Common use of No Restriction on Existing Examination and Investigative Authority Clause in Contracts

No Restriction on Existing Examination and Investigative Authority. This Order shall in no way preclude any State Money Transmission Regulator from exercising its examination or investigative authority authorized under the laws of the corresponding Participating State in the instance a determination is made wherein Block is found not to be adhering to the requirements of the Order, other than inadvertent and isolated errors that are promptly corrected by Block, or involving any unrelated matter not subject to the terms of this Order. The Parties agree that the failure of Block to comply with any term or condition of this Order with respect to a particular State shall be treated as a violation of an Order of the State and may be enforced as such. Moreover, ▇▇▇▇▇ acknowledges and agrees that this Order is only binding on the State Money Transmission Regulators and not any other Local, State or Federal Agency, Department or Office.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement