Common use of Use of Proceeds Covenant Clause in Contracts

Use of Proceeds Covenant. No Borrower will request any Borrowing or Letter of Credit, and no Borrower shall use or permit its Subsidiaries and its or their respective directors, officers, employees and agents to use, the proceeds of any Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, in any material respect, or (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C) in any other manner that would result in the material violation of any Sanctions applicable to any party hereto.

Use of Proceeds Covenant. No The Borrower will not request any Borrowing Advance or Letter of Credit, and no the Borrower shall use or not use, and shall not permit its Restricted Subsidiaries and its or their respective directors, officers, employees and agents to use, the proceeds of any Borrowing Advance or Letter of Credit (Aa) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of in value, to any Person in violation of any Anti-Corruption Laws or Anti-Money Laundering Laws, in any material respect, or (Bb) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, Person or in any Sanctioned Country, or (Cc) in any other manner that would reasonably could result in the material violation of Sanctions, or any Sanctions applicable manner that reasonably could cause any Person to any party heretobe blocked or designated as a Sanctioned Person.

Use of Proceeds Covenant. No The Borrower will not request any Borrowing Advance or Letter of Credit, and no the Borrower shall use or not use, and shall not permit its Subsidiaries and its or their respective directors, officers, employees and agents to use, the proceeds of any Borrowing Advance or Letter of Credit (Aa) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of in value, to any Person in violation of any Anti-Corruption Laws or Anti-Money Laundering Laws, in any material respect, or (Bb) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, Person or in any Sanctioned Country, or (Cc) in any other manner that would reasonably could result in the material violation of Sanctions, or any Sanctions applicable manner that reasonably could cause any Person to any party heretobe blocked or designated as a Sanctioned Person.