Verification Agent definition

Verification Agent. As defined in Section 3.28.

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Verification Agent means an entity appointed by the Agent to perform specific services with respect to the Eligible Mortgage Loans, or its successors and assigns.

Verification Agent has the meaning set forth in Section 6.01 hereof.

Examples of Verification Agent in a sentence

• Such written notification from the Master Servicer shall include the loan number, prepayment penalty code and prepayment penalty amount as calculated by the Master Servicer or the Verification Agent, as applicable, of each Mortgage Loan for which there is a discrepancy.

• Such written notification from the Master Servicer shall include the loan number, prepayment penalty code and prepayment penalty amount as calculated by the Master Servicer or the Verification Agent, as applicable, of each Loan for which there is a discrepancy.

• Such written notification from the Master Servicer shall include the loan number, prepayment penalty code and prepayment penalty amount as calculated by the Master Servicer or the Verification Agent, as applicable, of each Assigned Loan for which there is a discrepancy.

• From the Effective Date until expiration or earlier termination of this Agreement, Owner shall permit ACC or the Verification Agent to examine the books and records of Owner solely with respect to the Project, and, so long as there is then no Default, ACC shall deliver five (5) Business Days prior written notice of any examination and detailing the specific need for such examination.

• A Requisition shall be submitted by the Owner for review by the Verification Agent and is subject to approval by ACC.

More Definitions of Verification Agent

Verification Agent means the entity or entities listed in the Verification Protocol and referred to in Section I.D of Schedule 2 to this Agreement.

Verification Agent means Samuel Klein and Company, Certified Public Accountants, a nationally recognized firm of independent verification agents, or its successor approved by the State.

Verification Agent means ADP and its subcontractors, as authorized by the Client, to perform Employment Verification Services.

Verification Agent means any person, firm or business selected by ACC and includes any other person, firm, business or combinations thereof, that may be selected by ACC from time to time to oversee all aspects of the Project on behalf of ACC. The duties of the Verification Agent shall include among other things: Verifying Reimbursable Project Costs monthly and keeping a running total of Reimbursable Project Costs to enable Owner to submit Requisitions in accordance with Development Benchmarks; Upon request, pre-approving (or disapproving) Reimbursable Project Costs; Reviewing each Requisition in accordance with Section 9.1; The Verification Agent’s review and verification of Reimbursable Project Costs of Owner, Owner’s Affiliates, any Vertical Owner, any successor and assign of Owner, any Person succeeding to all or a portion Owner’s development interests in the Project, and/or any other Person performing Vertical Development (including parking and horizontal construction), and associated Requisitions shall be for the primary purpose of verifying that the costs included in each Requisition qualify as Reimbursable Project Costs (in accordance with the definition of such term), but the Verification Agent shall notify ACC of any apparent discrepancy (compared to the requirements of this Agreement) in the scope of the particular Phase of the Project or in the nature or appropriateness of the particular improvements or expenditures and of any apparent deviation from the Project Construction Schedule or the Plans; Attend periodic meetings with Owner’s project team as may be reasonably required to ensure compliance with this Agreement; To perform audits of expenditures and financial records related to the Project as may be reasonably required under this Agreement; Review the Project Schedule and Project Budgets in order to report to ACC on the progress of the Project; To verify the existence of Material Market Condition Change; Coordinating, facilitating, and helping ensure efficient and effective communication between Owner and ACC during the design, procurement, and construction phases of the Project; and To perform such other duties and functions ascribed to the Verification Agent elsewhere in this Agreement. With the approval of ACC and at Owner’s expense, the Verification Agent may call upon other consultants, such as MuniCap, Inc. or Development Planning & Financing Group, Inc., or ACC’s professionals (which shall not change or expand any such professional’s client relationsh...

Verification Agent means U.S. Bank National Association, not in its individual capacity, but solely in its capacity as verification agent, or any successor verification agent appointed pursuant to the Transaction Documents.

Verification Agent means a mortgage due diligence company mutually acceptable to the Guarantor and the Buyer.

Verification Agent means Grant Thornton LLP, certified public accountants, in their capacity as verification agent for the sufficiency of amounts on deposit in the Escrow Fund for the payment and redemption of the Refunded Bonds.