Common use of Sanctionable Practices Clause in Contracts

Sanctionable Practices. Engage in (nor authorize or permit any Affiliate, any Eligible Sub-borrower or any other Person acting on its or their behalf to engage in) with respect to its banking license or any transaction contemplated by this Agreement, any Sanctionable 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 Section or of Section 3.01 (n) of 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)

Appears in 1 contract

Samples: Loan Agreement Agreement

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Sanctionable Practices. Engage in (nor and shall not authorize or permit any Affiliate, any Eligible Sub-borrower Affiliate or any other Person acting on its or their behalf to engage in) with respect to its banking license the Project or any transaction contemplated by this Agreement, any Sanctionable PracticesPractice. The Borrower further covenants that should IFC notify the Borrower of its concerns that there has been a violation of the provisions of this Section or of Section 3.01 3.01(p) (nRepresentations and Warranties) of 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 's request; (n).

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

Sanctionable Practices. Engage in (nor and shall not authorize or permit any Affiliate, any Eligible Sub-borrower Affiliate or any other Person acting on its or their behalf to engage in) with respect to its banking license the Project or any transaction contemplated by this Agreement, any Sanctionable PracticesPractice. The Borrower Borrowers further covenants covenant that should IFC notify the Borrower Borrowers of its concerns that there has been a violation of the provisions of this Section or of Section 3.01 3.01(p) (nRepresentations and Warranties) of this Agreement, it the Borrowers 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; (n).

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

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Sanctionable Practices. Engage in (nor authorize or permit any Affiliate, any Eligible Sub-borrower or any other Person acting on its or their behalf to engage in) with respect to its banking license or any transaction contemplated by this Agreement, any Sanctionable 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 Section or of Section 3.01 (n) of 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);

Appears in 1 contract

Samples: Loan Agreement (Grupo Financiero Galicia Sa)

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