Common use of Sanctioned Persons; Anti-Corruption Laws; PATRIOT Act Clause in Contracts

Sanctioned Persons; Anti-Corruption Laws; PATRIOT Act. None of the Credit Parties or any of their respective directors, officers or, to the knowledge of the Borrower, employees, agents, advisors or Affiliates is subject to any sanctions or economic embargoes administered or enforced by the U.S. Department of State or the U.S. Department of Treasury (including the Office of Foreign Assets Control) or any other applicable sanctions authority (collectively, “Sanctions”, and the associated laws, rules, regulations and orders, collectively, “Sanctions Laws”). Each of the Credit Parties and their respective directors, officers and, to the knowledge of the Borrower, employees, agents, advisors and Affiliates is in compliance, in all material respects, with (a) all Sanctions Laws, (b) the United States Foreign Corrupt Practices Act of 1977, as amended, and any other applicable anti-bribery or anti-corruption laws, rules, regulations and orders (collectively, “Anti-Corruption Laws”) and (c) the PATRIOT Act and any other applicable terrorism and money laundering laws, rules, regulations and orders. No part of the proceeds of the Loans will be used, directly or indirectly, (A) for the purpose of financing any activities or business of or with any Person or in any country or territory that at such time is the subject of any Sanctions or (B) for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of any Anti-Corruption Law.

Appears in 4 contracts

Samples: Credit Agreement (FS Energy & Power Fund), Credit Agreement (FS Investment Corp III), Credit Agreement (FS Investment Corp II)

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Sanctioned Persons; Anti-Corruption Laws; PATRIOT Act. None of the Credit Parties Borrower or Cablevisión or any of their respective directors, officers or, to the knowledge of the Borrower, employees, agents, advisors agents or Affiliates is subject to any sanctions or economic embargoes administered or enforced by the U.S. Department of State or the U.S. Department of Treasury (including the Office of Foreign Assets Control) ), the European Union or any other applicable sanctions authority Her Majesty’s Treasury (collectively, “Sanctions”, and the associated laws, rules, regulations and orders, collectively, “Sanctions Laws”). Each of the Credit Parties Borrower and Cablevisión and their respective directors, officers and, to the knowledge of the Borrower, employees, agents, advisors agents and Affiliates is in compliance, in all material respects, with (ai) all applicable Sanctions Laws, (bii) the United States Foreign Corrupt Practices Act of 1977, as amended, and any other applicable anti-bribery or anti-corruption laws, rules, regulations and orders (collectively, “Anti-Corruption Laws”) and (ciii) the PATRIOT Act and any other applicable terrorism and anti-money laundering (including anti-terrorism financing) laws, rules, regulations and orders. No part of the proceeds of the Loans will be used, directly or (to the knowledge of Borrower) indirectly, (A) for the purpose of financing any commercial activities or business of or with any Person or in any country or territory that at such time is the subject of any Sanctions Sanctions, each in violation of Sanctions; or (B) for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, each in violation of any Anti-Corruption Law.

Appears in 1 contract

Samples: Credit Agreement (Cablevision Holding S.A.)

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