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

Anti-Corruption Laws and Sanctions; Anti-Terrorism Laws. (a) The Borrower and the Parent each have implemented and maintains in effect policies and procedures designed to ensure compliance by the Parent, its Subsidiaries and their respective directors, officers and employees with Anti-Corruption Laws and applicable Sanctions, and the Parent, and its Subsidiaries and to the knowledge of the Parent its directors, officers and employees, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and no Loan Party is knowingly engaged in any activity that could reasonably be expected to result in such Loan Party being designated as a Sanctioned Person. None of (a) the Parent, any of its Subsidiaries, or to the knowledge of the Parent or such Subsidiary any of their respective directors, officers or employees, or (b) to the knowledge of the Parent, any agent of the Parent or any Subsidiary that will in each case act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transactions contemplated by the Loan Documents will violate Anti-Corruption Laws or applicable Sanctions. (b) Neither the making of the Loans hereunder nor the use of the proceeds thereof will violate the Patriot Act, the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto or successor statute thereto. Each Loan Party and each of its Subsidiaries are in compliance in all material respects with the Patriot Act.

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (General Communication Inc), Credit and Guarantee Agreement (Gci Inc)

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Anti-Corruption Laws and Sanctions; Anti-Terrorism Laws. (a) The Borrower and the Parent each have has implemented and maintains in effect policies and procedures designed to ensure compliance by the ParentBorrower, its Subsidiaries, and the Liberty Subsidiaries and their respective directors, officers and employees with Anti-Corruption Laws and applicable Sanctions, and the ParentBorrower, and its Subsidiaries and the Liberty Subsidiaries, and to the knowledge of the Parent Borrower, its directors, officers and employees, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and no Loan Party or Liberty Subsidiary is knowingly engaged in any activity that could reasonably be expected to result in such Loan Party or Liberty Subsidiary being designated as a Sanctioned Person. None of (a) the ParentBorrower, any of its Subsidiaries or any of the Liberty Subsidiaries, or to the knowledge of the Parent Borrower, such Subsidiary or such Subsidiary Liberty Subsidiary, any of their respective directors, officers or employees, or (b) to the knowledge of the ParentBorrower, any agent of the Parent Borrower, any Subsidiary or any Liberty Subsidiary that will in each case act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transactions contemplated by the Loan Documents will violate Anti-Corruption Laws or applicable Sanctions. (b) Neither the making of the Loans hereunder nor the use of the proceeds thereof will violate the Patriot Act, the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto or successor statute thereto. Each Loan Party and each of its Subsidiaries and the Liberty Subsidiaries are in compliance in all material respects with the Patriot Act.

Appears in 2 contracts

Samples: Credit Agreement (Gci, LLC), Credit Agreement (Gci Liberty, Inc.)

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Anti-Corruption Laws and Sanctions; Anti-Terrorism Laws. (a) The Borrower and the Parent each have has implemented and maintains in effect policies and procedures designed to ensure compliance by the ParentBorrower, its Subsidiaries, and the Liberty Subsidiaries and their respective directors, officers and employees with Anti-Corruption Laws and applicable Sanctions, and the ParentBorrower, and its Subsidiaries and the Liberty Subsidiaries, and to the knowledge of the Parent Borrower, its directors, officers and employees, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and no Loan Party or Liberty Subsidiary is knowingly engaged in any activity that could reasonably be expected to result in such Loan Party or Liberty Subsidiary being designated as a Sanctioned Person. None of (a) the ParentBorrower, any of its Subsidiaries or any of the Liberty Subsidiaries, or to the knowledge of the Parent Borrower, such Subsidiary or such Subsidiary Liberty Subsidiary, any of their respective directors, officers or employees, or (b) to the knowledge of the ParentBorrower, any agent of the Parent Borrower, any Subsidiary or any Liberty Subsidiary that will in each case act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transactions contemplated by the Loan Documents will violate Anti-Corruption Laws or applicable Sanctions. (b) Neither the making of the Loans hereunder nor the use of the proceeds thereof will violate the Patriot Act, the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto or successor statute thereto. Each Loan Party and each of its Subsidiaries are in compliance in all material respects with the Patriot Act.

Appears in 1 contract

Samples: Credit Agreement (Gci Liberty, Inc.)

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