SUSPENSION OF CERTIFICATION Sample Clauses

SUSPENSION OF CERTIFICATION. CVI is authorised to suspend the certification for the period not exceeding 6 months in case that the certified system has persistently or seriously failed to meet certification requirements, including requirements for the effectiveness of the management system or compliance with regulation, or in case when the Client does not submit acceptable corrective actions for identified nonconformities in time, or if the Client does not allow surveillance or recertification audit to be conducted at the required frequencies, or if the Client has requested a suspension, or in case the obligations of this agreement including financial obligations are not kept to by the client. Suspension will be announced to the client in writing, and becomes valid 7 days after it is communicated to the client, except if the client appeals, according to the clause 7.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
SUSPENSION OF CERTIFICATION. The suspension of certification means temporary revocation and the validity of certification may be suspended by CO provided that: - Significant nonconformities are identified in SM (during surveillance and extraordinary audits) - The certified company repeatedly fails to respond to invitation to approve dates of surveillance audits The suspension of certification is a temporary measure not to exceed 3 months. If no corrective actions are taken before the expiry of the said 3-month term, the certification will be revoked. The certified company will be notified of the suspension of certification in writing and it becomes effective 30 days of notice. If the certification is suspended, the certified company may not refer to certification in external communications during the period of suspension (e.g. contract negotiations, publications, or advertising). The fact that a certification was suspended will be published on the CO website.
Sample 1Sample 2
SUSPENSION OF CERTIFICATION. (After its issue) If the Client is not complying with the following conditions, JUHHT may suspend Client’s registration/ certification - Client did not accept on-going surveillance visit within the time agreed. JUHHT determines that the Client does not comply with the requirements of the audit standard. Client lost its confidence as a result of claims raised by interested party and social conflict. Client has not taken appropriate corrective action within the agreed time period, as per agreed corrective action plan. Client failed to timely correct the infringements, caused by misuse of certification xxxx, within one (1) month. Client didn’t fulfill its financial obligations towards JUHHT. JUHHT determines that the Client didn’t comply with its obligations based on this Audit & Certification Audit Contract. It is proved that the information and/or material provided by Client during assessment was incorrect.
Sample 1
SUSPENSION OF CERTIFICATION. 1. If the standard owner or the scheme owner or Certima has specified (types of) non conformities, procedures for handling corrective actions, sanctions and obligations for the certified company, Certima is authorised to verify whether these corrective measures have been taken and are effective. The costs to be made in this respect are at the expense of the certified company.
Sample 1
SUSPENSION OF CERTIFICATION. 1. PhilHealth shall suspend certification of the HCI, upon written notice, and effective as of the date specified in such notice. Causes of Software Certification suspension shall be any of the following:
Sample 1
SUSPENSION OF CERTIFICATION. 5.1 We may suspend your certification at any time if we believe, acting reasonably, that you have materially failed to comply with the Foundation Standard.
Sample 1
SUSPENSION OF CERTIFICATION. If the annual surveillance audit (remote or on-site) is not completed within 12 months of the previous audit, 30-day notice will be given that the audit is now Overdue. If this Overdue audit is not completed within the 30 days, ISO Experts will Suspend the client’s certification. The Client must immediately cease and desist from all use and/or display in any manner whatsoever of all logos, marks, signs, brochures, marketing materials and other materials (whether in tangible or intangible form or electronic or otherwise) indicating that they are certified to ISO 20252. AMSRO will be notified of the suspension. If Major Non-conformances are not closed out within the 60-day period, a 30-day notice will be given that certification will be suspended if the Major Non-conformances by the end of the 30-day notice.
Sample 1
AutoNDA by SimpleDocs

Related to SUSPENSION OF CERTIFICATION

  • Notification of Certain Matters Prior to the Effective Time, the Company shall provide prompt notice to Parent and Merger Sub, and Parent and Merger Sub shall provide prompt notice to the Company, of (a)(i) any notice or other communication from any Person alleging that the Consent of such Person is or may be required in connection with the Transactions; (ii) any notice or other communication from any Governmental Authority in connection with the Transactions; (iii) any Actions commenced or, to its Knowledge, threatened against, relating to or involving or otherwise affecting the Company or Parent and Merger Sub, as the case may be, that, if pending on the date of this Agreement, would have been required to have been disclosed pursuant to any Section of this Agreement or that relate to the consummation of the Transactions; or (b) any material failure of Parent and Merger Sub or the Company, as the case may be, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it under this Agreement; provided, however, that the delivery of any notice pursuant to this Section 5.5 shall not (i) cure any breach of, or non-compliance with, any other provision of this Agreement; or (ii) limit the remedies available to the party receiving such notice; provided, further, that a party’s good faith failure to comply with this Section 5.5 shall not provide any other party the right not to effect the Transactions, except to the extent that any other provision of this Agreement independently provides such right.

  • Notice of Certain Events If the Company proposes at any time to:

  • 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.

  • Absence of Certain Changes Since the date of the Company’s most recent audited financial statements contained in a Form 10-K, there has been no material adverse change and no material adverse development in the business, assets, liabilities, properties, operations (including results thereof), condition (financial or otherwise) or prospects of the Company or any of its Subsidiaries. Since the date of the Company’s most recent audited financial statements contained in a Form 10-K, neither the Company nor any of its Subsidiaries has (i) declared or paid any dividends, (ii) sold any assets, individually or in the aggregate, outside of the ordinary course of business or (iii) made any capital expenditures, individually or in the aggregate, outside of the ordinary course of business. Neither the Company nor any of its Subsidiaries has taken any steps to seek protection pursuant to any law or statute relating to bankruptcy, insolvency, reorganization, receivership, liquidation or winding up, nor does the Company or any Subsidiary have any knowledge or reason to believe that any of their respective creditors intend to initiate involuntary bankruptcy proceedings or any actual knowledge of any fact which would reasonably lead a creditor to do so. The Company and its Subsidiaries, individually and on a consolidated basis, are not as of the date hereof, and after giving effect to the transactions contemplated hereby to occur at the Closing, will not be Insolvent (as defined below). For purposes of this Section 3(l), “Insolvent” means, (i) with respect to the Company and its Subsidiaries, on a consolidated basis, (A) the present fair saleable value of the Company’s and its Subsidiaries’ assets is less than the amount required to pay the Company’s and its Subsidiaries’ total Indebtedness (as defined below), (B) the Company and its Subsidiaries are unable to pay their debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured or (C) the Company and its Subsidiaries intend to incur or believe that they will incur debts that would be beyond their ability to pay as such debts mature; and (ii) with respect to the Company and each Subsidiary, individually, (A) the present fair saleable value of the Company’s or such Subsidiary’s (as the case may be) assets is less than the amount required to pay its respective total Indebtedness, (B) the Company or such Subsidiary (as the case may be) is unable to pay its respective debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured or (C) the Company or such Subsidiary (as the case may be) intends to incur or believes that it will incur debts that would be beyond its respective ability to pay as such debts mature. Neither the Company nor any of its Subsidiaries has engaged in any business or in any transaction, and is not about to engage in any business or in any transaction, for which the Company’s or such Subsidiary’s remaining assets constitute unreasonably small capital with which to conduct the business in which it is engaged as such business is now conducted and is proposed to be conducted.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!