Common use of Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws Clause in Contracts

Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer covenants and agrees that: (i) it shall promptly notify any Credit Party in writing upon the occurrence of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws and maintain policies and procedures reasonably designed to promote compliance with such Laws; (iv) it and its Subsidiaries will not: (A) become a Sanctioned Person or allow any officers or directors acting on its behalf in connection with this Agreement or, to its knowledge, any employees, affiliates, consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (B) directly or, to its knowledge, 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 Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, in violation of any Anti-Terrorism Law; (C) pay or repay any Borrower Obligations with Embargoed Property or funds derived from any unlawful activity; (D) permit any Collateral to become Embargoed Property; or (E) cause any Credit Party to violate in any material respect any Anti-Terrorism Law; and (v) it will not, and will not permit any its Subsidiaries to, directly or, to its knowledge, 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 2 contracts

Samples: Receivables Financing Agreement (Sylvamo Corp), Receivables Financing Agreement (Sylvamo Corp)

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Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer Seller covenants and agrees that: (i) it shall promptly notify any Credit Party in writing upon the occurrence of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws in all material respects and maintain policies and procedures reasonably designed designed, in Seller’s reasonable business judgment, to promote ensure compliance with such LawsAnti-Corruption Laws in all material respects; (ivii) it and its Subsidiaries will not: (A) become a Sanctioned Person or allow any officers or directors acting on its behalf in connection with this Agreement oremployees, to its knowledgeofficers, any employeesdirectors, affiliates, consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (B) directly ordirectly, to its knowledge, 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 Loans Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, in violation of any Anti-Terrorism Law; (C) pay or repay any Borrower Obligations obligations with Embargoed Property or funds derived from any unlawful activity; (D) permit any Collateral Pool Assets to become Embargoed Property; or (E) cause any Credit Party Purchaser or the Administrator to violate in any material respect any Anti-Terrorism LawLaw in any material respects; and (viii) it will not, and will not permit any its Subsidiaries to, directly or, to its knowledge, or indirectly, use the Loans 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 2 contracts

Samples: Receivables Purchase Agreement (Wesco International Inc), Receivables Purchase Agreement (Wesco International Inc)

Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer Borrower covenants and agrees that: (i) it shall promptly notify any Credit Party in writing upon the occurrence of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to shall provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws and maintain policies and procedures reasonably designed to promote compliance with such Laws; (iv) it and its Subsidiaries will not: (A) become a Sanctioned Person or allow any officers or directors acting on its behalf in connection with this Agreement or, to its knowledge, any employees, affiliates, consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (B) directly or, to its knowledge, indirectly through a any 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 Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, in violation of any Anti-Terrorism Law; (C) pay or repay any Borrower Obligations with Embargoed Property or funds derived from any unlawful activity; (D) permit any Collateral to become Embargoed Property; or (E) cause any Credit Party to violate in any material respect any Anti-Terrorism Law; and (v) it will not, and will not permit any its Subsidiaries to, directly or, to its knowledge, 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 2 contracts

Samples: Receivables Financing Agreement (Sylvamo Corp), Receivables Financing Agreement (Sylvamo Corp)

Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer covenants and agrees that: (i) it shall promptly notify any Credit Party in writing upon the occurrence of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws in all material respects and maintain policies and procedures reasonably designed designed, in Servicer’s reasonable business judgment, to promote ensure compliance with such LawsAnti-Corruption Laws in all material respects; (ivii) it and its Subsidiaries will not: (A) become a Sanctioned Person or allow any officers or directors acting on its behalf in connection with this Agreement oremployees, to its knowledgeofficers, any employeesdirectors, affiliates, consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (B) directly ordirectly, to its knowledge, 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 Loans Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, in violation of any Anti-Terrorism Law; (C) pay or repay any Borrower Obligations obligations with Embargoed Property or funds derived from any unlawful activity; (D) permit any Collateral Pool Assets to become Embargoed Property; or (E) cause any Credit Party Purchaser or the Administrator to violate in any material respect any Anti-Terrorism LawLaw in any material respects; and (viii) it will not, and will not permit any its Subsidiaries to, directly or, to its knowledge, or indirectly, use the Loans 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 2 contracts

Samples: Receivables Purchase Agreement (Wesco International Inc), Receivables Purchase Agreement (Wesco International Inc)

Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer covenants and agrees that: (i) it The Loan Parties shall promptly notify not permit any Credit such Loan Party in writing upon the occurrence or any of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws and maintain policies and procedures reasonably designed to promote compliance with such Laws; (iv) it and its Subsidiaries will not: to (Aa) become a Sanctioned Person or allow any officers or directors acting on its behalf in connection with this Agreement oremployees, to its knowledgeofficers, any employeesdirectors, affiliates, consultants, brokers, or and agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (Bb) directly ordirectly, to its knowledge, 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 Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, in violation of any Anti-Terrorism Law; (Cc) pay or repay any Borrower Obligations the Loans with Embargoed Property or funds derived from any unlawful activity; (Dd) permit any Collateral to become Embargoed Property; or (Ee) cause any Credit Party to violate engage in any material respect transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Laws of the United States or other applicable jurisdictions relating to economic sanctions and any Anti-Terrorism LawLaws; or (f) cause any Lender, Administrative Agent to violate any sanctions administered by OFAC; and (vii) it will not, and will The Loan Parties shall not permit any its Subsidiaries to, directly or, to its knowledge, indirectly, 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: Credit Agreement (Foster L B Co)

Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer Borrower covenants and agrees that: (i) it shall promptly notify any Credit Party the Administrative Agent in writing upon the occurrence of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws in all material respects and maintain policies and procedures reasonably designed to promote ensure compliance with such Laws; (iviii) it and its Subsidiaries will not: (Aa) become a Sanctioned Person or allow any officers or directors acting on its behalf in connection with this Agreement or, to its knowledge, allow any employees, affiliatesofficers, consultants, brokers, directors or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (Bb) directly ordirectly, or (to its knowledge, ) 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 Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, in violation of any Anti-Terrorism Law; (Cc) pay or repay any Borrower Obligations with Embargoed Property or funds it has knowledge were derived from any unlawful activity; (Dd) permit any Collateral to become Embargoed Property; or (Ee) cause any Credit Party to violate in any material respect any Anti-Terrorism Law; and (viv) it will not, and will not permit any its Subsidiaries to, directly or, to its knowledge, 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 (NuStar Energy L.P.)

Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer covenants and agrees that: (a) (i) it shall promptly notify any Credit Party in writing upon the occurrence of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other No Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws and maintain policies and procedures reasonably designed to promote compliance with such Laws; (iv) it and its Subsidiaries will not: (A) become a Sanctioned Person or allow any officers or directors acting on its behalf in connection with this Agreement or, to its knowledge, any employees, affiliates, consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person, (ii) no Covered Entity, either in its own right or through any third party, will (A) have any of its assets in a Designated Jurisdiction or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (B) directly ordo business in or with, to or derive any of its knowledgeincome from investments in or transactions with, indirectly through a third party, any Designated Jurisdiction or Sanctioned Person; (C) engage in any dealings or transactions prohibited by any Anti-Terrorism Law or other dealings with (D) directly or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any indirectly use of the proceeds of the Loans any Loan or Letter of Credit to fund any operations in, finance any investments or activities in, or, make any payments to, a Designated Jurisdiction or Sanctioned Person or Sanctioned Jurisdiction, in each case, otherwise in violation of any Anti-Terrorism Law; , (Ciii) pay the funds used to repay the Obligations will not be directly or repay any Borrower Obligations with Embargoed Property or funds indirectly derived from any unlawful activity; (D) permit any Collateral to become Embargoed Property; or (E) cause any Credit Party to violate in any material respect any violation of Anti-Terrorism Law; and Laws or other unlawful activity, (iv) each Covered Entity shall comply with all Anti-Terrorism Laws and (v) it will notthe Borrowers shall promptly notify the Agent in writing upon the occurrence of a Reportable Compliance Event, and will not permit (b) neither the Loan Parties nor any its Subsidiaries toof their Subsidiaries, directly or, to its knowledge, or indirectly, shall use the Loans or Letters of Credit or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which the Loan Parties or any Covered Entity conducts of their Subsidiaries conduct business.

Appears in 1 contract

Samples: Credit Agreement (CALGON CARBON Corp)

Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer Seller covenants and agrees that: (iA) it shall promptly immediately notify any Credit Party the Buyer in writing upon the occurrence of a Reportable Compliance Event; (iiB) if, at any time, any Collateral Purchased Receivable or Related Security becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Partythe Buyer, upon request by any Credit Partythe Buyer, it the Seller shall cause the Borrower to provide substitute Collateral Purchased Receivables or Related Security acceptable to the Administrative Agent Buyer that is not Embargoed Property; (iiiC) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws and maintain policies and procedures reasonably designed to promote ensure compliance with such Laws; (ivD) it and its Subsidiaries will not: (A) become a Sanctioned Person or allow any officers or directors acting on its behalf in connection with this Agreement oremployees, to its knowledgeofficers, any employeesdirectors, affiliates, consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (B) directly ordirectly, to its knowledge, 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 sanctions, including any use of the proceeds of the Loans Purchased Receivables or Related Security to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, Jurisdiction in violation of any Anti-Terrorism Lawsanctions; (C) pay or repay any Borrower Obligations of its obligations hereunder with Embargoed Property or funds derived from any unlawful activity; (D) permit any Collateral Purchased Receivable or Related Security to become Embargoed Property; or (E) cause any Credit Party the Buyer to violate in any material respect any Anti-Terrorism Law; and (vE) it will not, and will not permit any its Subsidiaries to, directly or, to its knowledge, or indirectly, use the Loans or any proceeds thereof of the Purchased Receivables or Related Security 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 (Cincinnati Bell Inc)

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Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer Seller covenants and agrees that: (i) it shall promptly notify any Credit Party in writing upon the occurrence of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws in all material respects and maintain policies and procedures reasonably designed designed, in Seller’s reasonable business judgment, to promote ensure compliance with such LawsAnti-Corruption Laws in all material respects; (ivii) it and its Subsidiaries will not: (A) become a Sanctioned Person or allow any officers anyits employees, officers, or directors acting on its behalf in connection with this Agreement or, to its knowledge, any employeesdirectors, affiliates, consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (B) directly ordirectly, to its knowledge, 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 Loans Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, in violation of any Anti-Terrorism Law; (C) pay or repay any Borrower Obligations obligations with Embargoed EmbargoedBlocked Property or funds derived from any unlawful activity; (D) permit any Collateral Pool Assets to become Embargoed EmbargoedBlocked Property; or (E) cause any Credit Party Purchaser or the Administrator to violate in any material respect any Anti-Terrorism LawLaw in any material respects; and (vi) (iii) it will not, and will not permit any its Subsidiaries to, directly or, to its knowledge, or indirectly, use the Loans 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. in any manner that would result in a violation by any Person of Anti-Corruption Law (including any Purchaser Party) or in violation in any material respect of any applicable Law, including, without limitation, any applicable Anti-Corruption Law.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Wesco International Inc)

Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer covenants and agrees that: (i) it shall promptly notify any Credit Party in writing upon the occurrence of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws in all material respects and maintain policies and procedures reasonably designed designed, in Servicer’s reasonable business judgment, to promote ensure compliance with such LawsAnti-Corruption Laws in all material respects; (ivii) it and its Subsidiaries will not: (A) become a Sanctioned Person or allow any officers anyits employees, officers, or directors acting on its behalf in connection with this Agreement or, to its knowledge, any employeesdirectors, affiliates, consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (B) directly ordirectly, to its knowledge, 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 Loans Investments to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, in violation of any Anti-Terrorism Law; (C) pay or repay any Borrower Obligations obligations with Embargoed EmbargoedBlocked Property or funds derived from any unlawful activity; (D) permit any Collateral Pool Assets to become Embargoed EmbargoedBlocked Property; or (E) cause any Credit Party Purchaser or the Administrator to violate in any material respect any Anti-Terrorism LawLaw in any material respects; and (viii) it will not, and will not permit any its Subsidiaries to, directly or, to its knowledge, or indirectly, use the Loans Investments or any proceeds thereof for any purpose which would breach any Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts businessxxxxxxxx.xx any manner that would result in a violation by any Person of Anti-Corruption Law (including any Purchaser Party) or in violation in any material respect of any applicable Law, including, without limitation, any applicable Anti-Corruption Law.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Wesco International Inc)

Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Each Servicer covenants and agrees that: (i) it shall promptly notify any each Credit Party in writing upon the knowledge of occurrence of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed EmbargoedBlocked Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed EmbargoedBlocked Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws and maintain policies and procedures reasonably designed to promote compliance with such Laws; (iv) (i) it and its Subsidiaries will not: (A) become a Sanctioned Person or allow any officers or directors acting on its behalf in connection with this Agreement or, to its knowledge, any employees, affiliates, consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (B) directly ordirectly, to its knowledge, 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 Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, Jurisdiction in violation of any Anti-Terrorism LawSanctions; (C) pay or repay any Borrower Obligations with Embargoed EmbargoedBlocked Property or funds derived from any unlawful activity; (D) permit any Collateral to become Embargoed EmbargoedBlocked Property; or (E) cause any Credit Party to violate in any material respect any Anti-Terrorism Law; and (v) (ii) it will not, and will not permit any of its Subsidiaries to, directly or, to its knowledge, or indirectly, use the Loans or any proceeds thereof for any purpose which would breach any applicablein any manner that would result in a violation by any Covered Entity or any Credit Party of Anti-Corruption Laws in any jurisdiction in which any Covered Entity conducts businessLawsLaw.

Appears in 1 contract

Samples: Receivables Financing Agreement (Sabre Corp)

Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. The Servicer hereby covenants and agrees that: (i) it shall promptly notify any Credit Party the Administrative Agent in writing upon the occurrence of a Reportable Compliance Event; (ii) if, at any time, any Collateral becomes Embargoed Property, then, in addition to all other rights and remedies available to any Credit Party, upon request by any Credit Party, it shall cause the Borrower to provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance in all material respects with all Anti-Corruption Laws in all material respects and maintain policies and procedures reasonably designed to promote ensure compliance with such Laws; (iviii) it and its Subsidiaries will not: (Aa) become a Sanctioned Person or allow any officers or directors acting on its behalf in connection with this Agreement or, to its knowledge, allow any employees, affiliatesofficers, consultants, brokers, directors or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (Bb) directly ordirectly, or (to its knowledge, ) 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 Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case, in violation of any Anti-Terrorism Law; (Cc) pay or repay any Borrower Obligations with Embargoed Property or funds it has knowledge were derived from any unlawful activity; (Dd) permit any Collateral to become Embargoed Property; or (Ee) cause any Credit Party to violate in any material respect any Anti-Terrorism Law; and (viv) it will not, and will not permit any its Subsidiaries to, directly or, to its knowledge, 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 (NuStar Energy L.P.)

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