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Cadwalader, Wickersham & Taft LLP AttorneyClient Work Product For Discussion Purposes Only Draft October 11, 2012, International Swaps and Derivatives Association, Inc. ADDENDUM I 1 TO ISDA AUGUST
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How to fill out section 3 eligible contract:

01
Begin by reviewing the eligibility requirements stated in section 3 of the contract. This section typically outlines the criteria that must be met for a contract to be considered eligible.
02
Gather all the necessary information and documentation related to the contract. This may include details about the parties involved, the terms and conditions, and any applicable legal or regulatory requirements.
03
Carefully read through the contract and ensure that you understand all the clauses and provisions. If there are any terms that are unclear or confusing, seek clarification from the other party or consult with a legal professional.
04
As you fill out the contract, provide accurate and complete information. Double-check all the details, such as names, dates, and amounts, to avoid any errors or discrepancies.
05
Follow any specific instructions or guidelines provided within section 3 or elsewhere in the contract. This may involve attaching additional documents, obtaining signatures from certain individuals, or fulfilling specific conditions.
06
Once you have filled out the entire section 3 eligible contract, review it one final time for accuracy and completeness. Make any necessary corrections or additions before proceeding.
07
Submit the filled-out contract to the appropriate recipient or party as specified in the instructions. Keep a copy of the contract for your records.

Who needs section 3 eligible contract:

01
Contractors: Contractors who are providing services or goods under a specific contract may need to fill out a section 3 eligible contract. This requirement may be mandated by federal, state, or local regulations aimed at promoting employment and business opportunities for low-income individuals.
02
Entities receiving federal funds: Organizations or entities that receive federal funds for housing, community development, or other initiatives may need to ensure compliance with section 3 requirements. This helps to ensure that the benefits of these funds are extended to low-income individuals and businesses in the community.
03
Government agencies: Government agencies responsible for awarding contracts or funding projects often require section 3 eligible contracts from their contractors. This helps to fulfill their duty of providing economic opportunities to low-income individuals and businesses as mandated by federal laws and regulations.
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Section 3 eligible contract refers to a contract that meets the eligibility criteria set forth in Section 3 of the Housing and Urban Development Act of 1968.
Contractors who are working on projects that are funded by the Department of Housing and Urban Development (HUD) and meet the requirements of Section 3 are required to file section 3 eligible contracts.
Section 3 eligible contracts should be filled out with all the necessary information regarding the project and the contractor's compliance with Section 3 requirements.
The purpose of section 3 eligible contract is to ensure that low-income individuals and businesses in the community where a HUD-funded project is taking place are given opportunities for employment and training.
Information such as the number of new hires from the local community, training opportunities provided, and efforts to subcontract with Section 3 businesses must be reported on section 3 eligible contracts.
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