Common use of USC Clause in Contracts

USC. 78dd-1 et seq.). None of the funds or assets of such Obligor or any Subsidiary that are used to repay the Loans shall constitute property of, or shall be beneficially owned by, any Designated Person or, to such Obligor’s knowledge, be the direct proceeds derived from any transactions that violate the prohibitions set forth in any applicable Economic Sanctions Law, and no Designated Person shall have any direct or indirect interest in such Obligor insofar as such interest would violate any Economic Sanctions Laws applicable to such Obligor.

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (IsoPlexis Corp), Credit Agreement and Guaranty (IsoPlexis Corp)

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USC. 78dd-1 78dd‑1 et seq.). None of the funds or assets of such Obligor or any Subsidiary that are used to repay the Loans Term Loan shall constitute property of, or shall be beneficially owned by, any Designated Person or, to such each Obligor’s knowledge, be the direct proceeds derived from any transactions that violate the prohibitions set forth in any applicable Economic Sanctions Law, and no Designated Person shall have any direct or indirect interest in such Obligor insofar as such interest would violate any Economic Sanctions Laws applicable to such Obligor.

Appears in 1 contract

Samples: Credit Agreement (Chembio Diagnostics, Inc.)

USC. 78dd-1 et seq.)) or any other Laws applicable to such Obligor. None of the funds or assets of such Obligor or any Subsidiary that are used to repay the Loans shall constitute property of, or shall be beneficially owned by, any Designated Person or, to such Obligor’s knowledge, or be the direct proceeds derived from any transactions that violate the prohibitions set forth in any applicable Economic Sanctions Law, and no Designated Person shall have any direct or indirect interest in such Obligor insofar as such interest would violate any Economic Sanctions Laws applicable to such Obligor.

Appears in 1 contract

Samples: Credit Agreement (Molecular Templates, Inc.)

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USC. 78dd-1 78dd 1 et seq.). None of the funds or assets of such Obligor or any Subsidiary that are used to repay the Term Loans shall constitute property of, or shall be beneficially owned by, any Designated Person or, to such Obligor’s knowledge, be the direct proceeds derived from any transactions that violate the prohibitions set forth in any applicable Economic Sanctions Law, and no Designated Person shall have any direct or indirect interest in such any Obligor or any of its Subsidiaries insofar as such interest would violate any Economic Sanctions Laws applicable to such ObligorObligor or such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (SOPHiA GENETICS SA)

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