Common use of Anti-Money Laundering Regulations Clause in Contracts

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such 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 Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 or any shorter period of time as agreed to by the Corporation, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-compliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 6 contracts

Samples: Coattail Agreement, Coattail Agreement (Vireo Health International, Inc.), Coattail Agreement (Harvest Health & Recreation Inc.)

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Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-compliance noncompliance with any applicable anti-anti- money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s 's written notice shall describe the circumstances of such non-compliancenoncompliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 4 contracts

Samples: Coattail Agreement (Acreage Holdings, Inc.), Coattail Agreement, Coattail Agreement

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-compliance noncompliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s 's written notice shall describe the circumstances of such non-compliancenoncompliance; and (b) if such circumstances are rectified to the Trustee’s 's satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 3 contracts

Samples: Agreement (FSD Pharma Inc.), Coattail Agreement, Coattail Agreement

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such 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 Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 ten days’ written notice to the Corporation Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-compliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-ten day period, then such resignation shall not be effective.

Appears in 2 contracts

Samples: Agreement (Canada Goose Holdings Inc.), Coattail Agreement (Canada Goose Holdings Inc.)

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-non- compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 ten days’ written notice to the Corporation Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-non- compliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-ten day period, then such resignation shall not be effective.

Appears in 2 contracts

Samples: Coattail Agreement (TELUS International (Cda) Inc.), Coattail Agreement (TELUS International (Cda) Inc.)

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such 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 Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 ten (10) days’ written notice to the Corporation Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-compliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 2 contracts

Samples: Coattail Agreement (GFL Environmental Inc.), Coattail Agreement (GFL Environmental Holdings Inc.)

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-compliance noncompliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s 's written notice shall describe the circumstances of such non-compliancenoncompliance; and (b) if such circumstances are rectified to the Trustee’s 's satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 2 contracts

Samples: FSD Pharma, Coattail Agreement

Anti-Money Laundering Regulations. The Trustee shall will retain the right not to act and shall will not be liable for refusing to act if, due to a lack of information or for any other reason whatsoever, the Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-non- compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its being in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall will have the right to resign on 10 ten days’ written notice to the Corporation Manager or any shorter period of time as agreed to by the CorporationManager, provided that: (a) the Trustee’s written notice shall will describe the circumstances of such non-non- compliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-ten day period, then such resignation shall will not be effective.

Appears in 2 contracts

Samples: Trust Agreement (Brookfield Asset Management Ltd.), Trust Agreement (Brookfield Asset Management Ltd.)

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-compliance noncompliance with any applicable anti-anti- money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-compliancenoncompliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 2 contracts

Samples: Coattail Agreement (Trulieve Cannabis Corp.), Coattail Agreement (Trulieve Cannabis Corp.)

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such 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 Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s 's written notice shall describe the circumstances of such non-compliance; and (b) if such circumstances are rectified to the Trustee’s 's satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: Coattail Agreement

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Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-non- compliance with any applicable anti-anti- money laundering or anti-terrorist legislation, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-non- compliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: Coattail Agreement

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such 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 Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-compliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: Coattail Agreement (Shopify Inc.)

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its 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 ten (10) days’ written notice to the Corporation Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-compliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: Coattail Agreement

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-compliance noncompliance with any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its being in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline, then it shall have the right to resign on 10 days’ written notice to the Corporation Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-compliancenoncompliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such 10-day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: Coattail Agreement

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-compliance noncompliance with any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its being in non-compliance with any applicable anti-money laundering or anti-terrorist legislation, economic sanctions, regulation or guideline, then it shall have the right to resign on 10 (ten) days’ written notice to the Corporation Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-compliancenoncompliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such ten (10-) day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: Coattail Agreement

Anti-Money Laundering Regulations. The Trustee 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 Trustee, in its sole judgment and acting reasonably, determines that such act might cause it to be in non-non- compliance with any applicable anti-money laundering or anti-terrorist legislation, economic sanction, regulation or guideline. Further, should the Trustee, in its sole judgment and acting reasonably, determine at any time that its acting under this Agreement has resulted in its being in non-compliance with any applicable anti-money laundering or anti-anti- terrorist legislation, economic sanction, regulation or guideline, then it shall have the right to resign on 10 ten (10) days’ written notice to the Corporation Company or any shorter period of time as agreed to by the CorporationCompany, provided that: (a) the Trustee’s written notice shall describe the circumstances of such non-compliance; and (b) if such circumstances are rectified to the Trustee’s satisfaction within such ten (10-) day period, then such resignation shall not be effective.

Appears in 1 contract

Samples: Coattail Agreement

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