Common use of AML Laws; Anti-Corruption Laws and Sanctions Clause in Contracts

AML Laws; Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws, applicable AML Laws and applicable Sanctions. None of (a) the Borrower or any Subsidiary or (b) to the knowledge of the Borrower, (1) any of their respective directors, officers, employees or Affiliates, or (2) any agent of the Borrower or any Subsidiary or other Affiliate that will act in any capacity in connection with or benefit from the credit facility established by this Agreement, (i) is a Sanctioned Person, or (ii) is in violation of AML Laws, Anti-Corruption Laws, or Sanctions. No Borrowing, Letter of Credit, or use of proceeds of any Borrowing or Letter of Credit, including the funding of all or a portion of the purchase price of any Permitted Acquisition, nor any repayment of Borrowings or reimbursement of any payment made pursuant to any Letter of Credit, will cause a violation of AML Laws, Anti-Corruption Laws or applicable Sanctions by any Person participating in the transactions contemplated by this Agreement, whether as lender, borrower, guarantor, agent, or otherwise. The Borrower represents that neither it nor any of its Subsidiaries, or, to the knowledge of the Borrower, any other Affiliate, is as of the Effective Date engaged in, or intends to engage in, any dealings or transactions with, or for the benefit of, any Sanctioned Person or with or in any Sanctioned Country.

Appears in 2 contracts

Samples: Credit Agreement (Alliance Data Systems Corp), Credit Agreement (Alliance Data Systems Corp)

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AML Laws; Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws, applicable AML Laws and applicable Sanctions. None of (a) the Borrower or any Subsidiary or their respective directors or officers or (b) to the knowledge of the Borrower, (1) any of their respective directors, officers, employees or Affiliates, or (2) any agent of the Borrower or any Subsidiary or other Affiliate that will act in any capacity in connection with or benefit from the credit facility established by this Agreement, (i) is a Sanctioned Person, or (ii) is in violation of AML Laws, Anti-Corruption Laws, or Sanctions. No Borrowing, Letter of Credit, or use of proceeds of any Borrowing or Letter of Credit, including the funding of all or a portion of the purchase price of any Permitted Acquisition, nor any repayment of Borrowings or reimbursement of any payment made pursuant to any Letter of Credit, will cause a violation of AML Laws, Anti-Corruption Laws or applicable Sanctions by any Person participating in the transactions contemplated by this Agreement, whether as lender, borrower, guarantor, agent, or otherwise. The Borrower represents that neither it nor any of its Subsidiaries, or, to the knowledge of the Borrower, any other Affiliate, is as of the Effective Closing Date engaged in, or intends to engage in, any dealings or transactions with, or for the benefit of, any Sanctioned Person or with or in any Sanctioned Country.

Appears in 1 contract

Samples: Credit Agreement (Bread Financial Holdings, Inc.)

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AML Laws; Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect will comply with the policies and procedures maintained by the Servicers and designed to ensure maintain material compliance by the Borrower, its Subsidiaries each Subsidiary and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws, applicable AML Laws and applicable SanctionsSanctions Law. None of (a) the Borrower Borrower, the Guarantor, any Subsidiary or any Subsidiary of their respective directors or officers, or, to the knowledge of the Borrower, any of their respective employees or Affiliates, or (b) to the knowledge of the Borrower, (1) any agent of any of the Borrower, any Guarantor, or any of their respective directors, officers, employees Subsidiaries or other Affiliates, or (2) any agent of the Borrower or any Subsidiary or other Affiliate that will act in any capacity in connection with or benefit from the credit facility established by this Agreementhereby, (i) is a Sanctioned Person, or (ii) is in violation of AML Laws, Anti-Corruption Laws, or Sanctions. No Borrowing, Letter of CreditDrawing, or use of the proceeds of any Borrowing Drawing, or Letter of Credit, including the funding of all any other transaction contemplated by this Agreement or a portion of the purchase price of any Permitted Acquisition, nor any repayment of Borrowings or reimbursement of any payment made pursuant to any Letter of Credit, other Financing Document will cause a violation of AML Laws, Anti-Corruption Laws or applicable Sanctions Law by any Person participating in the transactions contemplated by this Agreement, whether as lenderLender, borrowerBorrower, guarantorGuarantor, agent, Administrative Agent or otherwise. The Borrower represents that neither it nor any of its Subsidiaries, nor the Guarantor, or, to the knowledge of the Borrower, any other Affiliate, is as Affiliate of the Effective Date Guarantor has engaged in, in or intends to engage in, in any dealings or transactions with, or for the benefit of, any Sanctioned Person or with or in any Sanctioned Country, in each case except to the extent permitted by applicable Sanctions Law. No Drawing relates, directly or indirectly, to any activities or business of or with a Sanctioned Person or with or in a Sanctioned Country, except to the extent permitted by applicable Sanctions Law.

Appears in 1 contract

Samples: Facility Agreement (Fly Leasing LTD)

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