Common use of Anti-Money Laundering & Privacy Clause in Contracts

Anti-Money Laundering & Privacy. The Debenture Trustee 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 Debenture Trustee, in its sole judgment, acting reasonably, determines that such act might cause it to be in noncompliance with any applicable anti-money laundering, anti-terrorist or economic sanctions legislation, regulation or guideline. Further, should the Debenture Trustee, 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 or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to all parties provided that (i) the Debenture Trustee written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Debenture Trustee’s satisfaction within such 10 day period, then such resignation shall not be effective. The parties acknowledge that the Trustee 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:

Appears in 1 contract

Samples: Trust Indenture

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Anti-Money Laundering & Privacy. The Debenture Trustee 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 Debenture Trustee, in its sole judgment, acting reasonably, determines that such act might cause it to be in noncompliance with any applicable anti-money laundering, laundering or anti-terrorist or economic sanctions legislation, regulation or guideline. Further, should the Debenture Trustee, in its sole judgment, acting reasonably, determine at any time that its acting under this Agreement Indenture has resulted in its being in non-compliance with any applicable anti-money laundering, laundering or anti-terrorist or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to all parties provided that (i) the Debenture Trustee Trustee’s written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Debenture Trustee’s satisfaction within such 10 day period, then such resignation shall not be effective. The parties acknowledge that the Trustee 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:

Appears in 1 contract

Samples: Warrant Indenture (Oilsands Quest Inc)

Anti-Money Laundering & Privacy. The Debenture Trustee 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 Debenture TrusteeSubscription Receipt Agent, in its sole judgment, acting reasonably, determines that such act might cause it to be in noncompliance non-compliance with any applicable anti-money laundering, anti-laundering or anti- terrorist or economic sanctions legislation, regulation or guideline. Further, should the Debenture TrusteeSubscription 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-laundering or anti- terrorist or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days Business Days prior written notice sent to all parties provided that (i) the Debenture Trustee Subscription Receipt Agent's written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Debenture Trustee’s satisfaction Subscription Receipt Agent's satisfaction, acting reasonably, within such 10 day Business Day period, then such resignation shall not be effective. The parties acknowledge that the Trustee 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:

Appears in 1 contract

Samples: Subscription Receipt Agreement

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Anti-Money Laundering & Privacy. The Debenture Trustee 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 Debenture TrusteeSubscription Receipt Agent, in its sole judgment, acting reasonably, determines that such act might cause it to be in noncompliance non-compliance with any applicable anti-money laundering, laundering or anti-terrorist or economic sanctions legislation, regulation or guideline. Further, should the Debenture TrusteeSubscription 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 or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on 10 days prior written notice sent to all parties provided that (i) the Debenture Trustee Subscription Receipt Agent’s written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Debenture TrusteeSubscription Receipt Agent’s satisfaction satisfaction, acting reasonably, within such 10 day period, then such resignation shall not be effective. The parties acknowledge that the Trustee 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:

Appears in 1 contract

Samples: Subscription Receipt Agreement (Amaya Inc.)

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