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

Sanctions and other Anti-Terrorism Laws. Each Loan Party hereby covenants and agrees that until the last day of the Term, the Loan Party will not, and will 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 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 Sanctions Person or Sanctioned Jurisdiction; (c) repay the Loans with funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; (e) engage in any 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 Laws; or (f) cause any Lender or Agent to violate any sanctions administered by OFAC.

Appears in 3 contracts

Samples: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc), Security Agreement (Ampco Pittsburgh Corp)

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Sanctions and other Anti-Terrorism Laws. Each Loan Party hereby covenants and agrees that until the last day of the TermFacility Termination Date, the Loan Party will not, and will 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 Sanction 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 Sanctions Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Loans Facilities with funds derived from any unlawful activity; (d) permit any of the Collateral to become Embargoed Property; (e) engage in any 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 Laws; or (f) cause any Lender or the Administrative Agent to violate any sanctions administered by OFAC.

Appears in 3 contracts

Samples: Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.)

Sanctions and other Anti-Terrorism Laws. Each Loan Party Borrower hereby covenants and agrees that until the last day of the Term, the Loan Party such Borrower will not, and will 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 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 Sanctions Person or Sanctioned Jurisdiction; (c) repay the Loans with funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; (e) engage in any 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 Laws; or (f) cause any Lender or Agent to violate any sanctions administered by OFAC.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation), Credit and Security Agreement (Virco MFG Corporation)

Sanctions and other Anti-Terrorism Laws. Each Loan Party hereby covenants and agrees that until the last day of the Term, the Loan Party will not, and will not permit any of its Subsidiaries to: 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 Sanction 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 Sanctions Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Loans Facilities with funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; (e) engage in any 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 Laws; or (f) cause any Lender Lender, Administrative Agent or Collateral Agent to violate any sanctions administered by OFAC.

Appears in 1 contract

Samples: Credit Agreement (Mastech Digital, Inc.)

Sanctions and other Anti-Terrorism Laws. Each Loan Party Borrower hereby covenants and agrees that until the last day of the Term, the Loan Party such Borrower will not, and will 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 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 Sanctions Person or Sanctioned Jurisdiction; (c) repay the Loans with funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; (e) engage in any 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-Anti- Terrorism Laws; or (f) cause any Lender or Agent to violate any sanctions administered by OFAC.. 7.19

Appears in 1 contract

Samples: Credit and Security Agreement (Virco MFG Corporation)

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Sanctions and other Anti-Terrorism Laws. Each Loan Party The Servicer hereby covenants and agrees that until the last day of the Term, the Loan Party no Covered Entity nor its Subsidiaries will not, and will not permit any of its Subsidiaries to: (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 indirectly through a third party, engage in any transactions or other dealings with or for the benefit of any Sanction 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 Sanctions Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Loans Capital or any 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) engage in cause any transactions Purchaser, any Purchaser Agent, the LC Bank or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Laws of the United States or other applicable jurisdictions relating Administrator to economic sanctions and violate any Anti-Terrorism Laws; or (f) cause any Lender or Agent to violate any sanctions administered by OFAC.Law. EXHIBIT V TERMINATION EVENTS Each of the following shall be a “Termination Event”:

Appears in 1 contract

Samples: Pledge Agreement (Triumph Group Inc)

Sanctions and other Anti-Terrorism Laws. Each Loan Party hereby covenants and agrees that until the last day of the TermExpiration Date, the Loan Party will not, and will 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, knowingly engage in any transactions or other dealings with any Sanction 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 Sanctions Sanctioned Person or Sanctioned Jurisdiction, in each case that would be in violation of Anti-Terrorism Laws; (c) knowingly repay the Loans with funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property[reserved]; (e) engage in any 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 Laws; or (f) cause any the Lender or Agent to violate any sanctions administered by OFACOFAC or any other sanctions program of a type referenced in the definition of “Sanctioned Person”.

Appears in 1 contract

Samples: Term Loan Credit Agreement (New Jersey Resources Corp)

Sanctions and other Anti-Terrorism Laws. Each Loan Party hereby covenants and agrees that until the last day of the Term, the Loan Party will not, and will 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 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 Sanctions Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Loans Advances with funds derived from any unlawful activity; (d) permit any Collateral to become Embargoed Property; (e) engage in any 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 Laws; or (f) cause any Lender or Agent to violate any sanctions administered by OFAC.

Appears in 1 contract

Samples: Loan Agreement (Motorcar Parts America Inc)

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