Common use of The Funds Flow Statement Clause in Contracts

The Funds Flow Statement. Confirmation from Dentons UK and Middle East, legal advisers to the Arranger and the Original Lenders as to English law, that they have satisfactorily completed their “know your customer” checks and any other legal or regulatory checks in relation to receipt of the Closing Date Loan proceeds to their client account and distribution of such proceeds in accordance with the Funds Flow Statement.

The Funds Flow Statement. Confirmation from Dentons UK and Middle EastEast LLP, legal advisers to the Arranger and the Original Lenders Subscribers as to English law, that they have satisfactorily completed their “know your customer” checks and any other legal or regulatory checks in relation to receipt of the Closing Date Loan Notes proceeds to their client account and distribution of such proceeds in accordance with the Funds Flow Statement.