Common use of Account Opening Information Clause in Contracts

Account Opening Information. With respect to accounts opened in the United States of America, to help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. Prior to the escrow account opening, the Escrow Agent shall require, and Buyer and Sellers each agree to provide, certain information required by law for identification purposes.

Appears in 1 contract

Samples: Membership Interests Purchase Agreement (RadNet, Inc.)

AutoNDA by SimpleDocs

Account Opening Information. With respect to accounts opened in the United States of America, to help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. Prior to the escrow account openingopening of the Indemnification Escrow Account, the Adjustment Escrow Account or the Identified Tax Matters Escrow Acount, the Escrow Agent shall require, and Buyer the Purchaser and Sellers each the Representative agree to provide, certain information required by law for identification purposes.

Appears in 1 contract

Samples: Stock Purchase Agreement (A-Mark Precious Metals, Inc.)

AutoNDA by SimpleDocs

Account Opening Information. With respect to (a) For accounts opened in the United States of America, to U.S.: To help the government fight the funding of terrorism and money laundering activities, federal Federal law requires all financial institutions to obtain, verify verify, and record information that identifies each person who opens an account. Prior to the escrow When an account openingis opened, the Escrow Agent shall require, and Buyer and Sellers each agree will request information that will allow it to provide, certain information required by law for identification purposesidentify relevant parties.

Appears in 1 contract

Samples: Merger Agreement (Audiocodes LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!