Common use of Sanctionable Practices Clause in Contracts

Sanctionable Practices. Neither Borrower has nor has any of its Affiliates, nor has any Person acting on its behalf, committed, with respect to the Project or any transaction contemplated by this Agreement or any other Transaction Document, any Sanctionable Practice;

Appears in 2 contracts

Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Ultrapetrol Bahamas LTD)

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Sanctionable Practices. Neither The Borrower has not nor has any of its Affiliates, nor has any Person acting on its behalf, committed, with respect to the Project or any transaction contemplated by this Agreement or any other Transaction Document, any Sanctionable Practice;

Appears in 2 contracts

Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Ultrapetrol Bahamas LTD)

Sanctionable Practices. Neither Borrower has None of the Borrowers nor has any of its their Affiliates, nor has any Person acting on its their behalf, has committed, with respect to the Project or any transaction contemplated by this Agreement or any other Transaction Document, any Sanctionable Practice;

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

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Sanctionable Practices. Neither the Borrower has nor has any of its Affiliates, nor has any Person acting on its or their behalf, committedhas committed or engaged in, with respect to the Project or any transaction contemplated by this Agreement or any other Transaction DocumentAgreement, any Sanctionable Practice;

Appears in 1 contract

Samples: Loan Agreement (BPZ Resources, Inc.)

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