Common use of Money Laundering Laws; Embargoed Persons Clause in Contracts

Money Laundering Laws; Embargoed Persons. (a) The operations of each of the Company and the Subsidiary Guarantor are and have been conducted by such Person at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the rules and regulations thereunder, and any related or similar laws, regulations or guidelines, issued, administered or enforced by any governmental agency of the United States (including, without limitation, the USA Patriot Act, the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended), and the Executive Order) (collectively, the “Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or the Subsidiary Guarantor with respect to the Money Laundering Laws is pending or threatened in writing. (b) Neither the Company nor the Subsidiary Guarantor is, and, to the knowledge of the Company and the Subsidiary Guarantor, none of their respective officers or directors that is acting or benefiting in any capacity in connection with the Notes is, an Embargoed Person. (c) Neither the Company nor the Subsidiary Guarantor is, and, to the knowledge of the Company and the Subsidiary Guarantor, none of their respective officers or directors that is acting or benefiting in any capacity in connection with the Notes (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Embargoed Person, (ii) deals in, or otherwise engages in any transaction related to, any Property or interests in Property blocked pursuant to any Money Laundering Law or (iii) 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 Money Laundering Law.

Appears in 3 contracts

Samples: Note Purchase Agreement (Goodrich Petroleum Corp), Note Purchase and Exchange Agreement (Anchorage Capital Group, L.L.C.), Note Purchase Agreement (Goodrich Petroleum Corp)

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Money Laundering Laws; Embargoed Persons. (a) The operations of each of the Company Parent Guarantor and the Subsidiary Guarantor Borrower are and have been conducted by such Person at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the rules and regulations thereunder, and any related or similar laws, regulations or guidelines, issued, administered or enforced by any governmental agency of the United States (including, without limitation, the USA Patriot PATRIOT Act, the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended), and the Executive Order) (collectively, the “Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company Parent Guarantor or the Subsidiary Guarantor Borrower with respect to the Money Laundering Laws is pending or threatened in writing. (b) Neither the Company Parent Guarantor nor the Subsidiary Guarantor Borrower is, and, to the knowledge of the Company Parent Guarantor and the Subsidiary GuarantorBorrower, none of their respective officers or directors that is acting or benefiting in any capacity in connection with the Notes Loans is, an Embargoed Person. (c) Neither the Company Parent Guarantor nor the Subsidiary Guarantor Borrower is, and, to the knowledge of the Company Parent Guarantor and the Subsidiary GuarantorBorrower, none of their respective officers or directors that is acting or benefiting in any capacity in connection with the Notes Loans (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Embargoed Person, (ii) deals in, or otherwise engages in any transaction related to, any Property property or interests in Property property blocked pursuant to any Money Laundering Law or (iii) 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 Money Laundering Law.

Appears in 1 contract

Samples: Exit Credit Agreement (Goodrich Petroleum Corp)

Money Laundering Laws; Embargoed Persons. 63 (a) The operations of each of the Company Parent Guarantor and the Subsidiary Guarantor Borrower are and have been conducted by such Person at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the rules and regulations thereunder, and any related or similar laws, regulations or guidelines, issued, administered or enforced by any governmental agency of the United States (including, without limitation, the USA Patriot PATRIOT Act, the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended), and the Executive Order) (collectively, the “Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company Parent Guarantor or the Subsidiary Guarantor Borrower with respect to the Money Laundering Laws is pending or threatened in writing. (b) Neither the Company Parent Guarantor nor the Subsidiary Guarantor Borrower is, and, to the knowledge of the Company Parent Guarantor and the Subsidiary GuarantorBorrower, none of their respective officers or directors that is acting or benefiting in any capacity in connection with the Notes Loans is, an Embargoed Person. (c) Neither the Company Parent Guarantor nor the Subsidiary Guarantor Borrower is, and, to the knowledge of the Company Parent Guarantor and the Subsidiary GuarantorBorrower, none of their respective officers or directors that is acting or benefiting in any capacity in connection with the Notes Loans (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Embargoed Person, (ii) deals in, or otherwise engages in any transaction related to, any Property property or interests in Property property blocked pursuant to any Money Laundering Law or (iii) 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 Money Laundering Law.

Appears in 1 contract

Samples: Credit Agreement (Goodrich Petroleum Corp)

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Money Laundering Laws; Embargoed Persons. 74 (a) The operations of each of the Company Parent Guarantor and the Subsidiary Guarantor Borrower are and have been conducted by such Person at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the rules and regulations thereunder, and any related or similar laws, regulations or guidelines, issued, administered or enforced by any governmental agency of the United States (including, without limitation, the USA Patriot PATRIOT Act, the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended), and the Executive Order) (collectively, the “Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company Parent Guarantor or the Subsidiary Guarantor Borrower with respect to the Money Laundering Laws is pending or threatened in writing. (b) Neither the Company Parent Guarantor nor the Subsidiary Guarantor Borrower is, and, to the knowledge of the Company Parent Guarantor and the Subsidiary GuarantorBorrower, none of their respective officers or directors that is acting or benefiting in any capacity in connection with the Notes Loans is, an Embargoed Person. (c) Neither the Company Parent Guarantor nor the Subsidiary Guarantor Borrower is, and, to the knowledge of the Company Parent Guarantor and the Subsidiary GuarantorBorrower, none of their respective officers or directors that is acting or benefiting in any capacity in connection with the Notes Loans (i) conducts any business or 73 Added by Thirteenth Amendment. 74 Added by Thirteenth Amendment. engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Embargoed Person, (ii) deals in, or otherwise engages in any transaction related to, any Property property or interests in Property property blocked pursuant to any Money Laundering Law or (iii) 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 Money Laundering Law.

Appears in 1 contract

Samples: Credit Agreement (Goodrich Petroleum Corp)

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