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

Anti-Corruption Laws, Anti-Terrorism Laws and Sanctions. Policies and procedures have been implemented and maintained by or on behalf of the Borrower that are designed to achieve compliance by the Borrower and its directors, officers, employees and agents with Anti-Corruption Laws, Anti-Terrorism Laws and applicable Sanctions, giving due regard to the nature of the Borrower’s business and activities, and the Borrower and, to the knowledge of the Borrower, its officers, employees, directors and agents acting in any capacity in connection with or directly benefitting from the credit facility established hereby, are in compliance with Anti-Corruption Laws, Anti-Terrorism Laws and applicable Sanctions, in each case in all material respects. (a) None of the Borrower or, to the knowledge of the Borrower, any of its directors, officers, employees, or agents that will act in any capacity in connection with or directly benefit from the credit facility established hereby, is a Sanctioned Person, and (b) the Borrower is not organized or resident in a Sanctioned Country. The Borrower represents and covenants that it will not, directly or indirectly, use the proceeds of the credit facility established hereby nor use any Advance, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, or in any country or territory that, at the time of such funding, is the subject of Sanctions (and in such case would result in a violation of Sanctions), or in any manner that will result in a violation by any Person (including any Person participating in this credit facility) of Anti-Corruption Laws, Anti-Terrorism Laws or applicable Sanctions.

Appears in 8 contracts

Samples: Receivables Funding and Administration Agreement (Td Synnex Corp), Receivables Funding and Administration Agreement (Td Synnex Corp), Receivables Funding and Administration Agreement (Td Synnex Corp)

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Anti-Corruption Laws, Anti-Terrorism Laws and Sanctions. (i) Policies and procedures have been implemented and maintained by or on behalf of each of the Borrower Sprint Parties that are designed to achieve compliance by the Borrower Sprint Parties and its their respective Subsidiaries, directors, officers, employees and agents with Anti-Corruption Laws, Anti-Terrorism Laws and applicable Sanctions, giving due regard to the nature of the Borrower’s business and activities, and the Borrower and, to the knowledge of each of the BorrowerSprint Parties after due inquiry, its respective officers, employees, directors and agents acting in any capacity in connection with or directly benefitting from the credit facility established hereby, are in compliance with Anti-Corruption Laws, Anti-Terrorism Laws and applicable Sanctions, in each case in all material respects. (aii) None of (a) the Borrower Sprint Parties or any of their respective Subsidiaries or, to the knowledge of the BorrowerSprint Parties, as applicable, any of its their respective directors, officers, employees, or agents that will act in any capacity in connection with or directly benefit from the credit facility established hereby, hereby is a Sanctioned Person, and (b) the Borrower Sprint Parties nor any of their respective Subsidiaries is not organized or resident in a Sanctioned Country. The Borrower represents , and covenants that it will not(c) the Sprint Parties have violated, directly or indirectly, use the proceeds of the credit facility established hereby nor use any Advance, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, or been found in any country or territory that, at the time of such funding, is the subject of Sanctions (and in such case would result in a violation of or is under investigation by any governmental authority for possible violation of any Anti-Corruption Laws, Anti-Terrorism Laws or Sanctions), . (iii) No Purchase or use of proceeds thereof by any Sprint Party in any manner that will result in a violation by any Person (including any Person participating in this credit facility) of violate Anti-Corruption Laws, Anti-Terrorism Laws or applicable Sanctions.

Appears in 1 contract

Samples: Receivables Purchase Agreement (SPRINT Corp)

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Anti-Corruption Laws, Anti-Terrorism Laws and Sanctions. (i) Policies and procedures have been implemented and maintained by or on behalf of each of the Borrower Sprint Parties that are designed to achieve compliance by the Borrower Sprint Parties and its their respective Subsidiaries, directors, officers, employees employees, and agents with Anti-Corruption Laws, Anti-Terrorism Laws Laws, and applicable Sanctions, giving due regard to the nature of the Borrower’s business and activities, and the Borrower and, to the knowledge of each of the BorrowerSprint Parties after due inquiry, its respective officers, employees, directors directors, and agents acting in any capacity in connection with or directly benefitting from the credit facility established hereby, are in compliance with Anti-Corruption Laws, Anti-Terrorism Laws Laws, and applicable Sanctions, in each case in all material respects. (aii) None of (a) the Borrower Sprint Parties or any of their respective Subsidiaries or, to the knowledge of the BorrowerSprint Parties, as applicable, any of its their respective directors, officers, employees, or agents that will act in any capacity in connection with or directly benefit from the credit facility established hereby, hereby is a Sanctioned Person, and (b) the Borrower Sprint Parties nor any of their respective Subsidiaries is not organized or resident in a Sanctioned Country. The Borrower represents , and covenants that it will not(c) the Sprint Parties have violated, directly or indirectly, use the proceeds of the credit facility established hereby nor use any Advancebeen found in violation of, or lend, contribute or otherwise make available such proceeds to is under investigation by any subsidiary, joint venture partner or other Person, or in any country or territory that, at the time of such funding, is the subject of Sanctions (and in such case would result in a governmental authority for possible violation of Sanctions), or in any manner that will result in a violation by any Person (including any Person participating in this credit facility) of Anti-Corruption Laws, Anti-Terrorism Laws or Sanctions. (iii) No Purchase or use of proceeds thereof by any Sprint Party in any manner will violate Anti-Corruption Laws, Anti-Terrorism Laws, or applicable Sanctions.

Appears in 1 contract

Samples: Receivables Purchase Agreement (SPRINT Corp)

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