Common use of Sanctioned Persons; Anti-Corruption Laws; PATRIOT Act Clause in Contracts

Sanctioned Persons; Anti-Corruption Laws; PATRIOT Act. None of the Borrower or any of its directors, officers, employees, agents or advisors is subject to any sanctions or economic embargoes administered or enforced by the U.S. Department of State or the U.S. Department of Treasury (including the Office of Foreign Assets Control) or any other applicable sanctions authority (collectively, “Sanctions”, and the associated laws, rules, regulations and orders, collectively, “Sanctions Laws”). The Borrower and its directors, officers, employees, agents and advisors is in compliance, in all material respects, with (i) all Sanctions Laws, (ii) the United States Foreign Corrupt Practices Act of 1977, as amended, and any other applicable anti-bribery or anti-corruption laws, rules, regulations and orders (collectively, “Anti-Corruption Laws”) and (iii) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001), the “USA PATRIOT Act”) and any other applicable terrorism and money laundering laws, rules, regulations and orders. No part of the proceeds of the Loan will be used, directly or indirectly, (A) for the purpose of financing any activities or business of or with any Person or in any country or territory that at such time is the subject of any Sanctions or (B) for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of any Anti-Corruption Law.

Appears in 1 contract

Samples: Loan and Security Agreement (GPAQ Acquisition Holdings, Inc.)

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Sanctioned Persons; Anti-Corruption Laws; PATRIOT Act. None of the Borrower Holdings or any of its Subsidiaries or any of their respective directors, officersofficers or, to the knowledge of the Borrower, employees, agents agents, advisors or advisors Affiliates is subject to any sanctions or economic embargoes administered or enforced by the U.S. Department of State or the U.S. Department of Treasury (including the Office of Foreign Assets Control) or any other applicable sanctions authority (collectively, “Sanctions”, and the associated laws, rules, regulations and orders, collectively, “Sanctions Laws”). The Borrower Each of Holdings and its Subsidiaries and their respective directors, officersofficers and, to the knowledge of the Borrower, employees, agents agents, advisors and advisors Affiliates is in compliance, in all material respects, with (i) all Sanctions Laws, (ii) the United States Foreign Corrupt Practices Act of 1977, as amended, and any other applicable anti-bribery or anti-corruption laws, rules, regulations and orders (collectively, “Anti-Corruption Laws”) and (iii) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001), the “USA PATRIOT Act”) and any other applicable terrorism and money laundering laws, rules, regulations and orders. No part of the proceeds of the Loan Loans will be used, directly or indirectly, (A) for the purpose of financing any activities or business of or with any Person or in any country or territory that at such time is the subject of any Sanctions or (B) for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of any Anti-Corruption Law. Notwithstanding the foregoing, the representations and warranties set forth in this Section 4.24 with respect to SRS and each of its subsidiaries (so long as such Person is not a Wholly Owned subsidiary of Holdings or any of its Subsidiaries) are to Holdings’ and the Borrower’s knowledge.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Solera Holdings, Inc)

Sanctioned Persons; Anti-Corruption Laws; PATRIOT Act. None of the Borrower or any of its Subsidiaries or any of their respective directors, officersofficers or, to the knowledge of Borrower, employees, agents agents, advisors or advisors Affiliates is subject to any sanctions or economic embargoes administered or enforced by the U.S. Department of State or the U.S. Department of Treasury (including the Office of Foreign Assets Control) or any other applicable sanctions authority (collectively, “Sanctions”, and the associated laws, rules, regulations and orders, collectively, “Sanctions Laws”). The Each of Borrower and its Subsidiaries and their respective directors, officersofficers and, to the knowledge of Borrower, employees, agents agents, advisors and advisors Affiliates is in compliance, in all material respects, with (ia) all Sanctions Laws, (iib) the United States Foreign Corrupt Practices Act of 1977, as amended, and any other applicable anti-bribery or anti-corruption laws, rules, regulations and orders (collectively, “Anti-Corruption Laws”) and (iiic) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001), the “USA PATRIOT Act”) and any other applicable terrorism and money laundering laws, rules, regulations and orders. No part of the proceeds of the Loan Loans will be usedused by Borrower or any of its Subsidiaries, directly or indirectly, (Ai) for the purpose of financing any activities or business of or with any Person or in any country or territory that at such time is the subject of any Sanctions or (Bii) for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of any Anti-Corruption Law.

Appears in 1 contract

Samples: Possession Credit Agreement (Molycorp, Inc.)

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Sanctioned Persons; Anti-Corruption Laws; PATRIOT Act. None of the Borrower or any of its Subsidiaries or any of their respective directors, officersofficers or, to the knowledge of Borrower, employees, agents agents, advisors or advisors Affiliates is subject to any sanctions or economic embargoes administered or enforced by the U.S. Department of State or the U.S. Department of Treasury (including the Office of Foreign Assets Control) or any other applicable sanctions authority (collectively, “Sanctions”, and the associated laws, rules, regulations and orders, collectively, “Sanctions Laws”). The Each of Borrower and its Subsidiaries and their respective directors, officersofficers and, to the knowledge of Borrower, employees, agents agents, advisors and advisors Affiliates is in compliance, in all material respects, with (i) all Sanctions Laws, (ii) the United States Foreign Corrupt Practices Act of 1977, as amended, and any other applicable anti-bribery or anti-corruption laws, rules, regulations and orders (collectively, “Anti-Corruption Laws”) and (iii) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001), the “USA PATRIOT Act”) and any other applicable terrorism and money laundering laws, rules, regulations and orders. No part of the proceeds of the Loan Loans will be usedused by Borrower or any of its Subsidiaries, directly or indirectly, (A) for the purpose of financing any activities or business of or with any Person or in any country or territory that at such time is the subject of any Sanctions or (B) for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of any Anti-Corruption Law.

Appears in 1 contract

Samples: Credit Agreement (Molycorp, Inc.)

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