Due Diligence Requirements means requirements imposed by Law that govern, are related to, or are similar to Anti-Money Laundering (AML), Know Your Customer (KYC), Know Your Business (KYB) and Customer Due Diligence (CDD).
Due Diligence Requirements means the EU Due Diligence Requirements and the UK Due Diligence Requirements.
Due Diligence Requirements means the due diligence requirements established from time to time pursuant to the Higher Education Act and any regulations promulgated by the Secretary of Education thereunder from time to time regarding the activities required to be performed by or on behalf of a lender with respect to delinquent or defaulted loans, including the requirements set forth in 34 C.F.R. Section 682.
Examples of Due Diligence Requirements in a sentence
Financial Crimes Enforcement Network’s Customer Due Diligence Requirements.
More Definitions of Due Diligence Requirements
Due Diligence Requirements means the EU Due Diligence Requirements and the UK Due Diligence Requirements or either of them, as applicable.
Due Diligence Requirements means Article 5 of each Securitisation Regulation.
Due Diligence Requirements the requirements imposed on the AIFM by the FUND Sourcebook regarding the due diligence policies and procedures to be used when making investment decisions relating to the Partnership and to ensure that the AIFM has adequate knowledge and understanding of the assets in which the Partnership is invested;
Due Diligence Requirements means those developmental requirements set forth on Exhibit A hereto.
Due Diligence Requirements means (i) the monitoring and reporting requirements of the AHP Documents and (ii) for Member, reasonable collection efforts as outlined in Section 9.3, if applicable.
Due Diligence Requirements. Xxxxxx Mae has the right to perform due diligence activities related to Eligible Advances and Periodic Early Reimbursement Amounts prior to the Closing Date and at any such time thereafter (“Due Diligence”). Promptly upon Xxxxxx Mae’s (or its agent’s) request, the Servicer is required to provide reasonable access to Servicer’s system’s and personnel, books and records whether stored in tangible or GreenTree Restated EAR Agreement - Final EAR electronic form. Failure of the Servicer to provide such access will constitute a material Due Diligence issue and a Stop Event. Subject to an annual cap of $75,000, Servicer shall bear all reasonable out-of-pocket costs and expenses of Xxxxxx Xxx relating to a Due Diligence review of the Servicer’s activities hereunder, including without limitation third party vendor fees. Notwithstanding the foregoing, Servicer shall be responsible for all reasonable out-of-pocket costs and expenses of Xxxxxx Mae, including without limitation third party vendor fees, relating to Due Diligence reviews applicable to the mortgage servicing rights which Servicer acquired from Bank of America, National Association on or about January 31, 2013, and such amounts shall not be subject to the annual cap. In the event non-material issues are discovered during the Due Diligence process, the Servicer will be notified in writing by Xxxxxx Xxx or its agent and will have a reasonable amount of time to cure such issues. However, failure to cure will constitute a material Due Diligence event. SERVICING TRANSFER: Unless consented to in a writing by Xxxxxx Mae specifically referencing this EAR Agreement, no servicing of Mortgage Loans for which there exists any outstanding Periodic Early Reimbursement Amount shall be transferred to another servicer unless the Periodic Early Reimbursement Amount applicable to such Mortgage Loan is deposited into the Collections Account, or the Servicer otherwise makes a payment to Xxxxxx Xxx in an amount equal to such Periodic Early Reimbursement Amount.