Common use of Anti-Terrorism; OFAC; FCPA Clause in Contracts

Anti-Terrorism; OFAC; FCPA. To the extent applicable, Borrowers are not and none of Borrowers’ Restricted Subsidiaries or, to the knowledge of the Borrowers, none of the Borrowers’ Related Parties (other than Borrowers’ Restricted Subsidiaries), is in violation, in any material respect, with (i) the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the U.S. Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) or any other enabling legislation or executive order relating thereto, (ii) any other applicable laws or regulations relating to economic sanctions or trade embargoes or (iii) any legal requirements relating to terrorism or money laundering, including the USA PATRIOT Act (together with clauses (i) and (ii), “Sanctions”). No part of the proceeds of any Loan will be used or made available to any Person, to fund any activities of any Person, or in any country or territory, that, at the time of such funding, is the subject of any Sanctions. No Borrower and none of any Borrower’s Restricted Subsidiaries or, to the knowledge of the Borrowers, none of Borrowers’ Related Parties (other than Borrowers’ Restricted Subsidiaries), will take or has taken any action, directly or indirectly, that would result in a violation by such Persons of the Foreign Corrupt Practices Act of 1977, as amended, or any other applicable antibribery or anticorruption law.

Appears in 2 contracts

Samples: Revolving Loan Credit Agreement (ConvergeOne Holdings, Inc.), Revolving Loan Credit Agreement (Forum Merger Corp)

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Anti-Terrorism; OFAC; FCPA. To the extent applicable, Borrowers are not no Borrower and none of Borrowers’ its Restricted Subsidiaries or, to the knowledge of the BorrowersBorrower, none of the Borrowers’ Borrower’s Related Parties (other than Borrowers’ its Restricted Subsidiaries), is in violation, in any material respect, with (i) the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the U.S. Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) or any other enabling legislation or executive order relating thereto, (ii) any other applicable laws or regulations relating to economic sanctions or trade embargoes or (iii) any legal requirements relating to terrorism or money laundering, including the USA PATRIOT Act (together with clauses (i) and (ii), “Sanctions”). No part of the proceeds of any Term Loan will be used or made available to any Person, to fund any activities of any Person, or in any country or territory, that, at the time of such funding, is the subject of any Sanctions. No Borrower and none of any Borrower’s its Restricted Subsidiaries or, to the knowledge of the BorrowersBorrower, none of Borrowers’ Borrower’s Related Parties (other than Borrowers’ its Restricted Subsidiaries), will take or has taken any action, directly or indirectly, that would result in a violation by such Persons of the Foreign Corrupt Practices Act of 1977, as amended, or any other applicable antibribery or anticorruption law.

Appears in 2 contracts

Samples: Term Loan Agreement (ConvergeOne Holdings, Inc.), Term Loan Agreement (Forum Merger Corp)

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