Common use of Bank Regulations Clause in Contracts

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.

Appears in 6 contracts

Samples: Credit Agreement (B. Riley Financial, Inc.), Abl Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Franchise Group, Inc.)

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

Appears in 1 contract

Samples: Abl Credit Agreement (Franchise Group, Inc.)

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