Common use of Compliance with Laws; No Default Clause in Contracts

Compliance with Laws; No Default. Each Credit Party and, with respect to clauses (a)(i), (a)(ii) and (b) of this Section 8.10, to the knowledge of such Credit Parties, each of their respective directors, officers, employees, agents, affiliates or representatives, (a) is in compliance with all Requirements of Law applicable to it or its property, including without limitation, the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended), including (i) the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”) and any other enabling legislation or executive order relating thereto and (ii) the United States Foreign Corrupt Practices Act of 1977 as amended, and the rules and regulations promulgated thereunder (collectively, the “FCPA”), (b) is not (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction, (c) is in compliance with the FCPA, the UK Xxxxxxx Xxx 0000, and other similar anti-corruption legislation in other jurisdictions (collectively, the “Anti-Corruption Laws”) and have instituted and maintained policies and procedures designed to promote and achieve compliance with the Anti-Corruption Laws, except, in each case, where the failure to be in compliance with the Anti-Corruption Laws would not reasonably be expected to result in a Material Adverse Effect, and (d) except where the failure to be in compliance would not reasonably be expected to result in a Material Adverse Effect, is in compliance with the Anti-Money Laundering Laws. No Default has occurred and is continuing.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Bountiful Co), Second Lien Credit Agreement (Bountiful Co)

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Compliance with Laws; No Default. Each Credit Party and, with respect to clauses (a)(i), (a)(ii) and (b) of this Section 8.10, to the knowledge of such Credit Parties, each of their respective directors, officers, employees, employees or agents, affiliates or representatives, (a) is in compliance with all Requirements of Law applicable to it or its property, except, in each case, where the failure to be in copliance would not reasonably be expected to result in a Material Adverse Effect including without limitation, the Patriot Act and the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended), including (i) regulations administered by the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”) and any other enabling legislation or executive order relating thereto and (ii) the United States Foreign Corrupt Practices Act of 1977 as amended, and the rules and regulations promulgated thereunder (collectively, the “FCPA”), (b) is not (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction, (c) is in compliance with the FCPAFCPA and, to the UK Xxxxxxx Xxx 0000extent applicable, and other similar anti-corruption legislation in other applicable jurisdictions (collectively, the “Anti-Corruption Laws”) and have instituted and maintained policies and procedures designed to promote and achieve compliance with the Anti-Corruption Laws, except, in each case, where the failure to be in compliance with the Anti-Corruption Laws would not reasonably be expected to result in a Material Adverse Effect, and (d) except where the failure to be in compliance would not reasonably be expected to result in a Material Adverse Effect, is in compliance with the Anti-Money Laundering Laws. No Default has occurred and is continuing.

Appears in 2 contracts

Samples: Credit Agreement (BrightView Holdings, Inc.), Credit Agreement (BrightView Holdings, Inc.)

Compliance with Laws; No Default. Each Credit Party and, with respect to clauses (a)(i), (a)(ii) and (b) of this Section 8.10, to the knowledge of such Credit Parties, each of their respective directors, officers, employees, agents, affiliates or representatives, (a) is in compliance with all Requirements of Law applicable to it or its property, including without limitation, the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended), including (i) the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”) and any other enabling legislation or executive order relating thereto and (ii) the United States Foreign Corrupt Practices Act of 1977 as amended, and the rules and regulations promulgated thereunder (collectively, the “FCPA”), (b) is not (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated nationalsNationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction, (c) is in compliance with the FCPA, the UK Xxxxxxx Xxx 0000, and other similar anti-corruption legislation in other jurisdictions (collectively, the “Anti-Corruption Laws”) and have instituted and maintained policies and procedures designed to promote and achieve compliance with the Anti-Corruption Laws, except, in each case, where the failure to be in compliance with the Anti-Corruption Laws would not reasonably be expected to result in a Material Adverse Effect, and (d) except where the failure to be in compliance would not reasonably be expected to result in a Material Adverse Effect, is in compliance with the Anti-Money Laundering Laws. No Default has occurred and is continuing.

Appears in 1 contract

Samples: Credit Agreement (Bountiful Co)

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Compliance with Laws; No Default. Each Credit Party and, with respect to clauses (a)(i), (a)(ii) and (b) of this Section 8.10, to the knowledge of such Credit Parties, each of their respective directors, officers, employees, employees or agents, affiliates or representatives, (a) is in compliance with all Requirements of Law applicable to it or its property, including without limitation, the Patriot Act and the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended), including (i) regulations administered by the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”) and any other enabling legislation or executive order relating thereto and (ii) the United States Foreign Corrupt Practices Act of 1977 as amended, and the rules and regulations promulgated thereunder (collectively, the “FCPA”), (b) is not (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction, (c) is in compliance with the FCPAFCPA and, to the UK Xxxxxxx Xxx 0000extent applicable, and other similar anti-corruption legislation in other jurisdictions (collectively, the “Anti-Corruption Laws”) and have instituted and maintained policies and procedures designed to promote and achieve compliance with the Anti-Corruption Laws, except, in each case, where the failure to be in compliance with the Anti-Corruption Laws would not reasonably be expected to result in a Material Adverse Effect, and (d) except where the failure to be in compliance would not reasonably be expected to result in a Material Adverse Effect, is in compliance with the Anti-Money Laundering Laws. No Default has occurred and is continuing.

Appears in 1 contract

Samples: Credit Agreement (BrightView Holdings, Inc.)

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