The ALS Association Not Sponsor Sample Clauses

The ALS Association Not Sponsor. If Grantee is conducting FDA-regulated research under the Research Scope of Work, the parties acknowledge and agree that The ALS Association does not constitute a Sponsor (as defined below) of the Research under the Research Scope of Work, and that the ALS Association’s right to receive information relating to the Research conducted under the Research Scope of Work and the expenditure of the Grant as specified under this Agreement is solely for the purposes of determining whether Grantee is abiding by the terms of this Agreement, to ensure that the activities under this Agreement are consistent with The ALS Association’s tax-exempt purposes, and to support the ALS Association’s mission; such right is not for the purpose of exercising any control over the Research. For Research hereunder that is regulated by the FDA, the term “Sponsor” has the meaning set forth in the FDA regulations.
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  • Sub-Advisor Compliance Policies and Procedures The Sub-Advisor shall promptly provide the Trust CCO with copies of: (i) the Sub-Advisor’s policies and procedures for compliance by the Sub-Advisor with the Federal Securities Laws (together, the “Sub-Advisor Compliance Procedures”), and (ii) any material changes to the Sub-Advisor Compliance Procedures. The Sub-Advisor shall cooperate fully with the Trust CCO so as to facilitate the Trust CCO’s performance of the Trust CCO’s responsibilities under Rule 38a-1 to review, evaluate and report to the Trust’s Board of Trustees on the operation of the Sub-Advisor Compliance Procedures, and shall promptly report to the Trust CCO any Material Compliance Matter arising under the Sub-Advisor Compliance Procedures involving the Sub-Advisor Assets. The Sub-Advisor shall provide to the Trust CCO: (i) quarterly reports confirming the Sub-Advisor’s compliance with the Sub-Advisor Compliance Procedures in managing the Sub-Advisor Assets, and (ii) certifications that there were no Material Compliance Matters involving the Sub-Advisor that arose under the Sub-Advisor Compliance Procedures that affected the Sub-Advisor Assets. At least annually, the Sub-Advisor shall provide a certification to the Trust CCO to the effect that the Sub-Advisor has in place and has implemented policies and procedures that are reasonably designed to ensure compliance by the Sub-Advisor with the Federal Securities Laws.

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  • Opinion of Tax Counsel for Company and the Operating Partnership The Sales Agent shall have received the favorable opinion of Xxxxxx & Xxxxxxx LLP, tax counsel for the Company and the Operating Partnership, required to be delivered pursuant to Section 7(q) on or before the date on which such delivery of such opinion is required pursuant to Section 7(q).

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