Common use of Compliance with Money Laundering Legislation Clause in Contracts

Compliance with Money Laundering Legislation. The Rights Agent retains the right not to act and will 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 breach any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline. Further, if the Rights Agent reasonably determines at any time that its acting under this Agreement has resulted in it breaching any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline, then it may resign on 10 days’ written Notice to the Corporation, provided: (i) that the Rights Agent’s written Notice must describe the circumstances of such breach; and (ii) that if such circumstances are rectified to the Rights Agent’s satisfaction within such 10-day period, then such resignation will not be effective.

Compliance with Money Laundering Legislation. The Rights Agent retains the right not to act and will 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 breach any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline. Further, if the Rights Agent reasonably determines at any time that its acting under this Agreement has resulted in it breaching any applicable anti-money laundering or anti-anti- terrorist legislation, economic sanctions, regulation or guideline, then it may resign on 10 days’ ' written Notice to the Corporation, provided: (i) that the Rights Agent’s 's written Notice must describe the circumstances of such breach; and (ii) that if such circumstances are rectified to the Rights Agent’s 's satisfaction within such 10-day period, then such resignation will not be effective.

Compliance with Money Laundering Legislation. The Rights Agent retains the right not to act and will 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 breach any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline. Further, if the Rights Agent reasonably determines at any time that its acting under this Agreement has resulted in it breaching any applicable anti-money laundering or anti-anti- terrorist legislation, economic sanctions, regulation or guideline, then it may resign on 10 days’ ' written Notice notice to the Corporation, provided: provided that (i) that the Rights Agent’s 's written Notice notice must describe the circumstances of such breach; and (ii) that if such circumstances are rectified to the Rights Agent’s 's satisfaction within such 10-day period, then such resignation will not be effective.