Common use of Sanctionable Practices Clause in Contracts

Sanctionable Practices. Engage in (and no Obligor or any Subsidiary thereof shall authorize or permit any Affiliate or any other Person acting on its behalf to engage in) with respect to its Operations or any transaction contemplated by this Agreement, any Sanctionable Practices. Each Obligor further covenants that should IFC notify such Obligor of its concerns that there has been a violation of the provisions of this Section or of Section 3.01(u) of this Agreement, it shall cooperate and it shall cause each relevant Subsidiary to cooperate, in good faith with IFC and its representatives in determining whether such a violation has occurred, and shall respond promptly and in reasonable detail to any notice from IFC, and shall furnish documentary support for such response upon IFC’s request;

Appears in 2 contracts

Sources: Loan Agreement (Canuelas Mill S.A.C.I.F.I.A.), Loan Agreement (Canuelas Mill S.A.C.I.F.I.A.)

Sanctionable Practices. Engage in (and no Obligor or neither the Borrower nor any Subsidiary thereof shall authorize or permit any Affiliate or any other Person acting on its behalf to engage in) with respect to its Operations or any transaction contemplated by this Agreement, any Sanctionable Practices. Each Obligor The Borrower further covenants that should IFC notify such Obligor the Borrower of its concerns that there has been a violation of the provisions of this Section or of Section 3.01(u3.01(t) (Sanctionable Practices) of this Agreement, it shall cooperate and it shall cause each relevant Subsidiary to cooperate, in good faith with IFC and its representatives in determining whether such a violation has occurred, and shall respond promptly and in reasonable detail to any notice from IFC, and shall furnish documentary support for such response upon IFC’s request;

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement (Chindex International Inc)

Sanctionable Practices. Engage in (and no Obligor or neither the Borrower nor any Subsidiary thereof shall authorize or permit any Affiliate or any other Person acting on its behalf to engage in) with respect to its Operations or any transaction contemplated by this Agreement, any Sanctionable Practices. Each Obligor The Borrower further covenants that should IFC notify such Obligor the Borrower of its concerns that there has been a violation of the provisions of this Section or of Section 3.01(u) (Sanctionable Practices) of this Agreement, it shall cooperate and it shall cause each relevant Subsidiary to cooperate, in good faith with IFC and its representatives in determining whether such a violation has occurred, and shall respond promptly and in reasonable detail to any notice from IFC, and shall furnish documentary support for such response upon IFC’s request;.

Appears in 1 contract

Sources: Loan Agreement (Afya LTD)

Sanctionable Practices. Engage in (and no Obligor or neither the Borrower, any Subsidiary thereof Co-Borrower nor any of their respective Subsidiaries shall authorize or permit any Affiliate or any other Person acting on its behalf to engage in) with respect to its Operations or any transaction contemplated by this Agreement, any Sanctionable Practices. Each Obligor The Obligors further covenants covenant that should IFC notify such any Obligor of its concerns that there has been a violation of the provisions of this Section or of Section 3.01(u3.01 (t) of this Agreement(Sanctionable Practices), it shall cooperate and it shall cause each relevant Subsidiary to cooperate, in good faith with IFC and its representatives in determining whether such a violation has occurred, and shall respond promptly and in reasonable detail to any notice from IFC, and shall furnish documentary support for such response upon IFC’s request;

Appears in 1 contract

Sources: Loan Agreement (Ambow Education Holding Ltd.)

Sanctionable Practices. Engage in (and no Obligor or neither the Borrower nor any Subsidiary thereof shall authorize or permit any Affiliate or any other Person acting on its behalf to engage in) with respect to its Operations or any transaction contemplated by this Agreement, any Sanctionable Practices. Each Obligor The Borrower further covenants that should IFC notify such Obligor the Borrower of its concerns that there has been a violation of the provisions of this Section or of Section 3.01(u3.01(t) (Representations and Warranties) of this Agreement, it shall cooperate and it shall cause each relevant Subsidiary to cooperate, in good faith with IFC and its representatives in determining whether such a violation has occurred, and shall respond promptly and in reasonable detail to any notice from IFC, and shall furnish documentary support for such response upon IFC’s request;

Appears in 1 contract

Sources: Loan Agreement (Telecom Argentina Sa)

Sanctionable Practices. Engage in (and no Obligor or neither the Borrower nor any Subsidiary thereof shall authorize or permit any Affiliate or any other Person acting on its behalf to engage in) with respect to its Operations or any transaction contemplated by this Agreement, any Sanctionable Practices. Each Obligor The Borrower further covenants that should IFC notify such Obligor the Borrower of its concerns that there has been a violation of the provisions of this Section 3.01(r) or of Section 3.01(u3.01(t) (Representations and Warranties) of this Agreement, it shall cooperate and it shall cause each relevant Subsidiary to cooperate, in good faith with IFC and its representatives in determining whether such a violation has occurred, and shall respond promptly and in reasonable detail to any notice from IFC, and shall furnish documentary support for such response upon IFC’s request;; ​

Appears in 1 contract

Sources: Loan Agreement (Telecom Argentina Sa)