Contract Verification Sample Clauses
The Contract Verification clause establishes the procedures and rights for confirming that the terms and conditions of a contract are being properly fulfilled by all parties. Typically, this clause allows one or more parties to request documentation, conduct audits, or otherwise inspect records to ensure compliance with contractual obligations. By providing a formal mechanism for oversight, the clause helps prevent misunderstandings, detect breaches early, and maintain trust between the parties.
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Contract Verification. Whether or not a Default or Event of Default exists, Agent shall have the right at any time, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Contracts by mail, telephone or otherwise. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.
Contract Verification. Whether or not a Default or Event of Default exists, Agent shall have the right at any time, in the name of Agent, any designee of Agent or Colonial, to verify the validity, amount or any other matter relating to any Contracts of Colonial by mail, telephone or otherwise. Colonial shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.
Contract Verification. Whether or not a Default or Event of Default exists, Collateral Agent shall have the right at any time, in the name of Collateral Agent, any designee of Collateral Agent or Colonial, to verify the validity, amount or any other matter relating to any Contracts of Colonial by mail, telephone or otherwise. Colonial shall cooperate fully with Collateral Agent in an effort to facilitate and promptly conclude any such verification process.
Contract Verification. From time to time, Agent may forward to all contractors, subcontractors, material suppliers, architects, engineers and other parties listed on any Draw Request, a contract verification to ascertain the correctness of the amount of the contract for each contractor, subcontractor, material supplier, architect, engineer and any other party as contained on the statement. In the event of any discrepancy between the amounts shown by the executed copies of the contracts, the Draw Request, and the verification of contract forms, Agent shall have the right to require that such discrepancies be eliminated to its full satisfaction.