Macquarie’s Right to Reject Macquarie Crude Procurement Contracts Sample Clauses

Macquarie’s Right to Reject Macquarie Crude Procurement Contracts. Macquarie may, in its discretion elect to reject any such offer to enter into a Macquarie Crude Procurement Contract, provided that from time to time during the Term hereof Macquarie shall, upon the reasonable request of Fuels or LW, consult with Fuels or LW regarding those counterparties that Macquarie would be prepared to trade with as of the time of such consultation upon review of acceptable documentation as further contemplated herein. Macquarie’s decision to reject any such offer shall be based on such factors and considerations as Macquarie deems relevant, which may include (without limitation) the proposed commercial terms, credit considerations (including credit quality and credit limits), reputational considerations, prior or current interactions between Macquarie and the proposed Third Party Supplier, the presence or absence of trading documentation between Macquarie and the proposed Third Party Supplier, the presence or absence of a pre-existing trading relationship with the proposed Third Party Supplier or the suitability of the proposed Third Party Supplier for such transaction. Without limiting the foregoing, any proposed Third Party Supplier shall be required to satisfy Macquarie’s internal requirements and policies as they relate to any applicable “know-your-customer” rules, anti-money laundering policies and procedures, laws, rules and regulations (including without limitation, the Patriot Act, rules and regulations of OFAC) and other similar client identification and business conduct standard and dealing policies and procedures (including reputational considerations), in each case, as consistently applied by Macquarie and to have provided to Macquarie all material documentation and other information required by such policies and procedures and applicable regulatory authorities. Notwithstanding the foregoing, Macquarie shall not reject any such offer to enter into a Macquarie Crude Procurement Contract with any counterparty based solely on the fact that such offer was presented to it by Fuels or LW hereunder where, at such time, Macquarie would otherwise have transacted with such counterparty on such terms and under all other applicable policies and limitations.
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Related to Macquarie’s Right to Reject Macquarie Crude Procurement Contracts

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