Anti-Money Laundering and Privacy. (a) 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, anti-terrorist legislation 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, anti-terrorist legislation or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to the Corporation hereby provided that: (i) the Subscription Receipt Agent'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 satisfaction within such 10 day period, then such resignation shall not be effective. (b) Each Party acknowledges that the Subscription Receipt Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and use such information for the following purposes: (i) to provide the services required under this Agreement and other services that may be requested from time to time; (ii) to help the Subscription Receipt Agent manage its servicing relationships with such individuals; (iii) to meet the Subscription Receipt Agent’s legal and regulatory requirements; and (iv) if Social Insurance Numbers are collected by the Subscription Receipt Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party acknowledges and agrees that the Subscription Receipt Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Code, which the Subscription Receipt Agent shall make available on its website, xxx.xxxxxxxxxxxxx.xxx, or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Further, each Party agrees that it shall not provide or cause to be provided to the Subscription Receipt Agent any personal information relating to an individual who is not a party to this Agreement unless that party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures.
Appears in 3 contracts
Samples: Subscription Receipt Agreement, Subscription Receipt Agreement, Subscription Receipt Agreement
Anti-Money Laundering and Privacy. (a) 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, anti-terrorist legislation 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, anti-terrorist legislation or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to the Corporation hereby provided that:
(i) 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 satisfaction within such 10 day period, then such resignation shall not be effective.
(b) Each Party acknowledges that the Subscription Receipt Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and use such information for the following purposes:
(i) to provide the services required under this Agreement and other services that may be requested from time to time;
(ii) to help the Subscription Receipt Agent manage its servicing relationships with such individuals;
(iii) to meet the Subscription Receipt Agent’s legal and regulatory requirements; and
(iv) if Social Insurance Numbers are collected by the Subscription Receipt Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party acknowledges and agrees that the Subscription Receipt Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Code, which the Subscription Receipt Agent shall make available on its website, xxx.xxxxxxxxxxxxx.xxx, or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Further, each Party agrees that it shall not provide or cause to be provided to the Subscription Receipt Agent any personal information relating to an individual who is not a party to this Agreement unless that party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures.
Appears in 2 contracts
Samples: Subscription Receipt Agreement (Cae Inc), Subscription Receipt Agreement (Cae Inc)
Anti-Money Laundering and Privacy. (a) 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, laundering or anti-terrorist legislation 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, laundering or anti-terrorist legislation or economic sanctions legislation, regulation or of guideline, then it shall have the right to resign on 10 days prior written notice sent to the Corporation all parties hereby provided that:
(i) 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 satisfaction within such 10 day period, then such resignation shall not be effective.
(b) Each Party acknowledges that the Subscription Receipt Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and use such information for the following purposes:
(i) to provide the services required under this Agreement and other services that may be requested from time to time;
(ii) to help the Subscription Receipt Agent manage its servicing relationships with such individuals;
(iii) to meet the Subscription Receipt Agent’s legal and regulatory requirements; and
(iv) if Social Insurance Numbers are collected by the Subscription Receipt Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party acknowledges and agrees that the Subscription Receipt Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Code, which the Subscription Receipt Agent shall make available to the parties hereto on its website, xxx.xxxxxxxxxxxxx.xxx, website or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Further, each Party agrees that it shall not provide or cause to be provided to the Subscription Receipt Agent any personal information relating to an individual who is not a party to this Agreement Party unless that party Party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Engine Gaming & Media, Inc.)
Anti-Money Laundering and Privacy. (a) 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, laundering or anti-terrorist legislation 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, laundering or anti-terrorist legislation or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to the Corporation hereby all parties provided that:
that (i) the Subscription Receipt Agent's ’s written notice shall describe the circumstances of such non-compliance; and
and (ii) that if such circumstances are rectified to the Subscription Receipt Agent’s satisfaction satisfaction, acting reasonably, within such 10 day period, then such resignation shall not be effective.
(b) Each Party acknowledges . The parties acknowledge that the Subscription Receipt Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and may use such information for the following purposes:
(ia) to provide the services required under this Agreement and other services that may be requested from time to time;
(iib) to help the Subscription Receipt Agent manage its servicing relationships with such individuals;; and
(iiic) to meet the Subscription Receipt Agent’s legal and regulatory requirements; and
(iv) if Social Insurance Numbers are collected by the Subscription Receipt Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party party acknowledges and agrees that the Subscription Receipt Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Codeprivacy code, which the Subscription Receipt Agent shall make available on its website, xxx.xxxxxxxxxxxxx.xxx, website or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Further, each Party party agrees that it shall not provide or cause to be provided to the Subscription Receipt Agent any personal information relating to an individual who is not a party to this Agreement unless that party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures.
Appears in 1 contract
Anti-Money Laundering and Privacy. (a) The Each of the Subscription Receipt Agent and the U.S. Escrow 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 Agentsuch 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, laundering or anti-terrorist legislation or economic sanctions legislation, regulation or guideline. Further, should the Subscription Receipt Agent or the U.S. Escrow 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, laundering or anti-terrorist legislation or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to the Corporation hereby all parties provided that:
that (ia) the Subscription Receipt Agent's ’s or the U.S. Escrow Agent’s written notice shall describe the circumstances of such non-compliance; and
and (iib) that if such circumstances are rectified to the Subscription Receipt Agent’s satisfaction or the U.S. Escrow Agent’s satisfaction, acting reasonably, within such 10 day period, then such resignation shall not be effective.
(b) Each Party acknowledges . The parties acknowledge that each of the Subscription Receipt Agent and the U.S. Escrow Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and may use such information for the following purposes:
(ia) to provide the services required under this Agreement and other services that may be requested from time to time;
(iib) to help the Subscription Receipt Agent such agent manage its servicing relationships with such individuals;; and
(iiic) to meet the Subscription Receipt Agentsuch agent’s legal and regulatory requirements; and
(iv) if Social Insurance Numbers are collected by the Subscription Receipt Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party party acknowledges and agrees that each of the Subscription Receipt Agent and the U.S. Escrow Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Codeprivacy code, which the Subscription Receipt Agent such agent shall make available on its website, xxx.xxxxxxxxxxxxx.xxx, website or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Further, each Party party agrees that it shall not provide or cause to be provided to the Subscription Receipt Agent or the U.S. Escrow Agent any personal information relating to an individual who is not a party to this Agreement unless that party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures. The Company and Broadband hereby severally represent and warrant to the U.S. Escrow Agent that reasonable controls have been established and required due diligence performed to comply with the “Know Your Customer” regulations, the USA Patriot Act, the Office of Foreign Asset Control (OFAC) regulations and the Bank Secrecy Act.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Swisher Hygiene Inc.)
Anti-Money Laundering and Privacy. (a) 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, anti-terrorist legislation 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, anti-terrorist legislation or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to the Corporation all Parties hereby provided that:
(i) the Subscription Receipt Agent'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 satisfaction within such 10 day period, then such resignation shall not be effective.
(b) Each Party acknowledges that the Subscription Receipt Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and use such information for the following purposes:
(i) to provide the services required under this Agreement and other services that may be requested from time to time;
(ii) to help the Subscription Receipt Agent manage its servicing relationships with such individuals;
(iii) to meet the Subscription Receipt Agent’s legal and regulatory requirements; and
(iv) if Social Insurance Numbers are collected by the Subscription Receipt Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party acknowledges and agrees that the Subscription Receipt Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Code, which the Subscription Receipt Agent shall make available on its website, xxx.xxxxxxxxxxxxx.xxx, or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Further, each Party agrees that it shall not provide or cause to be provided to the Subscription Receipt Agent any personal information relating to an individual who is not a party to this Agreement unless that party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures.
Appears in 1 contract
Samples: Subscription Receipt Agreement
Anti-Money Laundering and Privacy. (a) 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, laundering or anti-terrorist legislation 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, laundering or anti-terrorist legislation or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to the Corporation all parties hereby provided that:
(i) 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 satisfaction within such 10 day period, then such resignation shall not be effective.
(b) Each Party acknowledges that the Subscription Receipt Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and use such information for the following purposes:
(i) to provide the services required under this Agreement and other services that may be requested from time to time;
(ii) to help the Subscription Receipt Agent manage its servicing relationships with such individuals;
(iii) to meet the Subscription Receipt Agent’s legal and regulatory requirements; and
(iv) if Social Insurance Numbers are collected by the Subscription Receipt Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party party acknowledges and agrees that the Subscription Receipt Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Code, which the Subscription Receipt Agent shall make available on its website, xxx.xxxxxxxxxxxxx.xxx, or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Further, each Party party agrees that it shall not provide or cause to be provided to the Subscription Receipt Agent any personal information relating to an individual who is not a party to this Agreement unless that party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures.
Appears in 1 contract
Anti-Money Laundering and Privacy. (a) 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, laundering or anti-terrorist legislation 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, laundering or anti-terrorist legislation or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to the Corporation hereby all Parties provided that:
that (i) the Subscription Receipt Agent's ’s written notice shall describe the circumstances of such non-compliance; and
and (ii) that if such circumstances are rectified to the Subscription Receipt Agent’s satisfaction satisfaction, acting reasonably, within such 10 day period, then such resignation shall not be effective.
(b) Each Party acknowledges . The Parties acknowledge that the Subscription Receipt Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and may use such information for the following purposes:
(ia) to provide the services required under this Agreement and other services that may be requested from time to time;
(iib) to help the Subscription Receipt Agent manage its servicing relationships with such individuals;
(iiic) to meet the Subscription Receipt Agent’s legal and regulatory requirements; and
(ivd) if Social Insurance Numbers are collected by the Subscription Receipt Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party acknowledges and agrees that the Subscription Receipt Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Code, which the Subscription Receipt Agent shall make available on its website, xxx.xxxxxxxxxxxxx.xxx, or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Further, each Party agrees that it shall not provide or cause to be provided to the Subscription Receipt Agent any personal information relating to an individual who is not a party to this Agreement unless that party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures.terms
Appears in 1 contract
Samples: Subscription Receipt Agreement (Manulife Financial Corp)
Anti-Money Laundering and Privacy. (a) 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, laundering or anti-terrorist legislation 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, laundering or anti-terrorist legislation or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to the Corporation hereby all Parties provided that:
that (i) the Subscription Receipt Agent's ’s written notice shall describe the circumstances of such non-compliance; and
and (ii) that if such circumstances are rectified to the Subscription Receipt Agent’s satisfaction satisfaction, acting reasonably, within such 10 day period, then such resignation shall not be effective.
(b) Each Party acknowledges . The Parties acknowledge that the Subscription Receipt Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and may use such information for the following purposes:
(ia) to provide the services required under this Agreement and other services that may be requested from time to time;
(iib) to help the Subscription Receipt Agent manage its servicing relationships with such individuals;
(iiic) to meet the Subscription Receipt Agent’s legal and regulatory requirements; and
(ivd) if Social Insurance Numbers are collected by the Subscription Receipt Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party acknowledges and agrees that the Subscription Receipt Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Codeprivacy code, which the Subscription Receipt Agent shall make available on its website, xxx.xxxxxxxxxxxxx.xxx, website or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Further, each Party agrees that it shall not provide or cause to be provided to the Subscription Receipt Agent any personal information relating to an individual who is not a party to this Agreement unless that party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Manulife Financial Corp)
Anti-Money Laundering and Privacy. (a) The Subscription Receipt Escrow 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 Escrow 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, laundering or anti-terrorist legislation or economic sanctions legislation, regulation or guideline. Further, should the Subscription Receipt Escrow 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, laundering or anti-terrorist legislation or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to the Corporation all parties hereby provided that:
(i) the Subscription Receipt Escrow 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 Escrow Agent’s satisfaction within such 10 day period, then such resignation shall not be effective.
(b) Each Party acknowledges that the Subscription Receipt Escrow Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and use such information for the following purposes:
(i) to provide the services required under this Agreement and other services that may be requested from time to time;
(ii) to help the Subscription Receipt Escrow Agent manage its servicing relationships with such individuals;
(iii) to meet the Subscription Receipt Escrow Agent’s legal and regulatory requirements; and
(iv) if Social Insurance Numbers are collected by the Subscription Receipt Escrow Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party acknowledges and agrees that the Subscription Receipt Escrow Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Code, which the Subscription Receipt Escrow Agent shall make available to the parties hereto on its website, xxx.xxxxxxxxxxxxx.xxx, website or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it provides. Further, each Party agrees that it shall not provide or cause to be provided to the Subscription Receipt Escrow Agent any personal information relating to an individual who is not a party to this Agreement Party unless that party Party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures.
Appears in 1 contract
Anti-Money Laundering and Privacy. (a) 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, laundering or anti-terrorist legislation 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 it being in non-compliance with any applicable anti-money laundering, laundering or anti-terrorist legislation or economic sanctions legislation, regulation or guideline, then it the Subscription Receipt Agent shall have the right to resign on 10 days ten (10) days’ prior written notice sent to the Corporation hereby all Parties, provided that:
(i) 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 satisfaction within such 10 ten (10) day period, then such resignation shall not be effective.
(b) Each Party acknowledges that the Subscription Receipt Agent may, in the course of providing services hereunder, collect or receive financial and other personal information about such Parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and use such information for the following purposes:
(i) to provide the services required under this Agreement and other services that may be requested from time to time;
(ii) to help the Subscription Receipt Agent manage its servicing relationships with such individuals;
(iii) to meet the Subscription Receipt Agent’s legal and regulatory requirements; and
(iv) if Social Insurance Numbers are collected by the Subscription Receipt Agent, to perform tax reporting and to assist in verification of an individual’s identity for security purposes. Each Party acknowledges and agrees that the Subscription Receipt Agent may receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Agreement for the purposes described above and, generally, in the manner and on the terms described in its Privacy Code, which the Subscription Receipt Agent shall make available on its website, website (xxx.xxxxxxxxxxxxx.xxx, ) or upon request, including revisions thereto. The Subscription Receipt Agent may transfer personal information to other companies Persons in or outside of Canada that provide data processing and storage or other support in order to facilitate the services it providesprovides hereunder. Further, each Party agrees that it shall not provide or cause to be provided to the Subscription Receipt Agent any personal information relating to an individual who is not a party to this Agreement unless that party Party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Pembina Pipeline Corp)