Common use of Anti-Corruption Laws and Anti-Money Laundering Laws Clause in Contracts

Anti-Corruption Laws and Anti-Money Laundering Laws. (i) The Loan Parties, their Subsidiaries and their respective directors and officers, and, to the knowledge of the Loan Parties, their employees, representatives, and agents are, and at all times have been, in compliance in all material respects with Anti-Money Laundering Laws. (ii) The Loan Parties, their Subsidiaries and their respective directors and officers, and, to the knowledge of the Loan Parties, their employees, representatives, and agents are, and have at all times been, in compliance in all material respects with Anti-Corruption Laws. (iii) No Loan Party, Subsidiary nor any of their respective directors and officers, or, to the knowledge of the Loan Parties, their employees, representatives, or agents have directly or indirectly: (i) used any corporate funds for any unlawful contributions, gifts, entertainment or other unlawful expenses relating to any political activity; or (ii) made, offered to make, promised to make or otherwise authorized the payment or giving of, directly or indirectly, any bribe, rebate, payoff, influence payment, kickback or other payment or gift of money or anything of value to any officer, employee or ceremonial office holder of any government or instrumentality thereof, any political party or supra-national organization or to any other Person in order to obtain, retain or direct business or obtain any improper advantage ((i)-(ii), an "Improper Payment"). (iv) No Loan Party, Subsidiary or any of their respective directors and officers, and, to the knowledge of the Loan Parties, employees is the subject of, or party to, any Adverse Proceeding relating to any Improper Payment or actual or alleged violation of Anti-Corruption Laws or Anti-Money Laundering Laws.

Appears in 5 contracts

Samples: Credit Agreement (Hut 8 Corp.), Credit Agreement (Hut 8 Corp.), Credit Agreement (Hut 8 Corp.)

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