Third party reliance definition

Third party reliance as used in this rule means:
Sample 1

Examples of Third party reliance in a sentence

  • Third party reliance under paragraph 9 of the Notice is different from an outsourcing arrangement or agreement.

  • Inconsistencies can arise if, for example, the user inadvertently requests two versionsof the same package, or if a package requires (for compatibility reasons) a different version than the user requested.

  • Third party reliance Vendor names on which the Bank depends on either to execute the aforementioned process or for the provision of systems or services.

  • Third party reliance under paragraph 9 of the Notice is different from an outsourcing arrangement or agreement.9-2 In a third party reliance scenario, the third party will typically have an existing relationship with the customer that is independent of the relationship to be formed by the customer with the relying approved trustee.

  • Third party reliance A financial institution may rely on relevant third parties to complete certain customer due diligence ("CDD") measures, provided that there is a contractual arrangement in place with the third party and the third party provides all CDD information to the financial institution (but the document can be provided at a later stage and upon request) and undertakes to provide to the firm any CDD documents obtained as soon as practicable upon request pursuant to section 17D of the FIAMLA.

  • I agree to immediately notify BOSHClub by updating my details and enrolment online if any of the information on my enrolment form changes in the future.

  • Third party reliance (1) Subject to subsection (2), a reporting person may rely on third parties to perform CDD measures to comply with the requirements of section 17C, subject to such terms and conditions as may be prescribed.(2) Notwithstanding any other provision of this Act, a reporting person relying on a third party shall remain responsible for compliance with the requirements under this Act.17E.

  • Respondents to the EBA survey suggested that there was no consistent approach among Member States to accepting digital identification and verifying customers’ identity, with some Member States fostering the use of new technologies and some Member States being more reluctant.o Third party reliance: AMLD4 allows institutions to rely on third parties50 to fulfil certain CDD obligations.

  • Third party reliance – Unless expressly agreed by AMS, no third party may rely upon any work product provided under this Agreement.

  • Third -party reliance on this report is not intended and is explicitly prohibited.

Related to Third party reliance

  • Third-Party Release means the release given by each of the Releasing Parties to the Released Parties as set forth in Article VIII.E of the Plan.

  • Third Party Reports With respect to any Mortgaged Property, the related Appraisal, Phase I environmental report, Phase II environmental report, seismic report or property condition report, if any.

  • Third Party Request means a request from a third party for records relating to an End User's use of the Services including information in or from an End User or Customer's Services account. Third Party Requests may include valid search warrants, court orders, or subpoenas, or any other request for which there is written consent from End Users permitting a disclosure.

  • Third Party Notes means, save to the extent provided otherwise above, those Notes of the relevant Series outstanding other than those Notes outstanding which are held by or for the benefit of the Issuer.

  • Third Party Rights means the Intellectual Property of any third party;

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • Agent-Related Persons means Agent, together with its Affiliates, officers, directors, employees, attorneys, and agents.

  • Perfection Representations means the representations, warranties and covenants set forth in Schedule 1 attached hereto.

  • Related Party Agreement means any agreement, arrangement, or understanding between the Company and any Stockholder or any Affiliate of a Stockholder or any Director, officer, or employee of the Company, as such agreement may be amended, modified, supplemented, or restated in accordance with the terms of this Agreement.

  • Third Party Payment means payment through an instrument issued from a bank account other than that of the beneficiary investor. In case of payments from a joint bank account, the first named investor/holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

  • Third-party payer means an entity that is, by

  • Contractor Related Parties means any affliates of the Contractor and the Contractor's executive officers, Pennsylvania officers and directors, or owners of 5 percent or more interest in the Contractor.

  • Third Party Applications means online, Web-based applications and offline software products that are provided by third parties and are identified as third-party applications, including but not limited to those listed on the AppExchange and the Reseller Application.

  • Third Party Providers or “TPPs” means any payment service provider that provides payment services to you or someone else that concerns the Account, for example, an AISP (described in Clause 1(c) below).

  • Related Party Agreements shall have the meaning set forth in Section 3.19 herein.

  • Bailee Agreement means a Bailee Agreement among Seller, Buyer and Bailee in the form of Exhibit IV hereto.

  • Request regarding a list of collateral means a record authenticated by a debtor requesting that the recipient approve or correct a list of what the debtor believes to be the collateral securing an obligation and reasonably identifying the transaction or relationship that is the subject of the request.

  • Third Party Claims has the meaning set forth in Section 11.1.

  • Exculpated Parties shall have the meaning set forth in Section 13.1 hereof.

  • Third Parties means all lessees, sublessees, licensees and other users of the Properties, excluding those users of the Properties in the ordinary course of the Borrower's business and on a temporary basis.

  • Third Party Data has the meaning set forth in Section 9.3(a).

  • Indemnitee Agent Party as defined in Section 9.6.

  • Bailee means a person that by a warehouse receipt, bill of lading, or other document of title acknowledges possession of goods and contracts to deliver them.

  • Third Party Funds means any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties.

  • Administrative Agent-Related Persons means Administrative Agent (including any successor agent), together with its Affiliates and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates.