Prohibited Payment Sample Clauses
Prohibited Payment. Prohibited payment, as defined in section 436(d)(5) of the Code and the Regulations.
Prohibited Payment. To indemnify for Judgments or advance Expenses to Indemnitee for any Judgment that the Company is prohibited by applicable law from paying as indemnity, provided, however, nothing herein shall be deemed to restrict the ability of Indemnitee to obtain benefits under any insurance policy or policies or the Company's obligations under Section 7 to support Indemnitee's efforts to obtain such insurance benefits from the insurer(s).
Prohibited Payment. The obligation of the Bank and the Company, and their successors and assigns, to make payments pursuant to this Agreement shall be reduced or eliminated to the extent required (i) to comply with regulations or orders issued pursuant to Section 18(k)(1) of the Federal Deposit Insurance Act, (ii) by any other law, rule, or regulation which is binding on the Company or the Bank or (iii) by direction or instruction from a federal regulatory authority.
Prohibited Payment. Any of the Loan Parties shall make any payment (as adequate protection or otherwise), or application for authority to pay, on account of any claim or Indebtedness arising prior to the Petition Date other than those payments in respect of adequate protection permitted pursuant to the terms of the Final Order and payments authorized by the Bankruptcy Court in respect of (i) any payments required and/or permitted in the “first day orders” or any subsequent Approved Bankruptcy Court Order or (ii) accrued payroll and related expenses as of the Petition Date; or
Prohibited Payment. Any of the Loan Parties shall make any payment (as adequate protection or otherwise), or application for authority to pay, on account of any claim or Indebtedness arising prior to the Petition Date other than those payments in respect of “adequate protection obligations” permitted pursuant to the terms of the Financing Orders and payments authorized by the Bankruptcy Court in respect of (x) any such payments required or permitted in the “First Day Orders” reasonably satisfactory to the Administrative Agent and (y) accrued payroll and related expenses as of the Petition Date or as described in and provided for in the Agreed Budget; or
Prohibited Payment a. The Parties intend that no Prohibited Payment (as that term is defined below) will be made with the purpose or effect of accepting or acquiescing in, public or commercial bribery, extortion, kickbacks , money laundering or other unlawful or improper means of obtaining , directing or retaining business. Accordingly, without regard to what any local law may permit or prohibit, Seller represents, warrants and covenants that Seller and its Representatives have not made, and will not make , authorize , or offer to make, in connection with this PO or any other business transaction involving 3M, either directly or indirectly, for the purpose of obtaining , retaining or directing business or securing any improper advantage in connection with this PO or any other business transaction relating to 3M , any loan , gift, donation or payment, or transfer of any other thing of value(collectively referred to as a Prohibited Payment ) to any person or entity, including but not limited to : (a) a Government Official ( as defined below) or for the benefit of any Government Official;(b)any family member of a Government Official; (c) any officer, director , employee or representative of 3M , an anticipated or current 3M customer, or any affiliate of either, for that person s personal benefit.
b. This Section 8.
2.1 will not prohibit modest business entertainment and gifts, provided those are:
(a) lawful; (b)reasonable in the applicable industry, appropriate to the occasion, and directly related to 3M s business; and (c) accurately and completely described in Seller s Records.
Prohibited Payment. Seller represents, warrants and covenants that Seller and its affiliates, owners, officers, directors, employees, and Agents have not made, and will not make or offer to make, any loan, gift, donation or payment, or transfer of any other thing of
Prohibited Payment. Any of the Credit Parties shall make any payment (as adequate protection or otherwise), or application for authority to pay, on account of any claim or Indebtedness arising prior to the Petition Date other than those payments in respect of “adequate protection obligations” permitted pursuant to the terms of the Financing Orders and payments authorized by the Bankruptcy Court in respect of (x) any such payments required and/or permitted in the “First Day Orders” reasonably satisfactory to the Administrative Agent, (y) accrued payroll and related expenses as of the Petition Date or (z) payments of cure amounts expressly permitted by the provisions of Section 5.05(a); or
Prohibited Payment. Merchant agrees that Acquirer has the sole right to receive payments on any accepted transaction record as long as:
A) Acquirer has paid Merchant the amount represented by the transaction record less the discount and fees; and
B) Acquirer has not charged such transaction record back to Merchant unless specifically authorized in writing by Acquirer. Merchant agrees not to make or attempt to make any collections on any transaction record, and promptly to deliver the same in kind to Acquirer as soon as received, together with the Cardholder’s name and account number and any correspondence accompanying the payment.
C) A merchant may not accept a Card for an unlawful Internet gambling transaction.
D) Merchant will pay all Card Association fines, fees, penalties and all other assessments or indebtedness levied by Card Associations to Bank which are attributable, at the Bank’s discretion, to Merchant’s Transaction processing or business.
Prohibited Payment. To indemnify for Judgments or advance Expenses to Indemnitee for any Judgment that the Company is prohibited by applicable law from paying as indemnity.