Sanctions and other Anti-Terrorism Laws. Until the last day of the Term, permit any Loan Party or any of its Subsidiaries to: (a) become a Sanctioned Person or allow any employees, officers, directors or affiliates, or, to the knowledge of any Loan Party, any consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, 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 Loans 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 Loans with Embargoed Property or funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; or (e) cause any Lender or Agent to violate any Anti-Terrorism Law.
Appears in 9 contracts
Samples: Revolving Credit, Term Loan, Guaranty and Security Agreement (Dril-Quip Inc), Revolving Credit, Term Loan, Guaranty and Security Agreement (Dril-Quip Inc), Revolving Credit, Term Loan, Guaranty and Security Agreement (Dril-Quip Inc)
Sanctions and other Anti-Terrorism Laws. Until Holdings, the last day of the Term, permit any Loan Party or any of its Subsidiaries toBorrower and each Restricted Subsidiary will not: (a) become a Sanctioned Person or allow any employees, officers, directors or directors, affiliates, or, to the knowledge of any Loan Party, any consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, 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 Loans 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 Loans with Embargoed Property or funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; or (e) cause any Lender Lender, the Administrative Agent or the Collateral Agent to violate any Anti-Terrorism Law.
Appears in 5 contracts
Samples: Abl Credit and Guaranty Agreement (QualTek Services Inc.), Abl Credit and Guaranty Agreement (QualTek Services Inc.), Credit Agreement (QualTek Services Inc.)
Sanctions and other Anti-Terrorism Laws. Until the last day of the Term, permit any Each Loan Party or any of hereby covenants and agrees that until the Facility Termination Date, the Loan Party and its Subsidiaries towill not: (a) become a Sanctioned Person or allow any employees, officers, directors or directors, affiliates, or, to the knowledge of any Loan Party, any consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, 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 Loans Facilities to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) pay or repay the Loans Facilities with Embargoed Property or funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; or (e) cause any Lender Lender, Administrative Agent or Collateral Agent to violate any Anti-Terrorism Law.
Appears in 4 contracts
Samples: Credit Agreement (TWFG, Inc.), Credit Agreement (TWFG, Inc.), Credit Agreement (TWFG, Inc.)
Sanctions and other Anti-Terrorism Laws. Until The Borrower hereby covenants and agrees that, the last day of the Term, permit any Loan Party or any of Borrower and its Subsidiaries towill not: (a) become a Sanctioned Person or allow any employees, officers, directors or directors, affiliates, or, to the knowledge of any Loan Party, any consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, 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 Loans 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 Loans Facilities with Embargoed Property or funds derived from any unlawful activity; (d) permit any Cash Collateral to become Embargoed Property; or (e) cause any Lender Lender, any L/C Issuer, or the Administrative Agent to violate any Anti-Terrorism LawLaw or any applicable Sanctions.
Appears in 2 contracts
Samples: Credit Agreement (Ansys Inc), Credit Agreement (Ansys Inc)
Sanctions and other Anti-Terrorism Laws. Until Each Loan Party hereby covenants and agrees that until the last day of the Term, permit any such Loan Party or any of and its Subsidiaries towill not: (a) become a Sanctioned Person or allow any employees, officers, directors or directors, affiliates, or, to the knowledge of any Loan Party, any consultants, brokers, or brokers and agents acting on its their behalf in connection with this Agreement to become Agreement, that is or becomes a Sanctioned PersonPerson to have any involvement with their activities under this Agreement or with the proceeds of any facility; (b) directly, or knowingly indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Sanction Person or Sanctioned Jurisdiction, including any use of the proceeds of the Loans Advances to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Sanctions Person or Sanctioned Jurisdiction; (c) repay the Loans Advances with Embargoed Property or funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; or (e) cause any Lender or Agent to violate any Anti-Terrorism Law.
Appears in 2 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)
Sanctions and other Anti-Terrorism Laws. Until Each Loan Party hereby covenants and agrees that until the last day of the Term, permit any such Loan Party or any of and its Subsidiaries towill not: (a) become a Sanctioned Person or allow any employees, officers, directors or directors, affiliates, or, to the knowledge of any Loan Party, any consultants, brokers, or brokers and agents acting on its their behalf in connection with this Agreement to become Agreement, that is or becomes a Sanctioned PersonPerson to have any involvement with their activities under this Agreement or with the proceeds of any facility; (b) directly, or knowingly indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Sanction 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 Sanctions Person or Sanctioned Jurisdiction; (c) repay the Loans with Embargoed Property or funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; or (e) cause any Lender or Agent to violate any Anti-Terrorism Law.. [PHI Group] Revolving Credit, Term Loan and Security Agreement
Appears in 2 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)
Sanctions and other Anti-Terrorism Laws. Until Each Loan Party hereby covenants and agrees that until the last day of the Term, permit any such Loan Party or any of and its Subsidiaries towill not: (a) become a Sanctioned Person or allow any employees, officers, directors or directors, affiliates, or, to the knowledge of any Loan Party, any consultants, brokers, or brokers and agents acting on its their behalf in connection with this Agreement to become Agreement, that is or becomes a Sanctioned PersonPerson to have any involvement with their activities under this Agreement or with the proceeds of any facility; (b) directly, or knowingly indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanctioned Sanction 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 Sanctions Person or Sanctioned Jurisdiction; (c) repay the Loans with Embargoed Property or funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; or (e) cause any Lender or Agent to violate any Anti-Terrorism Law.
Appears in 2 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)
Sanctions and other Anti-Terrorism Laws. Until The Performance Guarantor hereby covenants and agrees that the last day of the Term, permit any Loan Party or any of Performance Guarantor nor its Subsidiaries towill: (a) become a Sanctioned Person or allow any employees, officers, directors or directors, affiliates, or, to the knowledge of any Loan Party, any consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, 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 Loans 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 Loans Capital or other obligations of the Seller with Embargoed Property or funds derived from any unlawful activity; (d) permit any Collateral Pool Asset to become Embargoed Property; or (e) cause any Lender Purchaser, any Purchaser Agent, the LC Bank or Agent the Administrator to violate any Anti-Terrorism Law.
Appears in 1 contract
Sanctions and other Anti-Terrorism Laws. Until Each Loan Party hereby covenants and agrees that until the last day of the Term, permit any the Loan Party or any of and its Subsidiaries towill not: (a) become a Sanctioned Person or allow any employees, officers, directors or directors, affiliates, or, to the knowledge of any Loan Party, any consultants, brokers, or agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, 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 Loans Advances to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Sanctions Person or Sanctioned Jurisdiction; (c) repay the Loans Advances with Embargoed Property or funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; or (e) cause any Lender or Agent to violate any Anti-Terrorism Law.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Ati Inc)