Common use of Know Your Customer Compliance Clause in Contracts

Know Your Customer Compliance. The Bank hereby notifies the Company and Gazit-Globe that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Company, Gazit-Globe and the other Obligors, which information includes the Company’s, Gazit-Globe’s and the other Obligors’ names and addresses and other information that will allow the Bank to identify the Company, Gazit-Globe and the Obligors in accordance with the Act. If: (a) any provision of, the introduction of or any change in (or in the interpretation, administration or application of) any Applicable Law; and/or (b) without derogating from clause 9.8 above, any change in the status of the Company, any Obligor or EOI or the composition of the shareholders of any of the foregoing; and/or (c) a proposed assignment or transfer by the Bank of any of its rights and/or obligations under this Agreement and the other Loan Documents, obliges the Bank (or, in the case of sub-paragraph (c) of this clause 17.2, any prospective Transferee of the Bank) to comply with “know your customer” or similar identification procedures in circumstances where the necessary information is not already available to it, the Company and Gazit-Globe shall promptly upon the request of the Bank supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Bank in order for the Bank or, in the case of the event described in sub-paragraph (c) of this clause 17.2, any prospective Transferee of the Bank, to carry out and be satisfied with the results of all necessary “know your customer” or other checks in relation to any relevant Person pursuant to the transactions contemplated in the Loan Documents.

Know Your Customer Compliance. The Bank hereby notifies the Company and Gazit-Globe that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Company, Gazit-Globe Company and the other Obligors, which information includes the Company’s, Gazit-Globe’s and the other Obligors’ names and addresses and other information that will allow the Bank to identify the Company, Gazit-Globe Company and the Obligors in accordance with the Act. If: (a) any provision of, the introduction of or any change in (or in the interpretation, administration or application of) any Applicable Law; and/or (b) without derogating from clause 9.8 above, any change in the status of the Company, any Obligor or EOI or the composition of the shareholders of any of the foregoing; and/or (c) a proposed assignment or transfer by the Bank of any of its rights and/or obligations under this Agreement and the other Loan Documents, obliges the Bank (or, in the case of sub-paragraph (c) of this clause 17.2, any prospective Transferee of the Bank) to comply with “know your customer” or similar identification procedures in circumstances where the necessary information is not already available to it, the Company and Gazit-Globe shall promptly upon the request of the Bank supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Bank in order for the Bank or, in the case of the event described in sub-paragraph (c) of this clause 17.2, any prospective [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT OF 1933, AS AMENDED. Transferee of the Bank, to carry out and be satisfied with the results of all necessary “know your customer” or other checks in relation to any relevant Person pursuant to the transactions contemplated in the Loan Documents.