Common use of Terms of Qualification Clause in Contracts

Terms of Qualification. A. Upon successful completion of the qualification requirements, the club will receive qualified status for a period of one year. B. By entering into this agreement and receiving Rotary Foundation grant funds, the club understands and confirms that the club, as an entity, is responsible for the use of grant funds, regardless of which individual(s) or group controlled the funds. C. The club must disclose any potential conflicts of interest and must comply with the Conflict of Interest Policy for Grant Participants as outlined in section 7.030. of the Rotary Foundation Code of Policies. D. The club must cooperate with all district and TRF audits. E. The club must provide evidence that IRS Form 990 has been completed. F. The Club, if INCORPORATED IN THE STATE OF COLORADO, must show evidence it is in good standing with the Colorado Secretary of State.