Common use of Compliance With Laws; Anti-Terrorism Laws Clause in Contracts

Compliance With Laws; Anti-Terrorism Laws. (a) Except as a result of, and in connection with, the Chapter 11 Cases, each Loan Party is in compliance with the requirements of all applicable Laws (including Health Care Laws), except for such Laws the noncompliance with which could not reasonably be expected to have a Material Adverse Effect. (b) None of the Loan Parties and, to the knowledge of the Loan Parties, none of their Affiliates (i) is in violation of any Anti-Terrorism Law, (ii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law, (iii) is a Blocked Person, or is controlled by a Blocked Person, (iv) is acting or will act for or on behalf of a Blocked Person, (v) is associated with, or will become associated with, a Blocked Person or (vi) is providing, or will provide, material, financial or technical support or other services to or in support of acts of terrorism of a Blocked Person. No Loan Party or, to the knowledge of any Loan Party, any of its Affiliates or agents acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement, (A) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (B) deals in, or otherwise engages in any transaction relating to, any property or interest in property blocked pursuant to Executive Order No. 13224, any similar executive order or other Anti-Terrorism Law.

Appears in 2 contracts

Samples: Multi Draw Senior Secured Super Priority Priming Debtor in Possession Credit Agreement and Guaranty (Sientra, Inc.), Multi Draw Senior Secured Super Priority Priming Debtor in Possession Credit Agreement and Guaranty (Sientra, Inc.)

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Compliance With Laws; Anti-Terrorism Laws. (a) Except as a result of, and in connection with, the Chapter 11 Cases, each Loan Each Credit Party is in compliance with the requirements of all applicable Laws (including Health Care Laws), except for such Laws the noncompliance with which could not reasonably be expected to have a Material Adverse Effect. (b) None of the Loan Parties andCredit Parties, to the knowledge or any of the Loan Partiesentities shown in Schedule 3.4(a) or Schedule 3.4(b), none as applicable, or any of their Affiliates respective agents acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement is (i) is in violation of any Anti-Terrorism Law, (ii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law, or (iii) is a Blocked Person, or is controlled by a Blocked Person, (iv) is acting or will act for or on behalf of a Blocked Person, (v) is associated with, or will become associated with, a Blocked Person or (vi) is providing, or will provide, material, financial or technical support or other services to or in support of acts of terrorism of a Blocked Person. No Loan Credit Party ornor, to the knowledge of any Loan Credit Party, any of its Affiliates or agents acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement, (Ax) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (By) deals in, or otherwise engages in any transaction relating to, any property or interest in property blocked pursuant to Executive Order No. 13224, any similar executive order or other Anti-Terrorism Law.

Appears in 1 contract

Samples: Credit and Security Agreement (American Retirement Corp)

Compliance With Laws; Anti-Terrorism Laws. (a) Except as a result of, and in connection with, the Chapter 11 Cases, each Loan Each Note Party is in compliance with the requirements of all applicable Laws (including Health Care Laws), except for such Laws the noncompliance with which could not reasonably be expected to have a Material Adverse Effect. (b) None of the Loan Parties and, to the knowledge of the Loan Note Parties, none their Affiliates or any of their Affiliates respective agents acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement is (i) is in violation of any Anti-Terrorism Law, (ii) engages engaged in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law, (iii) is a Blocked Person, or is controlled by a Blocked Person, (iv) is acting or will act for or on behalf of a Blocked Person, (v) is associated with, or will become associated with, a Blocked Person or (vi) is providing, or will provide, material, financial or technical technological support or other services to or in support of acts of terrorism of a Blocked Person. No Loan Note Party ornor, to the knowledge of any Loan Note Party, any of its Affiliates or agents acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement, (Ax) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (By) deals in, or otherwise engages in any transaction relating to, any property or interest in property blocked pursuant to Executive Order No. 13224, any similar executive order or other Anti-Terrorism Law.

Appears in 1 contract

Samples: Securities Purchase Agreement (Loud Technologies Inc)

Compliance With Laws; Anti-Terrorism Laws. (a) Except as a result of, and in connection with, the Chapter 11 Cases, each Loan Each Credit Party is in compliance with the requirements of all applicable Laws (including Health Care Laws), except for such Laws the noncompliance with which could would not reasonably be expected to have a Material Adverse Effect. (b) None of the Loan Credit Parties and, to the knowledge of the Loan Credit Parties, none of their Affiliates (i) is in violation of any Anti-Corruption Law, (ii) is in violation of any Anti-Terrorism Law, (iiiii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law, (iiiiv) is a Blocked Person, or is controlled by a Blocked Person, (ivv) is acting or will act for or on behalf of a Blocked Person, (vvi) is associated with, or will become associated with, a Blocked Person or (vivii) is providing, or will provide, material, financial or technical support or other services to or in support of acts of terrorism of a Blocked Person. No Loan Credit Party ornor, to the knowledge of any Loan Credit Party, any of its Affiliates or agents acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement, (A) conducts any business or engages in making or receiving any contribution of funds, goods or services directly or indirectly to or for the benefit of any Blocked PersonPerson or Sanctioned Country, or (B) deals in, or otherwise engages in any transaction directly or indirectly relating to, any property Property or interest in property Property blocked pursuant to Executive Order No. 13224, any similar executive order or other Anti-Terrorism Law.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Shimmick Corp)

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Compliance With Laws; Anti-Terrorism Laws. (a) Except as a result of, and in connection with, the Chapter 11 Cases, each Loan Each Credit Party is in compliance with the requirements of all applicable Laws (including Health Care Laws), except for such Laws the noncompliance with which could not reasonably be expected to have a Material Adverse Effect. (b) None of the Loan Credit Parties and, to the knowledge of the Loan Credit Parties, none of their Affiliates (i) is in violation of any Anti-Terrorism Law, (ii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of MidCap / Cerus / A&R Credit, Security and Guaranty Agreement (Term Loan) the prohibitions set forth in any Anti-Terrorism Law, (iii) is a Blocked Person, or is controlled by a Blocked Person, (iv) is acting or will act for or on behalf of a Blocked Person, (v) is associated with, or will become associated with, a Blocked Person or (vi) is providing, or will provide, material, financial or technical support or other services to or in support of acts of terrorism of a Blocked Person. No Loan Credit Party ornor, to the knowledge of any Loan Credit Party, any of its Affiliates or agents acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement, (A) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (B) deals in, or otherwise engages in any transaction relating to, any property or interest in property blocked pursuant to Executive Order No. 13224, any similar executive order or other Anti-Terrorism Law.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Term Loan) (Cerus Corp)

Compliance With Laws; Anti-Terrorism Laws. (a) Except as a result of, and in connection with, the Chapter 11 Cases, each Loan Each Credit Party is in compliance with the requirements of all applicable Laws (including Health Care Laws), except for such Laws the noncompliance with which could not reasonably be expected to have a Material Adverse Effect. (b) None of the Loan Credit Parties andnor, to the knowledge of the Loan PartiesBorrower, none any of their Affiliates or any of their respective agents acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement is (i) is in violation of any Anti-Terrorism Law, (ii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law, or (iii) is a Blocked Person, or is controlled by a Blocked Person, (iv) is acting or will act for or on behalf of a Blocked Person, (v) is associated with, or will become associated with, a Blocked Person or (vi) is providing, or will provide, material, financial or technical support or other services to or in support of acts of terrorism of a Blocked Person. No Loan Credit Party ornor, to the knowledge of any Loan PartyBorrower, any of its Affiliates or agents acting or benefiting in any capacity in connection with the transactions contemplated by this Agreement, (Ax) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (By) deals in, or otherwise engages in any transaction relating to, any property or interest in property blocked pursuant to Executive Order No. 13224, any similar executive order or other Anti-Terrorism Law.

Appears in 1 contract

Samples: Credit Agreement (Medical Properties Trust Inc)

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