Independent Verification Agent Sample Clauses

The Independent Verification Agent clause designates a neutral third party responsible for verifying certain facts, data, or performance metrics under the agreement. This agent may be tasked with confirming whether contractual milestones have been met, validating the accuracy of reported figures, or assessing compliance with specific obligations. By involving an independent party, the clause helps ensure objectivity and trust in the verification process, reducing the risk of disputes between the contracting parties over factual matters.
Independent Verification Agent. The Implementing Entity shall: 1. maintain, at all times during the implementation of the Program, one or more Independent Verification Agent(s) under terms of reference acceptable to the Bank, to verify the data and other evidence supporting the achievement of one or more DLRs as set forth in the table in Schedule 4 to this Agreement and recommend corresponding payments to be made, as applicable; and 2. (i) ensure that the Independent Verification Agent(s) carries out verification and process(es) in accordance with the Verification Protocol; and (ii) submits to the Bank the corresponding verification reports in a timely manner and in form and substance satisfactory to the Bank, prior to submission of any withdrawal application under Categories (1) to (8) of the table in Section IV.A.2 of Schedule 2 to the Loan Agreement.
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Independent Verification Agent. 1. The Recipient shall appoint, within six (6) months from the Effective Date, and thereafter maintain, throughout the period of implementation of the Program, the Independent Verification Agent in accordance with the terms of the MoU between the MoHP and the Independent Verification Agent. 2. The Recipient shall furnish to the Independent Verification Agent and the Association any information and/or documentation that the Independent Verification Agent and/or the Association shall reasonably require for the monitoring, audit, analysis and/or verification of the achievement/fulfillment of the DLRs set out in Schedule 4 to this Agreement.
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Independent Verification Agent. 1. The Recipient shall: (a) appoint and thereafter maintain at all time during the implementation of the Program, an independent verification agent with experience and qualifications and under terms of reference acceptable to the Association (the “Independent Verification Agent”), to: (i) verify the data and other evidence supporting the achievement of the DLIs/DLRs, as set forth in the table in Schedule 4 to this Agreement; and (ii) recommend corresponding disbursements to be made, as applicable, pursuant to such Schedule 4 and Section IV herein below; and (b) (i) ensure that the Independent Verification Agent carries out the DLIs/DLRs’ verification process(es) in accordance with the Verification Protocol; and (ii) submits to the Association the corresponding verification reports in a timely manner (at least once a year), and in form and substance satisfactory to the Association.
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Independent Verification Agent. The Program Implementing Entity shall: (a) maintain, at all times during the implementation of the Program, an independent verification agent under terms of reference and with qualifications acceptable to the Bank (“Independent Verification Agent”), to verify the evidence supporting the achievement of one or more DLRs and certify the fulfillment of such DLRs as set forth in Schedule 3 to the Loan Agreement; and (b) ensure that the Independent Verification Agent carries out verification processes in accordance with the Verification Protocol and furnish to the Bank the corresponding verification reports in form and substance satisfactory to the Bank prior to submission of any withdrawal application under Section IV.A.2 of Schedule 2 to the Loan Agreement.
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Independent Verification Agent. The Borrower shall: (a) maintain, at all times during the implementation of the Program, an independent verification agent under terms of reference acceptable to the Bank (“Independent Verification Agent”), to verify the data and other evidence supporting the achievement of one or more selected DLR/s corresponding to the relevant DLI/s #7 and #8 as set forth in the table in Schedule 3 to this Agreement and recommend corresponding payments to be made, as applicable; (i) ensure that the Independent Verification Agent carries out verification and process(es) in accordance with the verification protocol as described in the Program Operations Manual; and (ii) submits to the Bank the corresponding verification reports in a timely manner and in form and substance satisfactory to the Bank.
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Independent Verification Agent. 1. The Borrower shall: (a) appoint by not later than six (6) months after the Effective Date, and thereafter maintain at all time during the implementation of the Program, an independent verification agent with experience and qualifications and under terms of reference acceptable to the Bank (the “Independent Verification Agent”) to: (i) carry out the verification of the achievement of the DLIs/DLRs, as set forth in the table in Section IV A.2 of this Schedule; and (ii) recommend corresponding disbursements to be made, as applicable, pursuant to such Section; and (i) ensure that the Independent Verification Agent carries out the DLIs/DLRs’ verification process(es) in accordance with the Verification Protocols; and (ii) submit to the Bank the corresponding verification reports in a timely manner and in form and substance satisfactory to the Bank.
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Independent Verification Agent. 1. The Recipient shall: (a) appoint by not later than one (1) months after the Effective Date, and thereafter maintain at all time during the implementation of the Program, an independent verification agent with experience and qualifications and under terms of reference acceptable to the Association (the “Independent Verification Agent”), to: (i) verify the data and other evidence supporting the achievement of the DLIs/DLRs, as set forth in the table in Schedule 3 to this Agreement; and (ii) recommend corresponding disbursements to be made, as applicable, pursuant to such Schedule 3 and Section IV hereinbelow; and (i) ensure that the Independent Verification Agent carries out the DLIs/DLRs’ verification process(es) in accordance with the Verification Protocol; and (ii) submits to the Association the corresponding verification reports in a timely manner (at least once a year), and in form and substance satisfactory to the Association.
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Independent Verification Agent. The Recipient, through MESTI, shall hire a credible verification agent, with qualifications and under terms of reference acceptable to the Bank, to assist in the verification of achievement of the PBC, as set forth in Section III.B.1 (b) of this Schedule 2.
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Related to Independent Verification Agent

  • APPOINTMENT OF THE CALCULATION AGENT The Calculation Agent is appointed, and the Calculation Agent agrees to act, as Calculation Agent in respect of each Series of Notes described in the Schedule (the Relevant Notes) for the purposes set out in clause 2 and on the terms of this Agreement. The agreement of the parties that this Agreement is to apply to each Series of Relevant Notes shall be evidenced by the manuscript annotation and signature in counterpart of the Schedule.

  • Servicer Representative The Servicer will designate one or more representatives who will be available to assist the Asset Representations Reviewer in performing the Review, including responding to requests and answering questions from the Asset Representations Reviewer about access to Review Materials on the Servicer’s originations, receivables or other systems, obtaining missing or insufficient Review Materials and/or providing clarification of any Review Materials or Tests.

  • Independent Monitors 8.1 The BUYER has appointed Independent Monitors (hereinafter referred to as Monitors) for this Pact in consultation with the Central Vigilance to as Monitors) for this Pact in consultation with the Central Vigilance Commission (Names and Addresses of the Monitors to be given). 8.2 The task of the Monitors shall be to review independently and objectively, whether and to what extent the parties comply with the obligations under this Pact. 8.3 The Monitors shall not be subject to instructions by the representatives of the parties and perform their functions neutrally and independently. 8.4 Both the parties accept that the Monitors have the right to access all the documents relating to the project/procurement, including minutes of meetings. 8.5 As soon as the Monitor notices, or has reason to believe, a violation of this Pact, he will so inform the Authority designated by the BUYER. 8.6 The BIDDER(s) accepts that the Monitor has the right to access without restriction to all Project documentation of the BUYER including that provided by the BIDDER. The BIDDER will also grant the Monitor, upon his request and demonstration of a valid interest, unrestricted and unconditional access to his project documentation. The same is applicable to Subcontractors. The Monitor shall be under contractual obligation to treat the information and documents of the BIDDER/Subcontractor(s) with confidentiality. 8.7 The BUYER will provide to the Monitor sufficient information about all meetings among the parties related to the Project provided such meetings could have an impact on the contractual relations between the parties. The parties will offer to the Monitor the option to participate in such meetings. 8.8 The Monitor will submit a written report to the designated Authority of BUYER/Secretary in the Department/ within 8 to 10 weeks from the date of reference or intimation to him by the BUYER / BIDDER and, should the occasion arise, submit proposals for correcting problematic situations.

  • Independent Manager Notwithstanding anything to the contrary in the certificate of formation or limited liability company agreement of the Depositor, the Depositor shall ensure that at least one manager of the Depositor shall be an Independent Manager.

  • Contractor Representative Contractor designates *** as the Contractor Representative. Notification of a change in Contractor Representative shall be provided in advance, in writing, to Owner. The Contractor Representative is a Key Person.