Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law. (b) Each Credit Party and each Subsidiary of each Credit Party is in compliance with all applicable laws related to terrorism or money laundering including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such anti-money laundering laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party. (c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 (“Anti-Corruption Laws”). None of the Credit Parties or any Subsidiary, nor to the knowledge of any Credit Party, any director, officer, agent, employee, or other person acting on behalf of such Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The Credit Parties and each Subsidiary will, to the extent necessary or applicable to their business, maintain policies and procedures designed to promote compliance with applicable Anti-Corruption Laws.
Appears in 4 contracts
Sources: Credit Agreement (Black Rock Coffee Bar, Inc.), Senior Credit Facility (Black Rock Coffee Bar, Inc.), Credit Agreement (Black Rock Coffee Bar, Inc.)
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (“Anti-Corruption Laws”). None of the Credit Parties Party or any Subsidiary, nor to the knowledge of any the Credit Party, any director, officer, agent, employee, or other person acting on behalf of such the Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. .
(d) The Credit Parties Party and each Subsidiary will, has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote ensure compliance by the Credit Parties, their Subsidiaries and their respective directors, officers, employees and agents with applicable Sanctions, Anti-Money Laundering Laws and Anti-Corruption Laws.
Appears in 3 contracts
Sources: Credit Agreement (Rimini Street, Inc.), Credit Agreement (Rimini Street, Inc.), Credit Agreement (Rimini Street, Inc.)
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption and bribery laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (“Anti-Corruption Laws”). None of the Credit Parties Party or any Subsidiary, nor to the knowledge of any the Credit Party, any director, officer, agent, employee, or other person acting on behalf of such the Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The .
(d) Each Credit Parties Party and each Subsidiary will, of each Credit Party has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote ensure compliance by the Credit Parties, their Subsidiaries and their respective directors, officers, employees and agents with applicable Sanctions, Anti-Money Laundering Laws and Anti-Corruption Laws.
Appears in 2 contracts
Sources: Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp)
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (ai) Each Credit Party and each Subsidiary of each Credit Party The Corporation is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party The Corporation (i) is not a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is not a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is not a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or and (iv) is not owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement Debenture or any other Loan Transaction Document would be prohibited by U.S. law.
(bii) Each Credit Party and each Subsidiary of each Credit Party The Corporation is in compliance with all applicable laws related to terrorism or money laundering including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal federal, provincial or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such anti-money laundering laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Partythe Corporation.
(ciii) Each Credit Party and each Subsidiary of each Credit Party The Corporation is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 (“Anti-Corruption Laws”). None of Neither the Credit Parties or any SubsidiaryCorporation, nor to the knowledge of any Credit Partythe Corporation, any director, officer, agent, employee, or other person acting on behalf of such Credit Party or any Subsidiarythe Corporation, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The Credit Parties Corporation has instituted and each Subsidiary will, will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote compliance with applicable Anti-Corruption Laws.
Appears in 2 contracts
Sources: Proposal Agreement (Acreage Holdings, Inc.), Proposal Agreement (Canopy Growth Corp)
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Loan Party and each Subsidiary of each Credit Loan Party is in compliance in all material respects with all U.S. and European Union economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and ), the U.S. State DepartmentDepartment and the European Union or any member state thereof. No Credit Loan Party and no Subsidiary of a Credit Loan Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law.
(b) Each Credit Loan Party and each Subsidiary of each Credit Loan Party is in compliance in all material respects with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to material non-compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Loan Party and each Subsidiary of each Credit Loan Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 (“Anti-Corruption Laws”). None of the Credit Parties or any Subsidiary, nor to the knowledge of any Credit Party, any director, officer, agent, employee, or other person acting on behalf of such Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The Credit Parties and each Subsidiary will, to the extent necessary or applicable to their business, maintain policies and procedures designed to promote compliance with applicable Anti-Corruption Laws.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (DoubleVerify Holdings, Inc.), Amendment and Restatement Agreement (DoubleVerify Holdings, Inc.)
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 (“Anti-Corruption Laws”). None of the Credit Parties or any Subsidiary, nor to the knowledge of any Credit Party, any director, officer, agent, employee, or other person acting on behalf of such Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The Credit Parties and each Subsidiary will, to the extent necessary or applicable to their business, maintain policies and procedures designed to promote compliance with applicable Anti-Corruption Laws.
Appears in 1 contract
Sources: Credit Agreement
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (“Anti-Corruption Laws”). None of the Credit Parties Party or any Subsidiary, nor to the knowledge of any the Credit Party, any director, officer, agent, employee, or other person acting on behalf of such the Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. .
(d) The Credit Parties Party and each Subsidiary will, has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote ensure compliance by the Credit Parties, their Subsidiaries and their respective directors, officers, employees and agents with applicable Sanctions, Anti-Money Laundering Laws and Anti- Corruption Laws.
Appears in 1 contract
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Credit Document would be prohibited by U.S. law.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance with all applicable laws related to terrorism or is in compliance in all material respects with all laws related to money laundering including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such anti-money laundering laws is pending or threatened in writing to the knowledge of each against any Credit Party and each or any Subsidiary of each a Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 B▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (“Anti-Corruption Laws”). None No Credit Party nor any Subsidiary of the a Credit Parties or any SubsidiaryParty, nor nor, to the knowledge of any Credit Party, any director, officer, agent, employee, or other person acting on behalf of such a Credit Party or any SubsidiarySubsidiary of a Credit Party, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The Each Credit Parties Party and each Subsidiary will, of a Credit Party has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote compliance with applicable Anti-Corruption Laws.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Waitr Holdings Inc.)
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person identified on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person Person who is otherwise the target of U.S. economic sanctions laws Sanctions such that a U.S. person Person cannot deal or otherwise engage in business transactions with such personPerson, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”) (as of the Closing Date, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine, and the so-called Donetsk People’s Republic (DNR) and Luhansk People’s Republic (LNR) regions of Ukraine), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person identified on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. lawSanctions.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all respects with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), and any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 (“Anti-Corruption Laws”). None of the Credit Parties Party or any Subsidiary, nor to the knowledge of any the Credit Party, any director, officer, agent, employee, or other person acting on behalf of such the Credit Party or any SubsidiarySubsidiary (in each case, in their capacity as such), has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The .
(d) Each Credit Parties Party and each Subsidiary will, has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures reasonably designed to promote and achieve compliance by the Credit Parties, their Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Money Laundering Laws, Anti-Corruption LawsLaws and applicable Sanctions.
Appears in 1 contract
Sources: Credit Agreement (Phreesia, Inc.)
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Credit Document would be prohibited by U.S. law.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance with all applicable laws related to terrorism or is in compliance in all material respects with all laws related to money laundering including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such anti-money laundering laws is pending or threatened in writing to the knowledge of each against any Credit Party and each or any Subsidiary of each a Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (“Anti-Corruption Laws”). None No Credit Party nor any Subsidiary of the a Credit Parties or any SubsidiaryParty, nor nor, to the knowledge of any Credit Party, any director, officer, agent, employee, or other person acting on behalf of such a Credit Party or any SubsidiarySubsidiary of a Credit Party, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The Each Credit Parties Party and each Subsidiary will, of a Credit Party has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote compliance with applicable Anti-Corruption Laws.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Waitr Holdings Inc.)
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 (“Anti-Corruption Laws”). None of the Credit Parties Party or any Subsidiary, nor to the knowledge of any the Credit Party, any director, officer, agent, employee, or other person acting on behalf of such the Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. .
(d) The Credit Parties Party and each Subsidiary will, has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote ensure compliance by the Credit Parties, their Subsidiaries and their respective directors, officers, employees and agents with applicable Sanctions, Anti-Money Laundering Laws and Anti-Corruption Laws.
Appears in 1 contract
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party The Borrower and each Subsidiary of each Credit Party the Borrower is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party The Borrower is not and no Subsidiary of a Credit Party the Borrower is (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Credit Document would be prohibited by U.S. law.
(b) Each Credit Party The Borrower and each Subsidiary of each Credit Party the Borrower is in compliance with all applicable laws related to terrorism or is in compliance in all material respects with all laws related to money laundering including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such anti-money laundering laws is pending or threatened in writing to against the knowledge of each Credit Party and each Borrower or any Subsidiary of each Credit Partythe Borrower.
(c) Each Credit Party The Borrower and each Subsidiary of each Credit Party the Borrower is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 B▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (“Anti-Corruption Laws”). None The Borrower has not, nor has any Subsidiary of the Credit Parties or any SubsidiaryBorrower, nor nor, to the knowledge of any Credit Partythe Borrower, has any director, officer, agent, employee, or other person acting on behalf of such Credit Party the Borrower or any SubsidiarySubsidiary of the Borrower, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The Credit Parties Borrower and each Subsidiary will, of the Borrower has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote compliance with applicable Anti-Corruption Laws.
Appears in 1 contract
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption and bribery laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 (“Anti-Corruption Laws”). None of the Credit Parties Party or any Subsidiary, nor to the knowledge of any the Credit Party, any director, officer, agent, employee, or other person acting on behalf of such the Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The .
(d) Each Credit Parties Party and each Subsidiary will, of each Credit Party has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote ensure compliance by the Credit Parties, their Subsidiaries and their respective directors, officers, employees and agents with applicable Sanctions, Anti-Money Laundering Laws and Anti-Corruption Laws.
Appears in 1 contract
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person identified on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person Person who is otherwise the target of U.S. economic sanctions laws Sanctions such that a U.S. person Person cannot deal or otherwise engage in business transactions with such personPerson, (iii) is a Person organized or resident in a country or territory that itself is subject to comprehensive Sanctions (a “Sanctioned Country”) (as of the Closing Date, Cuba, Iran, North Korea, the Crimea region of Ukraine, the so-called Donetsk People’s Republic of Ukraine, the so-called Luhansk People’s Republic of Ukraine or any other covered region of Ukraine identified pursuant to Executive Order 14065), or (iv) is 50% or greater owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person identified on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. lawSanctions.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all respects with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), and any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iviii) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 (“Anti-Corruption Laws”). None of the Credit Parties Party or any Subsidiary, nor to the knowledge of any the Credit Party, any director, officer, agent, employee, or other person acting on behalf of such the Credit Party or any SubsidiarySubsidiary (in each case, in their capacity as such), has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The .
(d) Each Credit Parties Party and each Subsidiary will, has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures reasonably designed to promote and achieve compliance by the Credit Parties, their Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Money Laundering Laws, Anti-Corruption LawsLaws and applicable Sanctions.
Appears in 1 contract
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (“Anti-Corruption Laws”). None of the Credit Parties Party or any Subsidiary, nor to the knowledge of any the Credit Party, any director, officer, agent, employee, or other person acting on behalf of such the Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. .
(d) The Credit Parties Party and each Subsidiary will, has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote ensure compliance by the Credit Parties, their Subsidiaries and their respective directors, officers, employees and agents with applicable Sanctions, Anti-Money Laundering Laws and Anti-Corruption Laws.
Appears in 1 contract
Sources: Credit Agreement (Iteris, Inc.)
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party The Borrower and each Subsidiary of each Credit Party the Borrower is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party The Borrower is not and no Subsidiary of a Credit Party the Borrower is (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Credit Document would be prohibited by U.S. law.
(b) Each Credit Party The Borrower and each Subsidiary of each Credit Party the Borrower is in compliance with all applicable laws related to terrorism or is in compliance in all material respects with all laws related to money laundering including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such anti-money laundering laws is pending or threatened in writing to against the knowledge of each Credit Party and each Borrower or any Subsidiary of each Credit Partythe Borrower.
(c) Each Credit Party The Borrower and each Subsidiary of each Credit Party the Borrower is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (“Anti-Corruption Laws”). None The Borrower has not, nor has any Subsidiary of the Credit Parties or any SubsidiaryBorrower, nor nor, to the knowledge of any Credit Partythe Borrower, has any director, officer, agent, employee, or other person acting on behalf of such Credit Party the Borrower or any SubsidiarySubsidiary of the Borrower, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The Credit Parties Borrower and each Subsidiary will, of the Borrower has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote compliance with applicable Anti-Corruption Laws.
Appears in 1 contract
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department. No Credit Party and no Subsidiary of a Credit Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law.
(b) Each Credit Party and each Subsidiary of each Credit Party is in compliance with all applicable laws related to terrorism or money laundering (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such antiAnti-money laundering laws Money Laundering Laws is pending or threatened in writing to the knowledge of each Credit Party and each Subsidiary of each Credit Party.
(c) Each Credit Party and each Subsidiary of each Credit Party is in compliance in all material respects with all applicable anti-corruption and bribery laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (“Anti-Corruption Laws”). None of the Credit Parties Party or any Subsidiary, nor to the knowledge of any the Credit Party, any director, officer, agent, employee, or other person acting on behalf of such the Credit Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. .
(d) The Credit Parties Party and each Subsidiary will, has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote ensure compliance by the Credit Parties, their Subsidiaries and their respective directors, officers, employees and agents with applicable Sanctions, Anti-Money Laundering Laws and Anti-Corruption Laws.
Appears in 1 contract
Foreign Assets Control Regulations; Anti-Money Laundering; Anti-Corruption Practices. (a) Each Credit Loan Party and each Subsidiary of each Credit Loan Party is in compliance in all material respects with all U.S. economic sanctions laws, Executive Orders and implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) OFAC and the U.S. State Department. No Credit Loan Party and no Subsidiary of a Credit Loan Party (i) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”), (ii) is a person who is otherwise the target of U.S. economic sanctions laws such that a U.S. person cannot deal or otherwise engage in business transactions with such person, (iii) is a Person organized or resident in a country or territory subject to comprehensive Sanctions (a “Sanctioned Country”), or (iv) is owned or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited by U.S. law.
(b) Each Credit Loan Party and each Subsidiary of each Credit Loan Party is in compliance with all applicable laws related to terrorism or money laundering including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act, (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), any other enabling legislation, executive order or regulations issued pursuant or relating thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering laws, rules and or regulations. No action, suit or proceeding by or before any court or Governmental Authority with respect to compliance with such anti-money laundering laws laws, rules or regulations is pending or threatened in writing to the knowledge of each Credit Loan Party and each Subsidiary of each Credit Loan Party.
(c) Each Credit Loan Party and each Subsidiary of each Credit Loan Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ (“Anti-Corruption Laws”). None of the Credit Parties Loan Party or any Subsidiary, nor to the knowledge of any Credit the Loan Party, any director, officer, agent, employee, or other person acting on behalf of such Credit the Loan Party or any Subsidiary, has taken any action, directly or indirectly, that would result in a violation by such Credit Party or any Subsidiary of applicable Anti-Corruption Laws. The Credit Parties Loan Party and each Subsidiary will, has instituted and will continue to the extent necessary or applicable to their business, maintain policies and procedures designed to promote compliance with applicable Anti-Corruption Laws.
Appears in 1 contract
Sources: Senior Secured Credit Agreement (U.S. Well Services, Inc.)