ABTL Laws Clause Samples
The "ABTL Laws" clause defines which specific laws or legal framework, referred to as ABTL, will govern the interpretation and enforcement of the contract. In practice, this clause clarifies that any disputes, obligations, or rights arising from the agreement will be resolved according to the rules and statutes of the ABTL jurisdiction. By specifying the applicable legal system, the clause ensures consistency and predictability in legal proceedings, reducing uncertainty and potential conflicts over which laws apply.
ABTL Laws. The Borrower shall provide, promptly following a request by any Lender, all documentation and other information which such Lender may reasonably request in order to comply with its ongoing obligations under ABTL Laws (including, for greater certainty, the USA Patriot Act (Title III of Pub. L. 107-56) and the Beneficial Ownership Regulation). The Borrower authorizes any Lender to request and obtain such information from any Person. The Borrower also acknowledges that pursuant to such ABTL Laws each Lender is or may be required to obtain, verify and record information which allows such Lender to identify the Borrower or any of its Subsidiaries in accordance with said laws.
ABTL Laws. The Credit Parties will not use the proceeds of any Borrowing hereunder in violation of ABTL Laws.
ABTL Laws. The Borrower has implemented and maintains in effect policies and procedures designed in good faith and in a commercially reasonable manner to promote and ensure, in its reasonable judgment, compliance in all material respects by the Borrower and its Subsidiaries with ABTL Laws. The Borrower and its Subsidiaries are in compliance with ABTL Laws and, in their respective jurisdictions, applicable Sanctions, in each case in all material respects. None of the Borrower or any of its Subsidiaries is a Sanctioned Person or is engaged in any activity that would reasonably be expected to result in the Borrower or such Subsidiary being designated as a Sanctioned Person. No Borrowing, use of proceeds or other transaction contemplated by the Credit Agreement will violate ABTL Laws or Sanctions. Each Obligor covenants and agrees to furnish to the Administrative Agent, as soon as possible after becoming aware of it, written notice of any breach to any Sanction or any material breach of ABTL Laws, in all cases, by any of the Borrower's or any of its Subsidiaries' respective directors, officers or employees, or agents to the extent, in the case of agents, acting in any capacity in connection with or benefiting from the Credit Facilities;
ABTL Laws. Promptly, following a request by any Lender, the Borrower will provide all documentation and other information which such Lender may reasonably request in order to comply with its ongoing obligations under ABTL Laws. The Borrower authorizes any Lender to request and obtain such information from any Person. The Borrower also acknowledges that pursuant to such ABTL Laws each Lender is or may be required to obtain, verify and record information which allows such Lender to identify the Borrower in accordance with said laws.