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

No Reliance on Agent’s Customer Identification Program. Each Lender acknowledges and agrees that neither such Lender, nor any of its affiliates, Participants or Assignees, may rely on Agent to carry out such Lender'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-Terrorism Law, including any programs involving any of the following items relating to or in connection with the Borrowers, their Affiliates or its agents, the Credit Documents or the transactions hereunder: (1) any identity verification procedures, (2) any record keeping, (3) any comparisons with government lists, (4) any customer notices or (5) any other procedures required under the CIP Regulations or such other laws.

Appears in 1 contract

Samples: Credit Agreement (World Air Holdings, Inc.)

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No Reliance on Agent’s Customer Identification Program. Each Lender acknowledges and agrees that neither such Lender, nor any of its affiliatesAffiliates, Participants participants or Assigneesassignees, may rely on Agent to carry out such Lender'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-Terrorism Law, including any programs involving any of the following items relating to or in connection with the Borrowers, their Affiliates or its their agents, this Agreement, the Credit Other Documents or the transactions hereunderhereunder or contemplated hereby: (1) any identity verification procedures, (2) any record record-keeping, (3) any comparisons with government lists, (4) any customer notices or (5) any other procedures required under the CIP Regulations or such other laws.

Appears in 1 contract

Samples: Revolving Credit (Teamstaff Inc)

No Reliance on Agent’s Customer Identification Program. Each Lender acknowledges and agrees that neither such Lender, nor any of its affiliatesAffiliates, Participants participants or Assigneesassignees, may rely on the Agent to carry out such Lender'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-Terrorism Law, including any programs involving any of the following items relating to or in connection with the Borrowersany Borrower, their its Affiliates or its agents, this Agreement, the Credit Other Documents or the transactions hereunderhereunder or contemplated hereby: (1) any identity verification procedures, (2) any record record-keeping, (3) any comparisons with government lists, (4) any customer notices or (5) any other procedures required under the CIP Regulations or such other laws.

Appears in 1 contract

Samples: Security Agreement (Brightstar Corp.)

No Reliance on Agent’s Customer Identification Program. Each Lender acknowledges and agrees that neither such Lender, nor any of its affiliatesAffiliates, Participants participants or Assigneesassignees, may rely on Agent to carry out such Lender'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-Terrorism Law, including any programs involving any of the following items relating to or in connection with any of the Borrowersparties to this Agreement, their Affiliates or its their agents, the Credit Documents or the transactions hereunderhereunder or contemplated hereby: (1) any identity verification procedures, (2) any record keepingrecordkeeping, (3) any comparisons with government lists, (4) any customer notices or (5) any other procedures required under the CIP Regulations or such other laws.

Appears in 1 contract

Samples: Security Agreement (Robotic Vision Systems Inc)

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No Reliance on Agent’s Customer Identification Program. Each Lender acknowledges and agrees that neither such Lender, nor any of its affiliatesAffiliates, Participants participants or Assigneesassignees, may rely on the Paying Agent or any Co-Administrative Agent to carry out such Lender'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-Terrorism Law, including any programs involving any of the following items relating to or in connection with any of the BorrowersLoan Parties, their Affiliates or its their agents, the Credit Loan Documents or the transactions hereunderhereunder or contemplated hereby: (1) any identity verification procedures, (2) any record keepingrecordkeeping, (3) any comparisons with government lists, (4) any customer notices or (5) any other procedures required under the CIP Regulations or such other lawsLaws.

Appears in 1 contract

Samples: Credit Agreement (Consol Energy Inc)

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