Common use of KYC Clause in Contracts

KYC. To help the U.S. government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each Person who opens an account, including applicable “Know Your Customer” requirements. The Borrower, on behalf of itself and each other LC Group Member, hereby acknowledges such information disclosure requirements and agrees to comply, and to cause each such other LC Group Member to comply, with all such information disclosure requests from time to time from the Agents.

Appears in 7 contracts

Samples: Assignment and Assumption Agreement (LendingClub Corp), Assignment and Assumption Agreement (LendingClub Corp), Warehouse Credit Agreement (LendingClub Corp)

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KYC. To help the U.S. government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each Person who opens an account, including applicable “Know Your Customer” requirements. The Borrower, on behalf of itself and each other LC GreenSky Group Member, hereby acknowledges such information disclosure requirements and agrees to comply, and to cause each such other LC GreenSky Group Member to comply, with all such information disclosure requests from time to time from the Agents.Administrative Agent. (j)

Appears in 1 contract

Samples: Warehouse Credit Agreement (GreenSky, Inc.)

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KYC. To help the U.S. government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each Person who opens an account, including applicable “Know Your Customer” requirements. The Borrower, on behalf of itself and each other LC GreenSky Group Member, hereby acknowledges such information disclosure requirements and agrees to comply, and to cause each such other LC GreenSky Group Member to comply, with all such information disclosure requests from time to time from the AgentsAdministrative Agent.

Appears in 1 contract

Samples: Warehouse Credit Agreement (GreenSky, Inc.)

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