Common use of United States Laws and Regulations Clause in Contracts

United States Laws and Regulations. Customer acknowledges that it will not originate or cause its Third-Party Sender agents to originate ACH Entries that violate the laws and applicable regulations of the United States of America. This includes but, is not limited to; sanction laws administered by the Office of Foreign Assets Control (“OFAC”). It shall be the responsibility of Customer to obtain information regarding such OFAC enforced sanctions. (This information may be obtained directly from the OFAC Compliance Hotline at 800-540-OFAC or from the OFAC’s Internet home page domain site at xxx.xxxxxxx.xxx/xxxx.) Customer agrees that the performance of any action by AB&T to debit or credit an account or transfer funds otherwise required by the Rules is excused from the performance of such action to the extent that the action is inconsistent with United States law, including the obligations of AB&T under OFAC or any program administered by the United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Customer agrees and warrants to AB&T that all Customer’s actions contemplated by this Agreement, including the preparation, transmittal, and settlement of ACH Entries, shall comply in all material respects with United States laws, regulations, regulatory guidelines, and official commentaries, including without limitation all such regulations, guidelines, and commentaries issued by the Board of Governors of the Federal Reserve and the Federal Financial Institutions Examination Council (“FFIEC”).

United States Laws and Regulations. Customer acknowledges that it will not originate or cause its Third-Party Sender agents to originate ACH Entries that violate the laws and applicable regulations of the United States of America. This includes butincludes, but is not limited to; sanction laws administered by the Office of Foreign Assets Control (“OFAC”). It shall be the responsibility of Customer to obtain information regarding such OFAC enforced sanctions. (This information may be obtained directly from the OFAC Compliance Hotline at 800-540-OFAC or from the OFAC’s Internet home page domain site at xxx.xxxxxxx.xxx/xxxx.) Customer agrees that the performance of any action by AB&T to debit or credit an account or transfer funds otherwise required by the Rules is excused from the performance of such action to the extent that the action is inconsistent with United States law, including the obligations of AB&T under OFAC or any program administered by the United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Customer agrees and warrants to AB&T that all Customer’s actions contemplated by this Agreement, including the preparation, transmittal, and settlement of ACH Entries, shall comply in all material respects with United States laws, regulations, regulatory guidelines, and official commentaries, including without limitation all such regulations, guidelines, and commentaries issued by the Board of Governors of the Federal Reserve and the Federal Financial Institutions Examination Council (“FFIEC”).