Anti-corruption law. (a) The Borrower shall not (and shall procure that no other Security Party will) directly or indirectly use the proceeds of the Loan for any purpose which would breach the Bribery Act 2010, the United States Foreign Corrupt Practices Act of 1977 or other similar legislation in other jurisdictions. (b) The Borrower shall (and shall procure that each other Security Party shall): (i) conduct its businesses in compliance with applicable anti-corruption laws; and (ii) maintain policies and procedures designed to promote and achieve compliance with such laws.
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Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Anti-corruption law. (a) The 22.5.1 Each Borrower and the Guarantor shall not (and shall procure that no other Security Party will) directly or indirectly use the proceeds of the Loan for any purpose which would breach the Bribery Act 2010Xxxxxxx Xxx 0000, the United States Foreign Corrupt Practices Act of 1977 or other similar legislation in other jurisdictions.
(b) The 22.5.2 Each Borrower and the Guarantor shall (and shall procure that each other Security Party shall):
(ia) conduct its businesses in compliance with applicable anti-corruption laws; and
(iib) maintain policies and procedures designed to promote and achieve compliance with such laws.
Appears in 2 contracts
Samples: Secured Loan Facility Agreement (Diana Containerships Inc.), Secured Loan Agreement (DHT Holdings, Inc.)
Anti-corruption law. (a) 22.5.1 The Borrower and the Guarantor shall not (and shall procure that no other Security Party will) directly or indirectly use the proceeds of the Loan for any purpose which would breach the Bribery Act 2010Xxxxxxx Xxx 0000, the United States Foreign Corrupt Practices Act of 1977 or other similar legislation in other jurisdictions.
(b) 22.5.2 The Borrower and the Guarantor shall (and shall procure that each other Security Party shall):
(ia) conduct its businesses in compliance with applicable anti-corruption laws; and
(iib) maintain policies and procedures designed to promote and achieve compliance with such laws.
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Anti-corruption law. (a) The 22.5.1 Each Borrower and each Guarantor shall not (and shall procure that no other Security Party will) directly or indirectly use the proceeds of the Loan for any purpose which would breach the Bribery Act 2010Xxxxxxx Xxx 0000, the United States Foreign Corrupt Practices Act of 1977 or other similar legislation in other jurisdictions.
(b) The 22.5.2 Each Borrower and each Guarantor shall (and shall procure that each other Security Party shall):
(ia) conduct its businesses in compliance with applicable anti-corruption laws; and
(iib) maintain policies and procedures designed to promote and achieve compliance with such laws.
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Anti-corruption law. (a) 21.5.1 The Borrower shall not (and shall procure that no other Security Party will) directly or indirectly use the proceeds of the Loan for any purpose which would breach the Bribery Act 2010Xxxxxxx Xxx 0000, the United States Foreign Corrupt Practices Act of 1977 or other similar legislation in other jurisdictions.
(b) 21.5.2 The Borrower shall (and shall procure that each other Security Party shall):
(ia) conduct its businesses in compliance with applicable anti-corruption laws; and
(iib) maintain policies and procedures designed to promote and achieve compliance with such laws.
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Anti-corruption law. (a) The Borrower shall not (not, and shall procure ensure that no other Security Party member of the Group will) , directly or indirectly use the proceeds of the any Loan for any purpose which would breach the Bribery Act 2010Corruption (Jersey) Law 2006, the United States Foreign Corrupt Practices Act of 1977 or other similar legislation in other jurisdictionsapplicable jurisdictions in which the Borrower or other member of the Group operates from time to time.
(b) The Borrower shall (shall, and shall procure ensure that each other Security Party shall):
(i) conduct its businesses in compliance with applicable anti-corruption laws; and
(ii) maintain policies and procedures designed to promote and achieve compliance with such laws.member of the Group will:
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