Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an 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 Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it 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 10 days' written notice to the Corporation, provided: (i) that the Rights Agent's written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's satisfaction within such 10-day period, then such resignation shall not be effective. If the Rights Agent should resign, the Corporation will use its reasonable efforts to appoint a successor to the Rights Agent and the provisions Section 4.4(2) of shall apply mutatis mutandis. Following the resignation of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent under this Agreement.
Appears in 3 contracts
Samples: Shareholder Rights Plan Agreement (Baja Mining Corp.), Shareholder Rights Plan Agreement (Baja Mining Corp.), Shareholder Rights Plan Agreement (North American Palladium LTD)
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an 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 Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it 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 10 days' ’ written notice to the Corporation, provided: (i) that the Rights Agent's ’s written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's ’s satisfaction within such 10-10 day period, then such resignation shall not be effective. If the Rights Agent should resign, the Corporation will use its reasonable efforts to appoint a successor to the Rights Agent and the provisions Section 4.4(2) of shall apply mutatis mutandis. Following the resignation of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent under this Agreement.
Appears in 3 contracts
Samples: Shareholder Rights Plan Agreement (GREAT PANTHER MINING LTD), Shareholder Rights Plan Agreement (GREAT PANTHER MINING LTD), Shareholder Rights Plan Agreement (Great Panther Silver LTD)
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an act might cause it to be in non-compliance with any applicable anti-anti- money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it 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 10 days' ’ written notice to the CorporationTrust, provided: (i) that the Rights Agent's ’s written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's ’s satisfaction within such 10-day period, then such resignation shall not be effective. If Subject to applicable law, the Rights Agent should resign, agrees to notify the Corporation will use its reasonable efforts to appoint a successor to Trust as soon as reasonably possible in the event that the Rights Agent and has concerns which may give rise to the provisions Section 4.4(2) of shall apply mutatis mutandis. Following the resignation rights of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent resign under this Agreementparagraph and such notice shall describe the basis for such concerns.
Appears in 2 contracts
Samples: Unitholder Rights Agreement, Unitholder Rights Agreement
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an act might cause it to be in non-compliance with any applicable sanctions legislation or regulation or applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, provided that the Rights Agent promptly notifies the REIT of such determination together with the reasons therefor in accordance with Section 5.9. Further, should the Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it being in non-compliance with any applicable sanctions legislation or regulation or applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall have the right to resign on 10 days' ’ written notice to the CorporationREIT, provided: (i) that the Rights Agent's ’s written notice shall describe the circumstances of such nonnon- compliance to the extent not prohibited by the applicable sanctions legislation or regulation or the applicable anti-compliancemoney laundering or anti-terrorist legislation, regulation or guideline, as the case may be; and (ii) that if such circumstances are rectified to the Rights Agent's satisfaction ’s satisfaction, acting reasonably, within such 10-day period, then such resignation shall not be effective. If the Rights Agent should resign, the Corporation will use its reasonable efforts to appoint a successor to the Rights Agent and the provisions Section 4.4(2) of shall apply mutatis mutandis. Following the resignation of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent under this Agreement.
Appears in 1 contract
Samples: Unitholder Rights Plan Agreement
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an 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 Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it 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 10 days' ’ written notice to the Corporation, provided: (i) that the Rights Agent's ’s written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's ’s satisfaction within such 10-day period, then such resignation shall not be effective. If the Rights Agent should resign, the Corporation will use its reasonable efforts to appoint a successor to the Rights Agent and the provisions Section 4.4(2) of shall apply mutatis mutandis. Following the resignation of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent under this Agreement.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (North American Palladium LTD)
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an act might cause it to be in non-compliance with any applicable sanctions legislation or regulation or applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, provided that the Rights Agent promptly notifies the REIT of such determination together with the reasons therefor in accordance with Section 5.9. Further, should the Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it being in non-compliance with any applicable sanctions legislation or regulation or applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall have the right to resign on 10 days' ’ written notice to the CorporationREIT, provided: (i) that the Rights Agent's ’s written notice shall describe the circumstances of such non-compliancecompliance to the extent not prohibited by the applicable sanctions legislation or regulation or the applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, as the case may be; and (ii) that if such circumstances are rectified to the Rights Agent's satisfaction ’s satisfaction, acting reasonably, within such 10-day period, then such resignation shall not be effective. If the Rights Agent should resign, the Corporation will use its reasonable efforts to appoint a successor to the Rights Agent and the provisions Section 4.4(2) of shall apply mutatis mutandis. Following the resignation of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent under this Agreement.
Appears in 1 contract
Samples: Unitholder Rights Plan Agreement
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an 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 Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it being in non-compliance noncompliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall have the right to resign on 10 days' Business Days’ written notice to the Corporation, provided: (i) that the Rights Agent's ’s written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's ’s satisfaction within such 10-day 10 Business Day period, then such resignation shall not be effective. If Subject to applicable law, the Rights Agent should resign, agrees to notify the Corporation will use its reasonable efforts to appoint a successor to as soon as reasonably possible in the event that the Rights Agent and has concerns which may give rise to the provisions Section 4.4(2) of shall apply mutatis mutandis. Following the resignation rights of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent resign under this Agreementparagraph and such notice shall describe the basis for such concerns.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an 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 Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it 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 10 days' written notice to the CorporationCompany, provided: (i) that the Rights Agent's written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's satisfaction within such 10-day period, then such resignation shall not be effective. If Subject to applicable law, the Rights Agent should resign, agrees to notify the Corporation will use its reasonable efforts to appoint a successor to as soon as reasonably possible in the event that the Rights Agent and has concerns which may give rise to the provisions Section 4.4(2) of shall apply mutatis mutandis. Following the resignation rights of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent resign under this Agreementparagraph and such notice shall describe the basis for such concerns.
Appears in 1 contract
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an act might cause it to be in non-compliance with any applicable anti-anti- money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it 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 10 days' ’ written notice to the Corporation, provided: (i) that the Rights Agent's ’s written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's ’s satisfaction within such 10-day period, then such resignation shall not be effective. If the Rights Agent should shall resign, the Corporation will use its reasonable efforts to appoint a successor to the Rights Agent and the applicable provisions of Section 4.4(2) of 4.4 shall apply mutatis mutandis. Following the resignation of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent under this Agreement.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an 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 Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it being in non-compliance with any applicable anti-money laundering or anti-anti- terrorist legislation, regulation or guideline, then it shall have the right to resign on 10 days' ’ written notice to the Corporation, provided: (i) that the Rights Agent's ’s written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's ’s satisfaction within such 10-day period, then such resignation shall not be effective. If the Rights Agent should resign, the Corporation will use its reasonable efforts to appoint a successor to the Rights Agent and the provisions Section 4.4(2) of shall apply mutatis mutandis. Following the resignation of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent under this Agreement.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an 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 Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it 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 10 days' written notice to the Corporation, provided: (i) that the Rights Agent's ’s written notice shall describe the circumstances of such non-non- compliance; and (ii) that if such circumstances are rectified to the Rights Agent's ’s satisfaction within such 10-day period, then such resignation shall not be effective. If the Rights Agent should shall resign, the Corporation will use its reasonable efforts to appoint a successor to the Rights Agent and the applicable provisions of Section 4.4(2) of 4.4 shall apply mutatis mutandis. Following the resignation of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent under this Agreement.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement
Compliance with Money Laundering Legislation. The Rights 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 Rights Agent reasonably determines that such an 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 Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it being in non-compliance noncompliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall have the right to resign on 10 daysBusiness Days' written notice to the Corporation, provided: (i) that the Rights Agent's written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's satisfaction within such 10-day 10 Business Day period, then such resignation shall not be effective. If Subject to applicable law, the Rights Agent should resign, agrees to notify the Corporation will use its reasonable efforts to appoint a successor to as soon as reasonably possible in the event that the Rights Agent and has concerns which may give rise to the provisions Section 4.4(2) of shall apply mutatis mutandis. Following the resignation rights of the Rights Agent and until the appointment of a successor Rights Agent, the Corporation shall be entitled to act in the capacity of Rights Agent resign under this Agreementparagraph and such notice shall describe the basis for such concerns.
Appears in 1 contract
Samples: Shareholder Rights Plan Agreement (Vizsla Silver Corp.)