Trading with the Enemy Clause Samples
The "Trading with the Enemy" clause prohibits parties from engaging in business transactions or commercial dealings with individuals, entities, or countries that are designated as enemies or are subject to government sanctions, especially during times of war or national emergency. In practice, this means that a company must ensure it does not sell goods, provide services, or transfer funds to any person or organization identified by relevant authorities as an enemy or sanctioned party. The core function of this clause is to ensure compliance with national security laws and regulations, thereby protecting the parties from legal penalties and reputational harm associated with unauthorized dealings.
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Trading with the Enemy. None of the Note Parties or any of the Restricted Subsidiaries has engaged, nor does it intend to engage, in any business or activity prohibited by the Trading with the Enemy Act.
Trading with the Enemy. None of the Borrower or its Subsidiaries has engaged, nor does it intend to engage, in any business or activity prohibited by the Trading with the Enemy Act of 1917 (12 U.S.C. § 95a et seq.).
Trading with the Enemy. Neither any Credit Party nor any of its Subsidiaries has engaged, nor does any Credit Party or any of its Subsidiaries intend to engage, in any business or activity prohibited by the Trading with the Enemy Act.
Trading with the Enemy. Neither the execution of this Agreement nor the use of proceeds thereof violates the Trading With the Enemy Act of 1917, as amended, nor any of the foreign assets control regulations promulgated thereunder or under the International Emergency Economic Powers Act or the U.N. Participation Act of 1945.
Trading with the Enemy. No Credit Party nor any of its Subsidiaries is an “enemy” or an “ally of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act of the United States of America (50 U.S.C. App. §§ 1 et seq.), as amended. To its knowledge, no Credit Party nor any of its Subsidiaries is in violation of (a) the Trading with the Enemy Act, as amended, (b) any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto or (c) the USA PATRIOT Act. No Credit Party or any of its Subsidiaries (i) is a blocked person described in Section 1 of the Anti-Terrorism Order or (ii) to the best of its knowledge, engages in any dealings or transactions, or is otherwise associated, with any such blocked person.
Trading with the Enemy. No Borrower has engaged, nor does it intend to engage, in any business or activity prohibited by the Trading with the Enemy Act.
Trading with the Enemy. Neither Borrower nor any Consolidated Subsidiary or other Loan Party has engaged, nor does it intend to engage, in any business or activity prohibited by the Trading with the Enemy Act.
Trading with the Enemy. No Loan Party has engaged, nor does it intend to engage, in any business or activity prohibited by the Trading with the Enemy Act.
Trading with the Enemy. Borrowers have not engaged, nor do they intend to engage, in any business or activity prohibited by the Trading with the Enemy Act.
Trading with the Enemy. No Borrower or Restricted Subsidiary has engaged, nor does it intend to engage, in any business or activity prohibited by the Trading with the Enemy Act.