Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. Such Loan Party covenants and agrees that: (i) it shall immediately notify each of the Agents 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 each of the Agents, upon request by any of the Agents, such Loan Party shall (or shall cause the Borrower to) provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed Property; and (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance with all Anti-Corruption Laws and maintain policies and procedures reasonably designed to ensure compliance with such Laws.
Appears in 2 contracts
Samples: Credit and Security Agreement (Smithfield Foods Inc), Credit and Security Agreement (Smithfield Foods Inc)
Sanctions and other Anti-Terrorism Laws; Anti-Corruption Laws. Such Loan Party covenants and agrees that:
(i) it shall immediately notify each of the Agents in writing upon the 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 each of the Agents, upon request by any of the Agents, such Loan Party shall (or shall cause the Borrower to) provide substitute Collateral acceptable to the Administrative Agent that is not Embargoed EmbargoedBlocked Property; and
(iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance with all Anti-Corruption Laws and maintain policies and procedures reasonably designed to ensure compliance with such Laws.
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)