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

Anti-Money Laundering, Economic Sanctions Laws and Anti-Corruption Laws. (a) To the extent applicable, each of Parent Borrower and its Subsidiaries, and to the knowledge of Parent Borrower and any other Credit Party, any director, officer, employee, agent or Affiliate of Parent Borrower or any Subsidiary, is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and other economic or financial sanctions imposed by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”), and economic sanctions administered by the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom (“Sanctions”), (ii) the Patriot Act and (iii) laws, rules and regulations of any jurisdiction applicable to Borrower and its Subsidiaries relating to bribery, corruption or money laundering (“Anti-Corruption Laws”). (b) No part of the proceeds of the Loans will be used, directly or indirectly, in violation of any Anti-Corruption Laws or applicable Sanctions. (c) No Credit Party, any Subsidiary of Parent Borrower, nor to the knowledge of any Credit Party, any director, officer, employee, agent or Affiliate of a Credit Party or any Subsidiary of Parent Borrower, is the subject of any Sanctions. The proceeds of the Loans will not be used for the purpose of financing the activities of any Person, or in any country, region or territory, that, at the time of such financing, is the target of Sanctions, or in any manner that would result in the violation of Sanctions applicable to any party hereto.

Appears in 4 contracts

Samples: Credit Agreement (Live Nation Entertainment, Inc.), Credit Agreement (Live Nation Entertainment, Inc.), Credit Agreement (Live Nation Entertainment, Inc.)

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Anti-Money Laundering, Economic Sanctions Laws and Anti-Corruption Laws. (a) To the extent applicable, each of Parent the Borrower and its Subsidiaries, and to the knowledge of Parent the Borrower and any other Credit Party, any director, officer, employee, employee or agent or Affiliate of Parent the Borrower or any Subsidiary, is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and other economic or financial sanctions imposed by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”), the Canadian Sanctions List and economic sanctions administered by the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom (“Sanctions”), (ii) the Patriot Act and (iii) laws, rules and regulations of any jurisdiction applicable to Borrower and its Subsidiaries relating to bribery, corruption or money laundering laundering, including the Canadian AML Acts and the Corruption of Foreign Public Officials Act (Canada) collectively, “Anti-Corruption Laws”). (b) No part of the proceeds of the Loans will be used, directly or indirectly, in violation of any Anti-Corruption Laws or applicable Sanctions. (c) No Credit Party, any Subsidiary of Parent the Borrower, nor to the knowledge of any Credit Party, any director, officer, employee, employee or agent or Affiliate of a Credit Party or any Subsidiary of Parent the Borrower, is the subject of any Sanctions. The proceeds of the Loans will not be used for the purpose of financing the activities of any Person, or in any country, region or territory, that, at the time of such financing, is the target of Sanctions, or in any manner that would result in the violation of Sanctions applicable to any party hereto.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Akumin Inc.), Revolving Credit Agreement (Akumin Inc.)

Anti-Money Laundering, Economic Sanctions Laws and Anti-Corruption Laws. (a) To the extent applicable, each of Parent Borrower and its Subsidiaries, and to the knowledge of Parent Borrower and any other Credit Party, any director, officer, employee, agent or Affiliate of Parent Borrower or any Subsidiary, is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and other economic or financial sanctions imposed by each of the U.S. foreign assets control regulations of the United States government, including those administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”)) (31 CFR Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto and economic sanctions administered by the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom (“Sanctions”), (ii) the Patriot Act and (iii) laws, rules and regulations of any jurisdiction applicable to Borrower and its Subsidiaries relating to bribery, corruption or money laundering (“Anti-Corruption Laws”). (b) No part of the proceeds of the Loans will be used, directly or indirectly, in violation of any Anti-Corruption Laws or applicable Sanctions. (c) No Credit Party, any Subsidiary of Parent Borrower, nor to the knowledge of any Credit Party, any director, officer, employee, agent or Affiliate of a Credit Party or any Subsidiary of Parent Borrower, is the subject of to any Sanctions. The proceeds of the Loans will not be used for the purpose of financing the activities of any Person, Person currently subject to any Sanctions or in any country, region country or territory, that, at the time of such financing, territory which is itself the target of Sanctions, or in any manner that would result in the violation of Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Live Nation Entertainment, Inc.)

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Anti-Money Laundering, Economic Sanctions Laws and Anti-Corruption Laws. (a) To the extent applicable, each of Parent Borrower and its Subsidiaries, and to the knowledge of Parent Borrower and any other Credit Party, any director, officer, employee, agent or Affiliate of Parent Borrower or any Subsidiary, is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and other each of the foreign assets control regulations of the United Statesother economic or financial sanctions imposed by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”)) (31 CFR Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and economic sanctions administered by the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom (“Sanctions”), (ii) the Patriot Act and (iii) laws, rules and regulations of any jurisdiction applicable to Borrower and its Subsidiaries relating to bribery, corruption or money laundering (“Anti-Corruption Laws”). (b) No part of the proceeds of the Loans will be used, directly or indirectly, in violation of any Anti-Corruption Laws or applicable Sanctions. (c) No Credit Party, any Subsidiary of Parent Borrower, nor to the knowledge of any Credit Party, any director, officer, employee, agent or Affiliate of a Credit Party or any Subsidiary of Parent Borrower, is the subject of toof any Sanctions. The proceeds of the Loans will not be used for the purpose of financing the activities of any PersonPerson currently subject to any Sanctions, or in any country, region or territoryterritory which is itself, that, at the time of such financing, is the target of Sanctions, or in any manner that would result in the violation of Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Live Nation Entertainment, Inc.)

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