Common use of Sanctionable Practices Clause in Contracts

Sanctionable Practices. (i) The Company hereby agrees that it shall not engage in (nor authorize or permit any Affiliate or any other Person acting on its behalf to engage in) any Sanctionable Practice with respect to the Company Operations; (ii) The Company further covenants that should it become aware of any violation of Section 3.03(a)(i), it shall promptly notify IFC; and (iii) If IFC notifies the Company of its concern that there has been a violation of Section 3.03(a)(i), the Company 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.

Appears in 4 contracts

Samples: Policy Agreement, Policy Agreement (Netshoes (Cayman) Ltd.), Policy Agreement (Netshoes (Cayman) Ltd.)

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Sanctionable Practices. (i) The Company hereby agrees that it shall not engage Engage in (nor and no Obligor or any Subsidiary thereof shall authorize or permit any Affiliate or any other Person acting on its behalf to engage in) any Sanctionable Practice with respect to the Company Operations; (ii) The Company its Operations or any transaction contemplated by this Agreement, any Sanctionable Practices. Each Obligor further covenants that should it become aware of any violation of Section 3.03(a)(i), it shall promptly IFC notify IFC; and (iii) If IFC notifies the Company such Obligor of its concern concerns that there has been a violation of the provisions of this Section 3.03(a)(i)or of Section 3.01(u) of this Agreement, the Company it shall cooperate and it shall cause each relevant Subsidiary to 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.;

Appears in 2 contracts

Samples: Loan Agreement (Canuelas Mill S.A.C.I.F.I.A.), Loan Agreement (Canuelas Mill S.A.C.I.F.I.A.)

Sanctionable Practices. (i) The Company hereby agrees that it shall not engage in (nor authorize or permit any Affiliate or any other Person acting on its behalf to engage in) any Sanctionable Practice with respect to the Company OperationsCompany; (ii) The Company further covenants that should it become aware of any violation of Section 3.03(a)(i)paragraph (i) above, it shall promptly notify IFCIFC of any such violation; and (iii) If IFC notifies the Company of its concern that there has been a violation of Section 3.03(a)(i)paragraph (i) above, the Company 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 adequately to any notice from IFC, and shall furnish documentary support for such response upon IFC’s requestnotice.

Appears in 1 contract

Samples: Policy Rights Agreement

Sanctionable Practices. (i) The Company hereby agrees that it shall not engage in (nor authorize or permit any Affiliate of its Affiliates or any other Person acting on its behalf to engage in) any Sanctionable Practice with respect to the Company OperationsCompany; (ii) The Company further covenants that should it become aware of any violation of Section 3.03(a)(i2.02 (a)(i), it shall promptly notify IFC; and (iii) If IFC notifies the Company of its concern that there has been a violation of Section 3.03(a)(i2.02 (a)(i), the Company 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 's request.

Appears in 1 contract

Samples: Policy Rights Agreement

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Sanctionable Practices. (ia) The Company hereby agrees that it shall not engage in (nor authorize or permit any Affiliate of the Company or any other Person acting on its behalf to engage in) any Sanctionable Practice with respect to the Company OperationsCompany; (iib) The Company further covenants that should it become aware of any violation of Section 3.03(a)(i15.11(iv)(a), it shall promptly notify IFC; and (iiic) If IFC notifies the Company of its concern that there has been a violation of Section 3.03(a)(i15.11(iv)(a), the Company 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.

Appears in 1 contract

Samples: Shareholder Agreement (Full Truck Alliance Co. Ltd.)

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