Common use of Patriot Act Disclosure Clause in Contracts

Patriot Act Disclosure. Section 326 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (“USA PATRIOT Act”) requires the Earnout Escrow Agent to implement reasonable procedures to verify the identity of any person that opens a new account with it. Accordingly, the Parties acknowledge that Section 326 of the USA PATRIOT Act and the Earnout Escrow Agent’s identity verification procedures require the Earnout Escrow Agent to obtain applicable information which is required to confirm the Parties’ identity including without limitation name, address and organizational documents (“identifying information”). The Parties agree to provide the Earnout Escrow Agent with and consent to the Earnout Escrow Agent obtaining from third parties any such identifying information required as a condition of opening an account with or using any service provided by the Earnout Escrow Agent for the purposes of this Agreement.

Appears in 2 contracts

Samples: Business Combination Agreement (StoneBridge Acquisition Corp.), Business Combination Agreement (Amplitude Healthcare Acquisition Corp)

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Patriot Act Disclosure. Section 326 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (“USA PATRIOT Act”) requires the Earnout Escrow Agent to implement reasonable procedures to verify the identity of any person that opens a new account with it. Accordingly, each of the Parties acknowledge parties acknowledges that Section 326 of the USA PATRIOT Act and the Earnout Escrow Agent’s identity verification procedures require the Earnout Escrow Agent to obtain applicable information which is required may be used to confirm the Parties’ identity of such party, including without limitation such party’s name, address and organizational documents (“identifying information”). The Parties agree Each party agrees to provide the Earnout Escrow Agent with and consent to the Earnout Escrow Agent obtaining from third parties any such identifying information required as a condition of opening an account with or using any service provided by the Earnout Escrow Agent for the purposes of this AgreementAgent.

Appears in 1 contract

Samples: Share Escrow Agreement (SRIVARU Holding LTD)

Patriot Act Disclosure. Section 326 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (the “USA PATRIOT Act”) requires the Earnout Escrow Agent to implement reasonable procedures to verify the identity of any person that opens a new account with it. Accordingly, the Merger Parties acknowledge that Section 326 of the USA PATRIOT Act and the Earnout Escrow Agent’s identity verification procedures require the Earnout Escrow Agent to obtain applicable information which is required may be used to confirm the Merger Parties’ identity including including, without limitation limitation, name, address and organizational documents (collectively, identifying informationIdentifying Information”). The Merger Parties agree to provide the Earnout Escrow Agent with and consent to the Earnout Escrow Agent obtaining from third parties any such identifying information Identifying Information required as a condition of opening an account with or using any service provided by the Earnout Escrow Agent for the purposes of this AgreementAgent.

Appears in 1 contract

Samples: Merger Agreement (WashingtonFirst Bankshares, Inc.)

Patriot Act Disclosure. Section 326 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (“USA PATRIOT Act”) requires the Earnout Escrow Agent to implement reasonable procedures to verify the identity of any person that opens a new account with it. Accordingly, the Parties parties each acknowledge that Section 326 of the USA PATRIOT Act and the Earnout Escrow Agent’s identity verification procedures require the Earnout Escrow Agent to obtain applicable information which is required may be used to confirm the PartiesIssuer, Falcon’s and the Earnout Participants’ identity including without limitation name, address and organizational documents (“identifying information”). The Parties Issuer, Falcon’s and the Earnout Participants each agree to provide the Earnout Escrow Agent with and consent to the Earnout Escrow Agent obtaining from third parties any such identifying information required as a condition of opening an account accounts with or using any service provided by the Earnout Escrow Agent for the purposes of this AgreementAgent.

Appears in 1 contract

Samples: Earnout Escrow Agreement (Falcon's Beyond Global, Inc.)

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Patriot Act Disclosure. Section 326 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (“USA PATRIOT Act”) requires the Earnout Escrow Agent to implement reasonable procedures to verify the identity of any person that opens a new account with it. Accordingly, the Parties Company and Stockholder Representative acknowledge that Section 326 of the USA PATRIOT Act and the Earnout Escrow Agent’s identity verification procedures require the Earnout Escrow Agent to obtain applicable information which is required may be used to confirm the Parties’ Company and Stockholder Representative identity including without limitation name, address and organizational documents (“identifying information”). The Parties Company and the Stockholder Representative agree to provide the Earnout Escrow Agent with and consent to the Earnout Escrow Agent obtaining from third parties any such identifying information required as a condition of opening an account with or using any service provided by the Earnout Escrow Agent for the purposes of this AgreementAgent.

Appears in 1 contract

Samples: Merger Agreement (Polymer Group Inc)

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