TRACEABILITY OF FINANCIAL FLOWS Sample Clauses

TRACEABILITY OF FINANCIAL FLOWS. Pursuant to art. 3 of Law no. 136 of August 13, 2010, when the Supplier is a subcontractor of the companies involved in public works, services and supplies, he shall undertake the financial flows traceability obligations provided for by the above-mentioned law, under penalty of Order termination, and namely: a) the obligation to use a current account dedicated, not exclusively, to public procurement contracts, and thus to the Order, opened at banks, with notification to the body concerned and to Company of the account data provided for by the law; b) the obligation to carry out all the financial transactions related to public procurement contracts, and thus to the Order, by bank or post transfer or by other payment instruments ensuring that the operations are fully traceable; c) the obligation to specify in the above-mentioned payment instrument the call for tender identification code; The Supplier, in his capacity as a subcontractor of Company with reference to a public procurement contract, undertakes to include in the contracts with his subcontractors, related to any public procurement, the clause mentioned in paragraph 1 and to forward a copy of the contracts in question to the body concerned.

TRACEABILITY OF FINANCIAL FLOWS. 13.1 Borsa Italiana and the Client assume all obligations regarding the traceability of the financial flows provided by Law 136/2010, as subsequently amended and implemented (the “Traceability Obligations”). 13.2 In relation to the payments to be made pursuant to the present Contract, the Client, if it is a public contractor pursuant to decree law no. 50/2016 (Code of public contracts), to ensure the enforcement of Law 136/2010 and subsequent amendments, undertakes to communicate to Borsa Italiana, by the form attached to these Agreement under Annex 2 (Traceability Obligations), the identification bidding code (CIG) and, in case, the unique code of project (CUP). 13.3 In particular, in fulfilling the Traceability Obligations, Borsa Italiana will communicate to the Client: (i) the bank accounts details to be used, also non exclusively, for the payments to be made by the Client pursuant to the present Agreement; (ii) the personal details and the fiscal code of the persons delegated to operate on them, indicating the relevant role and powers, within 7 (seven) days from the creation of the accounts above (or, in case of existing accounts, within 7 (seven) days from their first use in relation to the payments made by the Client). 13.4 It being understood that, save for possible derogations and partial exemptions to Law 136/2010, failure to use instruments suitable to permit the full traceability of the financial flows (for instance, bank or post transfer) and the failure to comply with any other Traceability Obligations, are ground to terminate the present Agreement. 13.5 Borsa Italiana undertakes, in particular, to inform the Client and the Prefecture (territorial office of the Government of the province where the Client has its registered office) if it becomes aware of breaches by its contractual counterparties, if any, in relation to the Traceability Obligations.

TRACEABILITY OF FINANCIAL FLOWS. In the event that the Customer is awarded a public sector contract which Customer will fulfill through this Agreement, following article 3 of law No. 136/2010 and following amendments, the parties agree on assuming all the obligations set forth in this article in relation to the traceability of financial flows. Should the parties not to be in compliance with these obligations, this Agreement shall be considered as null and void. The parties agree to communicate to the public sector customer and to the relevant territorial Prefect’s office, possible infringements of the above mentioned obligations.

TRACEABILITY OF FINANCIAL FLOWS. (a) If a public tender is awarded to one of the Parties (“aggiudicazione di procedura ad evidenza pubblica”), pursuant to Article 3 of Italian Law 136/2010 as amended from time to time, the Parties assume all the obligations of financial flows’ traceability, otherwise this agreement will be considered as null and void. (b) The Parties also undertake to notice the contracting authority and the competent “prefettura- ufficio territoriale” about any non-fulfilment of the obligations mentioned under letter (a) above. Date

TRACEABILITY OF FINANCIAL FLOWS. In the event that the Supplier Italy is awarded a public sector contract which Supplier Italy will fulfill through this Agreement, following article 3 of law No. 136/2010 and following amendments, the parties agree on assuming all the obligations set forth in this article in relation to the traceability of financial flows. Should the parties not to be in compliance with these obligations, this Agreement shall be considered as null and void. The parties agree to communicate to the public sector Supplier Italy and to the relevant territorial Prefect’s office, possible infringements of the above-mentioned obligations.

TRACEABILITY OF FINANCIAL FLOWS. The Parties ensure the traceability of financial flows in order to prevent criminal infiltration, in accordance with the provisions of Article 3 of Law No. 136 of August 13, 2010 (Traceability of Financial Flows), as well as the applicable circulars.

TRACEABILITY OF FINANCIAL FLOWS. (a) If a public tender is awarded to one of the Parties (“aggiudicazione di procedura ad evidenza pubblica”), pursuant to Article 3 of Italian Law 136/2010 as amended from time to time, the Parties assume all the obligations of financial flows’ traceability, otherwise this agreement will be considered as null and void. (b) The Parties also undertake to notice the contracting authority and the competent “prefettura- ufficio territoriale” about any non-fulfilment of the obligations mentioned under letter (a) above. Date Signature In accordance to the provisions set forth in artt. 1341 and 1342 of the Italian Civil Code, Customer hereby expressly acknowledges and accepts the following clauses:

TRACEABILITY OF FINANCIAL FLOWS. 5.1. By entering into this Contract, the Contractor assumes, under penalty of the absolute nullity of this Contract, the obligations of traceability of financial flows set forth in Article 3 of Law No. 136/2010. The Contract shall be terminated by right in the event transactions are executed in breach of the provisions of Law No. 136/2010. 5.2. The Contractor, under its own exclusive responsibility, shall promptly notify Cremona ASST of any variations that may occur with regard to the above-mentioned crediting methods. In the absence of such communication, even if the variations are published in the manner required by law, the Contractor shall not be entitled to raise exceptions with regard to any delays in payment, nor with regard to payments already made.

TRACEABILITY OF FINANCIAL FLOWS. The Company assumes the obligations pertaining to the traceability of financial flows pursuant to Article 3 of Law No. 136 of 13 August 2010, as amended. In the event of non-compliance, the insurance contract and all sub-contracts derived therefrom shall be deemed terminated by right pursuant to Article 1456 of the Italian Civil Code and the sanctions provided for in Article 6 of the aforementioned law shall be applied. PAYMENTS The Company assumes the obligations set forth in Article 3 of Law No. 136 of 13/08/2010, as amended and supplemented, both in its direct relations with the Policyholder and with its collaborators, including the insurance broker, if any, concerning the traceability of financial flows. The payment of the consideration for this tender shall be made, as declared by the Company, by bank/postal transfer or other payment instrument suitable to allow full traceability of the transactions to the following dedicated current account in the name of Europ Assistance Italia S.p.A. Banca - UniCredit – IBAN XX00X0000000000000000000000. As stated by the Company, the person delegated to operate the aforementioned current account is understood to be: XXXXX XXXXXXXXXXX born in BUSTO ARSIZIO (VA) on 25.06.1976 - Tax Code: XXXXXX00X00X000X. The Company, in compliance with the provisions of Article 3 of Law No. 136 of 13 August 2010 as amended, undertakes to use the aforesaid dedicated current account. Payments will be made exclusively by bank/postal transfer or other payment instrument suitable to allow full traceability of the transactions, which must report, in relation to each transaction, the tender identification code(CIG) and/or the unique project code (CUP) assigned by the Public Administration

TRACEABILITY OF FINANCIAL FLOWS. ‌ 23.1 Traceability of financial flows. In the event that the Customer is awarded a public sector contract which Customer will fulfill through this Agreement, following article 3 of law No. 136/2010 and following amendments, the parties agree on assuming all the obligations set forth in this article in relation to the traceability of financial flows. Should the parties not to be in compliance with these obligations, this Agreement shall be considered as null and void. 23.2 The parties agree to communicate to the public sector customer and to the relevant territorial Prefect’s office, possible infringements of the above- mentioned obligations.