Common use of KYC Requirements Clause in Contracts

KYC Requirements. Receipt by DOE of: (i) evidence that the Borrower has established proper operating and credit policies and procedures (including, “know your customer” and anti-money laundering policies) to ensure, inter alia, proper credit, risk and conflicts of interest management; (ii) all documentation (including taxpayer identification documents) and other information in respect of (A) the Borrower or (B) any Person holding, directly or indirectly, ten percent (10%) or more of the Equity Interests of the Borrower (other than a Qualified Public Company Shareholder or any Person holding Equity Interests through a Qualified Investment Fund) (collectively, each a “KYC Party”) to the extent required by any Secured Party to enable it to be satisfied with the results of all “know your customer” and other requirements (including, the Anti-Money Laundering Laws); and (iii) confirmation by each Secured Party of the completion of its respective “know your customer” diligence in respect of each KYC Party.

KYC Requirements. Receipt by DOE of: (i) evidence that the Borrower has Entities have established proper operating and credit policies and procedures (including, “"know your customer” " and anti-money laundering policies) to ensure, inter alia, proper credit, risk and conflicts of interest management; (ii) all documentation (including taxpayer identification documents) and other information in respect of of: (A) the any Borrower or Entity; (B) any Person holding, directly or indirectly, ten percent (10%) or more of the Equity Interests of the Borrower (other than a Qualified Public Company Shareholder or any Person person holding Equity Interests through a Qualified Investment Fund) or any other Major Project Participant (collectively, each a “the "KYC Party”Parties") to the extent required by any Secured Party to enable it to be satisfied with the results of all “"know your customer” " and other requirements (including, the Anti-Money Laundering Laws); and (iii) confirmation by each Secured Party of the completion of its respective “"know your customer” " diligence in respect of each KYC Party.

KYC Requirements. Receipt by DOE of: (i) evidence that the Borrower has Entities have established proper operating and credit policies and procedures (including, “know your customer” and anti-money laundering policies) to ensure, inter alia, proper credit, risk and conflicts of interest management; (ii) all documentation (including taxpayer identification documents) and other information in respect of of: (A) the any Borrower or Entity; (B) any Person holding, directly or indirectly, ten percent (10%) or more of the Equity Interests of the Borrower (other than a Qualified Public Company Shareholder Transferee) or any Person holding Equity Interests through a Qualified Investment Fund) other Major Project Participant (collectively, each a the “KYC PartyParties”) to the extent required by any Secured Party to enable it to be satisfied with the results of all “know your customer” and other requirements (including, the Anti-Money Laundering Laws); and (iii) confirmation by each Secured Party of the completion of its respective “know your customer” diligence in respect of each KYC Party.

KYC Requirements. Receipt by DOE of: (i) evidence that the Borrower has Entities have established proper operating and credit policies and procedures (including, “know your customer” and anti-money laundering policies) to ensure, inter alia, proper credit, risk and conflicts of interest management; (ii) all documentation (including taxpayer identification documents) and other information in respect of of: (A) the any Borrower or Entity; (B) any Person holding, directly or indirectly, ten percent (10%) or more of the Equity Interests of the Borrower (other than a Qualified Public Company Shareholder or any Person holding Equity Interests through a Qualified Investment Fund); or (C) any other Major Project Participant (collectively, each a the “KYC PartyParties”) to the extent required by any Secured Party to enable it to be satisfied with the results of all “know your customer” and other requirements (including, the Anti-Money Laundering Laws); and (iii) confirmation by each Secured Party of the completion of its respective “know your customer” diligence in respect of each KYC Party.