{"component": "clause", "props": {"groups": [{"samples": [{"hash": "hFyp5ST9QMv", "uri": "/contracts/hFyp5ST9QMv#monitoring", "label": "Custody Agreement (Mh Elite Portfolio of Funds Trust)", "score": 37.1697463989, "published": true}, {"hash": "b5CDlp5OnVj", "uri": "/contracts/b5CDlp5OnVj#monitoring", "label": "Custodian Agreement (2023 ETF Series Trust)", "score": 36.7125244141, "published": true}, {"hash": "dWEbT8AdPTD", "uri": "/contracts/dWEbT8AdPTD#monitoring", "label": "Custodian and Transfer Agent Agreement (Rayliant Funds Trust)", "score": 36.6960983276, "published": true}], "size": 349, "snippet": "The Delegate shall establish a system to monitor at reasonable intervals (but at least annually) the appropriateness of maintaining the Fund's Assets with each Eligible Foreign Custodian that has been selected by the Delegate pursuant to Section 3 of this Delegation Schedule. The Delegate shall monitor the continuing appropriateness of placement of the Fund's Assets in accordance with the criteria established under Section 3(a) of this Delegation Schedule. The Delegate shall monitor the continuing appropriateness of the contract governing the Fund's arrangements in accordance with the criteria established under Section 3(b) of this Delegation Schedule.", "snippet_links": [{"key": "the-delegate", "type": "clause", "offset": [0, 12]}, {"key": "the-fund", "type": "clause", "offset": [132, 140]}, {"key": "eligible-foreign-custodian", "type": "definition", "offset": [160, 186]}, {"key": "pursuant-to-section-3", "type": "clause", "offset": [226, 247]}, {"key": "delegation-schedule", "type": "definition", "offset": [256, 275]}, {"key": "placement-of", "type": "definition", "offset": [338, 350]}, {"key": "in-accordance-with", "type": "definition", "offset": [369, 387]}, {"key": "the-criteria", "type": "clause", "offset": [388, 400]}, {"key": "the-contract", "type": "definition", "offset": [522, 534]}], "hash": "07c228ff3208eebed214ff94aac3c665", "id": 3}, {"samples": [{"hash": "kiHtrhpNG7O", "uri": "/contracts/kiHtrhpNG7O#monitoring", "label": "Master Custodian Agreement (Loomis Sayles Credit Income Opportunities Fund)", "score": 37.3203277588, "published": true}, {"hash": "lUZiNhXHL2w", "uri": "/contracts/lUZiNhXHL2w#monitoring", "label": "Master Custodian Agreement (Allspring Variable Trust)", "score": 37.306640625, "published": true}, {"hash": "7n5C75AWRJN", "uri": "/contracts/7n5C75AWRJN#monitoring", "label": "Master Custodian Agreement (Allspring Exchange-Traded Funds Trust)", "score": 36.7453804016, "published": true}], "size": 1012, "snippet": "In each case in which the Foreign Custody Manager maintains Foreign Assets with an Eligible Foreign Custodian selected by the Foreign Custody Manager, the Foreign Custody Manager shall establish a system to monitor (i) the appropriateness of maintaining the Foreign Assets with such Eligible Foreign Custodian and (ii) the contract governing the custody arrangements established by the Foreign Custody Manager with the Eligible Foreign Custodian. In the event the Foreign Custody Manager determines that the custody arrangements with an Eligible Foreign Custodian it has selected are no longer appropriate, the Foreign Custody Manager shall notify the Board in accordance with Section 3.2.5 hereunder.", "snippet_links": [{"key": "each-case", "type": "definition", "offset": [3, 12]}, {"key": "foreign-custody-manager", "type": "clause", "offset": [26, 49]}, {"key": "foreign-assets", "type": "definition", "offset": [60, 74]}, {"key": "eligible-foreign-custodian", "type": "definition", "offset": [83, 109]}, {"key": "the-contract", "type": "definition", "offset": [319, 331]}, {"key": "custody-arrangements", "type": "clause", "offset": [346, 366]}, {"key": "in-the-event-the", "type": "clause", "offset": [447, 463]}, {"key": "the-board", "type": "clause", "offset": [648, 657]}, {"key": "in-accordance-with", "type": "definition", "offset": [658, 676]}], "hash": "3f2778fb477293042612fe4a85a9afe8", "id": 1}, {"samples": [{"hash": "65ZtRUkmXd9", "uri": "/contracts/65ZtRUkmXd9#monitoring", "label": "Grant Agreement", "score": 36.4962463379, "published": true}, {"hash": "cKeQE7nL9rZ", "uri": "/contracts/cKeQE7nL9rZ#monitoring", "label": "Standard Grant Agreement", "score": 36.0322685242, "published": true}, {"hash": "6DqwYMMLO7t", "uri": "/contracts/6DqwYMMLO7t#monitoring", "label": "Standard Grant Agreement", "score": 35.8637275696, "published": true}], "size": 159, "snippet": "In addition to reviews of audits conducted in accordance with 2 CFR Part 200, Subpart F-Audit Requirements, and Section 215.97, F.S., as revised (see \u201cAUDITS\u201d below), monitoring procedures may include, but not be limited to, on-site visits by DEP Department staff, limited scope audits as defined by 2 CFR 200.425, or other procedures. By entering into this Agreement, the recipient agrees to comply and cooperate with any monitoring procedures/processes deemed appropriate by the Department of Environmental Protection. In the event the Department of Environmental Protection determines that a limited scope audit of the recipient is appropriate, the recipient agrees to comply with any additional instructions provided by the Department to the recipient regarding such audit. The recipient further agrees to comply and cooperate with any inspections, reviews, investigations, or audits deemed necessary by the Chief Financial Officer (CFO) or Auditor General. 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Results of monitoring efforts shall be summarized in written reports and supported with documented evidence of follow-up actions taken to correct areas of noncompliance.", "snippet_links": [{"key": "subcontracted-services", "type": "definition", "offset": [34, 56]}, {"key": "on-a-regular-basis", "type": "definition", "offset": [57, 75]}, {"key": "contract-compliance", "type": "definition", "offset": [86, 105]}, {"key": "written-reports", "type": "clause", "offset": [160, 175]}, {"key": "evidence-of", "type": "definition", "offset": [206, 217]}, {"key": "actions-taken", "type": "clause", "offset": [228, 241]}], "hash": "881896993758c28c863d4a56d7a7342b", "id": 4}, {"samples": [{"hash": "63WEgEtvFqf", "uri": "/contracts/63WEgEtvFqf#monitoring", "label": "Memorandum of Understanding", "score": 35.5829544067, "published": true}, {"hash": "e1CagRcCmna", "uri": "/contracts/e1CagRcCmna#monitoring", "label": "Memorandum of Understanding", "score": 34.7771720886, "published": true}, {"hash": "kpfrwskjm9F", "uri": "/contracts/kpfrwskjm9F#monitoring", "label": "Memorandum of Understanding", "score": 33.9149017334, "published": true}], "size": 159, "snippet": "Management shall maintain such records as are required to monitor the usage of leave as defined in this Article. Such records are to be made available to the Union upon request. It is the intent of the parties that the provisions and administration of this Article be in compliance with the Family and Medical Leave Act of 1993, the California Family Rights Act of 1993, and the Pregnancy Disability Leave provisions of the California Fair Employment and Housing Act.", "snippet_links": [{"key": "usage-of-leave", "type": "clause", "offset": [70, 84]}, {"key": "this-article", "type": "definition", "offset": [99, 111]}, {"key": "to-the-union", "type": "clause", "offset": [151, 163]}, {"key": "upon-request", "type": "clause", "offset": [164, 176]}, {"key": "intent-of-the-parties", "type": "clause", "offset": [188, 209]}, {"key": "the-provisions", "type": "clause", "offset": [215, 229]}, {"key": "administration-of", "type": "clause", "offset": [234, 251]}, {"key": "the-family-and-medical-leave-act-of-1993", "type": "clause", "offset": [287, 327]}, {"key": "california-family-rights-act", "type": "clause", "offset": [333, 361]}, {"key": "provisions-of-the", "type": "clause", "offset": [406, 423]}, {"key": "california-fair-employment-and-housing-act", "type": "clause", "offset": [424, 466]}], "hash": "5e26682bab60af8ad311296c51c4fcac", "id": 8}, {"samples": [{"hash": "j3aI8mTx6RT", "uri": "/contracts/j3aI8mTx6RT#monitoring", "label": "Intergovernmental Agreement", "score": 36.5318260193, "published": true}, {"hash": "1oIGbkzql1Q", "uri": "/contracts/1oIGbkzql1Q#monitoring", "label": "Intergovernmental Agreement", "score": 36.4962425232, "published": true}, {"hash": "23BCOgPNAy4", "uri": "/contracts/23BCOgPNAy4#monitoring", "label": "Intergovernmental Agreement", "score": 36.4798164368, "published": true}], "size": 124, "snippet": "The State, in its discretion, may monitor Contractor\u2019s performance of its obligations under this Contract using procedures as determined by the State. The State shall monitor Contractor\u2019s performance in a manner that does not unduly interfere with Contractor\u2019s performance of the Work.", "snippet_links": [{"key": "in-its-discretion", "type": "clause", "offset": [11, 28]}, {"key": "under-this-contract", "type": "clause", "offset": [86, 105]}, {"key": "by-the-state", "type": "clause", "offset": [137, 149]}, {"key": "the-state-shall", "type": "clause", "offset": [151, 166]}, {"key": "performance-of-the-work", "type": "clause", "offset": [261, 284]}], "hash": "189c73600a0fc9aa58695e6f4959cede", "id": 10}, {"samples": [{"hash": "6xJoZQP7eL1", "uri": "/contracts/6xJoZQP7eL1#monitoring", "label": "Grant Agreement", "score": 36.5167694092, "published": true}, {"hash": "aceY9hH4on5", "uri": "/contracts/aceY9hH4on5#monitoring", "label": "Grant Agreement", "score": 35.8819160461, "published": true}, {"hash": "6LVDR8YDVG1", "uri": "/contracts/6LVDR8YDVG1#monitoring", "label": "Grant Agreement", "score": 35.7893104553, "published": true}], "size": 162, "snippet": "In addition to reviews of audits conducted in accordance with 2 C.F.R. \u00a7 200.500, the Provider will comply and cooperate with any monitoring procedures and processes and additional audits deemed appropriate by the OAG, including but not limited to on-site visits. The Provider will also comply and cooperate with any inspections, reviews, investigations, or audits deemed necessary by the OAG or its designee, Chief Financial Officer, Auditor General or the U.S. Department of Justice. The Provider may not accept duplicate funding for any cost, position, service or deliverable funded by the OAG. Duplicative funding is defined as more than 100 percent payment from all funding sources for any cost, position, service or deliverable. If there are multiple funding sources and a program is funded by the OAG, the OAG or its designee has the right to review all documents related to those funding sources to determine whether duplicative funding is an issue. If duplicate funding is found, this Agreement may be suspended, terminated or both while the extent of the overpayment is determined. Failure to comply with state or federal law, and the U.S. Department of Justice Programs, Financial Guide, may also result in the suspension, termination or both of this Agreement while the extent of the overpayment is determined. Absent fraud, in the event that there has been an overpayment to the Provider for any reason, if the amount of the overpayment cannot be determined to a reasonable degree of certainty, as determined in the sole discretion of the OAG, the Provider will reimburse to the OAG one half of the monies previously paid to the Provider for that line item for the grant year in question.", "snippet_links": [{"key": "in-addition-to", "type": "clause", "offset": [0, 14]}, {"key": "in-accordance-with", "type": "definition", "offset": [43, 61]}, {"key": "the-provider", "type": "definition", "offset": [82, 94]}, {"key": "cooperate-with", "type": "clause", "offset": [111, 125]}, {"key": "procedures-and-processes", "type": "clause", "offset": [141, 165]}, {"key": "additional-audits", "type": "clause", "offset": [170, 187]}, {"key": "not-limited", "type": "clause", "offset": [233, 244]}, {"key": "site-visits", "type": "definition", "offset": [251, 262]}, {"key": "deemed-necessary", "type": "definition", "offset": [365, 381]}, {"key": "chief-financial-officer", "type": "clause", "offset": [410, 433]}, {"key": "auditor-general", "type": "clause", "offset": [435, 450]}, {"key": "the-us", "type": "clause", "offset": [454, 461]}, {"key": "department-of-justice", "type": "definition", "offset": [463, 484]}, {"key": "duplicate-funding", "type": "definition", "offset": [514, 531]}, {"key": "duplicative-funding", "type": "clause", "offset": [598, 617]}, {"key": "multiple-funding-sources", "type": "clause", "offset": [748, 772]}, {"key": "right-to-review", "type": "clause", "offset": [841, 856]}, {"key": "all-documents", "type": "clause", "offset": [857, 870]}, {"key": "related-to", "type": "definition", "offset": [871, 881]}, {"key": "determine-whether", "type": "clause", "offset": [907, 924]}, {"key": "this-agreement", "type": "clause", "offset": [989, 1003]}, {"key": "state-or-federal-law", "type": "definition", "offset": [1115, 1135]}, {"key": "in-the-event", "type": "clause", "offset": [1337, 1349]}, {"key": "for-any-reason", "type": "clause", "offset": [1401, 1415]}, {"key": "sole-discretion", "type": "definition", "offset": [1529, 1544]}, {"key": "line-item", "type": "definition", "offset": [1660, 1669]}, {"key": "grant-year", "type": "definition", "offset": [1678, 1688]}], "hash": "be07df8d069b89e67af885c6402049e8", "id": 6}, {"samples": [{"hash": "8hWcZHmKUCd", "uri": "/contracts/8hWcZHmKUCd#monitoring", "label": "Custodian and Investment Accounting Agreement (Lord Abbett Credit Opportunities Fund)", "score": 29.9828891754, "published": true}, {"hash": "cbRR70EakmS", "uri": "/contracts/cbRR70EakmS#monitoring", "label": "Custodian and Investment Accounting Agreement (Lord Abbett Us Gov & Gov Sponsored Enterpr Money Market Fund)", "score": 28.8138256073, "published": true}, {"hash": "cy08zLsF5CI", "uri": "/contracts/cy08zLsF5CI#monitoring", "label": "Custodian and Investment Accounting Agreement (Lord Abbett Investment Trust)", "score": 27.7652301788, "published": true}], "size": 126, "snippet": "In each case in which the Foreign Custody Manager maintains Foreign Assets with an Eligible Foreign Custodian selected by the Foreign Custody Manager, the Foreign Custody Manager shall establish a system to monitor (i) the appropriateness of maintaining the Foreign Assets with such Eligible Foreign Custodian and (ii) the contract governing the custody arrangements established by the Foreign Custody Manager with the Eligible Foreign Custodian. In the event the Foreign Custody Manager determines that the custody arrangements with an Eligible Foreign Custodian it has selected are no longer appropriate or no longer meet the requirements of Rule 17f-5, the Foreign Custody Manager shall promptly notify the Board in accordance with Section 3.2.5 hereunder.", "snippet_links": [{"key": "each-case", "type": "definition", "offset": [3, 12]}, {"key": "foreign-custody-manager", "type": "clause", "offset": [26, 49]}, {"key": "foreign-assets", "type": "definition", "offset": [60, 74]}, {"key": "eligible-foreign-custodian", "type": "definition", "offset": [83, 109]}, {"key": "the-contract", "type": "definition", "offset": [319, 331]}, {"key": "custody-arrangements", "type": "clause", "offset": [346, 366]}, {"key": "in-the-event-the", "type": "clause", "offset": [447, 463]}, {"key": "the-requirements", "type": "clause", "offset": [624, 640]}, {"key": "rule-17f-5", "type": "clause", "offset": [644, 654]}, {"key": "the-board", "type": "clause", "offset": [706, 715]}, {"key": "in-accordance-with", "type": "definition", "offset": [716, 734]}], "hash": "f0afe378c62bade50be089c8183eee21", "id": 9}, {"samples": [{"hash": "cNR6OSeSH3z", "uri": "/contracts/cNR6OSeSH3z#monitoring", "label": "Facility Agreement (Euroseas Ltd.)", "score": 37.3230667114, "published": true}, {"hash": "5e2dzRnyIxD", "uri": "/contracts/5e2dzRnyIxD#monitoring", "label": "Senior Facilities Agreement (AIR LTD)", "score": 37.2327156067, "published": true}, {"hash": "ezks7WJAva7", "uri": "/contracts/ezks7WJAva7#monitoring", "label": "Facility Agreement (Okeanis Eco Tankers Corp.)", "score": 37.2135505676, "published": true}], "size": 860, "snippet": "No Finance Party is bound to monitor or verify the application of any amount borrowed pursuant to this Agreement.", "snippet_links": [{"key": "finance-party", "type": "definition", "offset": [3, 16]}, {"key": "application-of", "type": "clause", "offset": [51, 65]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [86, 112]}], "hash": "715dadb6e4e1eb6f44c7332db0d3c847", "id": 2}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNtb25pdG9yaW5nIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 16007, "parents": [["scope-of-delegated-responsibilities", "Scope of Delegated Responsibilities"], ["the-custodian-as-foreign-custody-manager", "The Custodian as Foreign Custody Manager"], ["purpose", "Purpose"], ["miscellaneous", "Miscellaneous"], ["provisions", "PROVISIONS"]], "children": [["further-conditions-precedent", "Further conditions precedent"], ["", ""], ["initial-conditions-precedent", "Initial conditions precedent"], ["use-of-monitoring-services", "USE OF MONITORING SERVICES"], ["additional-coverage", "ADDITIONAL COVERAGE"]], "title": "Monitoring", "id": "monitoring", "related": [["program-monitoring", "Program Monitoring", "Program <strong>Monitoring</strong>"], ["project-monitoring", "Project Monitoring", "Project <strong>Monitoring</strong>"], ["evaluation-and-monitoring", "EVALUATION AND MONITORING", "EVALUATION AND <strong>MONITORING</strong>"], ["contract-monitoring", "Contract Monitoring", "Contract <strong>Monitoring</strong>"], ["analysis-and-monitoring", "ANALYSIS AND MONITORING", "ANALYSIS AND <strong>MONITORING</strong>"]], "related_snippets": [], "updated": "2026-05-03T06:08:52+00:00", "also_ask": ["What monitoring rights are essential to include for effective oversight?", "How can monitoring obligations be limited to avoid undue burden or liability?", "What are the key risks if monitoring provisions are vague or overbroad?", "How do monitoring clauses in this context compare to industry standards or statutory requirements?", "What factors determine if a monitoring clause will be enforceable in court?"], "drafting_tip": "Specify monitoring methods and frequency to ensure clarity; assign responsibilities to prevent disputes; require reporting to facilitate compliance tracking.", "explanation": "The Monitoring clause establishes the right or obligation for one party to observe, review, or audit the activities, performance, or compliance of the other party under the agreement. Typically, this clause allows for regular inspections, access to records, or reporting requirements to ensure that contractual obligations are being met. Its core practical function is to provide oversight and transparency, helping to identify and address issues early and ensuring ongoing compliance with the terms of the contract."}, "json": true, "cursor": ""}}