal federal financial assistance; (b) admissions procedures, including any descriptions of procedures for insuring compliance with state or Federal federal or other appropriate standards or tests of eligibility; and (c) procedures for encouraging and verifying attendance, minimum required attendance policies, and other relevant criteria relating to course completion and certification (collectively referred to as collectively, the "Policy GuidelinesPOLICY GUIDELINES"). Sellers' Schedule -------- 5.6(b) attached hereto sets forth a list of the Policy Guidelines in which Buyer ------ has an interest with respect to those students continuing in the School after the Closing (the "DISCLOSED GUIDELINES"). Seller has delivered to Buyer true, correct and complete copies of all Disclosed Guidelines and all documents and other information disseminated to students or prospective students. Seller's operations have been conducted with respect to the School have, in all material respects respects, been conducted in accordance with the Policy GuidelinesGuidelines and all relevant standards imposed by applicable accrediting bodies, agencies administering state or federal governmental programs in which Seller participates, and other applicable laws or regulations. Each of the Sellers Seller has submitted all reports, audits, and other information, whether periodic in nature or pursuant to specific requests requests, for the School ("Compliance ReportsCOMPLIANCE REPORTS"), ) to all agencies or other entities with which such filings are required relating to its compliance with (i) applicable accreditation standards governing its activities or and (ii) laws or regulations governing programs pursuant to which the Sellers Seller or its students attending the Schools receive funding, including, without limitation, the Perkxxx Xxxn Program, the Stafxxxx Xxxdent Loan Program, the Pell Grant Program . Seller does not have any articulation agreements with degree-granting colleges and the Supplemental Educational Opportunity Grant Programs, or the Federal Direct Student Lending Program, all of which are provided for pursuant to Title IV universities in effect as of the HEAdate of this Agreement. Complete and accurate records in all material respects for all present and past students attending each of the Schools School have been maintained consistent with the operations of a school business. All forms and records with respect to the School have been prepared, completed, maintained and filed in all material respects in accordance with all applicable federal and state laws and regulations, and are true and correct in all material respects. All financial aid grants and loans, disbursements and record keeping relating to them thereto have been completed in compliance in all material respects with all federal and state requirements, and there are no material deficiencies in respect thereto. No The School and Seller have complied in all material respects with the legal requirements that no student has been at the School be funded prior to the date for which such student was eligible for funding; provided, however, that Seller shall reimburse Buyer for and indemnify Buyer against any fines, penalties, expenses, costs and other losses Buyer may incur as a result of any pre-eligibility funding and such student's records have been processed in all material respects in accordance with all applicable federal, state and relevant third party funding source requirements. All appropriate reports and surveys have been accurately prepared, taken and filed prior to delinquencythe Closing Date. The records of each student at the School conform in form and substance to all relevant regulatory requirements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Corinthian Colleges Inc)

Recruitment; Admissions Procedures; Attendance; Reports. Attached as EXHIBIT 14(14) Schedule 2.10 to this Agreement the Disclosure Memorandum are copies of all of the Sellers' policy manuals and other statements of procedures or instruction relating to recruitment of each of the Schools' students, including procedures for assisting in the application by prospective students for direct or indirect state or Federal financial assistance; admissions procedures, including any descriptions of procedures for insuring compliance with state or Federal or other appropriate standards or tests of eligibility; procedures for encouraging and verifying attendance, minimum required attendance policies, and other relevant criteria relating to course completion and certification (collectively referred to as the "Policy Guidelines"). Sellers' Each School's operations have been conducted in all material respects in accordance with the Policy Guidelines. Each of the Sellers Management has submitted all reports, audits, and other information, whether periodic in nature or pursuant to specific requests ("Compliance Reports"), to all agencies or other entities with which such filings are required relating to its each School's compliance with (i) applicable accreditation standards governing its activities or (ii) laws or regulations governing programs pursuant to which the Sellers School or students attending the Schools School receive funding, including, without limitation, the Perkxxx Xxxn Program, the Stafxxxx Xxxdent Federal Family Education Loan ProgramPrograms, the Pell Grant Program and the Supplemental Educational Opportunity Grant ProgramsProgram, the Federal Direct Student Loan Program, or the Federal Direct Student Lending Work Study Program, all of which are provided for pursuant to Title IV of the HEA. Complete and accurate records in all material respects for all present and past students attending each of the Schools have been maintained consistent with the operations of a school business. All forms and records have been prepared, completed, maintained and filed in all material respects in accordance with all applicable federal and state laws and regulationsregulations applicable to the operations of Management, and are true and correct in all material respects. All financial aid grants and loans, disbursements and record keeping relating to them have been completed in compliance in all material respects with all federal and state requirements, and there are no material deficiencies in respect thereto. No student at the Schools has been funded prior to the date for which such student was eligible for funding and such student's records have been processed in all material respects in accordance with all applicable federal, state and relevant third party funding source requirements. All appropriate reports and surveys have been accurately prepared, taken and filed prior to delinquency.

Appears in 1 contract

Samples: Reorganization Agreement (Educational Medical Inc)

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Recruitment; Admissions Procedures; Attendance; Reports. Attached as EXHIBIT 14(14(1) to this Agreement Identified on Schedule 2.27(b)(1) are copies of all of the Sellers' policy manuals and other statements of procedures or instruction relating to recruitment of students, including procedures for assisting in the application by prospective students for direct or indirect state or Federal federal financial assistance; admissions procedures, including any descriptions of procedures for insuring ensuring compliance with state or Federal federal or other appropriate standards or tests of eligibility; procedures for encouraging and verifying attendance, minimum required attendance policies, and other relevant criteria relating to course completion and certification (collectively referred to as the "Policy GuidelinesPOLICY GUIDELINES"). Sellers' True and complete copies of the Policy Guidelines have been delivered to Buyer. The operations of Seller, the Company and the Schools have been conducted in all material respects in accordance with the Policy Guidelines. Each of Guidelines which comply with all applicable rules, regulations and requirements. (2) Seller, the Sellers has Company and the Schools have submitted all reports, audits, and other information, whether periodic in nature or pursuant to specific requests ("Compliance ReportsCOMPLIANCE REPORTS"), to all agencies or other entities with which such filings are required relating to its compliance with (i) applicable accreditation standards governing its activities or (ii) laws or regulations governing programs pursuant to which Seller, the Sellers Company or students attending the Schools receive funding, including, without limitation, the Perkxxx Xxxn Program, the Stafxxxx Xxxdent Loan Program, the Pell Grant Program and the Supplemental Educational Opportunity Grant Programs, or the Federal Direct Student Lending Program, all of which are provided for pursuant to Title IV of the HEA. . (3) Complete and accurate books and records in all material respects for all present and past students attending each of the Schools have been maintained consistent with the operations of a school business. All forms and records have been prepared, completed, maintained and filed in all material respects in accordance with all applicable federal and state laws and regulations, and are true and correct in all material respects. All financial aid grants and loans, disbursements and record keeping relating to them have been completed in compliance in all material respects with all federal and state requirements, and there are no material deficiencies in respect thereto. No student has been funded prior to the date for which such student was eligible for funding and such student's records have been processed in all material respects in accordance with all applicable federal, state and relevant third party funding source requirements. All appropriate reports and surveys have been accurately prepared, taken and filed prior to delinquency.

Appears in 1 contract

Samples: Stock Purchase Agreement (Scope Industries)

Recruitment; Admissions Procedures; Attendance; Reports. Attached as EXHIBIT 14(14SCHEDULE 5.6 (a) to this Agreement are copies attached hereto is a complete list of all of the Sellers' policy manuals and -------- other statements of procedures or instruction relating to recruitment of studentsstudents for each Tier I School, including (a) procedures for assisting in the application by prospective students for direct or indirect state or Federal federal student financial assistance; (b) admissions procedures, including any descriptions of procedures for insuring compliance with federal, state or Federal or other appropriate standards or tests of eligibilityaccrediting agency requirements applicable to such procedures; and (c) procedures for encouraging and verifying attendance, minimum required attendance policies, and other relevant criteria relating to course completion and certification (collectively referred to as collectively, the "Policy Guidelines"). Sellers have delivered or made available to Buyer true, correct and complete copies of all Policy Guidelines and all documents and other information disseminated to students or prospective students concerning such Policy Guidelines. Except as set forth in SCHEDULE -------- 5.6(b), Sellers' operations have been conducted with respect to each Tier I School have, in all material respects respects, been conducted in accordance with the Policy Guidelines. Each of the Sellers has have submitted all reports, audits, and other information, whether periodic in nature or pursuant to specific requests requests, for each Tier I School ("Compliance Reports"), ) to all agencies or other entities Regulatory Agencies with which such filings are required relating to its compliance with (i) applicable accreditation standards governing its activities or activities, and (ii) laws or regulations governing programs pursuant to which the Sellers or their students attending the Schools receive funding, including, without limitation, the Perkxxx Xxxn Program, the Stafxxxx Xxxdent Loan Program, the Pell Grant Program and the Supplemental Educational Opportunity Grant Programs, or the Federal Direct Student Lending Program, all of which are provided for pursuant to Title IV of the HEAstudent financial assistance. Complete and accurate records in all material respects for all present and past former students attending each of the Schools Tier I School have been maintained consistent with the operations of a school each Tier I School's business. All forms forms, records, reports and records returns with respect to each Tier I School have been prepared, completed, maintained and filed in all material respects in accordance with all applicable federal and state laws and regulationsregulations and requirements of any Regulatory Agency, and are true and correct in all material respects. All financial aid grants and loans, disbursements and record keeping relating to them have been completed in compliance in all material respects with all federal and state requirements, and there are no material deficiencies in respect thereto. No student has been funded prior to the date for which such student was eligible for funding and such student's records have been processed in all material respects in accordance with all applicable federal, state and relevant third party funding source requirements. All appropriate reports and surveys have been accurately prepared, taken and filed prior to delinquency.

Appears in 1 contract

Samples: Acquisition Agreement (Corinthian Colleges Inc)

Recruitment; Admissions Procedures; Attendance; Reports. Attached as EXHIBIT 14(14) to this Agreement are copies Schedule 5.6 attached hereto is a complete list of all of the Sellers' policy manuals and other ------------ statements of procedures or instruction relating to recruitment of studentsstudents for the School, including (a) procedures for assisting in the application by prospective students for direct or indirect state or Federal federal financial assistance; (b) admissions procedures, including any descriptions of procedures for insuring compliance with state or Federal federal or other appropriate standards or tests of eligibility; and (c) procedures for encouraging and verifying attendance, minimum required attendance policies, and other relevant criteria relating to course completion and certification (collectively referred to as collectively, the "Policy Guidelines"). Sellers' Seller has delivered to Buyer true, correct and complete copies of all Policy Guidelines. To the best of Seller's knowledge, Seller's operations have been conducted with respect to the School have, in all material respects respects, been conducted in accordance with the Policy GuidelinesGuidelines and all relevant standards imposed by applicable accrediting bodies, agencies administering state or federal governmental programs in which Seller participates, and other applicable laws or regulations. Each of the Sellers Seller has submitted all reports, audits, and other information, whether periodic in nature or pursuant to specific requests requests, for the School ("Compliance Reports"), ) to all agencies or other entities with which such filings are required relating to its compliance with (i) applicable accreditation standards governing its activities or (ii) laws or regulations governing programs pursuant to which the Sellers Seller or its students attending the Schools receive funding, including, without limitation, the Perkxxx Xxxn Program, the Stafxxxx Xxxdent Loan Program, the Pell Grant Program and the Supplemental Educational Opportunity Grant Programs, or the Federal Direct Student Lending Program, (iii) all of which are provided for pursuant to Title IV articulation agreements with degree-granting colleges and universities in effect as of the HEAdate of this Agreement. Complete and accurate records in all material respects for all present and past students attending each of the Schools School have been maintained consistent with the operations of a school business. All forms and records with respect to the School have been prepared, completed, maintained and filed in all material respects in accordance with all applicable federal and state laws and regulations, and are true and correct in all material respects. All financial aid grants and loans, disbursements and record keeping relating to them thereto have been completed in compliance in all material respects with all federal and state requirements, and there are no material deficiencies in respect thereto. No student at the School has been funded prior to the date for which such student was eligible for funding funding, and such student's records have been processed conform in form and substance to all material respects in accordance with all applicable federal, state and relevant third party funding source regulatory requirements. All appropriate reports and surveys have been accurately prepared, taken and filed prior to delinquency.

Appears in 1 contract

Samples: Asset Purchase Agreement (Corinthian Colleges Inc)

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