Customer Identification Program definition

Customer Identification Program shall have the meaning set forth in Section 34 hereof.

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Customer Identification Program shall have the meaning set forth in Section 5.18.

Customer Identification Program. (“CIP”) Services. (a) To help the GE Fund Products comply with their Customer Identification Programs (which the GE Fund Products are required to have under regulations issued under Section 326 of the USA PATRIOT Act) PFPC will do the following: (i) Implement procedures under which new accounts in the GE Fund Products are not established unless PFPC has obtained the name, date of birth (for natural persons only), address and government-issued identification number (collectively, the “Data Elements”) for each corresponding Customer (as defined in 31 CFR 103.131). (ii) Use collected Data Elements to attempt to reasonably verify the identity of each new Customer promptly before or after each corresponding new account is opened. Methods may consist of non-documentary methods (for which PFPC may use unaffiliated information vendors to assist with such verifications) and documentary methods (as permitted by 31 CFR 103.131), and may include procedures under which PFPC personnel perform enhanced due diligence to verify the identities of Customers the identities of whom were not successfully verified through the first-level (which will typically be reliance on results obtained from an information vendor) verification process(es). (iii) Record the Data Elements and maintain records relating to verification of new Customers consistent with 31 CFR 103.131(b)(3). (iv) Regularly report to the GE Fund Products about measures taken under (i)-(iii) above. (v) If PFPC provides services by which prospective Customers may subscribe for Shares via the Internet or telephone, work with the GE Fund Products to notify prospective Customers, consistent with 31 CFR 103.(b)(5), about the GE Fund Products’ CIP. (vi) Set forth on a separate fee schedule compensation amounts due for these CIP services. (b) Notwithstanding anything to the contrary, and without expanding the scope of the express language above, PFPC need not collect the Data Elements for (or verify) prospective customer (or accounts) beyond the requirements of relevant regulation (for example, PFPC will not verify customers opening accounts through NSCC) and PFPC need not perform any task that need not be performed for the fund to be in compliance with relevant regulation. (c) Notwithstanding anything to the contrary, PFPC need not perform any of the steps described above with respect to persons purchasing Shares via exchange privileges.

Examples of Customer Identification Program in a sentence

Each Fund hereby acknowledges that Custodian is subject to federal laws, including the Customer Identification Program (CIP) requirements under the USA PATRIOT Act and its implementing regulations, pursuant to which Custodian must obtain, verify and record information that allows Custodian to identify its customers.
To help the government fight the funding of terrorism and money laundering activities, the Customer Identification Program (CIP) requirements established under the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Title III of Pub.
The Company agrees that the Rights Agent cannot accept an appointment hereunder unless and until the Rights Agent verifies the Company’s identity in accordance with the Customer Identification Program requirements.
The Lender shall have received (i) clear searches on the Borrower through the Office of Foreign Assets Control and (ii) all documentation necessary for Customer Identification Program and verification.
In order to comply with laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering, including the Customer Identification Program requirements established under the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Title III of Pub.

More Definitions of Customer Identification Program

Customer Identification Program has the meaning set forth in Section 9.16 hereof.

Customer Identification Program means a process whereby Firstmark screens and monitors applicants under certain of the regulations promulgated by the Office of Foreign Assets Control (“OFAC”) and in connection with the USA Patriot Act in an effort to determine if such persons appear on any lists maintained by OFAC and determining whether any potential transaction may constitute suspicious activity.

Customer Identification Program shall have the meaning set forth in Section 5.20. “Election to Exercise” shall have the meaning set forth in Section 2.3(d). “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. “Exchange Ratio” shall have the meaning set forth in Section 3.1(c).

Customer Identification Program means a risk-based program that includes policies, procedures and controls to (i) verify the identity of the person (consumer or entity) seeking to open an account or otherwise conduct business with Client, (ii) maintain records of the information used to verify identity and (iii) consult government lists of known or suspected terrorists or terrorist’s organizations to confirm that the person is not on any list.

Customer Identification Program means FMER’s Customer Identification Program, adopted in accordance with Section 326 of the USA Patriot Act and its implementing regulations, as modified by FMER from time to time.

Customer Identification Program has the meaning set forth in 31 CFR 103.121 Federal Regulations.

Customer Identification Program shall have the meaning set forth in Section 5.18. “Election to Exercise” shall have the meaning set forth in Section 2.2(d). “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. “Exchange Ratio” shall have the meaning set forth in Section 3.1(c). “Exchange Time” shall mean the time at which the right to exercise the Rights shall terminate pursuant to Section 3.1(c). “Exercise Price” shall mean, as of any date, the price at which a holder may purchase the securities issuable upon exercise of one whole Right. Until adjustment thereof