Common use of Sanctions As regards Sanctions Clause in Contracts

Sanctions As regards Sanctions. (a) none of the Security Parties or any Affiliate of any of them is a Prohibited Person or is owned or controlled by, or acting directly or indirectly on behalf of or for the benefit of, a Prohibited Person and none of such persons owns or controls a Prohibited Person;

Appears in 4 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.), Scorpio Tankers Inc.

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Sanctions As regards Sanctions. (a) none None of the Security Parties or any Affiliate of any of them is a Prohibited Person or is owned or controlled by, or acting directly or indirectly on behalf of or for the benefit of, a Prohibited Person and none of such persons owns or controls a Prohibited Person;.

Appears in 3 contracts

Samples: Loan Agreement (Diana Containerships Inc.), Loan Agreement (DHT Holdings, Inc.), Diana Containerships Inc.

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Sanctions As regards Sanctions. (a) none None of the Security Parties or any Affiliate of any of them is a Prohibited Restricted Person or is owned or controlled by, or acting directly or indirectly on behalf of or for the benefit of, a Prohibited Restricted Person and none of such persons owns or controls a Prohibited Restricted Person;.

Appears in 1 contract

Samples: Secured Loan Agreement (Genco Shipping & Trading LTD)

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