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

Anti-Terrorism Laws; Anti-Corruption Laws. (a) No Obligor, any of its Subsidiaries or any officer, directors, employees or Affiliates of any Obligor or any of its Subsidiaries and, to any of the Obligors’ knowledge, none of their agents or representatives, is a Sanctioned Person and no Obligor nor any of its Subsidiaries or Affiliates (i) has more than 5% of its assets in Sanctioned Countries, or (ii) derives more than 5% of its operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. (b) Neither any Obligor nor any of its Subsidiaries is an “enemy” or an “ally of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act or any enabling legislation or executive order relating thereto. (c) Neither any Obligor nor any of its Subsidiaries, directors or officers and, to the Obligors’ knowledge, none of their employees, agents, representatives or Affiliates, is in violation of (i) any Anti-Terrorism Laws or (ii) 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. (d) None of the Obligors (i) is a blocked person described in Section 1 of the Anti-Terrorism Order or (ii) to the best of its knowledge, engages in any dealings or transactions, or is otherwise associated, with any such blocked person. (e) Each Obligor has implemented and maintains in effect policies and procedures designed to ensure compliance by such Obligor, its Subsidiaries and their respective directors, officers, employees, agents and representatives with Anti-Corruption Laws and applicable Sanctions in all material respects.

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (SLR Investment Corp.), Senior Secured Credit Agreement (Solar Capital Ltd.), Senior Secured Credit Agreement (Solar Capital Ltd.)

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Anti-Terrorism Laws; Anti-Corruption Laws. (a) No ObligorNone of the Borrower, any of its Subsidiaries or any officer, directors, employees or Affiliates of any Obligor the Borrower or any of its Subsidiaries and, to any of the Obligors’ knowledge, none of their agents or representatives, is a Sanctioned Person and no Obligor neither the Borrower nor any of its Subsidiaries or Affiliates (i) has more than 5% of its assets in Sanctioned Countries, or (ii) derives more than 5% of its operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. (b) Neither any Obligor the Borrower nor any of its Subsidiaries is an “enemy” or an “ally of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act or any enabling legislation or executive order relating thereto. (c) Neither any Obligor the Borrower nor any of its Subsidiaries, directors or officers and, to the Obligors’ knowledge, none of their employees, agents, representatives or Affiliates, is in violation of (i) any Anti-Terrorism Laws or (ii) 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. (d) None of the Obligors The Borrower (i) is not a blocked person described in Section 1 of the Anti-Terrorism Order or nor (ii) to the best of its knowledge, engages in any dealings or transactions, or is otherwise associated, with any such blocked person. (e) Each Obligor The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by such Obligorthe Borrower, its Subsidiaries and their respective directors, officers, employees, agents and representatives with Anti-Corruption Laws and applicable Sanctions in all material respects.

Appears in 1 contract

Samples: Cash Collateralized Revolving Credit Agreement (Fastly, Inc.)

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