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.
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.
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.
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.
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.
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.
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.
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.