Customer Underwriting Guidelines Clause Samples
Customer Underwriting Guidelines. Owners and Companies have provided to Buyer a copy of each Company’s merchant underwriting guidelines. To the actual knowledge of the Owners, each of the Customers is in compliance, in all material respects, with each Company’s merchant underwriting guidelines and is in compliance, in all material respects, with the following Laws: the US Patriot Act, the Bank Secrecy Act, the Anti-Money Laundering Act, the Consumer Financial Protection Bureau’s guidance on Unfair, Deceptive or Abusive Acts, the Fair Credit Reporting Act, the Telephone Consumer Protection Act, the Restore Online Shopper’s Confidence Act and the Unlawful Internet Gambling Enforcement Act of 2006. In the three (3) years prior to the Closing Date, no Company has received any subpoena or other written inquiry from any Governmental Authority regarding any Customer.
Customer Underwriting Guidelines. Company Group Members have provided to Buyer a copy of each Company Group Member’s merchant underwriting guidelines. To Company’s actual knowledge, without any duty or obligation of reasonable inquiry of any person for purposes of this sentence, each of the Customers is in compliance in all material respects with Laws applicable to the Business and each Company Group Member’s merchant underwriting guidelines. In the three (3) years prior to the Closing Date, no Company Group Member has received any subpoena or other written inquiry from any Governmental Authority regarding any Customer.