Anti-Corruption Laws; Sanctions; OFAC. (a) The Borrower has implemented and maintains in effect policies and procedures, if any, as it reasonably deems appropriate, in light of its business and international activities (if any), designed to, in all material respects, ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable Sanctions. (b) The Borrower, its Subsidiaries, and to such Person’s knowledge, its respective officers and employees and, to the knowledge of the Borrower, its directors and agents are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected to result in any Group Member being designated as a Sanctioned Person. (c) None of (i) the Borrower, any Subsidiary or to the knowledge of the Borrower or such Subsidiary any of their respective directors, officers or employees, or (ii) to the knowledge of the Borrower, any agent of the Borrower that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. (d) The Borrower will not directly or, to its knowledge, indirectly use the proceeds from the Loans or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person, for the purpose of financing the activities of any Person currently subject to any applicable Sanctions.
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Samples: Senior Secured Super Priority Debtor in Possession Credit Agreement (Lilis Energy, Inc.), Senior Secured Revolving Credit Agreement (Lilis Energy, Inc.)
Anti-Corruption Laws; Sanctions; OFAC. (a) The Borrower has implemented and maintains in effect policies and procedures, if any, as it reasonably deems appropriate, in light of its business and international activities (if any), procedures designed to, in all material respects, to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable Sanctions.
(b) The Borrower, its Subsidiaries, their respective directors and to such Person’s knowledgeofficers, its respective officers and employees and, to the knowledge of the Borrower, its directors employees, agents and agents the other Permitted L/C Parties are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected to result in any Group Member being designated as a Sanctioned Person.
(c) None of (i) the Borrower, any Subsidiary or to the knowledge of the Borrower or such Subsidiary any of their respective directors, officers or employees, or (ii) to the knowledge of the Borrower, any other Permitted L/C Party or any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person.
(d) . The Borrower will not directly or, to its knowledge, indirectly use the proceeds from the Loans or lend, contribute or otherwise make available such proceeds to any Subsidiary, other Permitted L/C Party, joint venture partner or other Person, for the purpose of financing the activities of any Person currently subject to any applicable Sanctions, or otherwise in violation of any Anti-Corruption Law.
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Samples: Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC)
Anti-Corruption Laws; Sanctions; OFAC. (a) The Parent and the Borrower has have implemented and maintains maintain in effect policies and procedures, if any, as it reasonably deems appropriate, in light of its business and international activities (if any), procedures designed to, in all material respects, to ensure compliance by Parent, the Borrower, its their respective Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable Sanctions.
(b) The Parent, the Borrower, its their respective Subsidiaries, and to such Person’s knowledge, its their respective officers and employees and, to the knowledge of Parent and the Borrower, its their respective directors and agents are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected to result in any Group Member Loan Party being designated as a Sanctioned Person.
(c) None of (i) Parent, the Borrower, any Subsidiary or to the knowledge of the Borrower or such Subsidiary any of their respective directorsdirector, officers or employees, or (ii) to the knowledge of Parent and the Borrower, any agent of Parent or the Borrower that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person.
(d) The . Parent and the Borrower will not directly or, to its Parent’s or the Borrower’s direct knowledge, indirectly use the proceeds from the Loans or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person, for the purpose of financing the activities of any Person currently subject to any applicable Sanctions.
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Samples: Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp), Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp)
Anti-Corruption Laws; Sanctions; OFAC. (a) The Borrower has implemented and maintains in effect policies and procedures, if any, as it reasonably deems appropriate, in light of its business and international activities (if any), procedures designed to, in all material respects, to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable Sanctions.
(b) The Borrower, its Subsidiaries, their respective directors and to such Person’s knowledgeofficers, its respective officers and employees and, to the knowledge of the Borrower, its directors employees, and agents are in compliance with Anti-Anti- Corruption Laws and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected to result in any Group Member being designated as a Sanctioned Person.
(c) None of (i) the Borrower, any Subsidiary or to the knowledge of the Borrower or such Subsidiary any of their respective directors, officers or employees, or (ii) to the knowledge of the Borrower, any agent of the Borrower employees that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person.
(d) . The Borrower will not directly or, to its knowledge, indirectly use the proceeds from the Term Loans or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person, for the purpose of financing the activities of any Person currently subject to any applicable Sanctions, or otherwise in violation of any Anti-Corruption Law.
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