Common use of The Monitor Clause in Contracts

The Monitor. i. Xxxxx notify the MFDA of any disagreement, dispute or other limitation encountered with the Member that may result in the Terms of the Independent Monitor not being satisfied. This includes but is not limited to situations where there is a difference of opinion between the Monitor and the Member with regard to: 1. The detailed nature of the Deficiencies; 2. The actions necessary to remedy the Deficiencies; 3. The procedures to be used to test the Member’s implementation of the Action Plan. ii. May advise the Member of the results during the testing process; iii. Shall prepare the Completion Report in an independent manner without consultation with the Member as to the content of the report; and iv. Shall provide the Completion Report directly to Staff, with a copy to the Member.

The Monitor. i. Xxxxx notify the MFDA MDFA of any disagreement, dispute or other limitation encountered with the Member that may result in the Terms of the Independent Monitor not being satisfied. This includes , including but is not limited to situations where there is a difference of opinion between the Monitor and the Member with regard to: 1. : ▪ The detailed nature of the Deficiencies; 2. ; ▪ The actions necessary to remedy the Deficiencies; 3. ; ▪ The procedures to be used to test the Member’s implementation of the Action Plan. ii. May advise the Member of the results during the testing process; iii. Shall prepare the Completion Report in an independent manner without consultation with the Member as to the content of the report; and iv. Shall provide the Completion Report directly to Staff, with a copy to the Member.

The Monitor. i. Xxxxx notify the MFDA of any disagreement, dispute or other limitation encountered with the Member that may result in the Terms of the Independent Monitor not being satisfied. This includes but is not limited to situations where there is a difference of opinion between the Monitor and the Member with regard to: 1. The detailed nature of the Deficiencies; 2. The actions necessary to remedy the Deficiencies; 3. The procedures to be used to test the Member’s implementation of the Leverage Action Plan. ii. May advise the Member of the results during the testing process; iii. Shall Xxxxx prepare the Completion Recommendation Report in an independent manner without consultation with the Member as to the content of the report; and iv. Shall provide the Completion Recommendation Report directly to Staff, with a copy to the Member.