Common use of Relevant Requirements Clause in Contracts

Relevant Requirements. ‌‌ (i) In connection with HSBC Group's commitment to comply with all applicable sanctions regimes, the Trustee and any affiliate or subsidiary of HSBC Holdings plc may take any action in its sole and absolute discretion that it considers appropriate to comply with any law, regulation, request of a public or regulatory authority, any agreement between any member of the HSBC Group and any government authority or any HSBC Group policy that relates to the prevention of fraud, money laundering, terrorism, tax evasion, evasion of economic or trade sanctions or other criminal activities (collectively, the Relevant Requirements). Such action may include, but is not limited to: (A) screening, intercepting and investigating any transaction, instruction or communication, including the source of, or intended recipient of, funds; (B) delaying or preventing the processing of instructions or transactions or the Trustee's performance of its obligations under this Trust Deed; (C) the blocking of any payment; or (D) requiring the Issuer and/or the Guarantor to enter into a financial crime compliance representations letter from time to time in a form and substance acceptable to the HSBC Group. (ii) Where possible and permitted, the Trustee will endeavour to notify the Issuer and the Guarantor of the existence of such circumstances. To the extent permissible by law, neither the Trustee nor any member of the HSBC Group will be liable for loss (whether direct or consequential and including, without limitation, loss of profit or interest) or damage suffered by any party arising out of, or caused in whole or in part by, any actions that are taken by the Trustee or any other member of the HSBC Group to comply with any Relevant Requirements. (iii) In this Clause 11.1(t), HSBC Group means HSBC Holdings plc together with its subsidiary undertakings from time to time; and