Common use of Account Holder Obligations Clause in Contracts

Account Holder Obligations. 7.1 An Account Holder that is not an individual shall appoint an Account Holder Representative to execute all documents, including but not limited to Part One: Application and Part Two: Registration Agreement, and administer all procedures required for this authorization to submit documents for registration in the ELRS. 7.2 Where, in the Application, the Account Holder has indicated that it is a member of a Regulated Organization, it shall ensure that membership in that organization is maintained in good standing, in accordance with the relevant governing legislation, and that the conduct of the Account Holder complies with any applicable standards of practice, code of ethics or code of professional standards. 7.3 Where, in the Application, the Account Holder has indicated that it has Users that are members of a Regulated Organization, the Account Holder shall monitor that the User’s membership in that organization is maintained in good standing, that the User acts in accordance with the relevant governing legislation, and that the User’s conduct complies with any applicable standards of practice, code of ethics or code of professional standards. 7.4 Where, in the Application, the Account Holder has indicated that it falls within category B , and the Account Holder has non-professional Users within its company that are submitting documents for registration in the ELRS, the Account Holder and the Users that are members of a Regulated Organization shall directly supervise the non- professional Users. 7.5 The Account Holder shall maintain a list, in writing, of the names and business contact information for all Users. The Account Holder shall keep the list current, and shall immediately inform Teranet upon any additions to or deletions from the list. The Account Holder acknowledges that the Director shall rely on Teranet’s information with respect to the Users for the purposes under this agreement and any applicable laws. 7.6 The Account Holder, or its Account Holder Representative, if any, shall review and confirm the government-issued photo identification of each User, in accordance with the forms of identification which are acceptable under the Application. 7.7 Prior to the submission of a Transfer, Charge, Discharge or Power of Attorney for registration in the ELRS, the Account Holder shall ensure that its User has obtained evidence of proper authorization from the owner of the land or holder of an interest in the land that has directed the registration, and can provide evidence of an explicit consent from that person to release to the Director their authorization for the registration, upon request by the Director, in the event of any investigation regarding suspected fraudulent or unlawful activity or registration. 7.8 Without limiting the Account Holder’s obligations under section 6.1, the Account Holder shall limit the User’s use of the authorization granted in section 2.1 of this Agreement to matters that relate to the Account Holder’s business.

Account Holder Obligations. 7.1 An Account Holder that is not an individual shall appoint an Account Holder Representative to execute all documents, including but not limited to Part One: Application and Part Two: Registration Agreement, and administer all procedures required for this authorization to submit documents for registration in the ELRS. 7.2 Where, in the Application, the Account Holder has indicated that it is a member of a Regulated Organization, it shall ensure that membership in that organization is maintained in good standing, in accordance with the relevant governing legislation, and that the conduct of the Account Holder complies with any applicable standards of practice, code of ethics or code of professional standards. 7.3 Where, in the Application, the Account Holder has indicated that it has Users that are members of a Regulated Organization, the Account Holder shall monitor that the User’s membership in that organization is maintained in good standing, that the User acts in accordance with the relevant governing legislation, and that the User’s conduct complies with any applicable standards of practice, code of ethics or code of professional standards. 7.4 Where, in the Application, the Account Holder has indicated that it falls within category B , and the Account Holder has non-professional Users within its company that are submitting documents for registration in the ELRS, the Account Holder and the Users that are members of a Regulated Organization shall directly supervise the non- professional Users. 7.5 The Account Holder shall maintain a list, in writing, of the names and business contact information for all Users. The Account Holder shall keep the list current, current and shall immediately inform Teranet upon any additions to or deletions from the list. The Account Holder acknowledges that the Director shall rely on Teranet’s information with respect to the Users for the purposes under this agreement and any applicable laws. 7.6 The Account Holder, or its Account Holder Representative, if any, shall review and confirm the government-issued photo identification of each User, in accordance with the forms of identification which are acceptable under the Application. 7.7 Prior to the submission of a Transfer, Charge, Discharge or Power of Attorney for registration in the ELRS, the Account Holder shall ensure that its User has obtained evidence of proper authorization from the owner of the land or holder of an interest in the land that has directed the registration, and can provide evidence of an explicit consent from that person to release to the Director their authorization for the registration, upon request by the Director, in the event of any investigation regarding suspected fraudulent or unlawful activity or registration. 7.8 Without limiting the Account Holder’s obligations under section 6.1, the Account Holder shall limit the User’s use of the authorization granted in section 2.1 of this Agreement to matters that relate to the Account Holder’s business.

Account Holder Obligations. 7.1 An Account Holder that is not an individual shall appoint an Account Holder Representative to execute all documents, including but not limited to Part One: Application and Part Two: Registration Agreement, and administer all procedures required for this authorization to submit documents for registration in the ELRSelectronic land registration system. 7.2 Where, in the Application, the Account Holder has indicated that it is a member of a Regulated Organization, it shall ensure that membership in that organization is maintained in good standing, in accordance with the relevant governing legislation, and that the conduct of the Account Holder complies with any applicable standards of practice, code of ethics or code of professional standards. 7.3 Where, in the Application, the Account Holder has indicated that it has Users that are members of a Regulated Organization, the Account Holder shall monitor that the User’s membership in that organization is maintained in good standing, that the User acts in accordance with the relevant governing legislation, and that the User’s conduct complies with any applicable standards of practice, code of ethics or code of professional standards. 7.4 Where, in the Application, the Account Holder has indicated that it falls within category B on page 4, and the Account Holder has non-non- professional Users within its company that are submitting documents for registration in the ELRSelectronic land registration system, the Account Holder and the Users that are members of a Regulated Organization shall directly supervise the non- non-professional Users. 7.5 The Account Holder shall maintain a list, in writing, of the names and business contact information for all Users. The Account Holder shall keep the list current, and shall immediately inform Teranet upon any additions to or deletions from the list. The Account Holder acknowledges that the Director shall rely on Teranet’s information with respect to the Users for the purposes under this agreement and any applicable lawsUsers. 7.6 The Account Holder, or its Account Holder Representative, if any, shall review and confirm the government-issued photo identification of each User, in accordance with the forms of identification which are acceptable under the Application. 7.7 Prior to the submission of a Transfer, Charge, Discharge or Power of Attorney for registration in the ELRSelectronic land registration system, the Account Holder shall ensure that its User has obtained evidence of proper authorization from the owner of the land or holder of an interest in the land that has directed the registration, and can provide evidence of an explicit consent from that person to release to the Director their authorization for the registration, upon request by the Director, in the event of any investigation regarding suspected fraudulent or unlawful activity or registration. 7.8 Without limiting the Account Holder’s obligations under section 6.1, the Account Holder shall limit the User’s use of the authorization granted in section 2.1 of this Agreement to matters that relate to the Account Holder’s business.