Sanctions Restricted Person definition
Examples of Sanctions Restricted Person in a sentence
In the event that Experian becomes aware that Sanctions apply to or otherwise target a Group Company of the Reseller or the Group Company of a Reseller is on a Sanctions list or that the Reseller is directly or indirectly owned or controlled by a Sanctions Restricted Person, Experian shall be entitled to either suspend the Services provided under this Agreement or terminate this Agreement even if the Reseller itself is not on a Sanctions list.
No part of the proceeds from the sale of any Borrower PP Notes constitutes or will constitute funds obtained on behalf of any Sanctions Restricted Person or will otherwise be used by it or its Affiliates, directly or indirectly, (A) in connection with any investment in, or any transactions or dealings with, any Sanctions Restricted Person, (B) for any purpose that would cause any Borrower Secured Creditor to be in violation of any Sanctions or (C) otherwise in violation of any Sanctions.
Each Obligor shall ensure that no proceeds of any Loan shall be used, lent, contributed or otherwise made available directly or, to its knowledge indirectly, to, or for the benefit of, a Sanctions Restricted Person nor shall they otherwise be applied in a manner or for a purpose prohibited by Sanctions.