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, Transferees or assignees; may rely on any Agent to carry out such Lender’s, Affiliate’s, Participant’s, Transferee’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 Borrower, its Subsidiaries, Affiliates or its agents, the Credit Documents or the transactions hereunder: (1) any identity verification procedures, (2) any recordkeeping, (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 3 contracts

Samples: Credit Agreement (Ryerson Holding Corp), Credit Agreement (Ryerson Inc.), Credit Agreement (J.M. Tull Metals Company, Inc.)

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No Reliance on Agent’s Customer Identification Program. Each Lender Bank and Issuing Bank acknowledges and agrees that neither such LenderBank, Issuing Bank, nor any of its Affiliates, Participants, Transferees participants or assignees; , may rely on any the Agent to carry out such LenderBank’s, Issuing Bank’s, Affiliate’s, Participant’s, Transfereeparticipant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA PATRIOT Patriot Act or the, 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 Borrowerof the Loan Parties, its Subsidiaries, their Affiliates or its their agents, the Credit Loan Documents or the transactions hereunderhereunder or contemplated hereby: (1) any identity verification procedures, (2) any recordkeeping, (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 2 contracts

Samples: Revolving Credit Facility (Triumph Group Inc), Revolving Credit Facility (Triumph Group Inc)

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No Reliance on Agent’s Customer Identification Program. Each Lender of the Lenders and the Issuer acknowledges and agrees that neither such LenderLender nor the Issuer, nor any of its their Affiliates, Participants, Transferees participants or assignees; , may rely on any the Agent to carry out such Lender’s, Issuer’s, Affiliate’s, Participant’s, Transfereeparticipant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA PATRIOT Patriot Act or the, 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 Borrowerof the Loan Parties, its Subsidiaries, 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 recordkeepingrecord 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 and Security Agreement (Radnor Holdings Corp)

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