Bank Regulations Clause Samples

Bank Regulations. (a) Each Loan Party shall have provided to the Lenders no less than three (3) Business Days prior to the Closing Date the documentation and other information that are reasonably requested by the Lenders no later than 10 days prior to the Closing Date under the applicable “know-your-customer” rules and regulations, including, without limitation, the PATRIOT Act and (b) at least three days prior to the Closing Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall deliver a Beneficial Ownership Certification in relation to such Loan Party, which such Beneficial Ownership Certification shall be complete and accurate in all respects.

Bank Regulations. Administrative Agent shall have received all documentation and other information with respect to Borrower reasonably requested prior to the Closing Date that is required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the PATRIOT Act and the Beneficial Ownership Regulation, and all such documentation and other information shall be in form and substance reasonably satisfactory to the Administrative Agent, which shall include, for the avoidance of doubt, a duly executed Internal Revenue Service Form W-9. As of the Closing Date, the information included in the Beneficial Ownership Certification with respect to any beneficial owner of Borrower is true and correct in all material respects.

Bank Regulations. Collateral Agent shall have received all documentation and other information reasonably requested that is required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the PATRIOT Act, and all such documentation and other information shall be in form and substance satisfactory to Collateral Agent. Each Lender, by delivering its signature page to this Agreement and funding a Loan on the Closing Date, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be approved by any Agent, Required Lenders, or Lenders, as applicable, on the Closing Date.

Bank Regulations. The Administrative Agent and the Noteholders shall have received all documentation and other information reasonably requested by such Person at least three (3) Business Days prior to the Closing Date that is required by such Person to satisfy any administrative or regulatory requirements, including as required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the PATRIOT Act, and all such documentation and other information shall be in form and substance reasonably satisfactory to the Administrative Agent or such Noteholder.

Bank Regulations. Collateral Agent and each Investor shall have received a duly executed Internal Revenue Service Form W-9 (or other applicable Tax forms) and all documentation and other information reasonably requested at least three (3) Business Days prior to the Closing Date that is required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Patriot Act, and all such documentation and other information shall be in form and substance reasonably satisfactory to Collateral Agent and the Investors, as applicable.

Bank Regulations. The Bank continues to hold a valid charter to do business as a nationally-chartered banking association; the Bank is well capitalized according to the capital standards set forth by the Office of the Comptroller of the Currency (“OCC”) and the Federal Deposit Insurance Corporation (“FDIC”). The Bank has complied, in all material respects, with all applicable rules and regulations of the OCC, the Office of Thrift Supervision (“OTS”), FDIC and the Board of Governors of the Federal Reserve System (“Federal Reserve”).

Bank Regulations. Each of the Banks continues to hold a valid charter to do business as an Arkansas state bank or Florida state bank, as the case may be; each of the Banks is well capitalized according to the capital standards set forth by the Federal Deposit Insurance Corporation (the “FDIC”) or the Federal Reserve Board, as the case may be, and the activities of each of the Subsidiaries are permissible for subsidiaries of a bank holding company.

Bank Regulations. Agent and each Lender shall have received (A) a Certificate of Beneficial Ownership, in form and substance acceptable to the Agent and each Lender, and (B) all documentation and other information reasonably requested by it that is required by bank regulatory authorities under applicable “know-your-customer” or other Anti-Terrorism Laws and all such documentation and other information shall be in form and substance reasonably satisfactory to Agent or such requesting Lender, as applicable.

Bank Regulations. Agent and Service Agent shall have received all documentation and other information reasonably requested that is required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Patriot Act, and all such documentation and other information shall be in form and substance reasonably satisfactory to the Agent and Service Agent. Each Lender, by delivering its signature page to this Agreement and funding a Loan on the Closing Date, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be approved by Agent, Service Agent, Required Lenders or Lenders, as applicable, on the Closing Date.