Common use of No money laundering Clause in Contracts

No money laundering. in relation to the borrowing by the Borrower of the Loan, the performance and discharge of its obligations and liabilities under this Agreement and the transactions and other arrangements effected or contemplated by this Agreement, the Borrower is acting for its own account and that the foregoing will not involve or lead to contravention of any law, official, requirement or other regulatory measure or procedure implemented to combat “money laundering” (as defined in Article 1 of the Directive (91/308/EEC) of the Council of the European Communities).

Appears in 2 contracts

Samples: Facilities Agreement (Aries Maritime Transport LTD), Facilities Agreement (Omega Navigation Enterprises, Inc.)

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No money laundering. in relation to The Borrower is acting for its own account and the borrowing by the Borrower of the Loan, Facility and the performance and discharge of its the Borrower’s obligations and liabilities under this Agreement, the Master Agreement and the transactions other Finance Documents to which it is a party and other arrangements effected or contemplated by this Agreement, the Borrower is acting for its own account and that the foregoing Agreement will not involve or lead to contravention of any law, official, requirement or other regulatory measure or procedure implemented to combat “money laundering” (as defined in Article 1 of the Directive (91/308/EEC) of the Council of the European Communities)Community or any Pertinent Jurisdiction.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Facility Agreement (Gala Properties Inc.)

No money laundering. in relation to It is acting for its own account and the borrowing of the Facilities by the Borrower of the Loan, and the performance and discharge of its each Obligor’s obligations and liabilities under this Agreement and the transactions other Finance Documents to which it is a party and other arrangements effected or contemplated by this Agreement, the Borrower is acting for its own account and that the foregoing Agreement will not involve or lead to contravention of any law, official, official requirement or other regulatory measure or procedure implemented to combat “money laundering” (as defined in Article 1 of the Directive Directives (91/308/EEC) of the Council of the European CommunitiesCommunity).

Appears in 1 contract

Samples: Possession Credit Agreement (Eagle Bulk Shipping Inc.)

No money laundering. in relation to It is acting for its own account and the borrowing of the Facility by the Borrower of the Loan, and the performance and discharge of its each Obligor’s obligations and liabilities under this Agreement Agreement, the Master Agreements and the transactions other Finance Documents to which it is a party and other arrangements effected or contemplated by this Agreement, the Borrower is acting for its own account and that the foregoing Agreement will not involve or lead to contravention of any law, official, official requirement or other regulatory measure or procedure implemented to combat “money laundering” (as defined in Article 1 of the Directive Directives (91/308/EEC) of the Council of the European CommunitiesCommunity).

Appears in 1 contract

Samples: Credit Agreement (Eagle Bulk Shipping Inc.)

No money laundering. in relation to the borrowing by the Borrower of the LoanFacility, the performance and discharge of its obligations and liabilities under this Agreement and the transactions and other arrangements effected or contemplated by this Agreement, the Borrower is acting for its own account and that the foregoing will not involve or lead to contravention of any law, official, requirement or other regulatory measure or procedure implemented to combat “money laundering” (as defined in Article 1 of the Directive (91/308/EEC) of the Council of the European Communities).

Appears in 1 contract

Samples: Agreement (Omega Navigation Enterprises, Inc.)

No money laundering. in relation to the borrowing by the Borrower Borrowers of the Loan, the performance and discharge of its their obligations and liabilities under this Agreement and the transactions and other arrangements effected or contemplated by this Agreement, the Borrower is Borrowers are acting for its their own account accounts and that the foregoing will not involve or lead to contravention of any law, official, official requirement or other regulatory measure or procedure implemented to combat “money laundering” (as defined in Article 1 of the Directive (91/308/EEC) of the Council of the European Communities).

Appears in 1 contract

Samples: Agreement (Top Tankers Inc.)

No money laundering. in relation to The Borrower and each New Owner is acting for its own account and the borrowing by the Borrower of the Loan, Loan and the performance and discharge of its obligations and liabilities under this Agreement, the Master Agreement and the transactions other Finance Documents to which it is a party and other arrangements effected or contemplated by this Agreement, the Borrower is acting for its own account and that the foregoing Agreement will not involve or lead to contravention of any law, official, requirement or other regulatory measure or procedure implemented to combat “money laundering” (as defined in Article 1 of the Directive (91/308/EEC) of the Council of the European CommunitiesCommunity).

Appears in 1 contract

Samples: Loan Agreement (Knightsbridge Tankers LTD)

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No money laundering. in relation to the borrowing by the Borrower of the Loan, the performance and discharge of its obligations and liabilities under this Agreement and the transactions and other arrangements effected or contemplated by this Agreement, the Borrower is acting for its own account and that the foregoing will not involve or lead to contravention of any law, official, official requirement or other regulatory measure or procedure implemented to combat “money laundering” (as defined in Article 1 of the Directive (91/3082005/60/EEC) EC of the European Parliament and of the Council of the European CommunitiesUnion of 26 October 2005).;

Appears in 1 contract

Samples: Agreement (Aries Maritime Transport LTD)

No money laundering. in relation to the borrowing by the Borrower Borrowers of the Loan, the performance and discharge of its obligations and liabilities under this Agreement and the transactions and other arrangements effected or contemplated by this Agreement, each of the Borrower Borrowers is acting for its own account and that the foregoing will not involve or lead to contravention of any law, official, requirement or other regulatory measure or procedure implemented to combat “money laundering” (as defined in Article 1 of the Directive (91/308/EEC) of the Council of the European Communities).; and

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

No money laundering. in relation to the borrowing by the Borrower of the Loan, the performance and discharge of its obligations and liabilities under this Agreement and the transactions and other arrangements effected or contemplated by this Agreement, the Borrower is acting for its own account accounts and that the foregoing will not involve or lead to contravention of any law, official, official requirement or other regulatory measure or procedure implemented to combat “money laundering” (as defined in Article 1 of the Directive (91/308/EEC) of the Council of the European Communities).

Appears in 1 contract

Samples: Supplemental Agreement (Top Ships Inc.)

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