Common use of Vendor Responsibility Clause in Contracts

Vendor Responsibility. Pursuant to State Finance Law Section 163 (9)(f) and N.Y. Comp. Codes R. & Regs. Tit. 9 § 8.192 and N.Y. Comp. Codes R. & Regs. Tit. 9 § 9.6, the Corporation must determine the entity with which they contract to be a responsible entity. Subrecipient must be found to be responsible at the time of award and must remain responsible throughout the Term and any Extended Terms of the Agreement. If requested by the Corporation, Subrecipient agrees to present evidence of its status as a responsible entity. In the event of failure to produce requested documents or failure of the Corporation’s responsibility review to produce a positive finding of responsibility, the Corporation reserves the right to suspend work under this Agreement. The Corporation is authorized to terminate this Agreement for cause upon a determination that the Subrecipient is non-responsible.

Appears in 5 contracts

Samples: Subrecipient Agreement, Community Development Block Grant Agreement, Subrecipient Agreement

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