Common use of AML Reporting Clause in Contracts

AML Reporting. ▇▇▇▇▇▇▇ agrees to provide anti-money laundering services with respect to the Fund’s direct shareholders and to operate the Fund’s customer identification program with respect to these shareholders, in each case in accordance with the written procedures developed by ▇▇▇▇▇▇▇ and adopted or approved by the Board and with applicable law and regulations. Notwithstanding the foregoing, Ultimus’ ability, and therefor its obligation, to perform anti-money laundering services with respect to the Fund’s direct shareholders and to operate the Fund’s customer identification program with respect to these shareholders, shall be wholly-dependent upon its timely receipt from Poolit of all information necessary in Ultimus’ sole determination to properly perform such services, and, should Ultimus determine it to be necessary, Ultimus may require Poolit to provide, and Poolit hereby agrees to provide, ▇▇▇▇▇▇▇ with such additional information as ▇▇▇▇▇▇▇ determines is necessary to properly perform such services. Any failure by Poolit to provide Ultimus with such information shall be a material breach of the Agreement. As a condition to ▇▇▇▇▇▇▇ agreeing to provide the aforementioned anti-money laundering services, Poolit further agrees to verify the authenticity of financial information collected via the Poolit maintained investor portal by running the same through the Plaid verification system before any such information is provided to Ultimus.

AML Reporting. ▇U▇▇▇▇▇▇ agrees to provide anti-money laundering services with respect to the Fund’s direct shareholders and to operate the Fund’s customer identification program with respect to these shareholders, in each case in accordance with the written procedures developed by ▇U▇▇▇▇▇▇ and adopted or approved by the Board and with applicable law and regulations. Notwithstanding the foregoing, Ultimus’ ability, and therefor its obligation, to perform anti-money laundering services with respect to the Fund’s direct shareholders and to operate the Fund’s customer identification program with respect to these shareholders, shall be wholly-dependent upon its timely receipt from Poolit of all information necessary in Ultimus’ sole determination to properly perform such services, and, should Ultimus determine it to be necessary, Ultimus may require Poolit to provide, and Poolit hereby agrees to provide, ▇U▇▇▇▇▇▇ with such additional information as ▇U▇▇▇▇▇▇ determines is necessary to properly perform such services. Any failure by Poolit to provide Ultimus with such information shall be a material breach of the Agreement. As a condition to ▇U▇▇▇▇▇▇ agreeing to provide the aforementioned anti-money laundering services, Poolit further agrees to verify the authenticity of financial information collected via the Poolit maintained investor portal by running the same through the Plaid verification system before any such information is provided to Ultimus.