Common use of Available Verification Services Clause in Contracts

Available Verification Services. Upon receipt of a written request from Preferred Beneficiary, DSI and Preferred Beneficiary may enter into a separate proposal agreement (“Statement of Work”) pursuant to which DSI will agree, upon certain terms and conditions, to inspect the Deposit Materials consistent with one or several of the levels of verification described in the attached Technical Verification Options. Depositor consents to DSI’s performance of any level(s) of verification described in the attached Technical Verification Options. Depositor shall reasonably cooperate with DSI by providing its facilities, computer, software systems, and technical support personal for verification; however, it is understood that DSI will make reasonable efforts not to create undue interference with Depositor’s personnel, work or workplace. Depositor shall provide such cooperation under Level I and Level II of the attached Technical Verification Options free of charge. Depositor shall also provide assistance under Level III free of charge for up to five (5) hours a week not to exceed an aggregate of 20 hours. Thereafter, Preferred Beneficiary agrees to compensate Depositor for services to assist DSI with its verification services at an hourly charge of $75. If a verification is elected after the Deposit Materials have been delivered to DSI, then only DSI, or, at DSI’s election, an independent contractor or company selected by DSI, may perform the verification.