Common use of Compliance with OFAC Rules and Regulations Clause in Contracts

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 20 contracts

Samples: Agency Succession and Amendment Agreement (GateHouse Media, Inc.), Credit Agreement (Osi Systems Inc), Credit Agreement (Spectra Energy Partners, LP)

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Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective Affiliates (ai) is a Sanctioned Person, (bii) has more than 15% of its assets in Sanctioned Countries, or (ciii) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 16 contracts

Samples: Bridge Credit Agreement (GateHouse Media, Inc.), Credit Agreement (Lionbridge Technologies Inc /De/), Secured Bridge Credit Agreement (GateHouse Media, Inc.)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries any Subsidiary or their respective Affiliates Affiliate of the Credit Parties (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 4 contracts

Samples: Credit Agreement (Alliance One International, Inc.), Credit Agreement (Alliance One International, Inc.), Credit Agreement (Alliance One International, Inc.)

Compliance with OFAC Rules and Regulations. None Neither the Borrower nor any of the Credit Parties or their its Subsidiaries or their respective Affiliates (ai) is a Sanctioned Person, (bii) has more than 15% of its assets in Sanctioned Countries, or (ciii) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Credit Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 3 contracts

Samples: Credit Agreement (Oge Energy Corp), Credit Agreement (OGE Enogex Partners L.P.), Credit Agreement (Oge Energy Corp.)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or or, to the knowledge of any Responsible Officer, their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 3 contracts

Samples: Credit Agreement (Orthofix International N V), Credit Agreement (Orthofix International N V), Credit Agreement (Orthofix International N V)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will knowingly be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 3 contracts

Samples: Credit Agreement (Belden Inc.), Credit Agreement (Belden Inc.), Credit Agreement (Belden CDT Inc.)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% any of its assets in Sanctioned Countries, or (c) derives more than 15% any of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 3 contracts

Samples: Revolving Credit Loan Agreement (Hersha Hospitality Trust), Revolving Credit Loan and Security Agreement (Hersha Hospitality Trust), Revolving Credit Loan and Security Agreement (Hersha Hospitality Trust)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or or, to the actual knowledge of any Credit Party, their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder the Term Loan will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 2 contracts

Samples: Credit Agreement (Pep Boys Manny Moe & Jack), Credit Agreement (Pep Boys Manny Moe & Jack)

Compliance with OFAC Rules and Regulations. None To the best of their knowledge, none of the Credit Parties or their Subsidiaries or their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 2 contracts

Samples: Credit Agreement (Eclipsys Corp), Credit Agreement (Eclipsys Corp)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be knowingly used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 2 contracts

Samples: Credit Agreement (Horizon Lines, Inc.), Horizon Lines, Inc.

Compliance with OFAC Rules and Regulations. None of the Credit Parties Borrowers, Guarantors or their Subsidiaries or their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit Loan hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 1 contract

Samples: Credit Agreement (Coleman Cable, Inc.)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective Affiliates (ai) is a Sanctioned Person, (bii) has more than 1510% of its assets in Sanctioned Countries, or (ciii) derives more than 1510% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned CountryPerson.

Appears in 1 contract

Samples: Credit Agreement (Red Robin Gourmet Burgers Inc)

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Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective Affiliates (ai) is a Sanctioned Person, (bii) has more than 15% any of its assets in Sanctioned Countries, or (ciii) derives more than 15% any of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 1 contract

Samples: Credit Agreement (CSS Industries Inc)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective Affiliates (ai) is a Sanctioned PersonPerson or Sanctioned Entity, (bii) has more than 15% of its assets in Sanctioned Countries, or (ciii) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned CountryEntity.

Appears in 1 contract

Samples: Credit Agreement (Red Robin Gourmet Burgers Inc)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder the Term Loan will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 1 contract

Samples: Credit Agreement (Pep Boys Manny Moe & Jack)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective officers, directors or Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit Loan hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 1 contract

Samples: Loan and Security Agreement (Newark Group, Inc)

Compliance with OFAC Rules and Regulations. None of the Credit Parties Borrowers or their Subsidiaries any Subsidiary or their respective Affiliates Affiliate of the Borrowers (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 1 contract

Samples: Credit Agreement (Si International Inc)

Compliance with OFAC Rules and Regulations. None of the Credit Parties or their Subsidiaries or their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 1 contract

Samples: Credit Agreement (Tredegar Corp)

Compliance with OFAC Rules and Regulations. None Neither the Company nor any of the Credit Parties or their its Subsidiaries or nor their respective Affiliates (a) is a Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension Loan or extension of Credit credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

Appears in 1 contract

Samples: Credit Agreement (Houston Exploration Co)

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