Common use of Anti-Corruption Laws and Sanctions Clause in Contracts

Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure compliance by the Borrower, any Subsidiary and their respective directors, officers and employees with the Anti-Corruption Laws and applicable Sanctions. The Borrower, any Subsidiary and to the knowledge of the Borrower or such Subsidiary their respective officers, directors and employees, are in compliance with the Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or to the knowledge of the Borrower or such Subsidiary any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any third party that will act in any capacity on behalf of or at the direction of the Borrower or any Subsidiary in connection with or will benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing, use of proceeds or other transactions by the Borrower or any Subsidiary contemplated by this Loan Agreement will knowingly violate any Anti-Corruption Law or applicable Sanctions.

Appears in 14 contracts

Samples: Term Loan Agreement (Public Service Co of New Mexico), Term Loan Agreement (Public Service Co of New Mexico), Term Loan Agreement (PNM Resources Inc)

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Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure compliance by the Borrower, any Subsidiary its Subsidiaries and their respective directors, officers officers, employees and employees agents with the Anti-Corruption Laws and applicable Sanctions. The , and the Borrower, any Subsidiary and its Subsidiaries and, to the knowledge of the Borrower or such Subsidiary Borrower, their respective officers, employees, directors and employeesagents, are in compliance with the Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or or, to the knowledge of the Borrower or such Subsidiary Borrower, any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any third party agent of the Borrower or any Subsidiary that will act in any capacity on behalf of or at the direction of the Borrower or any Subsidiary in connection with or will benefit from the credit facility established hereby, is a Sanctioned Person. No BorrowingAssuming that no Bank is a Sanctioned Person, no Borrowing or Letter of Credit, or use of proceeds thereof, or other transactions transaction contemplated by this Agreement will result in a violation by the Borrower or any Subsidiary contemplated by this Loan Agreement will knowingly violate of its Subsidiaries of any applicable Anti-Corruption Law or applicable Sanctions.

Appears in 11 contracts

Samples: Credit Agreement (Centerpoint Energy Resources Corp), Credit Agreement (Centerpoint Energy Resources Corp), Credit Agreement (Centerpoint Energy Houston Electric LLC)

Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures reasonably designed designated to ensure compliance by the Borrower, any Subsidiary its Subsidiaries and their respective directors, officers officers, employees and employees agents, with the Anti-Corruption Laws and applicable Sanctions. The , and the Borrower, any Subsidiary its Subsidiaries and their respective officers and employees, and to the knowledge of the Borrower or such Subsidiary their respective officersBorrower, its directors and employeesagents, are in compliance with the Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary Subsidiary, or to the knowledge of the Borrower or such Subsidiary Subsidiary, any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any third party agent of the Borrower or any Subsidiary that will act in any capacity on behalf of or at the direction of the Borrower or any Subsidiary in connection with or will benefit from the credit facility established hereby, is a Sanctioned Person. No BorrowingBorrowing or Letter of Credit (directly or indirectly), use of proceeds or other transactions by the Borrower or any Subsidiary transaction contemplated by this Loan Agreement will knowingly violate any Anti-Corruption Law Laws or applicable Sanctions.

Appears in 4 contracts

Samples: Credit and Term Loan Agreement (Washington Prime Group Inc.), Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group L P /De/)

Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure compliance by the Borrower, any Subsidiary and their respective directors, officers and employees with the Anti-Corruption Laws and applicable Sanctions. The Borrower, any Subsidiary and to the knowledge of the Borrower or such Subsidiary their respective officers, directors and employees, are in compliance with the Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or to the knowledge of the Borrower or such Subsidiary any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any third party that will act in any capacity on behalf of or at the direction of the Borrower or any Subsidiary in connection with or will benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing, use of proceeds or other transactions by the Borrower or any Subsidiary contemplated by this Loan Credit Agreement will knowingly violate any Anti-Corruption Law or applicable Sanctions.

Appears in 4 contracts

Samples: Credit Agreement (Public Service Co of New Mexico), And Restatement of Credit Agreement (Texas New Mexico Power Co), Credit Agreement (Texas New Mexico Power Co)

Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure compliance in all material respects by the Borrower, any Subsidiary its Subsidiaries and their respective directors, officers officers, employees and employees agents with the Anti-Corruption Laws and applicable Sanctions. The , and the Borrower, any Subsidiary its Subsidiaries and their respective officers and employees and to the knowledge of the Borrower or such Subsidiary their respective officers, its directors and employeesagents, are in compliance with the Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or or, to the knowledge of the Borrower or such Subsidiary Subsidiary, any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any third party agent of the Borrower or any Subsidiary that will act in any capacity on behalf of or at the direction of the Borrower or any Subsidiary in connection with or will benefit from the credit facility established hereby, is a Sanctioned Person. No BorrowingBorrowing or Facility Letter of Credit, use of proceeds or other transactions by the Borrower or any Subsidiary transaction contemplated by this Loan Agreement will knowingly violate any Anti-Corruption Law or applicable Sanctions.

Appears in 3 contracts

Samples: Credit Agreement (Retail Value Inc.), Credit Agreement (DDR Corp), Credit Agreement (DDR Corp)

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Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure compliance by the Borrower, any Subsidiary its Subsidiaries and their respective directors, officers officers, employees and employees agents with the Anti-Corruption Laws and applicable Sanctions. The , and the Borrower, any Subsidiary and its Subsidiaries and, to the knowledge of the Borrower or such Subsidiary Borrower, their respective officers, employees, directors and employeesagents, are in compliance with the Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or or, to the knowledge of the Borrower or such Subsidiary Borrower, any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any third party agent of the Borrower or any Subsidiary that will act in any capacity on behalf of or at the direction of the Borrower or any Subsidiary in connection with or will benefit from the credit facility established hereby, is a Sanctioned Person. No Assuming that no Bank is a Sanctioned Person, no Borrowing, or use of proceeds thereof, or other transactions transaction contemplated by this Agreement will result in a violation by the Borrower or any Subsidiary contemplated by this Loan Agreement will knowingly violate of its Subsidiaries of any applicable Anti-Corruption Law or applicable Sanctions.

Appears in 2 contracts

Samples: Term Loan Agreement (Centerpoint Energy Inc), Term Loan Agreement (Centerpoint Energy Inc)

Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure compliance by the Borrower, any Subsidiary its Subsidiaries and their respective directors, officers officers, employees and employees agents with the Anti-Corruption Laws and applicable Sanctions. The , and the Borrower, any Subsidiary its Subsidiaries and their respective officers and directors and to the knowledge of the Borrower or such Subsidiary Borrower, its Subsidiaries and their respective officers, directors employees and employeesagents, are in compliance with the Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or or, to the knowledge of the Borrower or such Subsidiary Subsidiary, any of their its respective directors, officers or employees, or (b) to the knowledge of the Borrower, any third party agent of the Borrower or any Subsidiary that will act in any capacity on behalf of or at the direction of the Borrower or any Subsidiary in connection with or will benefit from the credit facility established hereby, is a Sanctioned Person. No BorrowingBorrowing or Letter of Credit, use of proceeds proceeds, Transaction or other transactions by the Borrower or any Subsidiary transaction contemplated by this Agreement or the other Loan Agreement Documents will knowingly violate any Anti-Corruption Law Laws or applicable Sanctions.

Appears in 1 contract

Samples: Credit Agreement (Almost Family Inc)

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