Regulatory Violation means, with respect to the Grantee (i) a conviction of the Grantee based on a trial or by an accepted plea of guilt or nolo contendere of any felony or misdemeanor crime involving moral turpitude, false statements, misleading omissions, forgery, wrongful taking, embezzlement, extortion or bribery, (ii) a final determination by any court of competent jurisdiction or governmental regulatory body (or an admission by the Grantee in any settlement agreement) that the Grantee has violated any U.S. federal or state or comparable non-U.S. securities laws, rules or regulations or (iii) a final determination by self-regulatory organization having authority with respect to U.S. federal or state or comparable non-U.S. securities laws, rules or regulations (or an admission by the Grantee in any settlement agreement) that the Grantee has violated the written rules of such self-regulatory organization that are applicable to any member of the KKR Group.

Regulatory Violation means, with respect to any SBIC Holder providing Financing under this Agreement, (a) a diversion of the proceeds of such Financing from the use reported thereof on the SBA Form 1031 delivered at the Closing, if such diversion was effected without obtaining the prior written consent of the SBIC Holder (which may be withheld in its sole discretion) or (b) a change in the principal business activity of the Company to an ineligible business activity (within the meaning of the SBIC Regulations) if such change occurs within one year after the date of the initial Financing hereunder.

Regulatory Violation means (a) a diversion of the proceeds from the transactions contemplated by the Recapitalization Agreement described on the use of proceeds statement delivered by the Company on the date hereof, if such diversion was effected without obtaining the prior written consent of the Investor (which consent may be withheld in the Investor's sole discretion) or (b) a change in the principal business activity of the Company and its Subsidiaries to an ineligible business activity (within the meaning of the SBIC Regulations), if such change occurs within one year after the date hereof.

Examples of Regulatory Violation in a sentence

In addition, we can contact the employee representatives, and every employee can also contact the Company’s Compliance Officer or send an e-mail to: compliance@seat.es If we have Reasonable Suspicion of a violation of the Code of Conduct or any Serious Regulatory Violation in our work environment, we can use the Group Whistleblower System to report this – either giving our name or making our report anonymously.
This, too, is a Serious Regulatory Violation and is subject to sanctions.
Deliberate misuse of our Whistleblower System is a Serious Regulatory Violation and is subject to sanction.
The Persons Implicated are ruled by the presumption of innocence principle for as long as a Regulatory Violation is not proven.
Managers or non-tariff employees failing to comply with this obligation are themselves committing a Serious Regulatory Violation which will be sanctioned accordingly.

More Definitions of Regulatory Violation

Regulatory Violation means a change in the principal business activity of the Company to an ineligible business activity (within the meaning of the SBIC Regulations), if such change occurs within one (1) year after the date of the initial purchase of Securities hereunder.

Regulatory Violation means, with respect to St. Cloud, (i) a diversion of the proceeds of the issuance by Borrower and Parent of the Securities from the use reported thereof on the SBA form No. 1031 delivered at the Closing, if such diversion was effected without obtaining the prior written consent of St. Cloud (which may be withheld in its sole discretion) or (ii) a change in the principal business activity of the Credit Parties to an ineligible business activity (within the meaning of the SBIC Regulations) if such change occurs within one year after the date of the initial transactions hereunder.

Regulatory Violation means (i) Midwest (A) becoming subject to regulation under PUHCA other than regulation under Section 1265 of PUHCA and regulation relating to maintaining status as a EWG or (B) becoming subject to public utility regulation under the laws of the State of Illinois or (ii) the failure of Midwest to (A) maintain EWG status, (B) be interconnected with the high voltage network or to have access to transmission services and ancillary services necessary to sell wholesale electric energy, capacity or ancillary services markets administered by PJM Interconnection, or (C) maintain its MBR Authority and, in the case of clause (i)(B) or (ii)(A), such circumstance could reasonably be expected to result in a Material Adverse Effect on Midwest.

Regulatory Violation means (A) a conviction of the Undersigned based on a trial or by an accepted plea of guilt or nolo contendere of any felony or misdemeanor crime involving moral turpitude, false statements, misleading omissions, forgery, wrongful taking, embezzlement, extortion or bribery, (B) a final determination by any court of competent jurisdiction or governmental regulatory body (or an admission by the Undersigned in any settlement agreement) that the Undersigned has violated any U.S. federal or state or comparable non-U.S. securities laws, rules or regulations or (c) a final determination by self-regulatory organization having authority with respect to U.S. federal or state or comparable non-U.S. securities laws, rules or regulations (or an admission by the Undersigned in any settlement agreement) that the Undersigned has violated the written rules of such self-regulatory organization that are applicable to any KKR entity.

Regulatory Violation means (i) Midwest (A) becoming subject to regulation as a "holding company" or a "subsidiary company" or an "affiliate" of a "holding company" required to register under PUHCA or (B) becoming subject to public utility regulation under the laws of the State of Illinois or (ii) the failure of Midwest to (A) be an "exempt wholesale generator" under PUHCA, (B) be interconnected with the high voltage network or to have access to transmission services and ancillary services to sell wholesale electric power or (C) have the authority to sell wholesale electric power at market-based rates and, in the case of clause (i) or (ii), such circumstance could reasonably be expected to result in a Material Adverse Effect on Midwest.

Regulatory Violation means, with respect to the Limited Partner (i) a conviction of the Limited Partner based on a trial or by an accepted plea of guilt or nolo contendere of any felony or misdemeanor crime involving moral turpitude, false statements, misleading omissions, forgery, wrongful taking, embezzlement, extortion or bribery, (ii) a final determination by any court of competent jurisdiction or governmental regulatory body (or an admission by the Limited Partner in any settlement agreement) that the Limited Partner has violated any U.S. federal or state or comparable non-U.S. securities laws, rules or regulations or (iii) a final determination by self-regulatory organization having authority with respect to U.S. federal or state or comparable non-U.S. securities laws, rules or regulations (or an admission by the Limited Partner in any settlement agreement) that the Limited Partner has violated the written rules of such self-regulatory organization that are applicable to any member of the KKR Group.