Compliance with Sanctions Laws. Neither the Company nor any of its Subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee or affiliate of the Company or any of its Subsidiaries is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”). The Company will not directly or indirectly use the proceeds of the Rights Offering or the sale of the Investor Shares, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person that, to the Company’s knowledge, is currently subject to any U.S. sanctions administered by OFAC.
Appears in 6 contracts
Samples: Equity Purchase and Commitment Agreement (Hli Operating Co Inc), Delphi Highland Equity Purchase and Commitment Agreement (Highland Capital Management Lp), Equity Purchase and Commitment Agreement (Hli Operating Co Inc)
Compliance with Sanctions Laws. Neither the Company nor any of its Subsidiaries nor any of their respective directors, officers or employees nor, to the knowledge Knowledge of the Company, any director, officer, agent, employee agent or affiliate other Person acting on behalf of the Company or any of its Subsidiaries Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”)Department. The Company will not directly or indirectly use the proceeds of the Rights Offering or the sale of the Investor Shares, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other person or entityPerson, for the purpose of financing the activities of any person Person that, to the Knowledge of the Company’s knowledge, is currently subject to any U.S. sanctions administered by OFACthe Office of Foreign Assets Control of the U.S. Treasury Department.
Appears in 4 contracts
Samples: Equity Commitment Agreement (Goldman Sachs Group Inc), Equity Commitment Agreement (Ubs Ag), Equity Commitment Agreement (Citadel Securities LLC)
Compliance with Sanctions Laws. Neither the Company nor any of its Subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee or affiliate of the Company or any of its Subsidiaries is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“"OFAC”"). The Company will not directly or indirectly use the proceeds of the Rights Offering or the sale of the Investor Shares, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person that, to the Company’s 's knowledge, is currently subject to any U.S. sanctions administered by OFAC.
Appears in 3 contracts
Samples: Equity Purchase and Commitment Agreement (Appaloosa Management Lp), Equity Purchase and Commitment Agreement (Appaloosa Management Lp), Equity Purchase and Commitment Agreement (Harbinger Capital Partners Master Fund I, Ltd.)
Compliance with Sanctions Laws. Neither the Company nor any of its Subsidiaries nor, to the knowledge Knowledge of the Company, any directorof their respective directors, officerofficers, agent, employee employees or affiliate of the Company or any of its Subsidiaries other Persons acting on their behalf with express authority to so act is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”)Department. The Company will not directly or indirectly use the proceeds of the Rights Offering or the sale of the Investor SharesOffering, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other person or entityPerson, for the purpose of financing the activities of any person Person that, to the Knowledge of the Company’s knowledge, is currently subject to any U.S. sanctions administered by OFACthe Office of Foreign Assets Control of the U.S. Treasury Department.
Appears in 2 contracts
Samples: Backstop Commitment Agreement (Penn Virginia Corp), Backstop Commitment Agreement
Compliance with Sanctions Laws. Neither the Company nor any of its Subsidiaries nor, to the knowledge Knowledge of the Company, any directorof their respective directors, officerofficers, agent, employee employees or affiliate of the Company or any of its Subsidiaries other Persons acting on their behalf with express authority to so act is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”)Department. The Neither the Company nor MPM will not directly or indirectly use the proceeds of the Rights Offering or the sale of the Investor SharesOfferings, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other person or entityPerson, for the purpose of financing the activities of any person Person that, to the Knowledge of the Company’s knowledge, is currently subject to any U.S. sanctions administered by OFACthe Office of Foreign Assets Control of the U.S. Treasury Department.
Appears in 1 contract
Samples: Backstop Commitment Agreement (Momentive Performance Materials Inc.)