Periodic Verification Clause Samples
The Periodic Verification clause establishes a requirement for regular checks or assessments to ensure ongoing compliance with certain standards, obligations, or conditions specified in an agreement. Typically, this involves scheduled reviews, audits, or inspections conducted at set intervals, such as quarterly or annually, to verify that parties are meeting their responsibilities. By mandating these recurring evaluations, the clause helps to identify issues early, maintain accountability, and ensure that contractual obligations are consistently fulfilled throughout the term of the agreement.
Periodic Verification. Supervisors may periodically verify that an employee has a valid Ohio driver’s license. The College will verify insurability of all employees on a regular basis.
Periodic Verification. Supervisors may periodically verify that an employee has no criminal record.
Periodic Verification and test methodologies shall be prepared according to requirements defined in IEC 62446, IEC 60364-6 and according to the current best commissioning practice.
Periodic Verification. The loans under the co-lending model shall be subjected to periodic verification by Bank’s/NBFC’s internal/statutory auditors to ensure adherence to its internal guidelines, terms of the agreement and extant regulatory requirements.