Verify and Record Clause Samples
The "Verify and Record" clause establishes the obligation for one or both parties to confirm the accuracy of certain information and to maintain a formal record of that verification. In practice, this may involve checking the authenticity of documents, validating data, or ensuring compliance with specific requirements, and then documenting the results in writing or in a designated system. This clause serves to create a clear audit trail and accountability, reducing the risk of disputes by ensuring that all relevant information has been properly checked and recorded.
Verify and Record. All Daily Income Accruals for Debt Issues: - Review and verify all system generated Interest and Amortization reports. - Establish unique security codes for bond issues to permit segregated Trial Balance income reporting.
Verify and Record. All Daily Income Accruals for Debt Issues: Series Level . Review and verify all system generated Interest and Amortization reports. . Establish unique security codes for bond issues to permit segregated Trial Balance income reporting. SCHEDULE "A" ------------ Series and Each Class . Allocate Series income to classes based upon value of outstanding class shares.
Verify and Record. All Daily Income Accruals for Debt Issues, on Series ---------------------------------------------------------------------- level and on Class level, if necessary. --------------------------------------
Verify and Record. All Daily Income Accruals for Debt Issues: o Review and verify all system generated Interest and Amortization reports. o Establish unique security codes for bond issues to permit segregated Trial Balance income reporting. 6) Monitor Domestic Securities Held for Cash Dividends, corporate actions and capital changes such as splits, mergers, spinoffs, etc. and process appropriately. o Monitor electronically received information from ▇▇▇▇▇▇ Data Corporation for all domestic securities. o Review current daily security trades for dividend activity. o Interface with Custodian to monitor timely collection and postings of corporate actions and dividends.
Verify and Record. All Daily Income Accruals for Debt Issues, on Series level and on Class level, if necessary.