AFEX ULC definition
Examples of AFEX ULC in a sentence
Where any of the Services involve the conversion of amounts from one currency into another currency and the remittance of funds to the designated Beneficiary, AFEX ULC will provide such Services as principal.
Provided that Client has fully paid for the funds purchased from AFEX and complied with this Agreement, AFEX ULC or AFEX Inc.
The Client’s obligations in respect of any account will not be affected by any takeover, absorption or merger by or of AFEX ULC, nor will it be in any way affected by any change in the name or constitution of AFEX ULC or any successor, assignee or transferee.
AFEX ULC shall be permitted to consolidate or amalgamate with, or merge with or into, any other institution and any reference in this Agreement to AFEX ULC shall be construed as a reference to the successor entity.
AFEX ULC is a regulated by the requirements of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.
If Client has authorized AFEX ULC to initiate debit entries to Client’s bank or other financial institution account by direct debits, Client agrees that in the case of debit instructions transmitted through the Online System, the usage of the Online System Access Method is a security procedure, which constitutes a commercially reasonable method of protecting against unauthorized debits.