Prohibited Entity Sample Clauses
The Prohibited Entity clause defines specific individuals, organizations, or groups that are not permitted to participate in or benefit from the agreement. Typically, this clause lists entities that are subject to government sanctions, embargoes, or other legal restrictions, and may also include competitors or parties with conflicts of interest. Its core practical function is to ensure compliance with applicable laws and regulations, and to protect the parties from legal or reputational risks associated with engaging with restricted or undesirable entities.
Prohibited Entity. Borrower hereby represents and warrants to, and covenants with, Lender that until such time as the Debt shall be paid in full, no Prohibited Entity shall hold any direct and/or indirect ownership interest in Borrower or the Property.
Prohibited Entity. Notwithstanding anything to the contrary contained herein or in any other Loan Document, in no event shall Borrower be (I) a Prohibited Entity, (II) Controlled (directly or indirectly) by any Prohibited Entity or (II) more than 49% owned (directly or indirectly) by any Prohibited Entity (whether individually or in the aggregate), unless, in the case of each of the foregoing, Lender’s prior written consent is first obtained (which such consent shall be given or withheld in Lender’s sole discretion and may be conditioned on, among other things, Lender’s receipt of a Rating Agency Confirmation).
Prohibited Entity. The Borrower shall not (and the Borrower shall ensure that no Operator shall) enter into any Satellite Related Agreement with any Prohibited Entity in respect of the ViaSat-3 Satellite or the ViaSat-2 Satellite.
Prohibited Entity. In the event of a Change of Control involving Customer to a Prohibited Entity (as defined below), Google shall have the right, upon written notice delivered to Customer (or its successor), to terminate this Agreement, effective as of the [*] day following the consummation of the closing of such Change of Control. Such notice shall be delivered by Google not more than [*] following Google's receipt of written notice from Customer that Customer has entered into a definitive agreement involving a Change of Control. [*] Indicates that certain information in this exhibit has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Prohibited Entity. In the event of a Change of Control involving Customer to a Prohibited Entity (as defined below), Google shall have the right, upon written notice delivered to Customer (or its successor), to terminate this Agreement, effective as of the [*] day following the consummation of the closing of such Change of Control. Such notice shall be delivered by Google not more than [*] following Google's receipt of written notice from Customer that Customer has entered into a definitive agreement involving a Change of Control.
Prohibited Entity. The Donor shall remain liable hereunder for any non-performance of any obligations hereunder by the Donee as though the Donor continued to own the Shares Transferred pursuant to this Section.