BORROWERS IDENTIFICATION PROCEDURES Clause Samples
BORROWERS IDENTIFICATION PROCEDURES. 27.1 If:
(i) the entry into force or the modification of a law or regulation (or a change in the interpretation or the application of a law or regulation) subsequent to the date of the present agreement;
(ii) a change in the status or the share ownership of a Borrower subsequent to the Restatement Date; or
(iii) an assignment or transfer contemplated by a Lender of its rights and obligations under the present agreement to a party which is not already a Lender obliges the Lenders’ Agent or a Lender (or, in the hypothesis of paragraph (iii) above, the new potential Lender) to conform to borrowers identification procedures and it does not already hold the necessary information, each Borrower will, upon the request of the Lenders’ Agent or of the Lender in question, provide without delay or make sure to be provided, any documentation or other evidence reasonably requested by the Lenders’ Agent (on its own behalf or on behalf of a Lender) or by such Lender (on its own behalf or, in the hypothesis described in paragraph (iii) above, on behalf of the new potential Lender) in order for the Lenders’ Agent, the relevant Lender, or in the hypothesis described in paragraph (iii) above, the new potential Lender, to be able to accomplish and consider that it has satisfactorily carried out the borrowers identification procedures required pursuant to the applicable laws and regulations, in light of the transactions contemplated in the Agreement.
27.2 Each Lender will on the request of the Lenders’ Agent provide without delay or make sure to be provided, any documentation or other evidences reasonably requested by the Lenders’ Agent (on its own behalf or on behalf of a Lender) in order for the Lenders’ Agent to be able to accomplish and to consider that it has satisfactorily carried out the borrowers identification procedures required pursuant to the applicable laws and regulations, in light of the transactions contemplated in the Agreement.
BORROWERS IDENTIFICATION PROCEDURES. 27.1 If:
(i) the entry into force or the modification of a law or regulation (or a change in the interpretation or the application of a law or regulation) subsequent to the date of the present agreement;
(ii) a change in the status or the share ownership of a Borrower subsequent to the Restatement Date; or
(iii) an assignment or transfer contemplated by a Bank of its rights and obligations under the present agreement to a party which is not already a Bank obliges the Financial Agent or a Bank (or, in the hypothesis of paragraph (iii) above, the new potential bank) to conform to borrowers identification procedures and it does not already hold the necessary information, each Borrower will, upon the Financial Agent’s or the Bank’s request, provide without delay or make sure to be provided, any documentation or other evidence reasonably requested by the Financial Agent (on its own behalf or on behalf of a Bank) or by such Bank (on its own behalf or, in the hypothesis described in paragraph (iii) above, on behalf of the new potential Bank) in order for the Financial Agent, the relevant Bank, or in the hypothesis described in paragraph (iii) above, the new potential Bank, to be able to accomplish and consider that it has satisfactorily carried out the borrowers identification procedures required pursuant to the applicable laws and regulations, in light of the transactions contemplated in the Agreement.
27.2 Each Bank will on the Financial Agent’s request provide without delay or make sure to be provided, any documentation or other evidences reasonably requested by the Financial Agent (on its own behalf or on behalf of a Bank) in order for the Financial Agent to be able to accomplish and to consider that it has satisfactorily carried out the borrowers identification procedures required pursuant to the applicable laws and regulations, in light of the transactions contemplated in the Agreement.