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

Sanctions; Anti-Corruption Laws. (a) Neither the Borrower nor any Subsidiary, nor, to the knowledge of the Borrower, any director, officer or employee thereof, is an individual or entity that is: (i) currently the subject or target of any Sanctions; (ii) included on OFAC’s List of Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by the United States federal government (including, without limitation, OFAC), the European Union or Her Majesty’s Treasury; or (iii) located, organized or resident in a Designated Jurisdiction. (i) Neither the Borrower nor any Subsidiary is in violation of the United States Foreign Corrupt Practices Act of 1977, the UK Xxxxxxx Xxx 0000, or other similar anti-corruption legislation in other jurisdictions applicable to the Borrower or Subsidiary from time to time, the effect of which is, or would reasonably be expected to be, material to the Borrower and Subsidiaries taken as a whole; and (ii) the Borrower has instituted and maintained policies and procedures reasonably designed to promote and achieve compliance with such Laws.

Appears in 5 contracts

Samples: Delayed Draw Term Loan Credit Agreement (MSGE Spinco, Inc.), Delayed Draw Term Loan Credit Agreement (Madison Square Garden Sports Corp.), Delayed Draw Term Loan Credit Agreement (Madison Square Garden Entertainment Corp.)

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Sanctions; Anti-Corruption Laws. (a) Neither the Borrower any Loan Party nor any Subsidiary, nor, to the knowledge of the Borrowerany Loan Party, any director, officer or employee thereof, is an individual or entity that is: (i) currently the subject or target of any Sanctions; (ii) included on OFAC’s List of Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by the United States federal government (including, without limitation, OFAC), the European Union or Her Majesty’s Treasury; or (iii) located, organized or resident in a Designated Jurisdiction. (i) Neither the Borrower any Loan Party nor any Subsidiary is in violation of the United States Foreign Corrupt Practices Act of 1977, the UK Xxxxxxx Bxxxxxx Xxx 0000, or other similar anti-corruption legislation in other jurisdictions applicable to the Borrower such Loan Party or Subsidiary from time to time, the effect of which is, or would reasonably be expected to be, material to the Borrower Loan Parties and Subsidiaries taken as a whole; and (ii) the Borrower Parent Guarantor has instituted and maintained policies and procedures reasonably designed to promote and achieve compliance with such Laws.

Appears in 3 contracts

Samples: Credit Agreement (Spirit AeroSystems Holdings, Inc.), Credit Agreement (Spirit AeroSystems Holdings, Inc.), Delayed Draw Term Loan Credit Agreement (Spirit AeroSystems Holdings, Inc.)

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Sanctions; Anti-Corruption Laws. (a) Neither the Borrower nor any Subsidiary, nor, to the knowledge of the Borrower, any director, officer or employee thereof, is an individual or entity that is: (i) currently the subject or target of any Sanctions; (ii) included on OFAC’s List of Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by the United States federal government (including, without limitation, OFAC), the European Union or Her Majesty’s Treasury; or (iii) located, organized or resident in a Designated Jurisdiction. (i) Neither the Borrower nor any Subsidiary is in violation of the United States Foreign Corrupt Practices Act of 1977, the UK Xxxxxxx Xxx 0000Bribery Act 2010, or other similar anti-corruption legislation in other jurisdictions applicable to the Borrower or Subsidiary from time to time, the effect of which is, or would reasonably be expected to be, material to the Borrower and Subsidiaries taken as a whole; and (ii) the Borrower has instituted and maintained policies and procedures reasonably designed to promote and achieve compliance with such Laws.

Appears in 2 contracts

Samples: Delayed Draw Term Loan Credit Agreement (Sphere Entertainment Co.), Delayed Draw Term Loan Credit Agreement (Madison Square Garden Entertainment Corp.)

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