Common use of Verification Protocol Clause in Contracts

Verification Protocol. The Borrower shall cause the Program Implementing Entity to: (a) appoint within 1 (one) month from the Effective Date and maintain at all times during the implementation of the Program, an independent verification agent under terms of reference and 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 4 to this Agreement; and (b) ensure that the Independent Verification Agent carries out verification processes in accordance with the Verification Protocols and furnish to the Bank the corresponding verification reports in form and substance satisfactory to the Bank.

Verification Protocol. The Borrower shall cause the Program Implementing Entity to: (a) appoint within 1 (one) month 3 months from the Effective Date and maintain at all times during the implementation of the Program, an independent verification agent under terms of reference and 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 4 to this Agreement; and (b) ensure that the Independent Verification Agent carries out verification processes in accordance with the Verification Protocols and furnish to the Bank the corresponding verification reports in form and substance satisfactory to the Bank.