Common use of Prohibited Use of Proceeds Clause in Contracts

Prohibited Use of Proceeds. Each Borrower shall not request any Loan, and each Borrower shall not, directly or indirectly, use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan, or lend, contribute or otherwise make available such proceeds to any Person (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C) in any manner that would result in the violation of any Sanctions by any Person, including Sanctions applicable to any party hereto.

Appears in 15 contracts

Samples: Credit Agreement (Wanger Advisors Trust), Credit Agreement (Columbia Acorn Trust), Credit Agreement (Columbia Funds Variable Series Trust II)

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Prohibited Use of Proceeds. Each Borrower shall will not request any LoanBorrowing, and each Borrower shall not, directly or indirectly, not use, and shall procure that its Subsidiaries and its or their respective directors, officersofficers and employees, employees and agents in their capacities as such, shall not use, the proceeds of any Loan, or lend, contribute or otherwise make available such proceeds to any Person Loan (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C) in any manner that would result in the violation of any Sanctions by any Person, including Sanctions applicable to any party hereto.

Appears in 3 contracts

Samples: Credit Agreement (T. Rowe Price Credit Opportunities Fund, Inc.), Credit Agreement (T. Rowe Price Multi-Sector Account Portfolios, Inc.), Credit Agreement (T. Rowe Price Multi-Sector Account Portfolios, Inc.)

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