Common use of Sanctions, Etc Clause in Contracts

Sanctions, Etc. (a) The Borrower will not, directly or indirectly, use the proceeds of the Loans, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, (i) to fund, finance or facilitate any activities or business of or with any Person, or in any country, region or territory, that, at the time, is, or whose government is, the subject of Sanctions, or (ii) in any other manner that would result in a violation of Sanctions by any Person (including any Person participating in the Loans, whether as underwriter, lender, advisor, investor, or otherwise).

Appears in 3 contracts

Samples: Credit Agreement (Tortoise Energy Independence Fund, Inc.), Control Agreement (Tortoise Power & Energy Infrastructure Fund Inc), Control Agreement (Tortoise Energy Independence Fund, Inc.)

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Sanctions, Etc. (a) The No Borrower will not, directly or indirectly, use the proceeds of the Loansany Loan, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, (i) to fund, finance or facilitate any activities or business of or with any Person, or in any country, region or territory, that, at the time, is, or whose government is, the subject of Sanctions, in violation of applicable Sanctions, or (ii) in any other manner that would result in a violation of Sanctions by any Person (including any Person participating in the Loans, whether as underwriter, lender, advisor, investor, or otherwise).

Appears in 2 contracts

Samples: Credit Agreement (Tweedy, Browne Fund Inc.), Credit Agreement (Tweedy, Browne Fund Inc.)

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Sanctions, Etc. (a) The No Affected Person with respect to such Borrower will notwill, directly or indirectly, use the proceeds of the Loans, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, (i) to fund, finance or facilitate any activities or business of or with any Person, or in any country, region or territory, that, at the time, is, or whose government is, the subject of Sanctions, or (ii) in any other manner that would result in a violation of Sanctions by any Person (including any Person participating in the Loans, whether as underwriter, lender, advisor, investor, or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Baillie Gifford Funds)

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