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

Anti-Terrorism Laws and Sanctions. Each Loan Party has implemented and maintains in effect policies and procedures designed to ensure compliance by such Loan Party, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Terrorism Laws and applicable Sanctions, and such Loan Party, its Subsidiaries and their respective officers and directors and, to the knowledge of such Loan Party, its employees and agents, are in compliance with Anti-Terrorism 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 Loan Party being designated as a Sanctioned Person. None of (a) any Loan Party, any Subsidiary or any of their respective directors, officers or, to the knowledge of any such Loan Party or Subsidiary, employees, or (b) to the knowledge of any such Loan Party or Subsidiary, any agent of such Loan Party or any Subsidiary that will 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, Transaction or other transaction contemplated by this Agreement or the other Loan Documents will violate Anti-Terrorism Laws or applicable Sanctions.

Appears in 3 contracts

Samples: Credit Agreement (Big Lots Inc), Credit Agreement (Big Lots Inc), Credit Agreement (Big Lots Inc)

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Anti-Terrorism Laws and Sanctions. Each Loan Party has implemented and maintains in effect policies and procedures designed to ensure compliance by such Loan Party, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Terrorism Laws and applicable Sanctions, and such Loan Party, its Subsidiaries and their respective officers and directors and, to the knowledge of such Loan Party, its employees and agents, are in compliance with Anti-Terrorism 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 Loan Party being designated as a Sanctioned Person. None of (a) any Loan Party, any Subsidiary or any of their respective directors, officers or, to the knowledge of any such Loan Party or Subsidiary, employees, or (b) to the knowledge of any such Loan Party or Subsidiary, any agent of such Loan Party or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of CreditBorrowing, use of proceeds, Transaction Transactions or other transaction contemplated by this Agreement or the other Loan Documents will violate Anti-Terrorism Laws or applicable Sanctions.

Appears in 2 contracts

Samples: Credit Agreement (Big Lots Inc), Credit Agreement (Big Lots Inc)

Anti-Terrorism Laws and Sanctions. Each Loan Lessee Party has implemented and maintains in effect policies and procedures designed to ensure compliance by such Loan Lessee Party, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Anti- Terrorism Laws and applicable Sanctions, and such Loan Lessee Party, its Subsidiaries and their respective officers and directors and, to the knowledge of such Loan Lessee Party, its employees and agents, are in compliance with Anti-Terrorism 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 Loan Lessee Party being designated as a Sanctioned Person. None of (a) any Loan Lessee Party, any Subsidiary or any of their respective directors, officers or, to the knowledge of any such Loan Lessee Party or Subsidiary, employees, or (b) to the knowledge of any such Loan Lessee Party or Subsidiary, any agent of such Loan Lessee Party or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of CreditFunding, use of proceeds, Transaction or other transaction contemplated by this Agreement or the other Loan Documents Overall Transaction will violate Anti-Terrorism Laws or applicable Sanctions.. (p)

Appears in 1 contract

Samples: Participation Agreement (Big Lots Inc)

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Anti-Terrorism Laws and Sanctions. Each Loan Lessee Party has implemented and maintains in effect policies and procedures designed to ensure compliance by such Loan Lessee Party, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Terrorism Laws and applicable Sanctions, and such Loan Lessee Party, its Subsidiaries and their respective officers and directors and, to the knowledge of such Loan Lessee Party, its employees and agents, are in compliance with Anti-Terrorism 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 Loan Lessee Party being designated as a Sanctioned Person. None of (a) any Loan Lessee Party, any Subsidiary or any of their respective directors, officers or, to the knowledge of any such Loan Lessee Party or Subsidiary, employees, or (b) to the knowledge of any such Loan Lessee Party or Subsidiary, any agent of such Loan Lessee Party or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of CreditFunding, use of proceeds, Transaction or other transaction contemplated by this Agreement or the other Loan Documents Overall Transaction will violate Anti-Terrorism Laws or applicable Sanctions.

Appears in 1 contract

Samples: Participation Agreement (Big Lots Inc)

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