Common use of Compliance with Anti-Money Laundering Legislation Clause in Contracts

Compliance with Anti-Money Laundering Legislation. The Indenture 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 Indenture Trustee, in its sole judgment, 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. The Trust hereby agrees that if any account to be opened, or interest to be held, by the Indenture Trustee in connection with this Agreement, for or to the credit of the Trust, is intended to be used by or on behalf of a third party, the Trust will complete and execute forthwith a declaration in the Indenture Trustee’s prescribed form as to the particulars of such third party.

Appears in 8 contracts

Samples: Assignment and Set Off Agreement (TransCanada Trust), Assignment and Set Off Agreement (Transcanada Pipelines LTD), Assignment And (TransCanada Trust)

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Compliance with Anti-Money Laundering Legislation. The Indenture 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 Indenture Trustee, in its sole judgment, 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. The Trust Issuer hereby agrees that if any account to be opened, or interest to be held, by the Indenture Trustee in connection with this AgreementIndenture, for or to the credit of the TrustIssuer, is intended to be used by or on behalf of a third party, the Trust Issuer will complete and execute forthwith a declaration in the Indenture Trustee’s prescribed form as to the particulars of such third party.

Appears in 2 contracts

Samples: Trust Indenture (TransCanada Trust), Transcanada Trust (Transcanada Pipelines LTD)

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Compliance with Anti-Money Laundering Legislation. The Indenture 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 Indenture Trustee, in its sole judgment, 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. The Trust hereby agrees that if any account to be opened, or interest to be held, by the Indenture Trustee in connection with this Agreement, for or to the credit of the Trust, is intended to be used by or on behalf of a third party, the Trust will complete and execute forthwith a declaration in the Indenture Trustee’s 's prescribed form as to the particulars of such third party.

Appears in 1 contract

Samples: Off Agreement (TransCanada Trust)

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