Bifold Pin Clamp

A quick learner from Pennsylvania says:
Hello I'm just not one hundred percent sure what part this is at the top it looks like some type of clamp but I'm not sure this is on the bottom of my benchmark bi fold door I'm ordering new ones
thank you!
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Paul from SWISCO responded:

Thank you for reaching out to us. That piece is an additional locking device for the 21-002 adjusting pin. We don't feel it is that critical in the function though. The top nut and washer lock the pin sufficiently.

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