Prohibited Industry means with respect to any Obligor, its primary business is (a) within an industry referred to in the definition of Prohibited Defense Contract; (b) the manufacture of fully completed and operational assault weapons or firearms; (c) in pornography or adult entertainment; or (d) in the betting, gambling or internet gaming industry (other than hospitality and/or resorts development or the management thereof).
Prohibited Industry means with respect to any Obligor, its primary business is (a) within an industry referred to in the definition of Prohibited Defense Asset; (b) the manufacture of fully completed and operational assault weapons or firearms; (c) in pornography or adult entertainment; (d) in the gaming industry (other than (i) a Permitted Gaming Industry or (ii) hospitality and/or resorts development or the management thereof); (e) in the marijuana industry; (f) in the opioid industry or (g) to finance any other industry which is illegal under Applicable Law at the time of acquisition of such Loan.
Prohibited Industry means each of the NAICS descriptions and CDD categories listed on the 2020 High Risk and Prohibited Industry (NAICS) Code List on file with the Administrative Agent and previously delivered to the BDC and the Borrower on or prior to the Effective Date.
Examples of Prohibited Industry in a sentence
Industry Members and CRAs may connect to the FINRA CAT/CAIS systems by either Private Line, a 3rd Party Extranet connection through MNSP (BT Radianz), AWS PrivateLink, or the CATSecurity Alert! Internet Accessibility Prohibited: Industry Members must ensure that CAT connectivity is only accessible from their own organization and isolated from the Internet.
Industry Members and CRAs may connect to the FINRA CAT/CAIS systems by either Private Line, a 3rd Party Extranet connection through MNSP (BT Radianz), AWS PrivateLink, or the CAT Secure Reporting Gateway.Security Alert! Internet Accessibility Prohibited: Industry Members must ensure that CAT connectivity is only accessible from their own organization and isolated from the Internet.
If a Respondent engages in any Prohibited Industries, such damages shall be assed for each day such Respondent engages in such Prohibited Industry.
There is no notable change to the List of Prohibited Industry, Trade except for the supplement of the activity of “debt collection service” into the list.
More Definitions of Prohibited Industry
Prohibited Industry means (i) a Prohibited Defense Industry; (ii) assault weapons or firearms manufacturing; (iii) the pornography or adult entertainment industry; (iv) the production, trade or use of drift nets over 2.5 kilometers in length; (v) the production of asbestos fibers; (vi) the trade in any plant or animal species or products governed by the Convention on International Trade in Endangered Species of Wild Fauna or Flora (“CITES”) which are not authorized by a CITES permit; (vii) activities mainly related to tobacco; (viii) a Freshwater Industry or Mining and Metals Industry; (ix) pay-day lending; (x) activities mainly related to marijuana related business; or (xi) the Crypto currency industry.
Prohibited Industry means, any of the following being the primary and substantial industry or operation of the relevant Underlying Obligor:
Prohibited Industry. With respect to any Obligor, its primary business is (a) the production or distribution of antipersonnel landmines, cluster munitions, biological and chemical, radiological and nuclear weapons or any primary component used specifically in the production of any such weapon system or which plays a direct role in the lethality of any such weapon system; (b) the manufacture of fully completed and operational assault weapons or firearms; (c) pornography or adult entertainment; (d) coal mining and/or coal-based power generation; (e) in the oil sands and associated pipelines industry; (f) the food commodity derivatives industry; (g) the growth and sale of tobacco; (h) upstream production and / or processing of palm oil and palm fruit products; or (i) the making or collection of pay day loans or any unlicensed and unregistered financing.
Prohibited Industry means with respect to any Collateral Obligation, the proceeds will be used for or in connection with, or with respect to any Obligor, its primary business is, (i) the production or distribution of antipersonnel landmines, cluster munitions, biological and chemical, radiological and nuclear weapons or a component used specifically in the production of the foregoing or plays a direct role in the lethality of the foregoing; (ii) the manufacture of fully completed and operational assault weapons or firearms; (iii) in pornography or adult entertainment; (iv) in the gaming industry (other than (A) a Permitted Gaming Industry or (B) hospitality and/or resorts development or the management thereof); (v) in the marijuana industry; (vi) in the opioid industry or (vii) to finance any other industry which is illegal under Applicable Law at the time of acquisition of such Loan.
Prohibited Industry means with respect to any Obligor, its primary business is (a) within an industry referred to in the definition of Prohibited Defense Asset; (b) the sale or manufacture of fully completed and operational assault weapons or firearms; (c) in pornography or adult entertainment (including the development thereof); or (d) in the gaming industry (including for purposes of this clause (d) any form of betting and gambling, but not including (i) any Permitted Gaming Industry or (ii) hospitality and/or resorts development or the management thereof).
Prohibited Industry means with respect to any Obligor, its primary business is at the time of the acquisition of the related Collateral Loan, (a) is a business described in the definition of Prohibited Defense Asset; (b) the manufacture of fully completed and operational assault weapons or firearms; (c) in pornography or adult entertainment; (d) coal mining and/or coal-based power generation; (e) in the oil sands and associated pipelines industry; (f) in the food commodity derivatives industry; (g) in the growth and sale of tobacco; (h) upstream production and / or processing of palm oil and palm fruit products; or (i) the making or collection of pay day loans or any unlicensed and unregistered financing.that derives 25% or more of its revenues from the production, use, storage, trade, or the maintenance, transportation, and financing of weapons firearms, (c) that derives 10% or more of its revenues from activities related to pornography and prostitution, (d) (i) that derives 50% or more of its revenues from coal, (ii) extracts more than 20 million tons of coal per year, or (iii) derives 25% or more of its revenues from thermal coal extraction, (e) is a power generation company that (i) has 25% or more of electricity generation capacities powered by coal, (ii) plans to expand coal power generation capacity by more than 3,000 MW in the medium run, (f) that derives (i) 25% or more of its revenues from tar sands extraction, (ii) 10% or more of its revenue from tar sands transportation, (g) that derives (i) 25% or more of its revenues from speculative transactions of soft commodities (such as wheat, rice, meat, soy, sugar, dairy, fish, and corn) or (ii) that transacts with companies whose main business is the production/trading of such commodities, (h), that derives 25% or more of its revenues from the production or sale of tobacco and tobacco products such as cigars, cigarettes, e-cigarettes, smokeless tobacco, dissolvable and chewing tobacco whether directly or indirectly through majority-owned (50%) subsidiaries, (i) that (i) derives 10% or more of its revenues from non-sustainable palm oil production whether directly or indirectly through majority-owned (50%) subsidiaries or owns over 30.000 ha of palm oil plantations that do not have the Certified Sustainable Palm Oil (CSPO) label, (ii) has unresolved land rights conflicts (iii) is unable to prove the legality of its operations, or (iv) has not undertaken social and environmental impact assessments in relation to palm oil pr...
Prohibited Industry means (i) adult entertainment, (ii) marijuana, (iii) dealers of precious metals, stones and jewels, (iv) internet gambling, (v) business trusts, (vi) digital currency (including support industries), (vii) political action committees, (viii) international importers and exporters of motor vehicles, (ix) check cashers, currency dealers, currency exchangers or issuers, pawn brokers, pawn lending or title lending, (x) payday lenders, (xi) shell banks, (xii) banks as fiduciaries, (xiii) foreign correspondent banks or accounts, (xiv) senior foreign political figures and close associates, such as politically exposed Persons, (xv) guns or ammunitions, (xvi) redeemers of traveler’s checks or money orders or mobile-payment service providers or money remitters or money service businesses engaged in mobile operations offering one of more services or money service businesses registered offshore, (xvii) Automated Clearing House services for third-party senders / originations, (xviii) foreign governmental entities, including embassies, agencies and branches (xix) pain clinics, and (xx) any borrower, industry, or loan type specifically prohibited within the Bank Secrecy Act/Anti-Money Laundering “board approved policy”.