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

No Reliance on Agent’s Customer Identification Program. To the extent the Advances or this Agreement is, or becomes, syndicated in cooperation with other Lenders, each Lender acknowledges and agrees that neither such Xxxxxx, nor any of its Affiliates, participants or assignees, may rely on Agent to carry out such Xxxxxx’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the 153 [PHI Group] Revolving Credit, Term Loan and Security Agreement 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 Borrowers, their Affiliates or their agents, the 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 Anti-Terrorism Laws.

Appears in 2 contracts

Samples: Loan and Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (PHI Group, Inc./De)

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No Reliance on Agent’s Customer Identification Program. To the extent the Advances or this Agreement is, or becomes, syndicated in cooperation with other LendersCash Collateral Providers, each Lender Cash Collateral Provider acknowledges and agrees that neither such XxxxxxCash Collateral Provider, nor any of its Affiliates, participants or assignees, may rely on Agent to carry out such XxxxxxCash Collateral Provider’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the 153 [PHI Group] Revolving Credit, Term Loan and Security Agreement USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended amended, modified, supplemented 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 BorrowersLoan Parties, their Affiliates or their agents, the 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 Anti-Terrorism Laws. 14.13.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.)

No Reliance on Agent’s Customer Identification Program. (a) To the extent the Advances or this Agreement is, or becomes, syndicated in cooperation with other Lenders, each Lender acknowledges and agrees that neither such XxxxxxLender, nor any of its Affiliates, participants or assignees, may rely on Agent to carry out such Xxxxxx’sLender's, Affiliate’s's, participant’s 's or assignee’s 's customer identification program, or other obligations required or imposed under or pursuant to the 153 [PHI Group] Revolving Credit, Term Loan and Security Agreement USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended amended, modified, supplemented or replaced, the “CIP Regulations”), or any other Anti-Terrorism Anti‑Terrorism Law, including any programs involving any of the following items relating to or in connection with any of Borrowersthe Loan Parties, their 123 074658.18062/111245555v.10 Affiliates or their agents, the 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 Anti-Terrorism Laws.

Appears in 1 contract

Samples: Security Agreement (Perma-Pipe International Holdings, Inc.)

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No Reliance on Agent’s Customer Identification Program. To the extent the Advances or this Agreement is, or becomes, syndicated in cooperation with other LendersCash Collateral Providers, each Lender Cash Collateral Provider acknowledges and agrees that neither such XxxxxxCash Collateral Provider, nor any of its Affiliates, participants or assignees, may rely on Agent to carry out such XxxxxxCash Collateral Provider’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the 153 [PHI Group] Revolving Credit, Term Loan and Security Agreement USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended amended, modified, supplemented 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 BorrowersLoan Parties, their Affiliates or their agents, the 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 Anti-Terrorism Laws.

Appears in 1 contract

Samples: And (Babcock & Wilcox Enterprises, Inc.)

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