Sanctions and Anti-Corruption. The Guarantor will not knowingly use, or permit any of its Subsidiaries to use, any funds derived from any activity that would violate Sanctions or any Anti-Corruption Laws to pay any of the obligations under the Finance Documents.
Sanctions and Anti-Corruption. The Guarantor will not knowingly use, or permit any of its Subsidiaries to use, any funds derived from any activity that would violate Sanctions or any Anti-Corruption Laws to pay any of the obligations under the Loan Documents. The foregoing covenants in this Section 8.2(f) will not apply to any party hereto to which the Blocking Regulation applies, if and to the extent that such covenants are or would be unenforceable by or in respect of that party pursuant to, or would otherwise result in a breach and/or violation of, (i) any provision of the Blocking Regulation (or any law or regulation implementing the Blocking Regulation in any member state of the European Union) or (ii) any similar blocking or anti-boycott law in the United Kingdom.
Sanctions and Anti-Corruption. Request any Borrowing, nor directly or to its knowledge indirectly use the proceeds of any Borrowing, in each case (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, or (ii) in any manner that would result in the violation of any Sanctions applicable to the Borrower or its Subsidiaries or, to the knowledge of the Borrower, any other party hereto.
Sanctions and Anti-Corruption. 20.1.1 By entering into this Agreement, each Party, represents and covenants that:
(a) it has not violated any Sanctions Laws applicable to it on or before the date of this Agreement;
(b) in connection with the business conducted under this Agreement, it is, and will be, compliant with all Sanctions Laws applicable to it;
(c) neither it, nor, to its knowledge, any director, officer, agent, employee of it is the subject of any Sanctions Laws and it is not owned or controlled, in whole or in part, directly or indirectly, by any party subject to any Sanctions Laws;
(d) it shall comply with all Sanctions Laws;
(e) it is not a Sanctions Restricted Person;
(f) it is not requiring the FSRU to be operated in any manner which is contrary to Sanctions Laws;
(g) neither it nor, to the best of its knowledge, its direct or indirect shareholder(s) holding more than fifty percent (50%) of the shareholding, are subject to or involved in any complaint, claim, proceeding, formal notice, investigation or other action by any regulatory or enforcement authority or third party concerning any Sanctions Laws;
(h) it will not take any action or make any omission or make use of the FSRU or the Services in a manner that:
(i) is in breach of Sanctions; or
(ii) results, or is likely to result, in either Party or the FSRU Owner becoming a Restricted Party or otherwise a target of sanctions (being an entity or person that is a target of laws, regulations or orders concerning any trade, economic or financial sanctions or embargoes being imposed on any United States person or other legal or natural person subject to the jurisdiction or authority of a United States Sanctions Authority which prohibit or restrict them from engaging in trade, business or other activities with such person without all appropriate licenses or exemptions issued by all applicable United States Sanctions Authorities); and
(i) it shall promptly notify the other Party in writing of any changes to any of the representations, covenants and undertakings made above.
20.1.2 Each Party shall ensure that all obligations under this Clause 20.1 are passed on to any third party that it or any of its Affiliates contracts or uses in its performance of this Agreement or that takes over any obligation, or part thereof.
20.1.3 In the event (i) a Party fails to comply with the provisions of this Clause 20.1, (ii) a Party becomes the subject of any Sanctions Laws or (iii) the performance by a Party of any obligation resulting from th...
Sanctions and Anti-Corruption. Borrower shall not, and shall not permit any Relevant Party or other Affiliate to (a) become (including by virtue of being owned or controlled by a Blocked Person), own or control a Blocked Person, or (b) contribute or otherwise make available all or any part of the proceeds of the Loans, directly or indirectly, to, or for the benefit of, any Person (whether or not an Affiliate of the Borrower) for the purpose of financing the activities or business of, other transactions with, or investments in, any Blocked Person or in violation of any Anti-Corruption Laws or Sanctions, (c) directly or indirectly fund all or part of any repayment or prepayment of the Loans out of proceeds derived from any transaction with or action involving a Blocked Person or in violation of Anti-Corruption Laws or Sanctions or (d) engage in any transaction, activity or conduct that would violate Sanctions or Anti-Corruption Laws or Sanctions, that would cause any Secured Party to be in breach of any Sanctions or that could reasonably be expected to result in it or its Affiliates or any Secured Party being designated as a Blocked Person.
Sanctions and Anti-Corruption. Conducts its business in such a manner so as to comply in all material respects with Sanctions Laws and Regulations, the FCPA and the CFPOA and maintains policies and procedures designed to promote and achieve compliance with these laws.
Sanctions and Anti-Corruption. Request any Borrowing, nor directly or to its knowledge indirectly use the proceeds of any Borrowing, or permit any other Borrower to so request or use the proceeds of any Borrowing, in each case (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, or (ii) in any manner that would result in the violation of any Sanctions applicable to the Company or its Subsidiaries or, to the knowledge of the Company, any other party hereto.
Sanctions and Anti-Corruption. (a) The Company is not (i) currently the subject of any Sanctions, or (ii) located, organized or residing in any Designated Jurisdiction. No Company Related Party that is a Subsidiary of the Company is listed on the Sanctioned Persons Lists and no Company Related Party that is a director or senior officer of the Company or a Company Related Party that is a Subsidiary of the Company is, to the best knowledge of the Company, listed on the Sanctioned Persons Lists. The Company has implemented and maintains in effect policies and procedures reasonably designed to effectuate compliance by the Company and all Company Related Parties with applicable Sanctions. No proceeds from any Loan, has been or will be directly or, to the knowledge of the Company, indirectly, used by the Company, or loaned, contributed, provided or otherwise made available by the Company, to fund any activity or business in any Designated Jurisdiction or to fund any activity or business of or with any Person located, organized or residing in any Designated Jurisdiction or who is the subject of any Sanctions, if such activity would be prohibited by Sanctions applicable to any Person organized in the United States or the United Kingdom.
(b) The Company has implemented and maintains in effect policies and procedures reasonably designed to effectuate compliance by the Company and all Company Related Parties with applicable Anti-Corruption Laws. No proceeds from any Loan, has been or will be, directly or, to the knowledge of the Company, indirectly, used by the Company, or loaned, contributed, provided or otherwise made available by the Company to fund any activity or business in any manner that will result in any violation by any Person (including any Lender, the Arranger or the Administrative Agent) of Anti-Corruption Laws.
Sanctions and Anti-Corruption. Directly or, to the knowledge of the Servicer, indirectly use the proceeds of any Credit Extension or Release or otherwise make available such proceeds to any Person to fund, finance or facilitate any activities or business of or with any Person that is, at the time of such funding, a Sanctioned Person or in any country or territory that is at the time of such funding a Sanctioned Country or in any other manner that would result in a violation of Sanctions by any Person (including a Lender, Facility Agent, LC Issuer, Administrative Agent or otherwise). Provided, further, that any breach of any term, covenant or agreement with respect to any Pool Receivable that would not cause any material liability or potential material liability for the Borrower, the Administrative Agent or any other Secured Party and that, with the removal of such Pool Receivable from the calculation of Net Receivables Balance, does not cause a Borrowing Base Default shall not be deemed to have been breached.
Sanctions and Anti-Corruption. 20.1.1 By entering into this Agreement, each Party, represents and covenants that:
(a) it has not violated any Sanctions Laws applicable to it on or before the date of this Agreement;
(b) in connection with the business conducted under this Agreement, it is, and will be, compliant with all Sanctions Laws applicable to it;
(c) neither it, nor, to its knowledge, any director, officer, agent, employee of it is the subject of any Sanctions Laws and it is not owned or controlled, in whole or in part, directly or indirectly, by any party subject to any Sanctions Laws;
(d) it shall comply with all Sanctions Laws;
(e) it is not a Sanctions Restricted Person; and
(f) it shall promptly notify the other Party in writing of any changes to any of the representations, covenants and undertakings made above;
20.1.2 Each Party shall ensure that all obligations under this Clause 20.1 are passed on to any third party that it or any of its Affiliates contracts or uses in its performance of this Agreement or that takes over any obligation, or part thereof.
20.1.3 In the event (i) a Party fails to comply with the provisions of this Clause 20.1, (ii) a Party becomes the subject of any Sanctions Laws or (iii) the performance by a Party of any obligation resulting from this Agreement is otherwise blocked by Sanctions Laws applicable to it, the other Party may terminate or suspend this Agreement with immediate effect and/or take any action as it deems necessary to assure that it remains in compliance with all applicable Sanctions Laws, without having any further obligation or liability of any kind towards the other Party or related Persons.
