Verification Procedure Clause Samples
The Verification Procedure clause outlines the process by which one party confirms that goods, services, or deliverables meet the agreed-upon specifications or standards. Typically, this involves steps such as inspection, testing, or review within a specified timeframe after delivery. For example, a buyer may have a set number of days to examine products and notify the seller of any defects or non-conformities. The core function of this clause is to ensure that both parties have a clear, agreed-upon method for verifying compliance, thereby reducing disputes and ensuring quality control.
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Verification Procedure. 5.1 In the event that:
(a) a Payment Notice requests payment to a payee or bank account which is not expressly provided for by this Escrow Agreement;
(b) a Schedule 1 Amendment Notice requests a change in Call Back Contact or its details or any bank account details listed in Schedule 1 of this Escrow Agreement; or
(c) Law and Regulation or the Escrow Agent's internal protocol so requires, the Escrow Agent shall carry out the Verification Procedure.
5.2 If the Escrow Agent is required to carry out the Verification Procedure pursuant to Clause 0 above, the Escrow Agent shall telephone a Call Back Contact, at the time specified in Clause 5.3 below, to verify the accuracy and correctness of the relevant information provided in the Payment Notice or, as the case may be, the Schedule 1 Amendment Notice.
5.3 The Escrow Agent shall carry out the Verification Procedure:
(a) in relation to a Payment Notice, prior to instructing the Foundation to make any payment pursuant to that Payment Notice;
(b) in relation to a Schedule 1 Amendment Notice, within 2 (two) Business Days of receiving that Schedule 1 Amendment Notice; or
(c) if required under Law and Regulation or the Escrow Agent's internal protocol.
5.4 If more than one Call Back Contact is provided, the Escrow Agent shall, at its own discretion, choose one Call Back Contact to carry out the Verification Procedure.
5.5 The Escrow Agent shall be entitled to rely on all information contained in, or provided in accordance with, this Escrow Agreement, including the name and telephone number provided for each Call Back Contact and shall not be required to further identify any Call Back Contact.
5.6 The Escrow Agent shall not be liable to the Company or any third party for a delay in making any payment as a result of having to carry out a Verification Procedure.
Verification Procedure. (1) The signature file of each processed file is validated.
(2) If processed files are pieces of a bigger file, the latter is put together.
(3) Each file obtained in the previous step is then decrypted and uncompressed.
(4) Each data file contained in the previous step is then validated against the format defined in Part A, Section 9, reference 1 of this Specification.
(5) If Part A, Section 9, reference 1 of this Specification includes aThe data escrow agent extended verification process, that will be applied at this stepas defined below in reference 2 of Part A of this Specification 2, as well as any other data escrow verification process contained in such reference. If any discrepancy is found in any of the steps, the Deposit will be considered incomplete.
Verification Procedure. Upon installation of the Licensed Software, TECHSHARE shall perform its standard test procedures and shall certify to Subscriber that the Licensed Software is in substantial conformance with TECHSHARE’s then current published specifications and is ready for Subscriber’s use. In the event TECHSHARE cannot so certify, TECHSHARE’s sole obligation shall be to correct the cause thereof, which shall be Subscriber’s sole right and remedy against TECHSHARE.
Verification Procedure. Upon request of the Lessee, such Revised Rent Amounts and the bases of the computation thereof shall be subject to independent verification by a firm of nationally recognized independent public accountants selected by the Owner Participant and reasonably acceptable to the Lessee. Such accountants shall either (A) confirm to the Lessee and the Lessor in writing that such Revised Rent Amounts were computed on a basis consistent with the requirements of this subsection (f), or (B) compute and provide to the Lessee, the Lessor, the Owner Participant, each Loan Participant, the Indenture Trustee and any Collateral Trust Trustee, Revised Rent Amounts which are computed on such a basis. The Revised Rent Amounts, as so confirmed or computed (as the case may be) shall be conclusive and binding upon the Lessee, the Lessor, the Owner Participant, each Loan Participant, the Indenture Trustee and any Collateral Trust Trustee. The cost of any such verification shall be borne by the Lessee unless such accountants shall require a downward adjustment to the Revised Rent Amounts as computed and furnished by the Owner Participant which is greater than 5% of the amount of the adjustment to Basic Rent so furnished by the Owner Participant, in which case such cost shall be paid by the Owner Participant. If, as a result of any such verification, it is determined that the Lessee has made any overpayment or underpayment of Basic Rent or Supplemental Rent, then such overpayment or underpayment shall be factored into revised computations of the Revised Rent Amounts. Each adjustment pursuant to paragraph (d) or (e) of this Section 3 shall be evidenced by the execution and delivery of a supplement to this Facility Lease in form and substance satisfactory to the Lessee and the Owner Participant, but shall be effective as provided herein without regard to the date on which each supplement to this Facility Lease is so executed and delivered, and the parties hereto shall do such further acts and things as may be reasonably required to effectuate the execution and delivery of such supplement.
Verification Procedure. ▇▇▇▇▇▇ agrees that for the purpose of verifying ▇▇▇▇▇▇’▇ sales and inventory records (the “▇▇▇▇▇▇ Records”) respecting ▇▇▇▇▇▇’▇ use of the SAK kegs, any employee of BRI shall be permitted, upon request and reasonable notice (which both parties agree to be 48 hours) by BRI: (a) to review all sales and inventory records of ▇▇▇▇▇▇ pertaining to the SAK kegs (the “▇▇▇▇▇▇ Records”); and (b) to access the facilities of ▇▇▇▇▇▇ to conduct a physical inventory review in respect of the SAK kegs (the “Inventory Review”). Where a ▇▇▇▇▇▇ has recorded an under-usage of the BRI keg float on the monthly reporting, ▇▇▇▇▇▇ must pay the amount owing plus interest charges, plus BRI may exercise its right to cancel this agreement effective immediately.
Verification Procedure. (1) The signature file of each processed file is validated.
(2) If processed files are pieces of a bigger file, the latter is put together.
(3) Each file obtained in the previous step is then decrypted and uncompressed.
(4) Each data file contained in the previous step is then validated against the format defined in Part A, Section 9, reference 1 of this Specification.
(5) If Part A, Section 9, reference 1 of this Specification includes a verification process, that will be applied at this step. If any discrepancy is found in any of the steps, the Deposit will be considered incomplete.
Verification Procedure. 11.2.1 The District may require verification of reasons for the taking or use of any leave if the District has reason to believe that the absence may not have been used for proper leave purposes. Such verification in the case of accident or illness leave may include a statement by a qualified doctor (or practitioner in the case of religious requirement) verifying the cause and condition of said accident or illness. Abuse of leave privileges may be subject to loss of pay and appropriate disciplinary action.
Verification Procedure. Upon installation of the Licensed Software, Tyler shall perform its standard test procedures and shall certify to Purchaser that the Licensed Software is in substantial conformance with Tyler’s then current published specifications (the “Verification Procedure”) and is ready to commence Operational Use.
Verification Procedure. 10.2.1 A unit member shall provide verification of reasons for taking, or use of, any leave upon District's request.
10.2.2 Repeated or egregious violation of the terms of use of leave as stated in this agreement shall be subject to loss of pay and appropriate disciplinary actions.
10.2.3 The District reserves the right to approve a verification of absence signed by a unit member.
Verification Procedure. In order to verify the authenticity of the contents of any container deposited by the Agreement No: IWS99001
(a) The Licensee shall notify the Licensor and the Trustee in writing of its demand to inspect the contents of a container, and such notification shall be made at least 30 days in advance of the date appointed for such inspection.
(b) The Trustee shall appoint the location for such inspection.
(c) The Trustee shall attend at the appointed time and place and shall thereat produce the sealed container in question.
(d) The contents of the container shall be removed and inspected by the Licensee and a determination made as to whether they are as purported by the Licensor on its certificate.
(e) If the contents are determined to be as purported, they will be resealed and returned to the Trustee to continue to hold in escrow. The Licensee shall pay all costs associated with the inspection, including machine time, operating personnel, travel, food, lodging and a reasonable per diem fee for the attendance of all the parties attending at the inspection.
(f) If the contents of the container are determined not to be as purported, then Licensor shall pay all of the costs named in sub paragraph (e) and shall also forthwith deliver to the Trustee a copy of the authentic software as purported on the Licensor's certification, and the Licensee may first verify that the same are authentic.