Debarment and Suspension Policy

Debarment and Suspension Policy. To protect the public trust and interest imposed upon the MDA, if it appears that the Company and/or its agent’s conduct, as determined by MDA, creates a reasonable belief that a particular act or omission that is covered by this policy has occurred, the MDA shall implement such discretionary actions known as debarment and suspension. At the time the Company files an application fora loan, they must maintain that there is no action, suit proceeding or investigation at law or in equity before or by any court or governmental agency or body pending or, to the best knowledge of the Company, after reasonable investigation and due inquiry, threatened against the Company in any way contesting or affecting the validity of this Agreement or contesting the powers of the Company to adopt, enter into or perform its obligations under this Agreement or materially and adversely affecting the properties or condition (financial or otherwise) or existence or powers of the Company.