Sanctions and other Anti. Terrorism Laws; Anti-Corruption Laws 120 VII. NEGATIVE COVENANTS 112121 7.1 Merger, Consolidation, Acquisition and Sale of Assets 112121 7.2 Creation of Liens 114122 7.3 Guarantees 114123 7.4 Investments 114123 7.5 Loans 114123 7.6 Capital Expenditures 114123 7.7 Restricted Payments 115123 7.8 Indebtedness 115124 7.9 Nature of Business 115124 7.10 Transactions with Affiliates 115124 7.11 Healthcare Matters 116125 [PHI Group] Revolving Credit, Term Loan and Security Agreement 7.12 Subsidiaries 116125 7.13 Fiscal Year and Accounting Changes 116125 7.14 Pledge of Credit 116125 7.15 Amendment of Organizational Documents 117125 7.16 Compliance with ERISA 117126 7.17 Prepayment of Indebtedness 117126 7.18 Location of Aircraft Collateral; State of Registration; Aircraft Collateral Owner 117126 7.19 Government Lockbox Instructions 117126 7.20 Membership / Partnership Interests 118126 7.21 Sanctions and other Anti-Terrorism Laws 127 7.22 Anti-Corruption Laws 127 VIII. CONDITIONS PRECEDENT 118127 8.1 Conditions to Initial Advances 118127 8.2 Conditions to Each Advance 121130 IX. INFORMATION AS TO BORROWERS 122131 9.1 Disclosure of Material Matters 122131 9.2 Schedules 122131 9.3 Environmental Reports 123132
Sanctions and other Anti. Terrorism Laws; Anti-Corruption Laws. (a) The Loan Parties covenant and agree that they shall promptly notify the Administrative Agent and each of the Banks in writing upon the occurrence of a Reportable Compliance Event. (b) Each Covered Entity shall conduct their business in compliance with all Anti- Corruption Laws in all material respects and maintain policies and procedures reasonably designed to promote compliance with such Laws. 8.1.13.
Sanctions and other Anti. Terrorism Laws; Anti-Corruption Laws. (a) The Loan Parties covenant and agree that (A) they shall immediately notify the Agent and each of the Lenders in writing upon the occurrence of a Reportable Compliance Event; and (B) if, at any time, any Collateral becomes Embargoed Property, in addition to all other rights and remedies available to the Agent and each of the Lenders, upon request by the Agent or any of the Lenders, the Loan Parties shall provide substitute Collateral acceptable to the Lenders that is not Embargoed Property. (b) Each Covered Entity shall conduct their business in compliance with all Anti-Corruption Laws and maintain policies and procedures designed to ensure compliance with such Laws. VII.
Sanctions and other Anti. Terrorism Laws; Anti-
Sanctions and other Anti. Terrorism Laws; Anti-Corruption Laws. The Servicer covenants and agrees that: (i) it shall immediately notify each Purchaser Party in writing upon the occurrence of a Reportable Compliance Event; (ii) if, at any time, any Supporting Assets becomes Embargoed Property, then, in addition to all other rights and remedies available to any Purchaser Party, upon request by any Purchaser Party, it shall cause the Seller to provide substitute Supporting Assets acceptable to the Administrative Agent that is not Embargoed Property; (iii) it shall, and shall require each other Covered Entity to, conduct its business in compliance with all Anti-Corruption Laws and maintain policies and procedures designed to ensure compliance with such Laws;
Sanctions and other Anti. Terrorism Laws; Anti-Corruption Laws. (a) No Loan Party, any Subsidiary of a Loan Party, or, to the knowledge of any such Loan Party, any of their respective directors, officers, employees, agents or affiliates (i) is a Sanctioned Person; (ii) directly, or indirectly through any third party, (A) has any of its assets in a Sanctioned Jurisdiction or in the possession, custody or control of a Sanctioned Person, (B) does business in or with, or derives any of its income from investments in or transactions with, any Sanctioned Jurisdiction or Sanctioned Person; or (C) is engaged in any transactions or other dealings with or, to each Loan Party’s knowledge, for the benefit of any Sanctioned Person or Sanctioned Jurisdiction or any transactions or other dealings that otherwise are prohibited by any Anti-Terrorism Laws. (b) Each of the Loan Parties and their Subsidiaries, and, to the knowledge of each Loan Party, each of their respective directors, officers and employees and agents are in compliance with applicable Anti-Corruption Laws and applicable Anti-Terrorism Laws. The Loan Parties and their Subsidiaries have instituted and maintain policies and procedures designed to ensure continued compliance with applicable Anti-Corruption Laws and applicable Anti-Terrorism Laws. 6.
Sanctions and other Anti. Terrorism Laws; Anti-Corruption Laws . (a) Become a Sanctioned Person or knowingly allow any employees, officers, directors, affiliates, consultants, brokers, or agents, in each case acting on its behalf in connection with this Agreement, to become a Sanctioned Person; (b) directly or, to its knowledge, indirectly engage in any transactions or other dealings with or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Credit Extensions to fund any operations in, finance any investments or activities in, or make any payments to a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Credit Extensions with funds derived from any unlawful activity; (d) cause Agent or any Lender to violate any Anti-Terrorism Law; (e) directly or indirectly use the Credit Extensions or any proceeds thereof for any purpose that would violate any Anti- Corruptions Laws in any jurisdiction in which any Loan Party or any Subsidiary of a Loan Party conducts business; or (f) permit a Subsidiary to do any of the foregoing. 8.
Sanctions and other Anti. Terrorism Laws; International Trade Law Compliance; Anti-Corruption Laws. (a) No Covered Entity will become a Sanctioned Person, (b) no Covered Entity, either in its own right or through any third party, will (A) have any of its assets in a Designated Jurisdiction or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (B) do business in or with, or derive any of its income from investments in or transactions with, any Designated Jurisdiction or Sanctioned Person in violation of any Anti-Terrorism Law; (C) engage in any dealings or transactions prohibited by any Anti-Terrorism Law or (D) use the Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Designated Jurisdiction or Sanctioned Person in violation of any Anti-Terrorism Law, (c) the funds used to repay the Obligations will not be derived from any unlawful activity, (d) each Covered Entity shall comply with all Anti- Terrorism Laws, and (e) the Borrower shall promptly notify the Administrative Agent in writing upon the occurrence of a
Sanctions and other Anti. Terrorism Laws; International Trade Law Compliance; Anti-Corruption Laws. Borrower will not, and will not permit any its Subsidiaries to: (a) become a Sanctioned Person or allow its employees, officers, directors, affiliates, consultants, brokers, and agents acting on its behalf in connection with this Agreement to become a Sanctioned Person; (b) directly, or indirectly through a third party, engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Facilities to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction; (c) repay the Facilities with funds derived from any unlawful activity; (d) engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Laws of the United States or other applicable jurisdictions relating to economic sanctions and any Anti-Terrorism Laws; or (e) cause any Lender or Administrative Agent to violate any sanctions administered by OFAC.
Sanctions and other Anti. Terrorism Laws; International Trade Compliance.Anti-Corruption Laws. 6273 8.1.10 Keepwell. 6273 8.1.11 Certificate of Beneficial Ownership and Other Additional Information. 73 8.2 Negative Covenants. 6374
