Common use of Anti-Money Laundering and Anti-Terrorist Legislation Clause in Contracts

Anti-Money Laundering and Anti-Terrorist Legislation. The Subscription Receipt Agent shall retain the right not to act and shall not be liable for refusing to act if, due to a lack of information or for any other reason whatsoever, the Subscription Receipt Agent in its sole judgment, acting reasonably, determines that such act might cause it to be in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Subscription Receipt Agent, in its sole judgment, determine at any time that its acting under this Agreement has resulted in its being in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall have the right to resign on ten days’ written notice to the Corporation and the Co-Lead Undewriters, provided that (i) the Subscription Receipt Agent’s written notice shall describe the circumstances of such non-compliance; and (ii) if such circumstances are rectified to the Subscription Receipt Agent’s satisfaction within such ten day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: Subscription Receipt Agreement (Baytex Energy Corp.)

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Anti-Money Laundering and Anti-Terrorist Legislation. The Subscription Receipt Agent shall retain the right not to act and shall not be liable for refusing to act if, due to a lack of information or for any other reason whatsoever, the Subscription Receipt Agent Agent, in its sole judgment, acting reasonably, determines that such act might cause it to be in non-compliance with any applicable anti-money laundering or laundering, anti-terrorist or economic sanctions legislation, regulation or guideline. Further, should the Subscription Receipt Agent, in its sole judgment, acting reasonably, determine at any time that its acting under this Agreement has resulted in its being in non-compliance with any applicable anti-money laundering or laundering, anti-terrorist or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on ten days’ (10) days written notice to the Corporation and the Co-Lead Undewritersother parties to this Agreement, provided that (i) that the Subscription Receipt Agent’s 's written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Subscription Receipt Agent’s 's satisfaction within such ten (10) day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: Subscription Receipt Agreement (Bellatrix Exploration Ltd.)

Anti-Money Laundering and Anti-Terrorist Legislation. The Subscription Receipt Agent shall retain the right not to act and shall not be liable for refusing to act if, due to a lack of information or for any other reason whatsoever, the Subscription Receipt Agent Agent, in its sole judgment, acting reasonably, determines that such act might cause it to be in non-compliance with any applicable anti-money laundering or laundering, anti-terrorist or sanctions legislation, regulation or guideline. Further, should the Subscription Receipt Agent, in its sole judgment, acting reasonably, determine at any time that its acting under this Agreement has resulted in its being in non-compliance with any applicable anti-money laundering or laundering, anti-terrorist or sanctions legislation, regulation or guideline, then it shall have the right to resign on ten days’ (10) days written notice to the Corporation and the Co-Lead Undewritersother parties to this Agreement, provided that (i) that the Subscription Receipt Agent’s written notice shall describe the circumstances of such non-compliancecompliance to the extent permitted by such applicable anti-money laundering, anti-terrorist or sanctions legislation, regulation or guideline; and (ii) that if such circumstances are rectified to the Subscription Receipt Agent’s satisfaction within such ten (10) day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: Subscription Receipt Agreement (Obsidian Energy Ltd.)

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Anti-Money Laundering and Anti-Terrorist Legislation. The Subscription Receipt Agent shall retain the right not to act and shall not be liable for refusing to act if, due to a lack of information or for any other reason whatsoever, the Subscription Receipt Agent Agent, in its sole judgment, acting reasonably, determines that such act might cause it to be in non-compliance with any applicable anti-money laundering or laundering, anti-terrorist or economic sanctions legislation, regulation or guideline. Further, should the Subscription Receipt AgentAgent , in its sole judgment, acting reasonably, determine at any time that its acting under this Agreement has resulted in its being in non-compliance with any applicable anti-money laundering laundering, anti- terrorist or anti-terrorist economic sanctions legislation, regulation or guideline, then it shall have the right to resign on ten days’ (10) days written notice to the Corporation and the Co-Lead Undewritersother parties to this Agreement, provided that (i) that the Subscription Receipt Agent’s written notice shall describe the circumstances of such non-non- compliance; and (ii) that if such circumstances are rectified to the Subscription Receipt Agent’s satisfaction within such ten (10) day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: sedar-filings-backup.thecse.com

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