Common use of Sanctions; Anti-Corruption Clause in Contracts

Sanctions; Anti-Corruption. (A) None of the Borrower, any of its Subsidiaries or, to the knowledge of the Borrower, any director, officer, employee, agent or Affiliate of the Borrower or any of its Subsidiaries is a Person that is, or is owned or controlled by Persons that are (i) the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority (collectively, “Sanctions”) or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of Sanctions (including, currently, Crimea, Cuba, Iran, North Korea and Syria). (B) The Borrower, its Subsidiaries and their respective directors, officers and employees and, to the knowledge of the Borrower, the agents of the Borrower and its Subsidiaries, are in compliance, in all material respects, with all applicable Sanctions and with the Foreign Corrupt Practices Act of 1977 and the rules and regulations thereunder (the “FCPA”) and any other applicable anti-corruption law. The Borrower and its Subsidiaries have instituted and maintain policies and procedures designed to ensure continued compliance with applicable Sanctions, the FCPA and any other applicable anti-corruption laws.

Appears in 2 contracts

Samples: Loan Agreement (Sumitomo Chemical Co., Ltd.), Loan Agreement (Urovant Sciences Ltd.)

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Sanctions; Anti-Corruption. (A) None of the BorrowerParent, any of its Subsidiaries or, to the knowledge of the Parent or the Borrower, any director, officer, employee, agent or Affiliate of the Borrower Parent or any of its Subsidiaries is a Person that is, or is owned or controlled by Persons that are (i) the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority (collectively, “Sanctions”) or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of Sanctions (including, currently, Crimea, Cuba, Iran, North Korea and Syria). (B) The BorrowerParent, its Subsidiaries and their respective directors, officers and employees and, to the knowledge of the Parent or the Borrower, the agents of the Borrower Parent and its Subsidiaries, are in compliance, in all material respects, with all applicable Sanctions and with the Foreign Corrupt Practices Act of 1977 and the rules and regulations thereunder (the “FCPA”) and any other applicable anti-corruption law. The Borrower Parent and its Subsidiaries have instituted and maintain policies and procedures designed to ensure continued compliance with applicable Sanctions, the FCPA and any other applicable anti-corruption laws.

Appears in 2 contracts

Samples: Loan Agreement (Myovant Sciences Ltd.), Loan Agreement (Sumitomo Chemical Co., Ltd.)

Sanctions; Anti-Corruption. (A) None of the BorrowerCompany, any of its Subsidiaries or, to the knowledge of the BorrowerCompany, any director, officer, employee, agent officer or Affiliate employee of the Borrower Company or any of its Subsidiaries is a Person that is, or is owned 50 percent or more, individually or in the aggregate, directly or indirectly or controlled by Persons persons that are are: (i) the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets ControlControl (“OFAC”), the U.S. Department of State, the United Nations Security Council, the European Union, or Her Majesty’s Treasury or other relevant sanctions authority (collectively, “Sanctions”) ), or (ii) located, organized or resident in a country or territory that is, or whose government is, is the subject of Sanctions (including, currently, Crimea, Cuba, Iran, North Korea and Syria). (B) . The BorrowerCompany, its Subsidiaries and their respective directors, officers and employees and, to the knowledge of the BorrowerCompany, the agents of the Borrower their respective directors, officers and its Subsidiariesemployees, are in compliance, in all material respects, compliance with all applicable Sanctions and with the Foreign Corrupt Practices Act of 1977 1977, as amended, and the rules and regulations thereunder (the “FCPA”) and any other applicable anti-corruption law, in all material respects. The Borrower Company and its Subsidiaries have instituted and maintain policies and procedures reasonably designed to ensure promote and achieve continued compliance with applicable Sanctions, the FCPA and any other applicable anti-corruption laws, in all material respects.

Appears in 1 contract

Samples: Credit Agreement (Kelly Services Inc)

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Sanctions; Anti-Corruption. (Aa) None of the Borrower, any of its Subsidiaries or any director, officer, or employees, or, to the knowledge of the Borrower, any directoragent, officer, employee, agent or Affiliate affiliate of the Borrower or any of its Subsidiaries Subsidiaries, is a Person an individual or entity (“person”) that is, or is owned or controlled by Persons persons that are are: (i) the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury Treasury, or other relevant sanctions authority (collectively, “Sanctions”) ), or (ii) located, organized or resident in a country or territory that is, or whose government is, is the subject of Sanctions (including, currently, Crimea, Cuba, Iran, North Korea and Syria). (Bb) The Borrower, any of its Subsidiaries and their respective directors, officers and employees and, to the knowledge of the Borrower, the agents and affiliates of the Borrower and its Subsidiaries, are in compliance, in all material respects, compliance with all applicable Sanctions and with the Foreign Corrupt Practices Act of 1977 1977, as amended, and the rules and regulations thereunder (the “FCPA”) and any other applicable anti-corruption law, in all material respects. The Borrower and its Subsidiaries have instituted and maintain policies and procedures designed to ensure continued compliance with applicable Sanctions, the FCPA and any other applicable anti-corruption laws.

Appears in 1 contract

Samples: Loan Agreement (Superior Drilling Products, Inc.)

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