Common use of Compliance with Patriot Act Clause in Contracts

Compliance with Patriot Act. The parties hereto acknowledge that in accordance with laws, regulations and executive orders of the United States or any state or political subdivision thereof as are in effect from time to time applicable to financial institutions relating to the funding of terrorist activities and money laundering, including, without limitation, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Title III of Pub. L. 107 56 (signed into law October 26, 2001) regulations promulgated by U.S. Department of Treasury of the Office of Foreign Asset Control (collectively, (“AML Law”), each of the Owner Trustee and the Certificate Paying Agent is required to obtain, verify and record information relating to individuals and entities that establish or maintain a business relationship or open an account with the Owner Trustee or Certificate Paying Agent, as applicable. The Seller agrees that it shall provide to the Owner Trustee or Certificate Paying Agent, as applicable, with such information and documentation as the Owner Trustee or the Certificate Paying Agent, as applicable, may request from time to time in order to enable the Owner Trustee and the Certificate Paying Agent to comply with all applicable requirements of AML Law, including, but not limited to, information or documentation used to identify and verify each party’s identity, including, but not limited to, each party’s name, physical address, tax identification number, organizational documents, certificates of good standing, licenses to do business or other pertinent identifying information.

Compliance with Patriot Act. The parties hereto acknowledge that in accordance with laws, regulations and executive orders of the United States or any state or political subdivision thereof as are in effect from time to time applicable to financial institutions relating to the funding of terrorist activities and money laundering, including, without limitation, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Title III of Pub. L. 107 56 (signed into law October 26, 2001) regulations promulgated by U.S. Department of Treasury of the Office of Foreign Asset Control (collectively, (“AML Law”), each of the Owner Trustee and the Certificate Paying Agent is required to obtain, verify and record information relating to individuals and entities that establish or maintain a business relationship or open an account with the Owner Trustee or Certificate Paying Agent, as applicable. The Seller agrees that it shall provide to the Owner Trustee or Certificate Paying Agent, as applicable, with such information and documentation as the Owner Trustee or the Certificate Paying Agent, as applicable, may request from time to time in order to enable the Owner Trustee and the Certificate Paying Agent to comply with all applicable requirements of AML Law, including, but not limited to, information or documentation used to identify and verify each party’s identity, including, but not limited to, each party’s name, physical address, tax identification number, organizational documents, certificates of good standing, licenses to do business or other pertinent identifying information.. 34 Amended and Restated Trust Agreement (DRIVE 2021-1)