Common use of Relevant Laws Compliance Clause in Contracts

Relevant Laws Compliance. The Parties acknowledge that: (a) each of Signet Jewelers Limited’s (“Parent”) management and the Bank’s management is now and/or in the future may be required under the Xxxxxxxx-Xxxxx Act of 2002 and related regulations and (solely with respect to the Bank) the Federal Deposit Insurance Corporation Improvement Act of 1991 and related regulations (collectively, the “Relevant Laws”) to, among other things, assess the effectiveness of its respective internal controls over financial reporting and state in its report whether such internal controls are effective; (b) the independent auditors of Parent and the Bank are now and/or in the future may be required to evaluate the process used by management to make such assessment to determine whether that process provides an appropriate basis for management’s conclusions; and (c) because the Parties have entered into a significant transaction with each other as described in this Agreement, the controls used by the Parties (including, without limitation, controls that restrict unauthorized access to systems, data and programs) are relevant to Parent’s and the Bank’s evaluation of its internal controls. Having acknowledged the foregoing, and subject to the terms of this Section, each Party agrees to cooperate with Parent and the Bank, and their respective independent auditors as reasonably necessary to facilitate Parent’s and the Bank’s ability to comply with its obligations under the Relevant Laws including, without limiting the generality of the foregoing, by complying with the further terms of this Section 12.3.

Relevant Laws Compliance. The Parties acknowledge that: (a) the management of each of Signet Jewelers Limited’s Limited (“Parent”) management and the Bank’s management Servicer or any Affiliate or direct or indirect parent company thereof (Parent or, if applicable, any such Affiliate or parent company of the Servicer, as the case may be, a “Parent Entity”) that is now and/or in the future may be required under the Xxxxxxxx-Xxxxx Act of 2002 and related regulations and (solely with respect to the Bankor any successor legislation) the Federal Deposit Insurance Corporation Improvement Act of 1991 and related regulations (collectively, the “Relevant Laws”) to, among other things, assess the effectiveness of its respective internal controls over financial reporting and state in its report whether such internal controls are effective; (b) the independent auditors of the applicable Party or Parent and the Bank Entity are now and/or in the future may be required to evaluate the process used by management to make such assessment to determine whether that process provides an appropriate basis for management’s conclusions; and (c) because the Parties have entered into a significant transaction with each other as described in this Agreement, the controls used by the Parties (including, without limitation, controls that restrict unauthorized access to systems, data and programs) are relevant to Parentany applicable Parent Entity’s and the BankParty’s evaluation of its internal controls. Having acknowledged the foregoing, and subject to the terms of this Section, each Party agrees to cooperate with each other Party and its Parent and the BankEntity, as applicable, and their respective independent auditors as reasonably necessary to facilitate Parent’s and the Bank’s its ability to comply with its obligations under the Relevant Laws including, without limiting the generality of the foregoing, by complying with the further terms of this Section 12.34.05.

Relevant Laws Compliance. The Parties acknowledge that: (a) the management of each of Signet Jewelers Limited’s Limited (“Parent”) management and the Bank’s management Servicer or any Affiliate or direct or indirect parent company thereof (Parent or, if applicable, any such Affiliate or parent company of the Servicer, as the case may be, a “Parent Entity”) that is now and/or in the future may be required under the Xxxxxxxx-Xxxxx Act of 2002 and related regulations and (solely with respect to the Bankor any successor legislation) the Federal Deposit Insurance Corporation Improvement Act of 1991 and related regulations (collectively, the “Relevant Laws”) to, among other things, assess the effectiveness of its respective internal controls over financial reporting and state in its report whether such internal controls are effective; (b) the independent auditors of the applicable Party or Parent and the Bank Entity are now and/or in the future may be required to evaluate the process used by management to make such assessment to determine whether that process provides an appropriate basis for management’s conclusions; and (c) because the Parties have entered into a significant transaction with each other as described in this Agreement, the controls used by the Parties (including, without limitation, controls that restrict unauthorized access to systems, data and programs) are relevant to Parentany applicable Parent Entity’s and the BankParty’s evaluation of its internal controls. Having acknowledged the foregoing, and subject to the terms of this Section, each Party agrees to cooperate with each other Party and its Parent and the BankEntity, as applicable, and their respective independent auditors as reasonably necessary to facilitate Parent’s and the Bank’s its ability to comply with its obligations under the Relevant Laws including, without limiting the generality of the foregoing, by complying with the further terms of this Section 12.34.05. 35 4.06.