Verification Protocol definition

Verification Protocol means the Borrower’s protocol, acceptable to the Bank, setting forth the means by which the achievement of DLRs will be verified under the Program, as such Verification Protocol may be amended from time to time with the prior written agreement of the Bank.

Verification Protocol means the Recipient’s protocol, acceptable to the Association, setting forth the means by which the achievement of DLRs will be verified under the Program, as such Verification Protocol may be amended from time to time with the prior written agreement of the Association.

Verification Protocol means the protocol setting forth the actions and mechanism required for verification of DLRs, agreed with the Bank, dated March 7, 2024, and referred to in Section IV.B.1(b) of Schedule 2 to this Agreement, as the same may be amended from time to time with the prior written agreement of the Bank.

Examples of Verification Protocol in a sentence

• Energy savings measurement and the verification (“M&V”) process is referenced in the International Performance Measurement and Verification Protocol (“IPMVP”).

More Definitions of Verification Protocol

Verification Protocol means the Recipient’s verification protocol, as included in the POM and acceptable to the Association, setting forth the detailed criteria for the achievement of PBCs and means by which the same will be verified under the Project, as such verification protocol may be amended from time to time with the prior written agreement of the Association.

Verification Protocol means a procedure or method used, consistent with industry standards, to establish with reasonable cer- tainty that a conservation measure was installed and is in service. Industry standards include a range of appropriate protocols reflecting a balance of cost and accuracy, such as tracking installation of meas-

Verification Protocol means the DLI verification protocol table specifying the means by which the achievement of each DLR will be verified under the Program.

Verification Protocol means the Recipient’s protocol, acceptable to the Bank, setting forth the means by which the achievement of DLRs will be verified under the Program, as such Verification Protocol may be amended from time to time with the prior written agreement of the Bank.

Verification Protocol means the PBCs verification protocol agreed on May 18, 2020 between the Recipient and the Association for purposes of: (i) defining the PBC terms and requirements; (ii) listing the documentary evidence to be provided in support thereof; and (iii) providing the verification procedures and responsibilities to certify compliance with/achievement of each PBC, as such verification protocol may be revised, updated or supplemented from time to time with the mutual agreement of the Recipient and the Association.

Verification Protocol means Recipient’s protocol detailing the means by which the fulfilment of the PBCs will be verified under the Project, and which is included in the Project Implementation Manual.

Verification Protocol means a procedure or method used, consistent with industry standards, to establish with reasonable certainty that a conservation measure was installed and is in service. Industry standards include a range of appropriate protocols reflecting a balance of cost and accu- racy, such as tracking installation of measures through incen- tive payments and the use of on-site inspection of measures installed as part of a customer-specific project.