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

Anti-Terrorism Laws; OFAC and Anti-Corruption Laws. (a) Each of the Borrowers and their Subsidiaries is in compliance, in all material respects, with the Sanctions Laws and Regulations. No Borrowing or Letter of Credit, or use of proceeds, will violate or result in the violation of any Sanctions Laws and Regulations applicable to any party hereto. (b) None of (I) the Borrowers or any other Loan Party and (II) the Restricted Subsidiaries that are not Loan Parties or, to the knowledge of the Parent Borrower, any director, manager, officer, agent or employee of the Borrowers or any of their Restricted Subsidiaries, in each case, is a Person (under the Control of a Person) on the list of “Specially Designated Nationals and Blocked Persons” or the target of the limitations or prohibitions under any other Sanctions Laws and Regulations. (c) No part of the proceeds of any Loan will be used for any improper payments, directly or, to the knowledge of the Parent Borrower, indirectly, to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, or any other party (if applicable) in order to obtain, retain or direct business or obtain any improper advantage, in material violation of the United States Foreign Corrupt Practices Act of 1977, as amended and any similar laws, rules or regulations issued, administered or enforced by any Governmental Authority having jurisdiction over any of the Borrowers.

Appears in 7 contracts

Samples: Credit Agreement (Restaurant Brands International Inc.), Credit Agreement (Restaurant Brands International Limited Partnership), Credit Agreement (Restaurant Brands International Inc.)

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Anti-Terrorism Laws; OFAC and Anti-Corruption Laws. (a) Each of the Borrowers Borrower and their its Subsidiaries is in compliance, in all material respects, with the Sanctions Laws and Regulationsapplicable anti-corruption laws. No Borrowing or Letter of Credit, or use of proceeds, will violate or result in the violation of any Sanctions Laws and Regulations applicable to any party hereto. (b) None of (I) the Borrowers Borrower or any other Loan Party and (II) the Restricted Subsidiaries that are not Loan Parties oror their respective directors or officers, to the knowledge of the Parent Borrower, any director, manager, officer, agent or employee of the Borrowers Borrower or any of their its Restricted Subsidiaries, in each case, is a Person (under the Control of a Sanctioned Person) on the list of “Specially Designated Nationals and Blocked Persons” or the target of the limitations or prohibitions under any other Sanctions Laws and Regulations. (c) No part of the proceeds of any Loan will be used for any improper paymentsused, directly or, to the knowledge of the Parent Borrower, indirectly, (i) for any payment to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, or any other party (if applicable) in order to obtain, retain or direct business or obtain any improper advantage, in material violation of the United States Foreign Corrupt Practices Act of 1977, as amended and any similar laws, rules or regulations issued, administered or enforced by any Governmental Authority having jurisdiction over the Borrower, (ii) for the purpose of funding, financing, or facilitating any activities, business, or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the Borrowersextent permitted under Sanctions, or (iii) in any manner that would result in the material violation of any Sanctions applicable to any party hereto.

Appears in 3 contracts

Samples: Credit Agreement (Frontier Communications Parent, Inc.), Credit Agreement (Frontier Communications Parent, Inc.), Credit Agreement (Frontier Communications Parent, Inc.)

Anti-Terrorism Laws; OFAC and Anti-Corruption Laws. (a) Each of the Borrowers Borrower and their its Subsidiaries is in compliance, in all material respects, with the Sanctions Laws and Regulations. No Borrowing or Letter of Credit, or use of proceeds, will violate or result in the violation of any Sanctions Laws and Regulations applicable to any party hereto. (b) None of (I) the Borrowers Borrower or any other Loan Party and (II) the Restricted Subsidiaries that are not Loan Parties or, to the knowledge of the Parent Borrower, any director, manager, officer, agent or employee of the Borrowers Borrower or any of their its Restricted Subsidiaries, in each case, is a Person (under the Control of a Person) on the list of “Specially Designated Nationals and Blocked Persons” or the target of the limitations or prohibitions under any other Sanctions Laws and Regulations. (c) No part of the proceeds of any Loan will be used for any improper payments, directly or, to the knowledge of the Parent Borrower, indirectly, to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, or any other party (if applicable) in order to obtain, retain or direct business or obtain any improper advantage, in material violation of the United States Foreign Corrupt Practices Act of 1977, as amended and any similar laws, rules or regulations issued, administered or enforced by any Governmental Authority having jurisdiction over any of the BorrowersBorrower.

Appears in 3 contracts

Samples: Refinancing and Incremental Facility Amendment (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp)

Anti-Terrorism Laws; OFAC and Anti-Corruption Laws. (a) Each of the Borrowers Borrower and their its Subsidiaries is in compliance, in all material respects, with the Sanctions Laws and RegulationsSanctions. No Borrowing or Letter of Credit, or use of proceeds, will violate or result in the violation of any Sanctions Laws and Regulations applicable to any party hereto. (b) None of (I) the Borrowers Borrower or any other Loan Party and (II) the Restricted Subsidiaries that are not Loan Parties or, to the knowledge of the Parent Borrower, any director, manager, officer, agent or employee of the Borrowers Borrower or any of their its Restricted Subsidiaries, in each case, is a Person (under the Control of a Sanctioned Person) on the list of “Specially Designated Nationals and Blocked Persons” or the target of the limitations or prohibitions under any other Sanctions Laws and Regulations. (c) No part of the proceeds of any Loan will be used for any improper paymentsused, directly or, to the knowledge of the Parent Borrower, indirectly, (i) for any payment to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, or any other party (if applicable) in order to obtain, retain or direct business or obtain any improper advantage, in material violation of the United States Foreign Corrupt Practices Act of 1977, as amended and any similar laws, rules or regulations issued, administered or enforced by any Governmental Authority having jurisdiction over the Borrower, (ii) for the purpose of funding, financing, or facilitating any activities, business, or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the Borrowersextent permitted under Sanctions, or (iii) in any manner that would result in the material violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Samples: Credit Agreement (Frontier Communications Parent, Inc.), Credit Agreement (Frontier Communications Corp)

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Anti-Terrorism Laws; OFAC and Anti-Corruption Laws. (a) Each of the Borrowers Borrower and their its Subsidiaries is in compliance, in all material respects, with the Sanctions Laws and Regulationsapplicable anti-corruption laws. No Borrowing or Letter of Credit, or use of proceeds, will violate or result in the violation of any Sanctions Laws and Regulations applicable to any party hereto. (b) None of (I) the Borrowers Borrower or any other Loan Party and (II) the Restricted Subsidiaries that are not Loan Parties oror their respective directors or officers, to the knowledge of the Parent Borrower, any director, manager, officer, agent or employee of the Borrowers Borrower or any of their its Restricted Subsidiaries, in each case, is a Person (under the Control of a Sanctioned Person) on the list of “Specially Designated Nationals and Blocked Persons” or the target of the limitations or prohibitions under any other Sanctions Laws and Regulations. (c) No part of the proceeds of any Loan will be used for any improper paymentsused, directly or, to the knowledge of the Parent Borrower, indirectly, (i) for any payment to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, or any other party (if applicable) in order to obtain, retain or direct business or obtain any improper advantage, in material violation of the United States Foreign Corrupt Practices Act of 1977, as amended and any similar laws, rules or regulations issued, administered or enforced by any Governmental Authority having jurisdiction over the Borrower, (ii) for the purpose of funding, financing, or facilitating any activities, business, or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the Borrowersextent permitted under Sanctions, or (iii) in any manner that would result in the material violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Credit Agreement (Frontier Communications Parent, Inc.)

Anti-Terrorism Laws; OFAC and Anti-Corruption Laws. (a) Each of the Borrowers Borrower and their its Subsidiaries is in compliance, in all material respects, with the Sanctions Laws and Regulationsapplicable anti-corruption laws. No Borrowing or Letter of Credit, or use of proceeds, will violate or result in the violation of any Sanctions Laws and Regulations applicable to any party hereto. (b) . None of (I) the Borrowers Borrower or any other Loan Party and (II) the Restricted Subsidiaries that are not Loan Parties oror their respective directors or officers, to the knowledge of the Parent Borrower, any director, manager, officer, agent or employee of the Borrowers Borrower or any of their its Restricted Subsidiaries, in each case, is a Person (under the Control of a Sanctioned Person) on the list of “Specially Designated Nationals and Blocked Persons” or the target of the limitations or prohibitions under any other Sanctions Laws and Regulations. (c) . No part of the proceeds of any Loan will be used for any improper paymentsused, directly or, to the knowledge of the Parent Borrower, indirectly, (i) for any payment to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, or any other party (if applicable) in order to obtain, retain or direct business or obtain any improper advantage, in material violation of the United States Foreign Corrupt Practices Act of 1977, as amended and any similar laws, rules or regulations issued, administered or enforced by any Governmental Authority having jurisdiction over the Borrower, (ii) for the purpose of funding, financing, or facilitating any activities, business, or transaction of or with any Sanctioned Person, or in any Sanctioned Country, except to the Borrowersextent permitted under Sanctions, or (iii) in any manner that would result in the material violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Samples: Libor Hardwire Transition Amendment (Frontier Communications Parent, Inc.)

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