Know Your Client. Checks.
(a) If (i) the introduction of or any change in (or in the interpretation, administration or application of) any applicable Law made after the date of this Agreement, (ii) any change in the status of a Loan Party or the composition of the shareholders of a Loan Party after the date of this Agreement, or (iii) a proposed assignment or transfer by a Lender of any of its rights and/or obligations under this Agreement to a party that is not a Lender prior to such assignment or transfer, obliges the Administrative Agent or any Lender (or, in the case of clause (iii), any prospective new Lender) to comply with “know your client” or similar reasonable identification procedures in circumstances where the necessary information is not already available to it, each Loan Party shall promptly (or within the time period specified in Section 6.16, if applicable) upon the request of the Administrative Agent or any Lender (through the Administrative Agent) supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Administrative Agent (for itself or on behalf of any Lender) or any Lender (through the Administrative Agent and for itself or, in the case of the event described in paragraph (iii) above, on behalf of any prospective new Lender) in order for the Administrative Agent, such Lender or, in the case of the event described in clause (iii) above, any prospective new Lender to carry out and be satisfied it has complied with all necessary “know your client” or other similar checks under all applicable Laws pursuant to the transactions contemplated in the Loan Documents.
(b) Each Lender shall promptly upon the request of the Administrative Agent supply, or cause the supply of, such documentation and other evidence as is reasonably requested by the Administrative Agent (for itself) in order for the Administrative Agent to carry out and be satisfied it has complied with all necessary “know your client” or other similar checks under all applicable Laws pursuant to the transactions contemplated in the Loan Documents.
(c) The Company shall, by not less than five Business Days prior written notice to the Administrative Agent, notify the Administrative Agent (which shall promptly notify the Lenders) of its intention to request that any Person becomes an Additional Borrower or Additional Guarantor.
(d) Following the giving of any notice pursuant to Section 6.22(c), if the joinder of such Additional Borrower or Additional Guar...
Know Your Client. Promptly upon the request of the Administrative Agent supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Administrative Agent in order for the Financing Parties to carry out and be satisfied they have complied with all necessary “know your client” or other similar checks under all applicable Laws pursuant to the transactions contemplated in the Financing Documents;
Know Your Client. Any information and evidence reasonably required by any Finance Party pursuant to its usual “know your client” procedures in order to comply with applicable laws.
Examples of Know Your Client in a sentence
The AMC reserves the right to reject the application and refund the application amount, post acceptance of the application, in the event that the required KYC information is not provided or not found adequate.Further, in accordance with SEBI Circulars MIRSD/SE/Cir- 21/2011 dated October 5, 2011 and MIRSD/Cir-5/2012 dated April 13, 2012 on Uniform Know Your Client (KYC) read with AMFI Best practices guidelines circular no.
The Know Your Client requirements in case of foreign investors viz.
In case of Know Your Client (KYC) complied folios, Investors are required to submit the documents to the intermediaries of KYC Registration Agency (KRA), as may be specified by them, from time to time.
Government of India, vide Gazette notification dated November 26, 2015, had authorized the Central Registry of Securitization and Asset Reconstruction and Security Interest of India (CERSAI), to act and perform the functions of Central KYC Records Registry (CKYCR) including receiving, storing, safeguarding and retrieving the Know Your Client (KYC) records of an investor in digital form.
Investor will be sent a communication to this effect, however, redemptions shall be allowed.• In case of investments held jointly, first holder must not possess a PAN.• Eligible Investors may invest in the schemes of the Fund (through SIP or lumpsum/additional purchase) without providing PAN subject to the threshold amount as specified above.• Eligible Investors should attach a copy of Know Your Client (KYC) acknowledgement letter quoting PAN Exempt KYC reference no.
More Definitions of Know Your Client
Know Your Client information (such as passport details and other identifying documents); • Other information such as billing information and details of paid invoices, signatures, evidential documents supplied by the client in the course the services, tax identifier or VAT number); • Data included in emails sent from and received with corporate email, data included in files (including electronic files); • Information captured through legitimate monitoring of system use; • Technical information (such as username and passwords, IP address, domain, browser type, operating system, click-stream data and system logs).
Know Your Client process is an IIROC requirement that ensures your advisor is familiar with your financial situation, investment knowledge and objectives, tolerance for risk and the time horizon for your investment objectives, before making investment recommendations. This may take more than one meeting, but please provide the information your advisor requests. This will help ensure that your advisor offers you investment account types, strategies and products that are suitable for your individual financial needs and circumstances. Your Advisor Must Keep You Informed about Your Investments IIROC requires your advisor to share information with you about the products, services and account types you are offered and any associated fees and charges. Most of this information will be included in a Relationship Disclosure Document, which you should read carefully. Your advisor must also keep you updated with regular account statements and periodic reports on the fees and charges you pay and on the performance of your investments. As an investor, you can protect yourself by reading and understanding the information IIROC requires your advisor to provide. Ask your advisor about any information you do not understand. You also Benefit from other Protections All IIROC member firms must maintain an adequate cushion of capital, which reduces the risk of them becoming insolvent. Firms must also keep your investments separate from their own assets. Your account is also eligible for protection by the Canadian Investor Protection Fund, which covers up to per account if an IIROC-regulated firm becomes insolvent. You can learn more at xxx.xxxx.xx.
Know Your Client. Requests. Each Borrower will, and will cause their respective Subsidiaries to, promptly upon request by the Administrative Agent or any Lender, and each Lender shall promptly upon request by the Administrative Agent, supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Administrative Agent (for itself and on behalf of any Lender) or any Lender (for itself or on behalf of any prospective lender) in order for the Administrative Agent, such Lender or such prospective new lender to carry out and be satisfied with the results of all necessary “know your client” or other checks in relation to the identity of any Person that it is required to carry out in relation to the transactions contemplated in the Loan Documents.
Know Your Client compliance means the submission to the Registrar by the trustees, of prescribed information that may reasonably be determined concerning their donors so that the person’s suitability to be, or to remain, registered may be properly assessed by the Registrar;
Know Your Client. Confirmations: no Lender shall have advised the Administrative Agent that such Xxxxxx has not received from the Borrower all such information and evidence as such Xxxxxx requested of the Borrower prior to the Effective Date as contemplated by Section 14.11; and
Know Your Client. (KYC) Requirements 41 8.8 Parent Guarantee 41 8.9 401(k) Plans 42 ARTICLE IX REPAYMENT AND INDEMNIFICATION OBLIGATIONS 42 9.1 Repayment Obligations of the Sellers 42 9.2 Indemnification Obligations of the Purchaser 43 9.3 Indemnification Obligations of the Guarantor 43 9.4 Limitations on Liability 43 ARTICLE X TERMINATION 44 10.1 Termination 44 10.2 Effect of Termination 45 ARTICLE XI MISCELLANEOUS 45 11.1 Sellers’ Agent 45 11.2 Non-Solicitation 46 11.3 Further Actions 46 11.4 Records 46 11.5 Brokers and Finders 46 11.6 Costs and Expenses 47 11.7 Unforeseeability 47 11.8 Specific Performance 47 11.9 Express Waivers 47 11.10 Notices 47 11.11 Professional Advice 48 11.12 Entire Agreement 48 11.13 No Third Party Rights; Assignment 49 11.14 Severability 49 11.15 Waivers and Amendments 49 11.16 Transfer Taxes 49 11.17 Governing Law and Submission to Jurisdiction 49 11.18 Electronic Signature 50
Know Your Client. Requests 73 SECTION 7.1.11. Account Control Agreements. 73 SECTION 7.1.12. Whitewash 73 SECTION 7.2. Negative Covenants 74 SECTION 7.2.1. Business Activities 74 SECTION 7.2.2. Indebtedness 74 SECTION 7.2.3. Liens 75 SECTION 7.2.4. Financial Condition and Operations 76 SECTION 7.2.5. Investments 78 SECTION 7.2.6. Restricted Payments, etc. 79 SECTION 7.2.7. Capital Securities of Subsidiaries 79 SECTION 7.2.8. Consolidation, Merger, etc. 79 SECTION 7.2.9. Permitted Dispositions 79 SECTION 7.2.10. Purchases of Inventory; Goods and Services 80 SECTION 7.2.11. Modification of Certain Agreements 80 SECTION 7.2.12. Transactions with Affiliates 80 SECTION 7.2.13. Restrictive Agreements, etc. 80 SECTION 7.2.14. Amendment of Organic Documents 81 SECTION 7.2.15. Changes to Fiscal Year 81 SECTION 7.2.16. No Prepayment of Subordinated Debt 81 SECTION 7.2.17. Investments, etc. in Inactive Subsidiaries & Immaterial Subsidiaries 82