Common use of Account Documentation Clause in Contracts

Account Documentation. Correspondent shall be solely and exclusively responsible for obtaining, verifying and maintaining all required information and the identity and address of each potential Customer, including, without limitation, any customer identification information required by the Applicable Laws and Rules, including, without limitation, the Bank Secrecy Act or the Patriot Act, and any regulation(s) promulgated thereunder. Correspondent shall be responsible for the main­tenance and retention of all account applications, and Correspondent hereby acknowledges its obligation to retain account applications in an easily-accessible place in accordance with the Applicable Laws and Rules and agrees to provide the original application to Ridge by overnight delivery within 24 hours of a request from Ridge. All account documentation shall be on the forms provided by Ridge for that purpose, or, alternatively, prepared by Correspondent at its expense and pre-approved in writing by Ridge (which approval will not be unreasonably withheld), in either case in a format compatible with Ridge’s computerized accounting and records maintenance systems. In accordance with Ridge’s procedures, Correspondent shall notify Ridge promptly of any changes or corrections in any information, instructions or doc­uments previously forwarded to Ridge. Correspondent shall be solely and exclusively responsible for obtaining, updating, and maintaining current and correct customer addresses and other customer information, and Ridge may for all purposes rely, without verification, on the accuracy of such addresses and all other information and docu­ments furnished by Correspondent to Ridge regarding any Customer Account. Correspondent shall be solely and exclusively responsible for complying with the requirements of Rule 15g-9 under the 1934 Act, if applicable. Correspondent shall also promptly furnish Ridge with such addi­tional information or documentation as Ridge may request from time to time.

Account Documentation. Correspondent shall be solely and exclusively responsible for obtaining, verifying and maintaining all required information and the identity and address of each potential Customer, including, without limitation, any customer identification information required by the Applicable Laws and Rules, including, without limitation, the Bank Secrecy Act or the Patriot Act, and any regulation(s) promulgated thereunder. Correspondent shall be responsible for the main­tenance maintenance and retention of all account applications, and Correspondent hereby acknowledges its obligation to retain account applications in an easily-accessible place in accordance with the Applicable Laws and Rules and agrees to provide the original application to Ridge by overnight delivery within 24 48 hours of a request from Ridge. All account documentation shall be on the forms provided by Ridge for that purpose, or, alternatively, prepared by Correspondent at its expense and pre-approved in writing by Ridge (which approval will not be unreasonably withheld)Ridge, in either case in a format compatible with Ridge’s computerized accounting and records maintenance systems. In accordance with Ridge’s procedures, Correspondent shall notify Ridge promptly of any changes or corrections in any information, instructions or doc­uments documents previously forwarded to Ridge. Correspondent shall be solely and exclusively responsible for obtaining, updating, and maintaining current and correct customer addresses and other customer information, and Ridge may for all purposes rely, without verification, on the accuracy of such addresses and all other information and docu­ments documents furnished by Correspondent to Ridge regarding any Customer Account. Correspondent shall be solely and exclusively responsible for complying with the requirements of Rule 15g-9 under the 1934 Act, if applicable. Correspondent shall also promptly furnish Ridge with such addi­tional additional information or documentation as Ridge may request from time to time.

Account Documentation. Clearing Broker acknowledges and agrees that it is subject to a variety of obligations (including, without limitation, certain review and reporting duties and other responsibilities listed in Exhibit B hereto) imposed upon it pursuant to the PATRIOT Act, the Bank Secrecy Act, The Currency and Foreign Transactions Reporting Act of 1970, and the rules and regulations issued or adopted in accordance therewith. Additionally, Correspondent shall be solely and exclusively responsible for obtaining, obtaining and verifying and maintaining all required information and the identity and address of each potential Customer, including, without limitation, any customer identification information required by Customer and for complying with all obligations applicable to the Applicable Laws opening of Accounts under the PATRIOT Act and Rules, including, without limitation, the Bank Secrecy Act or the Patriot Act, rules and any regulation(s) promulgated regulations adopted thereunder. Correspondent shall be responsible for the main­tenance maintenance and retention of all account applications, applications and Correspondent hereby acknowledges its obligation to retain account applications in an easily-easily accessible place in accordance with the Applicable Laws and Rules and agrees to provide a copy of the original application to Ridge Clearing Broker (except that Correspondent shall provide originals of any documents to which Clearing Broker is a direct party including, without limitation, the margin agreement) by overnight delivery within 24 hours of a request from RidgeClearing Broker, or as otherwise agreed. All account documentation shall be on the forms provided by Ridge Clearing Broker for that purpose, or, alternatively, prepared by Correspondent at its expense and pre-approved in writing by Ridge (which approval will not be unreasonably withheld)Clearing Broker, in either case in a format compatible with Ridge’s Clearing Broker's computerized accounting and records maintenance systems. In accordance with Ridge’s Clearing Broker's procedures, Correspondent shall notify Ridge Clearing Broker promptly of any changes or corrections in any information, instructions or doc­uments documents previously forwarded to RidgeClearing Broker. Correspondent shall be solely and exclusively responsible for obtaining, updatingupdating and maintaining correct customer addresses, and maintaining current and correct customer addresses and other customer information, and Ridge Clearing Broker may for all purposes rely, without verification, on the accuracy of such addresses and all other information and docu­ments documents furnished by Correspondent to Ridge Clearing Broker regarding any Customer Account. Correspondent shall be solely and exclusively responsible for complying with the requirements of Rule 15g-9 under the 1934 Act, if applicable. Correspondent also shall also promptly furnish Ridge Clearing Broker with such addi­tional additional information or documentation as Ridge Clearing Broker may request from time to time.