Common use of Sanctionable Practices Clause in Contracts

Sanctionable Practices. (A) The Borrower shall not engage in (and shall not authorise or permit any Affiliate or any other person authorised to act (expressly or implicitly) on its behalf to engage in) with respect to the Project or any transaction contemplated by this Schedule, any Sanctionable Practice. (B) The Borrower covenants that should IFC notify the Borrower of its concerns that there has been a violation of the provisions of this paragraph or paragraph (A) above, it shall cooperate in good faith with IFC and its representatives in determining whether such a violation has occurred, and shall respond promptly and in reasonable detail to any notice from IFC, and shall furnish documentary support for such response upon IFC’s request.

Sanctionable Practices. (A) The Borrower shall not engage Engage in (and shall not authorise nor authorize or permit any Affiliate Affiliate, any Eligible Sub-borrower or any other person authorised to act (expressly or implicitly) Person acting on its or their behalf to engage in) with respect to the Project its banking license or any transaction contemplated by this ScheduleAgreement, any Sanctionable Practice. (B) Practices. The Borrower further covenants that should IFC notify the Borrower of its concerns that there has been a violation of the provisions of this paragraph Section or paragraph of Section 3.01 (An) aboveof this Agreement, it shall cooperate in good faith with IFC and its representatives in determining whether such a violation has occurred, and shall respond promptly and in reasonable detail to any notice from IFC, and shall furnish documentary support for such response upon IFC’s request.; (n)