Inspection and Verification definition

Inspection and Verification. So long as the Revolving Credit has not been terminated and the Obligations paid in full, each Borrower will permit any of Lender's officers, agents or other representatives to visit and inspect, at any time (provided, however, that Lender shall, prior to the occurrence of an Event of Default, provide Borrower with prior reasonable notice of such visits or inspections), any of the Collateral, to examine all of such Borrower's books of account, records, reports and other papers, to make copies and extracts therefrom and to discuss its affairs, finances and accounts with its officers, employees and independent public accountants. All reasonable costs relating to any such visits and inspections shall be paid by Borrowers.
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Examples of Inspection and Verification in a sentence

  • I understand that up to twenty percent (20%) of project construction funds may be retained for thirty (30) days pending completion of the Final Inspection and Verification.

  • Standard Test Method for Inspection and Verification of Thermometers.

  • Inspection and Verification............................................................

  • The Contractor shall schedule a final Landscape Inspection and Verification walkthrough after this walkthrough, the Contractor shall submit a letter requesting Final Landscape Acceptance from CDOT.

  • ASTM E77 - Standard Test Method for Inspection and Verification of Thermometers; 2014.

  • Standard Test Method for Inspection and Verification of Thermometers; 2007.

  • They are always based on reliable primary data on the observed building stocks.

  • W., “Reproducibility of the Temperature of the Ice Point in Routine Measurements,” NIST TN 1411 (National Institute of Standards and Technology, Gaithersburg, MD, 1995).[11] ASTM E 11-07, “Standard Test Method for Inspection and Verification of Thermometers,” (ASTM, West Conshohocken, PA, 2007).[12] Vaughn, C.

  • All goods would need to pass the acceptance test in accordance with the “Product Inspection and Verification Management Procedure” before reaching the client.

  • The National Quality System comprises five institutions: COGUANOR; the Oficina Guatemalteca de Acreditación – OGA (Guatemalan Accreditation Bureau); the Centro Nacional de Metrología – CENAME (National Metrology Centre), including the National Metrology Laboratory and the Inspection and Verification Unit for legal metrology; CRETEC; and the Centro de Información – CEINFORMA (Information Centre).

Related to Inspection and Verification

  • CEC Certification and Verification means that the CEC has certified (or, with respect to periods before the Project has commenced commercial operation (as such term is defined by and according to the CEC), that the CEC has pre-certified) that the Project is an ERR for purposes of the California Renewables Portfolio Standard and that all Energy produced by the Project qualifies as generation from an ERR for purposes of the Project.

  • Inspection Report means the report delivered by the Master Servicer or the Special Servicer, as the case may be, substantially in the form of Exhibit L hereto.

  • Verification means the process of comparing sets of data to establish the validity of a claimed identity (one-to-one check);

  • Home inspection report means a written report that is

  • Inspections has the meaning set forth in Section 4.1.2.

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Independent Verification means that an evaluation is undertaken and reported by an individual or body whose organisation, systems and procedures conform to ISO Guide 65:1996 (EN 45011:1998) General requirements for bodies operating product certification systems (as amended form time to time) or equivalent, and who is accredited to audit against forest management standards by a body whose organisation, systems and procedures conform to ISO 17011: 2004 General Requirements for Providing Assessment and Accreditation of Conformity Assessment Bodies (as amended from time to time) or equivalent.

  • Verification Report As defined in Section 4.19.

  • Lead inspection means a surface-by-surface investigation to determine the presence of lead- based paint and the provisions of a report explaining the results of the investigation.

  • Verification system means the system maintained by the department under section 19-24.1-31 for verification of registry identification cards.

  • Testing means that element of inspection that determines the properties or elements, including functional operation of materials, equipment, or their components, by the application of established scientific principles and procedures.

  • Home inspection means the on-site, physical review of the home of an applicant to assure the applicant and the home meets all health and safety requirements within these rules.

  • Validation as used in WAC 222-20-016, means the department's agreement that a small forest landowner has correctly identified and classified resources, and satisfactorily completed a roads assessment for the geographic area described in Step 1 of a long-term application.

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • STATUS VERIFICATION SYSTEM This “Status Verification System” requirement, also referred to as “E-Verify”, only applies to contracts issued through a Request for Proposal process and to sole sources that are included within a Request for Proposal.

  • Busy Line Verification (BLV means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Physical examination means the assessment of an individual’s health by a professional licensed to practice medicine or osteopathy, or by an advanced practice nurse or physician assistant.

  • Commissioning Tests means all of the procedures and tests which, in accordance with the Reasonable and Prudent Standard, and in compliance with industry guidelines, practices and standards, are:

  • Onsite means within the Prescribed Premises boundary.

  • Expedited review means an examination, in accordance with

  • Quality Surveillance Engineer / Inspector means any person appointed by or on behalf of the Purchaser to inspect or carry out quality surveillance on supplies, stores or work under the Contract or any person deputed by the Quality Surveillance Engineer for the said purpose.

  • Study Materials means all the materials and information created for the Study, or required to be submitted to the Sponsor including all data, results, Biological Samples, Case Report Forms (or their equivalent) in whatever form held, conclusions, discoveries, inventions, know-how and the like, whether patentable or not, relating to the Study, which are discovered or developed as a result of the Study, but excluding the Institution’s ordinary patient records.

  • Audits means the audits and reviews carried out by the Bank or the Bank’s auditors, experts and insurers, as the case may be in accordance with the terms and conditions set out in Section 18.

  • Due Diligence Review means the performance by Buyer of any or all of the reviews permitted under Section 44 hereof with respect to any or all of the Loans or Seller or related parties, as desired by Buyer from time to time.

  • Certificate of inspection means an unsworn statement,

  • Verification on oath or affirmation means a declaration, made by an individual on oath or affirmation before a notarial officer, that a statement in a record is true.