Compliance with Money Laundering Legislation Sample Clauses

Compliance with Money Laundering Legislation. The Rights Agent 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 Rights Agent reasonably determines that such an 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 Rights Agent reasonably determine at any time that its acting under this Agreement has resulted in it 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, provided: (i) that the Rights Agent's written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are rectified to the Rights Agent's satisfaction within such 10-day period, then such resignation shall not be effective.
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Compliance with Money Laundering Legislation. The parties acknowledge that federal and/or provincial legislation that addresses the protection of an individual’s personal information (collectively, “Privacy Laws”) applies to obligations and activities under this Agreement. Despite any other provision of this Agreement, neither party will take or direct any action that would contravene, or cause the other to contravene, applicable Privacy laws. The Corporation will, prior to transferring or causing to be transferred personal information to the Rights Agent, obtain and retain required consents of the relevant individuals to the collection, use and disclosure of their personal information, or will have determined that such consents either have previously been given upon which the parties can rely or are not required under the Privacy Laws. The Rights Agent will use commercially reasonable efforts to ensure that its services hereunder comply with Privacy laws.
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Compliance with Money Laundering Legislation. 35 Article 5 - MISCELLANEOUS 35 5.1 Redemption and Waiver 35 5.2 Expiration 37 5.3 Issuance of New Rights Certificates 37 5.4 Supplements and Amendments 37 5.5 Fractional Rights and Fractional Shares 39 5.6 Rights of Action 40 5.7 Regulatory Approvals 40 5.8 Declaration as to Non-Canadian or Non-U.S. Holders 40 5.9 Notices 40 5.10 Costs of Enforcement 42 5.11 Successors 42 5.12 Benefits of this Agreement 42 5.13 Governing Law 42 5.14 Severability 42 5.15 Effective Date 42 5.16 Reconfirmation and Approval 43 5.17 Determinations and Actions by the Board of Directors 43 5.18 Time of the Essence 43 5.19 Execution in Counterparts 44 SHAREHOLDER RIGHTS PLAN AGREEMENT MEMORANDUM OF AGREEMENT dated as of November 9, 1995 and amended and restated as of May 1, 1996, February 24, 1999, May 3, 2002, May 5, 2005, May 7, 2008, May 11, 2011, May 7, 2014, May 11, 2017 and May 5, 2020 between Enbridge Inc. (formerly, IPL Energy Inc.) (the “Corporation”), a corporation incorporated under the Canada Business Corporations Act and Computershare Trust Company of Canada, a trust company incorporated under the laws of Canada (the “Rights Agent”) which replaced AST Trust Company (Canada) (the successor to CST Trust Company) as of January 4, 2019, as rights agent;
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Compliance with Money Laundering Legislation. 37 ARTICLE 5 MISCELLANEOUS .................................................................................... 38 5.1
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Compliance with Money Laundering Legislation. ARTICLE 5 - THE RIGHTS AGENT SHALL RETAIN THE RIGHT TO NOT TAKE ANY ACTION AND SHALL NOT BE LIABLE FOR REFUSING TO TAKE ANY ACTION IF, THE RIGHTS AGENT REASONABLY DETERMINES THAT SUCH AN ACTION MIGHT CAUSE IT TO BE IN NON-COMPLIANCE WITH ANY APPLICABLE ANTI-MONEY LAUNDERING OR ANTI-TERRORIST LEGISLATION, REGULATION OR GUIDELINE. FURTHER, SHOULD THE RIGHTS AGENT REASONABLY DETERMINE AT ANY TIME THAT ITS ACTING UNDER THIS AGREEMENT HAS RESULTED IN IT 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 30 DAYS’ PRIOR WRITTEN NOTICE TO THE CORPORATION, PROVIDED: (A) THAT THE RIGHTS AGENT’S WRITTEN NOTICE SHALL DESCRIBE THE CIRCUMSTANCES OF SUCH NON-COMPLIANCE; AND (B) THAT IF SUCH CIRCUMSTANCES ARE RECTIFIED TO THE RIGHTS AGENT’S SATISFACTION WITHIN SUCH 30-DAY PERIOD, THEN SUCH RESIGNATION SHALL NOT BE EFFECTIVE. MISCELLANEOUS
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Related to Compliance with Money Laundering Legislation

  • Anti-Money Laundering The operations of the Company and its subsidiaries are and have been conducted at all times in compliance with all applicable financial recordkeeping and reporting requirements, including those of the Bank Secrecy Act, as amended by Title III of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act), and the applicable anti-money laundering statutes of jurisdictions where the Company and its subsidiaries conduct business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the best knowledge of the Company, threatened.