Procedures Review Clause Samples
The Procedures Review clause establishes a process for regularly examining and evaluating the operational procedures relevant to the agreement. Typically, this involves scheduled assessments by one or both parties to ensure that procedures remain effective, compliant with regulations, and aligned with the contract's objectives. By formalizing the review process, this clause helps identify areas for improvement, ensures ongoing compliance, and mitigates risks associated with outdated or ineffective procedures.
Procedures Review. In connection with an inspection permitted under Section 9.1.11, within twenty (20) Business Days after receipt of written request therefor, information reasonably required to generate a report which reasonably satisfies the requirements set forth on Schedule 9.1.5 (each such report, a “Procedures Review Report”).
Procedures Review. A one-time fee to review Client policies and procedures and advisor/sub-advisor and Administrator policies and procedures relating to Client’s compliance with the Liquidity Rule and, if necessary, to draft the same for Client/adviser, as follows: Review/Draft Client Procedures: $3,000.00 Review/Draft Adviser Procedures: $2,000.00 Review Sub-Adviser Procedures: $1,500.00 each Review Administrator Procedure: $1,500.00 (fee waived where Gemini is Administrator)
Procedures Review. The importance of both directory accuracy and claims review is highlighted in the ongoing planning processes, the annual review and the measurements defined as the Key Performance Indicators. Due to the impact on customer satisfaction and revenues, the parties agree to annually review both the cause and impact of directory claims as well as the procedures utilized to resolve such disputes. Should the parties agree that current claims resolution procedures, including the financial impact on the respective parties, are not meeting their objectives or are counterproductive to the letter or spirit of their cooperative relationship, upon mutual agreement appropriate modifications to those procedures will be instituted.
Procedures Review. The importance of both directory accuracy and claims review is highlighted in the ongoing planning processes, the annual review and the measurements defined as the Key Performance Indicators. Due to the impact on customer satisfaction and revenues, the parties agree to annually review both the cause and impact of directory claims as well as the procedures utilized to resolve such disputes. Should the parties agree that current claims resolution procedures, including the financial impact on the respective parties, are not meeting their objectives or are counterproductive to the letter or spirit of their cooperative relationship, upon mutual agreement appropriate modifications to those procedures will be instituted.