Common use of Compliance with Applicable Law and Regulations Clause in Contracts

Compliance with Applicable Law and Regulations. The parties hereto agree to comply with all federal, state and local law to the extent that it is applicable to the performance of this Agreement including all laws and regulations related to the providers of the financial services offered by the Bank and all laws and regulations related to the protection and security of any personal information gathered by the Bank, such as the Gramm Xxxxx Xxxxxx Act and the Family Educational Rights and Privacy Act. For purposes of this Agreement, University will be considered the “issuer” of the VCU Card used as the University ID card, except to the extent the VCU Card is used to perform electronic funds transfers to or from any Xxxxx Fargo Bank Account, in which case Bank will be considered the “issuer.” Bank will not be responsible to University or any VCU Card holder for any liability arising from University’s “issuer” responsibilities. Bank will be considered the “issuer” of the VCU Card as it pertains to electronic funds transfers to or from any Xxxxx Fargo Bank Account and to the performance of any other financial transactions involving a Xxxxx Fargo Bank Account. Bank will be responsible to the VCU Card holder for any unauthorized or erroneous transaction involving the Xxxxx Fargo Bank Account to the extent provided for under federal Regulation E (12 C.F.R. 1005.1, et seq.), to the extent applicable. University will not be responsible to Bank or to any VCU Card holder for any liability arising from Bank’s issuer responsibilities or for losses to any Xxxxx Fargo Bank Account; provided however, that nothing herein will exonerate University from any unauthorized or erroneous transactions or losses involving a Xxxxx Fargo Bank Account caused by University. In connection with the direct deposit of guaranteed student loan disbursements and other student financial aid or other University disbursements into the Xxxxx Fargo Bank Accounts, if any, University will comply with all applicable laws and regulations.

Compliance with Applicable Law and Regulations. The parties hereto agree to comply with all federal, state and local law to the extent that it is applicable to the performance of this Agreement including all laws and regulations related to the providers of the financial services offered by the Bank and all laws and regulations related to the protection and security of any personal information gathered by the Bank, such as the Gramm Xxxxx Xxxxxx Act and the Family Educational Rights and Privacy Act. For purposes of this Agreement, University will be considered the “"issuer” " of the VCU Card WolfCard used as the University ID card, except to the extent the VCU Card WolfCard is used to perform electronic funds transfers to or from any Xxxxx Fargo WolfCard Bank Account, in which case Bank will be considered the “"issuer.” " Bank will not be responsible to University or any VCU Card WolfCard holder for any liability arising from University’s “'s "issuer” " responsibilities. Bank will be considered the “"issuer” " of the VCU Card WolfCard as it pertains to electronic funds transfers to or from any Xxxxx Fargo WolfCard Bank Account and to the performance of any other financial transactions involving a Xxxxx Fargo WolfCard Bank Account. Bank will be responsible to the VCU Card WolfCard holder for any unauthorized or erroneous transaction involving the Xxxxx Fargo WolfCard Bank Account to the extent provided for under federal Regulation E (12 C.F.R. 1005.1205.1, et seq.), to the extent applicable. University will not be responsible to Bank or to any VCU Card WolfCard holder for any liability arising from Bank’s 's issuer responsibilities or for losses to any Xxxxx Fargo WolfCard Bank Account; provided however, that nothing herein will exonerate University from any unauthorized or erroneous transactions or losses involving a Xxxxx Fargo WolfCard Bank Account caused by University. In connection with the direct deposit of guaranteed student loan disbursements and other student financial aid or other University disbursements into the Xxxxx Fargo WolfCard Bank Accounts, if any, University will comply with all applicable laws and regulations.

Compliance with Applicable Law and Regulations. The parties hereto agree to comply with all federal, state and local law to the extent that it is applicable to the performance of this Agreement Agreement, including all laws and regulations related to the providers of the financial services offered by the Bank and all laws and regulations related to the protection and security of any personal information gathered by the University or the Bank, such as the Gramm Xxxxx Xxxxx-Xxxxx-Xxxxxx Act Act, the Payment Card Industry Data Security Standards, and the Family Educational Rights and Privacy Act. For purposes of this Agreement, University will be considered the “issuer” of the VCU Card used as the University ID card, except to the extent the VCU Card is used to perform electronic funds transfers to or from any Xxxxx Fargo Bank Account, in which case Bank will be considered the “issuer.” Bank will not be responsible to University or any VCU Card holder for any liability arising from University’s “issuer” responsibilities. Bank will be considered the “issuer” of the VCU Affinity Debit Card as it pertains to electronic funds fund transfers to or from any Xxxxx Fargo Affinity Debit Card Bank Account and to in the performance of any other financial transactions involving a Xxxxx Fargo an Affinity Debit Card Bank Account. Bank will be responsible to the VCU Affinity Debit Card holder for any unauthorized or erroneous transaction involving the Xxxxx Fargo Affinity Debit Card Bank Account to the extent provided for under federal Regulation E (12 C.F.R. 1005.1, et seq.), to the extent applicable. University will not be responsible to Bank or to any VCU Affinity Debit Card holder for any liability arising from Bank’s issuer responsibilities or for losses to any Xxxxx Fargo Affinity Debit Card Bank Account; provided provided, however, that nothing herein will exonerate University from any unauthorized or erroneous transactions or losses involving a Xxxxx Fargo an Affinity Debit Card Bank Account caused by University. In connection with the direct deposit of guaranteed student loan disbursements and other student financial aid or other University disbursements into the Xxxxx Fargo Affinity Debit Card Bank Accounts, if any, University will comply with all applicable laws and regulations.

Compliance with Applicable Law and Regulations. The parties hereto agree to comply with all federal, state and local law to the extent that it is applicable to the entry and performance of this Agreement including all laws and regulations related to the providers of the financial services offered by the Bank and all laws and regulations related to the protection and security of any personal information gathered by the Bank, such as the Gramm Xxxxx Xxxxxx Act and the Family Educational Education Rights and Privacy Act. For purposes of this Agreement, University will be considered the “issuer” of the VCU Card used as the University ID card, except to the extent the VCU Card is used to perform electronic funds transfers to or from any Xxxxx Fargo Bank Account, in which case Bank will be considered the “issuer.” Bank will not be responsible to University or any VCU Card holder for any liability arising from University’s “issuer” responsibilities. Bank will be considered the “issuer” of the VCU Affinity Debit Card as it pertains to electronic funds transfers to or from any Xxxxx Fargo Card Bank Account and to the performance of any other financial transactions involving a Xxxxx Fargo Affinity Debit Card Bank Account. Bank will be responsible to the VCU Affinity Debit Card holder for any unauthorized or erroneous transaction involving the Xxxxx Fargo Affinity Debit Card Bank Account to the extent provided for under federal Regulation E (12 C.F.R. 1005.1205.1, et seq.), to the extent applicable. University will not be responsible to Bank or to any VCU Affinity Debit Card holder for any liability arising from Bank’s issuer responsibilities or for losses to any Xxxxx Fargo Affinity Debit Card Bank Account; provided however, that nothing herein will exonerate University from any unauthorized or erroneous transactions or losses involving a Xxxxx Fargo Affinity Debit Card Bank Account caused by University. In connection with the direct deposit of guaranteed student loan disbursements and other student financial aid or other University disbursements into the Xxxxx Fargo Affinity Debit Card Bank Accounts, if any, University will comply with all applicable laws and regulations.