Common use of Applicable Anti-Money Laundering Law Clause in Contracts

Applicable Anti-Money Laundering Law. Pursuant to Applicable Anti-Money Laundering Law, the Owner Trustee is required to obtain on or before closing, and from time to time thereafter, documentation to verify and record information that identifies each person who opens an account. For a non-individual Person such as a business entity, a charity, a trust or other legal entity, the Owner Trustee will ask for documentation to verify the entity’s formation and existence, its financial statements, licenses, tax identification documents, identification and authorization documents from individuals claiming authority to represent the entity and other relevant documentation and information (including beneficial owners of such entities). To the fullest extent permitted by Applicable Anti-Money Laundering Law, the Owner Trustee may conclusively rely on, and shall be fully protected and indemnified in relying on, any such information received. Failure to provide such information may result in an inability of the Owner Trustee to perform its obligations hereunder, which, at the sole option of the Owner Trustee, may result in the Owner Trustee’s resignation in accordance with Section 10.02. In addition to the Owner Trustee's obligations under Applicable Anti-Money Laundering Law, the Corporate Transparency Act (31 U.S.C § 5336) and its implementing regulations (collectively, the "CTA" and together with Applicable Anti-Money Laundering Law, "AML Law"), may require the Trust to file reports with the U.S. Financial Crimes Enforcement Network. It shall be the Administrator’s duty and not the Owner Trustee’s duty to prepare such filings, cause the Issuer to make such filings, and to cause the Issuer to comply with its obligations under the CTA, if any. The parties hereto, and each Certificateholder, by virtue of its acceptance of a Certificate agree that, for purposes of AML Law, to the fullest extent permitted by law, the Certificateholders are the sole direct owners of the Issuer, acknowledge that the Owner Trustee acts solely as a directed trustee at the direction of the Certificateholders or Administrator or other instructing party as contemplated hereunder and that one or more Controlling Parties of the Certificateholders or Administrator or such other instructing party, are and shall deemed to be the parties with the power and authority to exercise substantial control over the Issuer.

Applicable Anti-Money Laundering Law. Pursuant to Applicable Anti-Money Laundering Law, the Owner Trustee is required to obtain on or before closingthe Closing Date, and from time to time thereafter, documentation to verify and record information that identifies each person who opens an account. For a non-individual Person person such as a business entity, a charity, a trust or other legal entity, the Owner Trustee will ask for documentation to verify the entity’s formation and existence, its financial statements, licenses, tax identification documents, identification and authorization documents from individuals claiming authority to represent the entity and other relevant documentation and information (including beneficial owners of such entities). To the fullest extent permitted by Applicable Anti-Money Laundering Law, the Owner Trustee may conclusively rely on, and shall be fully protected and indemnified in relying on, any such information received. Failure to provide such information may result in an inability of the Owner Trustee to perform its obligations hereunder, which, at the sole option of the Owner Trustee, may result in the Owner Trustee’s resignation in accordance with Section 10.02. In addition to the Owner Trustee's obligations under Applicable Anti-Money Laundering Law, Law the Corporate Transparency Act (31 U.S.C § 5336) and its implementing regulations (collectively, the "CTA" and together with Applicable Anti-Money Laundering LawLaw , "AML Law"), may require the Trust to file reports with the U.S. Financial Crimes Enforcement Network. It shall be the AdministratorDepositor’s duty and not the Owner Trustee’s duty to prepare such filings, cause the Issuer Trust to make such filings, and to cause the Issuer Trust to comply with its obligations under the CTA, if any. The parties hereto, and each Certificateholder, by virtue of its acceptance of a Certificate hereto agree that, that for purposes of Applicable AML Law, (a) the Depositor is and shall be deemed to the fullest extent permitted by law, the Certificateholders are be the sole direct owners beneficial owner of the Issuer, acknowledge that Issuer (Ownership Prong) and (b) the Owner Trustee acts solely as a directed trustee at the direction of the Certificateholders or Administrator or other instructing party as contemplated hereunder and that one or more Controlling Parties of the Certificateholders or Administrator or such other instructing party, are Depositor is and shall deemed to be the parties party with the power and authority to exercise substantial control over the Issuer.Issuer (Control Prong). ARTICLE EIGHT

Applicable Anti-Money Laundering Law. Pursuant to Applicable Anti-Money Laundering Law, the Owner Trustee is required to obtain on or before closingthe Closing Date, and from time to time thereafter, documentation to verify and record information that identifies each person who opens an account. For a non-individual Person person such as a business entity, a charity, a trust or other legal entity, the Owner Trustee will ask for documentation to verify the entity’s formation and existence, its financial statements, licenses, tax identification documents, identification and authorization documents from individuals claiming authority to represent the entity and other relevant documentation and information (including beneficial owners of such entities). To the fullest extent permitted by Applicable Anti-Money Laundering Law, the Owner Trustee may conclusively rely on, and shall be fully protected and indemnified in relying on, any such information received. Failure to provide such information may result in an inability of the Owner Trustee to perform its obligations hereunder, which, at the sole option of the Owner Trustee, may result in the Owner Trustee’s resignation in accordance with Section 10.02. In addition to the Owner Trustee's ’s obligations under Applicable Anti-Money Laundering Law, Law the Corporate Transparency Act (31 U.S.C § 5336) and its implementing regulations (collectively, the "“CTA" ” and together with Applicable Anti-Money Laundering LawLaw , "“AML Law"”), may require the Trust to file reports with the U.S. Financial Crimes Enforcement Network. It shall be the AdministratorDepositor’s duty and not the Owner Trustee’s duty to prepare such filings, cause the Issuer Trust to make such filings, and to cause the Issuer Trust to comply with its obligations under the CTA, if any. The parties hereto, and each Certificateholder, by virtue of its acceptance of a Certificate hereto agree that, that for purposes of Applicable AML Law, (a) the Depositor is and shall be deemed to the fullest extent permitted by law, the Certificateholders are be the sole direct owners beneficial owner of the Issuer, acknowledge that Issuer (Ownership Prong) and (b) the Owner Trustee acts solely as a directed trustee at the direction of the Certificateholders or Administrator or other instructing party as contemplated hereunder and that one or more Controlling Parties of the Certificateholders or Administrator or such other instructing party, are Depositor is and shall deemed to be the parties party with the power and authority to exercise substantial control over the Issuer.Issuer (Control Prong). ARTICLE EIGHT

Applicable Anti-Money Laundering Law. Pursuant to Applicable Anti-Money Laundering Law, the Owner Trustee is required to obtain on or before closingthe Closing Date, and from time to time thereafter, documentation to verify and record information that identifies each person who opens an account. For a non-individual Person such as a business entity, a charity, a trust or other legal entity, the Owner Trustee will ask for documentation to verify the entity’s formation and existence, its financial statements, licenses, tax identification documents, identification and authorization documents from individuals claiming authority to represent the entity and other relevant documentation and information (including beneficial owners of such entities). To the fullest extent permitted by Applicable Anti-Money Laundering Law, the Owner Trustee may conclusively rely on, and shall be fully protected and indemnified in relying on, any such information received. Failure to provide such information may result in an inability of the Owner Trustee to perform its obligations hereunder, which, at the sole option of the Owner Trustee, may result in the Owner Trustee’s resignation in accordance with Section 10.02. In addition to the Owner Trustee's obligations under Applicable Anti-Money Laundering Law, the Corporate Transparency Act (31 U.S.C § 5336) and its implementing regulations (collectively, the "“CTA" ” and together with Applicable Anti-Money Laundering Law, "“AML Law"”), may require the Trust to file reports with the U.S. Financial Crimes Enforcement Network. It shall be the Administrator’s duty and not the Owner Trustee’s duty to prepare such filings, cause the Issuer Trust to make such filings, and to cause the Issuer Trust to comply with its obligations under the CTA, if any. The parties hereto, and each Certificateholder, by virtue of its acceptance of a Certificate agree that, for purposes of AML Law, to the fullest extent permitted by law, the Certificateholders are the sole direct owners of the IssuerTrust, acknowledge that the Owner Trustee acts solely as a directed trustee at the direction of the Certificateholders or Administrator or other instructing party as contemplated hereunder and that one or more Controlling Parties of the Certificateholders or Administrator or such other instructing party, are and shall deemed to be the parties with the power and authority to exercise substantial control over the Issuer.Trust. ARTICLE EIGHT