Common use of No Reliance on Administrative Agent’s Customer Identification Program Clause in Contracts

No Reliance on Administrative Agent’s Customer Identification Program. Each Purchaser Party acknowledges and agrees that neither such Purchaser Party, nor any of its Affiliates, participants or assignees, may rely on the Administrative Agent to carry out such Purchaser Party’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Money Laundering Law, any Anti-Corruption Law or any International Trade Law, including any programs involving any of the following items relating to or in connection with any of the Seller-Related Parties, their Affiliates or their agents, the Transaction Documents or the transactions hereunder or contemplated hereby: (i) any identity verification procedures, (ii) any recordkeeping, (iii) comparisons with government lists, (iv) customer notices or (v) other procedures required under the CIP Regulations or such other applicable Laws.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Fortrea Holdings Inc.), Receivables Purchase Agreement (Vestis Corp)

AutoNDA by SimpleDocs

No Reliance on Administrative Agent’s Customer Identification Program. Each Purchaser Party acknowledges and agrees that neither such Purchaser Party, nor any of its Affiliates, participants or assignees, may rely on the Administrative Agent to carry out such Purchaser Party’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Money Laundering Law, Terrorism Law or any Anti-Corruption Law or any International Trade Law, including any programs involving any of the following items relating to or in connection with any of the SellerSPV Entity-Related Parties, their Affiliates or their agents, the Transaction Documents or the transactions hereunder or contemplated hereby: (i) any identity verification procedures, (ii) any recordkeeping, (iii) comparisons with government lists, (iv) customer notices or (v) other procedures required under the CIP Regulations or such other applicable Laws.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Rackspace Technology, Inc.)

No Reliance on Administrative Agent’s Customer Identification Program. Each Purchaser Party To the extent the Loans or this Agreement is, or becomes, syndicated in cooperation with other Lenders, each Lender acknowledges and agrees that neither such Purchaser PartyLender, nor any of its Affiliates, participants or assignees, may rely on the Administrative any Agent to carry out such Purchaser PartyLender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Money Laundering Law, any Anti-Corruption Law or any International Trade Terrorism Law, including any programs involving any of the following items relating to or in connection with any of the Seller-Related Loan Parties, their Affiliates or their agents, the Transaction Loan Documents or the transactions hereunder or thereunder or contemplated herebyhereby or thereby: (i) any identity verification procedures, (ii) any recordkeeping, (iii) comparisons with government lists, (iv) customer notices or (v) other procedures required under the CIP Regulations or such other applicable Anti-Terrorism Laws.

Appears in 1 contract

Samples: Term Loan Credit and Guaranty Agreement (New Enterprise Stone & Lime Co., Inc.)

AutoNDA by SimpleDocs

No Reliance on Administrative Agent’s Customer Identification Program. Each Purchaser Party To the extent the this Agreement is, or becomes, syndicated in cooperation with other Lenders, each Lender acknowledges and agrees that neither such Purchaser PartyLender, nor any of its Affiliates, participants or assignees, may rely on the Administrative Agent to carry out such Purchaser PartyLender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any Sanctions or other Anti-Money Laundering Law, any Anti-Corruption Law or any International Trade Law, including any programs involving any of the following items relating to or in connection with any of the Seller-Related PartiesBorrowers, their Affiliates or their agents, the Transaction Other Documents or the transactions hereunder or contemplated hereby: (i) any identity verification procedures, (ii) any recordkeeping, (iii) comparisons with government lists, (iv) customer notices or (v) other procedures required under the CIP Regulations or such other applicable Sanctions or Anti-Corruption Laws.

Appears in 1 contract

Samples: Credit Agreement (American Eagle Outfitters Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.