Common use of Holdover for Non-Compliance Clause in Contracts

Holdover for Non-Compliance. Notwithstanding the forgoing, the Company may, at its sole and exclusive discretion, withhold, delay or deny payment of the Affiliate Fee in any of the following events: the Company has reason to believe that the Affiliate's activity is not in compliance with any applicable law; the Company has reason to believe that the Affiliate's activity cause damages to the Company/its contractor, discredit business reputation and fair name of the Company/its contractor or otherwise harm the Company/its contractor: the Company has reason to believe that the Affiliate's activity is in breach of this Agreement; the Affiliate has failed to complete any form as may be required by the Company/its contractor or has completed misleading or incorrect information in a form provided by Affiliate to the Company/its contractor; the Affiliate has failed to provide any document as may be demanded by the Company/its contractor; and/ or the Company/its contractor has been notified by any third party of the alleged infringement of property or rights (e.g. intellectual property rights) by the Affiliate or by the Affiliate's activity; the Company has reason to believe that the Affiliate's activity is connected with dishonest attempts to obtain commissions from trades executed on the accounts of referred clients or the accounts registered under assumed names yet managed by the Affiliate. Affiliate hereby irrevocably waives any claim or demand against the Company/its contractor, its directors, officers, shareholders, employees or against the Site(s) in respect of such action taken by Company.