Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. (i) Each SPV Entity shall promptly notify the Administrative Agent in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser Parties, upon request by the Administrative Agent or any of the Purchasers, such SPV Entity shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property. (ii) Each SPV Entity shall not permit a violation of any Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws. (iii) No SPV Entity shall (a) become a Sanctioned Person or allow its employees, officers, directors, affiliates, consultants, brokers, and agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or indirectly through a third party, engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Capital or pay any other Seller Obligations with funds derived from any unlawful activity; (d) permit any Sold Asset or Pledged Collateral to become Embargoed Property; or (e) engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating to economic sanctions and any Anti-Terrorism Laws.
Appears in 5 contracts
Samples: Receivables Purchase Agreement (NCR Atleos Corp), Receivables Purchase Agreement (NCR Corp), Receivables Purchase Agreement (NCR Corp)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. (i) Each SPV Entity Servicer shall promptly notify the Administrative Agent in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser Parties, upon request by the Administrative Agent or any of the Purchasers, such SPV Entity the Servicers shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.
(ii) Each SPV Entity Servicer shall not permit a permit, and shall not cause its respective Subsidiaries to permit, any violation of any Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.
(iii) No SPV Entity The Servicers shall not, and shall not permit any of its Subsidiaries to, (a) become a Sanctioned Person or allow its employees, officers, directors, affiliates, consultants, brokers, and agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or indirectly through a third party, engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Capital or pay any other Seller Obligations with funds derived from any unlawful activity; (d) permit any Sold Asset Assets or Pledged Collateral to become Embargoed Property; or (e) engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating to economic sanctions and any Anti-Terrorism Laws.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (NCR Atleos Corp), Receivables Purchase Agreement (NCR Corp), Receivables Purchase Agreement (NCR Corp)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. Each of the Seller and Servicer covenants and agrees that:
(i) Each SPV Entity it shall promptly immediately notify the Administrative Agent and each Buyer in writing upon the occurrence of a Reportable Compliance Event. If ;
(ii) if, at any time time, any Pledged Collateral Purchased Receivable or Sold Assets Related Security becomes Embargoed Property, then, in addition to all other rights and remedies available to the Purchaser PartiesAdministrative Agent and each Buyer, upon request by the Administrative Agent or any of Buyer, the Purchasers, such SPV Entity Seller or the Servicer shall provide a substitute Pledged Collateral or Sold Assets Purchased Receivable and Related Security acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.;
(iiiii) Each SPV it shall, and shall require each other Covered Entity shall not permit a violation of any to, conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures reasonably designed to ensure compliance with such Anti-Corruption Applicable Laws.;
(iiiiv) No SPV Entity shall it and its Subsidiaries will not: (aA) become take any action that could reasonably be expected to result in it becoming a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (bB) directly, or indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned JurisdictionJurisdiction in violation of Anti-Terrorism Laws, including any use of the proceeds of the Investments purchases hereunder to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned JurisdictionJurisdiction in violation of Anti-Terrorism Laws; (cC) pay or repay the Capital of its obligations hereunder with Embargoed Property or pay any other Seller Obligations with funds derived from any unlawful activity; (dD) permit any Sold Asset Purchased Receivable or Pledged Collateral Related Security to become Embargoed Property; or (eE) engage in cause the Administrative Agent or any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Buyer to economic sanctions and violate any Anti-Terrorism LawsLaw; and
(v) it will not, and will not permit any its Subsidiaries to, directly or indirectly, use the Purchase Prices or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 2 contracts
Samples: Master Receivables Purchase Agreement (Smithfield Foods Inc), Master Receivables Purchase Agreement (Smithfield Foods Inc)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. Such Transferor covenants and agrees that:
(i) Each SPV Entity shall promptly notify the Administrative Agent it and its Subsidiaries will not: (A) take any action that could reasonably be expected to result in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser Parties, upon request by the Administrative Agent or any of the Purchasers, such SPV Entity shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.
(ii) Each SPV Entity shall not permit a violation of any Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.
(iii) No SPV Entity shall (a) become it becoming a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and affiliates or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (bB) directly, or indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned JurisdictionJurisdiction in violation of Anti-Terrorism Laws, including any use of the proceeds of the Investments Purchase Price to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned JurisdictionJurisdiction in violation of Anti-Terrorism Laws; (cC) pay or repay the Capital or pay any other Seller Obligations with Embargoed Property or funds derived from any unlawful activity; (dD) permit any Sold Asset or Pledged Collateral to become Embargoed Property; or (eE) engage in cause any transactions Agent, Conduit or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Committed Lender to economic sanctions and violate any Anti-Terrorism LawsLaw; and
(ii) it will not, and will not permit any its Subsidiaries to, directly or indirectly, use the Purchase Price or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 2 contracts
Samples: Receivables Sale Agreement (Smithfield Foods Inc), Receivables Sale Agreement (Smithfield Foods Inc)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. (i) Each SPV Entity Originator shall promptly notify the Administrative Agent in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Collateral Receivables or Sold Assets Related Rights becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser Parties, upon request by the Administrative Agent or any of the Purchasers, such SPV Entity Originator shall provide substitute Pledged Collateral or Sold Assets Receivables and Related Rights acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.
(ii) Each SPV Entity Originator shall not permit permit, and shall not cause its Subsidiaries, the Buyer and the Canadian Servicer to permit, a violation of any Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.
(iii) No SPV Entity Each Originator shall not, and shall not permit any of its Subsidiaries or the Buyer and the Canadian Servicer to, (a) become a Sanctioned Person or allow its employees, officers, directors, affiliates, consultants, brokers, and agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or indirectly through a third party, engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Capital or pay any other Seller Obligations with funds derived from any unlawful activity; (d) permit any Sold Asset Receivables or Pledged Collateral Related Rights to become Embargoed Property; or (e) engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of Canada, the United States or other applicable jurisdictions relating to economic sanctions and any Anti-Terrorism Laws.
Appears in 2 contracts
Samples: Canadian Purchase and Sale Agreement (NCR Atleos Corp), Purchase and Sale Agreement (NCR Corp)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. Such Loan Party covenants and agrees that:
(i) Each SPV Entity shall promptly notify the Administrative Agent it and its Subsidiaries will not: (A) take any action that could reasonably be expected to result in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser Parties, upon request by the Administrative Agent or any of the Purchasers, such SPV Entity shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.
(ii) Each SPV Entity shall not permit a violation of any Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.
(iii) No SPV Entity shall (a) become it becoming a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and affiliates or agents acting on its behalf in connection with this Agreement to become becometake any action that could reasonably be expected to result in any such person becoming a Sanctioned Person; (bB) directly, or indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned JurisdictionJurisdiction in violation of Anti-Terrorism Laws, including any use of the proceeds of the Investments Advances to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned JurisdictionJurisdiction in violation of Anti-Terrorism Laws,. (C) directly or indirectly provide, use or make available the proceeds of any Advance hereunder (x) in any manner that could result in a violation by any Person of any Anti-Corruption Law (including any Agent, Conduit or Committed Lender, underwriter, advisor, investor, or otherwise) or (y) in violation of any applicable Anti-Corruption Law; (cD) pay or repay the Capital or pay any other Seller Obligations with EmbargoedBlocked Property or funds derived from any unlawful activity; (dDE) permit any Sold Asset or Pledged Collateral to become Embargoed EmbargoedBlocked Property; or (eEF) engage in cause any transactions Agent, Conduit or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Committed Lender to economic sanctions and violate any Anti-Terrorism LawsLaw; and
(ii) it will not, and will not permit any its Subsidiaries to, directly or indirectly, use the Advances or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 2 contracts
Samples: First Amendment to Fifth Amended and Restated Credit and Security Agreement (Smithfield Foods Inc), First Amendment to Fifth Amended and Restated Credit and Security Agreement (Smithfield Foods Inc)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer covenants and agrees that:
(i) Each SPV Entity it shall promptly immediately notify the Administrative Agent each Credit Party in writing upon the occurrence of a Reportable Compliance Event. If ;
(ii) if, at any time time, any Pledged Collateral or Sold Assets becomes Embargoed Property, then, in addition to all other rights and remedies available to the Purchaser Credit Parties, upon request by any Credit Party, the Administrative Agent or any of the Purchasers, Servicer shall cause such SPV Entity shall Borrower to provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.;
(iiiii) Each SPV it shall, and shall require each other Covered Entity shall not permit a violation of any to, conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.;
(iiiiv) No SPV Entity shall it and its Subsidiaries will not: (aA) become a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (bB) directly, or indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (cC) pay or repay the Capital or pay any other Seller Borrower Obligations with Embargoed Property or funds derived from any unlawful activity; (dD) permit any Sold Asset or Pledged Collateral to become Embargoed Property; or (eE) engage in cause any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Credit Party to economic sanctions and violate any Anti-Terrorism LawsLaw; and
(v) it will not, and will not permit any its Subsidiaries to, directly or indirectly, use the Loans or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 1 contract
Samples: Receivables Financing Agreement (Lamar Media Corp/De)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Seller covenants and agrees that:
(i) Each SPV Entity it shall promptly notify the Administrative Agent Administrator and each of the Purchasers in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser Parties, upon request by the Administrative Agent or any of the Purchasers, such SPV Entity shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.;
(ii) Each SPV it shall, and shall require each other Covered Entity shall not permit a violation of any to, conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.;
(iii) No SPV Entity shall it and its Subsidiaries will not: (aA) become a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (bB) directly, or indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (cC) pay or repay any obligation of the Capital Seller hereunder with Embargoed Property or pay any other Seller Obligations with funds derived from any unlawful activity; (dD) permit any Sold Pool Asset or Pledged Collateral to become Embargoed Property; or (eE) engage in cause any transactions Purchaser or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Administrator to economic sanctions and violate any Anti-Terrorism LawsLaw; and
(iv) it will not, and will not permit any its Subsidiaries to, directly or indirectly, use the Investments or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Peabody Energy Corp)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer covenants and agrees that:
(i) Each SPV Entity it shall promptly immediately notify the Administrative Agent and each of the Lenders in writing upon the occurrence of a Reportable Compliance Event. If ;
(ii) if, at any time time, any Pledged Collateral or Sold Assets becomes Embargoed Property, then, in addition to all other rights and remedies available to the Purchaser PartiesAdministrative Agent and each of the Lenders, upon request by the Administrative Agent or any of the PurchasersLenders, such SPV Entity the Servicer shall cause the Borrower to provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.;
(iiiii) Each SPV it shall, and shall require each other Covered Entity shall not permit a violation of any to, conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.;
(iiiiv) No SPV Entity shall it and its Subsidiaries will not: (aA) become a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (bB) directly, or indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (cC) pay or repay the Capital or pay any other Seller Borrower Obligations with Embargoed Property or funds derived from any unlawful activity; (dD) permit any Sold Asset or Pledged Collateral to become Embargoed Property; or (eE) engage in cause any transactions Lender or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Administrative Agent to economic sanctions and violate any Anti-Terrorism LawsLaw; and
(v) it will not, and will not permit any its Subsidiaries to, directly or indirectly, use the Loans or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 1 contract
Samples: Receivables Financing Agreement (Alliance Resource Partners Lp)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. (i) Each SPV Entity The Borrower covenants and agrees that (A) it shall promptly notify the Administrative Agent and each of the Lenders in writing upon the occurrence of a Reportable Compliance Event. If ; and (B) if, at any time time, any Pledged Collateral or Sold Assets becomes Embargoed Blocked Property, then, in addition to all other rights and remedies available to the Purchaser PartiesAdministrative Agent and each of the Lenders, upon request by the Administrative Agent or any of the PurchasersLenders, such SPV Entity the Aveanna Parties shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers Lenders that is not Embargoed Blocked Property.
(ii) Each SPV The Borrower shall require each Covered Entity shall not permit a violation of any to conduct its business in compliance with all Anti-Corruption Laws and shall maintain the Servicer maintains, and the other Covered Entities are subject to, policies and procedures reasonably designed to ensure promote compliance with such Anti-Corruption Laws.
(iii) No SPV Entity shall The Borrower hereby covenants and agrees it will not: (a) become a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or or, knowingly, indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments facilities to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Capital facilities with Blocked Property or pay any other Seller Obligations with funds derived from any unlawful activity; (d) knowingly permit any Sold Asset or Pledged Collateral to become Embargoed Blocked Property; or (e) engage in cause any transactions Lender or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Administrative Agent to economic sanctions and violate any Anti-Terrorism LawsLaw.
Appears in 1 contract
Samples: Receivables Financing Agreement (Aveanna Healthcare Holdings, Inc.)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. (ia) Each SPV Entity The Seller shall promptly immediately notify the Administrative Agent Administrator and each Purchaser in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Seller Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser PartiesPurchaser, upon request by the Administrative Agent Administrator or any of the Purchasers, such SPV Entity the Seller shall provide substitute Pledged Seller Collateral or Sold Assets acceptable to the Administrative Agent Administrator and the Purchasers that is not Embargoed Property.
(iib) Each SPV Entity The Seller shall not permit a violation of any conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.
(iiic) No SPV Entity The Seller shall not (a) become a Sanctioned Person or allow its employees, officers, directors, affiliates, consultants, brokers, and agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or indirectly through a third party, engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments Purchases to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Capital or pay any other Seller Obligations with funds derived from any unlawful activity; (d) permit any Sold Asset or Pledged Seller Collateral to become Embargoed Property; or (e) engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating to economic sanctions and any Anti-Terrorism Laws; or (f) knowingly cause any Purchaser Party to violate any sanctions administered by OFAC.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Fleetcor Technologies Inc)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. (ia) Each SPV Entity The Servicer shall promptly immediately notify the Administrative Agent Administrator and each Purchaser in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Seller Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser PartiesPurchasers, upon request by the Administrative Agent Administrator or any of the Purchasers, such SPV Entity the Servicer shall provide substitute Pledged Seller Collateral or Sold Assets acceptable to the Administrative Agent Administrator and the Purchasers that is not Embargoed Property.
(iib) Each SPV Entity The Servicer shall, and shall not permit a violation of any cause its Subsidiaries, the Seller and the Originators to, conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.
(iiic) No SPV Entity The Servicer shall not, and shall not permit any of its Subsidiaries or the Seller and the Originators to, (a) become a Sanctioned Person or allow its employees, officers, directors, affiliates, consultants, brokers, and agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or indirectly through a third party, engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments Purchases to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Capital or pay any other Seller Obligations with funds derived from any unlawful activity; (d) permit any Sold Asset Assets or Pledged Seller Collateral to become Embargoed Property; or (e) engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating to economic sanctions and any Anti-Terrorism Laws; or (f) knowingly cause any Purchaser Party to violate any sanctions administered by OFAC.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Fleetcor Technologies Inc)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. (i) Each SPV Entity The Seller shall promptly notify the Administrative Agent Administrator and each of the Purchaser Agents in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser Parties, upon request by the Administrative Agent or any of the Purchasers, such SPV Entity shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.
(ii) Each SPV Entity The Seller shall not permit a violation of any conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Lawslaws.
(iii) No SPV Entity The Seller shall not: (a) become a Sanctioned Person or allow its employees, officers, directors, affiliates, consultants, brokers, and agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or indirectly through a third party, engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments Purchase Facility to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Capital or pay any other Seller Obligations Purchase Facility with funds derived from any unlawful activity; (d) permit any Sold Pool Asset or Pledged Collateral to become Embargoed Property; or (e) engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws laws of the United States or other applicable jurisdictions relating to economic sanctions and any Anti-Terrorism Laws; or (f) cause any Purchaser or Administrator to violate any sanctions administered by OFAC.
(iv) The Seller not, and will not permit any its Subsidiaries to directly or indirectly, use the Capital or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 1 contract
Samples: Receivables Purchase Agreement (TransDigm Group INC)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. (i) Each SPV Entity The Borrower covenants and agrees that (A) it shall promptly immediately notify the Administrative Agent and each of the Lenders in writing upon the occurrence of a Reportable Compliance Event. If ; and (B) if, at any time time, any Pledged Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser PartiesAdministrative Agent and each of the Lenders, upon request by the Administrative Agent or any of the PurchasersLenders, such SPV Entity the Borrower shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers Lenders that is not Embargoed Property.
(ii) Each SPV Entity The Borrower shall not permit a violation of any conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.
(iii) No SPV Entity The Borrower shall not: (a) become a Sanctioned Person or allow its employees, officers, directorsdirectors and affiliates acting on its behalf in connection with this Agreement to become a Sanctioned Person, affiliatesor, to the knowledge of the Borrower, allow its consultants, brokers, and agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or indirectly through a third party, engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments Credit AgreementLoans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Capital or pay any other Seller Obligations Credit AgreementLoans with funds derived from any unlawful activity; (d) permit any Sold Asset or Pledged Collateral to become Embargoed Property; or (e) engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating to economic sanctions and any Anti-Terrorism Laws; or (f) cause any Lender or Administrative Agent to violate any sanctions administered by OFAC.
(iv) The Borrower shall not, and will not permit any of its Subsidiaries to directly or indirectly, use the Loans or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 1 contract
Samples: Receivables Financing Agreement (Evoqua Water Technologies Corp.)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer hereby covenants and agrees that:
(i) Each SPV Entity (A) it shall promptly immediately notify the Administrative Agent and each Purchaser in writing upon the occurrence of a Reportable Compliance Event. If ;
(ii) if at any time any Pledged Seller Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser Parties, upon request by the Administrative Agent or any of the Purchasers, such SPV Entity the Servicer shall cause the Seller to provide substitute Pledged Seller Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.
(iiiii) Each SPV Entity It shall, and shall not permit a violation require each of any its Subsidiaries to, conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.;
(iiiiv) No SPV Entity shall it and its Subsidiaries will not: (a) become a Sanctioned Person or allow its employees, officers, directors, affiliates, consultants, brokers, and or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or indirectly through a third party, engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use Country in violation of the proceeds of the Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdictionsanctions; (c) repay the Capital or pay any other Seller Obligations with Embargoed Property or funds derived from any unlawful activity; (d) permit any Sold Asset or Pledged Collateral to become Embargoed Property; or (e) engage in cause any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Purchaser Party to economic sanctions and violate any Anti-Terrorism Laws; and
(v) it will not directly or knowingly indirectly, use the Investments or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 1 contract
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. (i) Each SPV Entity Servicer shall promptly notify the Administrative Agent in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser Parties, upon request by the Administrative Agent or any of the Purchasers, such SPV Entity the Servicers shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.
(ii) Each SPV Entity Servicer shall not permit a permit, and shall not cause its respective Subsidiaries to permit, any violation of any Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.. 742583266 14453710
(iii) No SPV Entity The Servicers shall not, and shall not permit any of its Subsidiaries to, (a) become a Sanctioned Person or allow its employees, officers, directors, affiliates, consultants, brokers, and agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or indirectly through a third party, engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Capital or pay any other Seller Obligations with funds derived from any unlawful activity; (d) permit any Sold Asset Assets or Pledged Collateral to become Embargoed Property; or (e) engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating to economic sanctions and any Anti-Terrorism Laws.
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Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer covenants and agrees that:
(i) Each SPV Entity it shall promptly immediately notify the Administrative Agent each Purchaser Party in writing upon the occurrence of a Reportable Compliance Event. If ;
(ii) if, at any time time, any Pledged Collateral or Sold Supporting Assets becomes Embargoed Property, then, in addition to all other rights and remedies available to the any Purchaser PartiesParty, upon request by any Purchaser Party, it shall cause the Administrative Agent or any of the Purchasers, such SPV Entity shall Seller to provide substitute Pledged Collateral or Sold Supporting Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.;
(iiiii) Each SPV it shall, and shall require each other Covered Entity shall not permit a violation of any to, conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.;
(iiiiv) No SPV Entity shall it and its Subsidiaries will not: (aA) become a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (bB) directly, or indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (cC) pay or repay the Capital or pay any other Seller Obligations with Embargoed Property or funds derived from any unlawful activity; (dD) permit any Sold Asset or Pledged Collateral Supporting Assets to become Embargoed Property; or (eE) engage in cause any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Purchaser Party to economic sanctions and violate any Anti-Terrorism LawsLaw; and
(v) it will not, and will not permit any its Subsidiaries to, directly or indirectly, use the Investments or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Mativ Holdings, Inc.)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. Each Borrower covenants and agrees that:
(i) Each SPV Entity it shall promptly immediately notify the Administrative Agent each Credit Party in writing upon the occurrence of a Reportable Compliance Event. If ;
(ii) if, at any time time, any Pledged Collateral or Sold Assets becomes Embargoed Property, then, in addition to all other rights and remedies available to the Purchaser Credit Parties, upon request by the Administrative Agent or any of the PurchasersCredit Party, such SPV Entity Borrower shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.;
(iiiii) Each SPV it shall, and shall require each other Covered Entity shall not permit a violation of any to, conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.;
(iiiiv) No SPV Entity shall it and its Subsidiaries will not: (aA) become a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (bB) directly, or indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (cC) pay or repay the Capital or pay any other Seller Borrower Obligations with Embargoed Property or funds derived from any unlawful activity; (dD) permit any Sold Asset or Pledged Collateral to become Embargoed Property; or (eE) engage in cause any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Credit Party to economic sanctions and violate any Anti-Terrorism LawsLaw; and
(v) it will not, and will not permit any its Subsidiaries to, directly or indirectly, use the Loans or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 1 contract
Samples: Receivables Financing Agreement (Lamar Media Corp/De)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer covenants and agrees that:
(i) Each SPV Entity it shall promptly notify the Administrative Agent Administrator and each of the Purchasers in writing upon the occurrence of a Reportable Compliance Event. If at any time any Pledged Collateral or Sold Assets becomes Embargoed Property, in addition to all other rights and remedies available to the Purchaser Parties, upon request by the Administrative Agent or any of the Purchasers, such SPV Entity shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.;
(ii) Each SPV it shall, and shall require each other Covered Entity shall not permit a violation of any to, conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.;
(iii) No SPV Entity shall it and its Subsidiaries will not: (aA) become a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and or agents acting on its 745381243 05109795751949792 05109795 behalf in connection with this Agreement to become a Sanctioned Person; (bB) directly, or indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (cC) pay or repay any obligation of the Capital Seller hereunder with Embargoed Property or pay any other Seller Obligations with funds derived from any unlawful activity; (dD) permit any Sold Pool Asset or Pledged Collateral to become Embargoed Property; or (eE) engage in cause any transactions Purchaser or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Administrator to economic sanctions and violate any Anti-Terrorism LawsLaw; and
(iv) it will not, and will not permit any its Subsidiaries to, directly or indirectly, use the Investments or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Peabody Energy Corp)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Borrower covenants and agrees that:
(i) Each SPV Entity it shall promptly immediately notify the Administrative Agent and each of the Lenders in writing upon the occurrence of a Reportable Compliance Event. If ;
(ii) if, at any time time, any Pledged Collateral or Sold Assets becomes Embargoed Property, then, in addition to all other rights and remedies available to the Purchaser PartiesAdministrative Agent and each of the Lenders, upon request by the Administrative Agent or any of the PurchasersLenders, such SPV Entity the Borrower shall provide substitute Pledged Collateral or Sold Assets acceptable to the Administrative Agent and the Purchasers that is not Embargoed Property.;
(iiiii) Each SPV it shall, and shall require each other Covered Entity shall not permit a violation of any to, conduct its business in compliance with all Anti-Corruption Laws and shall maintain policies and procedures designed to ensure compliance with such Anti-Corruption Laws.;
(iiiiv) No SPV Entity shall it and its Subsidiaries will not: (aA) become a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (bB) directly, or indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Investments Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (cC) pay or repay the Capital or pay any other Seller Borrower Obligations with Embargoed Property or funds derived from any unlawful activity; (dD) permit any Sold Asset or Pledged Collateral to become Embargoed Property; or (eE) engage in cause any transactions Lender or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Applicable Laws of the United States or other applicable jurisdictions relating Administrative Agent to economic sanctions and violate any Anti-Terrorism LawsLaw; and
(v) it will not, and will not permit any its Subsidiaries to, directly or indirectly, use the Loans or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts business.
Appears in 1 contract
Samples: Receivables Financing Agreement (Alliance Resource Partners Lp)