Common use of Compliance with Anti-Money Laundering Legislation Clause in Contracts

Compliance with Anti-Money Laundering Legislation. The Special Warrant 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 Special Warrant Agent, in its sole judgment, determines that such act might cause it to be in non-compliance with any applicableanti-money laundering, anti-terrorist legislation, or economic sanctions legislation, regulation or guideline. Further, should the Special Warrant Agent, in its sole judgment, determine at any time that its acting under this Special Warrant Indenture 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 calendar days’ written notice to the Corporation, provided (i) that the Special Warrant Agent’s written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Special Warrant Agent’s satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 4 contracts

Samples: sec.report, sec.report, sec.report

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

Appears in 2 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement

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

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

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