Verification of accuracy Clause Samples

The Verification of Accuracy clause requires parties to confirm that all information, representations, or documents provided under the agreement are true, complete, and correct. In practice, this clause may obligate a party to provide evidence or allow the other party to audit records to ensure the accuracy of submitted data, such as financial statements or compliance certifications. Its core function is to prevent misinformation and ensure that decisions or obligations based on provided information are reliable and trustworthy.
Verification of accuracy. (1) The accuracy of the instruments used shall be verified at the request of either Buyer, Seller or Southern LNG. Such verifications shall be made in the presence of the Party requesting verification, in accordance with methods recommended by the manufacturers of the measuring instruments. (2) If, at any time of verification, a measuring instrument is found to produce errors of one percent (1%) or less of unloaded LNG, then such instrument's previous measurement shall be considered accurate for purposes of delivery calculations. Such instrument shall be adjusted as soon as practicable for subsequent use. If, at the time of verification, a measuring instrument is found to produce errors of more than one percent (1%), then such instrument's previous measurements shall be brought to a zero difference by comparison with calibration results for any period known definitely or agreed to have been affected with such error, and the calculation of unloading during this period shall be corrected accordingly. If the period that the error affected is not definitely known or agreed upon, correction shall be made for those quantities unloaded during the last half of the period since the date of the last calibration of the instrument.
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Verification of accuracy. For each pump test, the pump tester must clearly state 1. If the kWh/AF is certified (by the pump tester) to be within +/- 6% of the true value, and 2. If the test represents standard operating conditions for the pump.
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Related to Verification of accuracy

  • Certification of Accuracy The following parties have reviewed the information above and certify, to the best of their knowledge, that the information they have provided is true and accurate.

  • Certification of Accuracy of Disclosure Upon commencement of the offering of the Shares under this Agreement (and upon the recommencement of the offering of the Shares under this Agreement following the termination of a suspension of sales hereunder lasting more than 30 Trading Days), and each time that (i) the Registration Statement or Prospectus shall be amended or supplemented, other than by means of Incorporated Documents, (ii) the Company files its Annual Report on Form 10-K under the Exchange Act, (iii) the Company files its quarterly reports on Form 10-Q under the Exchange Act, (iv) the Company files a Current Report on Form 8-K containing amended financial information (other than information that is furnished and not filed), if the Manager reasonably determines that the information in such Form 8-K is material, or (v) the Shares are delivered to the Manager as principal at the Time of Delivery pursuant to a Terms Agreement (such commencement or recommencement date and each such date referred to in (i), (ii), (iii), (iv) and (v) above, a “Representation Date”), unless waived by the Manager, the Company shall furnish or cause to be furnished to the Manager forthwith a certificate dated and delivered on the Representation Date, in form reasonably satisfactory to the Manager to the effect that the statements contained in the certificate referred to in Section 6 of this Agreement which were last furnished to the Manager are true and correct at the Representation Date, as though made at and as of such date (except that such statements shall be deemed to relate to the Registration Statement and the Prospectus as amended and supplemented to such date) or, in lieu of such certificate, a certificate of the same tenor as the certificate referred to in said Section 6, modified as necessary to relate to the Registration Statement and the Prospectus as amended and supplemented to the date of delivery of such certificate.

  • Verification of Accounts The Lender shall have the right, at any time or times hereafter, in the name of the Lender or a nominee of the Lender, to verify the validity, amount or any other matter relating to any Accounts of the Borrower, by mail, telephone, facsimile or otherwise.

  • Data Accuracy The Custodian has no responsibility for, or duty to review, verify or otherwise perform any investigation as to the completeness, accuracy or sufficiency of, any data or information provided by or on behalf of the Client, any persons authorized by the Client, any Third Party Agent, any Market Participant or any Authorized Data Sources, except to the extent the Custodian has agreed in writing to perform reconciliations, variance or tolerance checks or other specific forms of data review under this Agreement.

  • Verification Bank may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Accounts, either in the name of Borrower or Bank or such other name as Bank may choose.