Common use of Compliance with Patriot Act Clause in Contracts

Compliance with Patriot Act. (a) In order to comply with laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering, including the Customer Identification Program requirements established under the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Title III of Pub. L. 107 56 (signed into law October 26, 2001) and its implementing regulations, the Financial Crimes Enforcement Network’s (“FinCEN”) Customer Due Diligence Requirements and such other laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions (“Applicable Law”), the Grantor Trust Trustee is required to obtain, verify and record certain information relating to individuals and entities which establish or maintain a business relationship with the Grantor Trust Trustee. Accordingly, the Grantor Trust Seller shall cause to be provided to the Grantor Trust Trustee, upon its reasonable request from time to time such identifying information and documentation as may be available to the Grantor Trust Seller in order to enable the Grantor Trust Trustee to comply with Applicable Law.

Compliance with Patriot Act. (a) In order to comply with laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering, including the Customer Identification Program requirements established under the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Title III of Pub. L. 107 56 (signed into law October 26, 2001) and its implementing regulationsregulations (collectively, USA PATRIOT Act), the Financial Crimes Enforcement Network’s (“FinCEN”) Customer Due Diligence Requirements and such other laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions (“Applicable Law”), the Grantor Trust Trustee is required to obtain, verify and record certain information relating to individuals and entities which establish or maintain a business relationship with the Grantor Trust Trustee. Accordingly, the Grantor Trust Seller shall cause to be provided to the Grantor Trust Trustee, upon its reasonable request from time to time such identifying information and documentation as may be available to the Grantor Trust Seller in order to enable the Grantor Trust Trustee to comply with Applicable Law.