Restricted Persons. You hereby represent and warrant that you have not been identified as a Specially Designated National or placed on any sanctions list by the U.S. Treasury Department’s Office of Foreign Assets Control, the U.S. Commerce Department, or the U.S. Department of State; and you will not use our Services to conduct any illegal or illicit activity.
Restricted Persons. No member of the Board of Directors or the respective boards of directors, board of managers and equivalent governing bodies of any of Echo’s Subsidiaries shall be (i) a director, manager, officer, key employee or significant equity holder of any material competitor of Echo or the Company or (ii) a Restricted Person.
Restricted Persons. Guarantor represents that neither Guarantor nor any of its Affiliates (including their directors and officers), the Interestholders or the funding sources for any of them, is a Restricted Person.
Restricted Persons. No Transfer of any Ownership Interest in Franchisee, the Hotel or any Marriott Agreement will be made to a Restricted Person, an Affiliate of a Restricted Person or a Person in which a Restricted Person has an interest or provides funding. Any such Transfer is a default under Section 19.1.B.
Restricted Persons. Tenant is and will remain in compliance with the requirements of Executive Order No. 13224, 66 Fed Reg. 49079 (September 25, 2001) (the “Order”) and other similar requirements contained in the rules and regulations of the Office of Foreign Asset Control, Department of the Treasury (“OFAC”) and in any enabling legislation or other Executive Orders in respect thereof (the Order and such other rules, regulations, legislation, or orders are collectively called the “Orders”). Tenant:
Restricted Persons have, and shall use reasonable endeavours to procure that no Group Member will have, any course of dealings, directly or indirectly, with any Restricted Person;
Restricted Persons. To the extent Services were received by Customer, Customer agrees during the term of this Agreement and for a period of twelve (12) months immediately following the period for which Denim Group last performed services for the Customer under this Agreement, neither Customer nor its employees, agents, subsidiaries, or other affiliated persons or organizations shall solicit or influence, directly or indirectly, employees, consultants or subcontractors of Denim Group or its affiliated organizations (each such person a “Restricted Person”) to leave the employ of Denim Group or its affiliates, nor hire or engage any Restricted Person as an employee or independent contractor.
Restricted Persons. The Borrower understands that the Finance Parties are prohibited to conclude transactions or finance transactions with any persons, entities or any other parties (hereinafter collectively referred to as “Restricted Persons”) (i) subject to any economic and trade sanctions administrated by the United Nations (“UN”), the European Union (“EU”), the state Secretariat for Economic Affairs (“SECO”) of Switzerland and the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”), (ii) owned or controlled by entities or any other parties as defined in (i) hereinbefore. The Borrower confirms that based on appropriate due diligence it shall not transfer or provide the benefits of any money, proceeds or services provided by or received from the Lenders to such Restricted Persons or conduct any business activity prohibited by one of the sanctions programs mentioned hereinbefore such as entering into any ship acquisition agreement, any ship refinancing agreement and/or any charter agreement related to the Vessel, project, asset or otherwise for which money, proceeds or services have been received from the Lenders.
Restricted Persons. No Obligor nor any member of the Group nor any director, officer, agent or employee of any of them or person acting on behalf of the foregoing is a Restricted Person nor acts directly or indirectly on behalf of a Restricted Person, is in breach of Sanctions or, to its knowledge, subject to or involved in any complaint, claim, proceeding, formal notice, investigation or other action by any regulatory or enforcement authority or third party concerning any Sanctions.
Restricted Persons. The Borrower shall, and shall procure that each Security Party shall not transfer, lend, contribute, make use of or provide, directly or indirectly, the benefits of any money, proceeds or services provided by or received from the Facility Lenders to any Restricted Persons or conduct any business activity (such as entering into any ship acquisition agreement, any ship refinancing agreement and/or any charter agreement) related to a vessel, project asset or otherwise which is the subject of Sanctions or for which money, proceeds or services have been received from the Facility Lenders with any Restricted Persons or in any other manner which would reasonably be expected to result in any person (including but not limited to any Facility Beneficiary) being in breach of Sanctions or becoming a Restricted Person. The Borrower shall, and shall procure that each Security Party shall, not fund all or part of any payment in connection with a Facility Document out of proceeds derived from business or transaction with a Restricted Person or from any action which is in breach of any Sanction.
