Common use of Sanctions and other Anti-Terrorism Laws Clause in Contracts

Sanctions and other Anti-Terrorism Laws. Each Loan Party hereby covenants and agrees that until the Facility Termination Date, the Loan Party 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) permit any of the Collateral to become Embargoed Property; (e) 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 (f) cause any Lender or the Administrative Agent to violate any sanctions administered by OFAC.

Appears in 3 contracts

Samples: Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.)

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Sanctions and other Anti-Terrorism Laws. Each Loan Party hereby covenants and agrees that until the Facility Termination Datelast day of the Term, the Loan Party will not, and will not permit any of 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 Sanction Person or Sanctioned Jurisdiction, including any use of the proceeds of the Facilities Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Sanctions Person or Sanctioned Jurisdiction; (c) repay the Facilities Loans with funds derived from any unlawful activity; (d) permit any of the Collateral to become Embargoed Property; (e) 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 (f) cause any Lender or the Administrative Agent to violate any sanctions administered by OFAC.

Appears in 3 contracts

Samples: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc), Security Agreement (Ampco Pittsburgh Corp)

Sanctions and other Anti-Terrorism Laws. Each Loan Party Borrower hereby covenants and agrees that until the Facility Termination Datelast day of the Term, the Loan Party such Borrower will not, and will not permit any of 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 Sanction Person or Sanctioned Jurisdiction, including any use of the proceeds of the Facilities Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Sanctions Person or Sanctioned Jurisdiction; (c) repay the Facilities Loans with funds derived from any unlawful activity; (d) permit any of the Collateral to become Embargoed Property; (e) 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 (f) cause any Lender or the Administrative Agent to violate any sanctions administered by OFAC.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation), Credit and Security Agreement (Virco MFG Corporation)

Sanctions and other Anti-Terrorism Laws. Each Loan Party Borrower hereby covenants and agrees that until the Facility Termination Datelast day of the Term, the Loan Party such Borrower will not, and will not permit any of 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 Sanction Person or Sanctioned Jurisdiction, including any use of the proceeds of the Facilities Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Sanctions Person or Sanctioned Jurisdiction; (c) repay the Facilities Loans with funds derived from any unlawful activity; (d) permit any of the Collateral to become Embargoed Property; (e) 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-Anti- Terrorism Laws; or (f) cause any Lender or the Administrative Agent to violate any sanctions administered by OFAC.. 7.19

Appears in 1 contract

Samples: Credit and Security Agreement (Virco MFG Corporation)

Sanctions and other Anti-Terrorism Laws. Each Loan Party hereby covenants and agrees that until the Facility Termination Date, the Loan Party will not, and will not permit any of its Subsidiaries to: 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) permit any of the Collateral to become Embargoed Property; (e) 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 (f) cause any Lender Lender, Administrative Agent or the Administrative Collateral Agent to violate any sanctions administered by OFAC.

Appears in 1 contract

Samples: Credit Agreement (Mastech Digital, Inc.)

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Sanctions and other Anti-Terrorism Laws. Each Loan Party hereby covenants and agrees that until the Facility Termination Expiration Date, the Loan Party 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, knowingly engage in any transactions or other dealings with any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Facilities Loans to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Person or Sanctioned Jurisdiction, in each case that would be in violation of Anti-Terrorism Laws; (c) knowingly repay the Facilities Loans with funds derived from any unlawful activity; (d) permit any of the Collateral to become Embargoed Property[reserved]; (e) 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 (f) cause any the Lender or the Administrative Agent to violate any sanctions administered by OFACOFAC or any other sanctions program of a type referenced in the definition of “Sanctioned Person”.

Appears in 1 contract

Samples: Term Loan Credit Agreement (New Jersey Resources Corp)

Sanctions and other Anti-Terrorism Laws. Each Loan Party The Servicer hereby covenants and agrees that until the Facility Termination Date, the Loan Party no Covered Entity nor its Subsidiaries will not, and will not permit any its Subsidiaries to: (a) become a Sanctioned Person or allow its any employees, officers, directors, affiliates, consultants, brokers, and or 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 or for the benefit of any Sanctioned Person or Sanctioned Jurisdiction, including any use of the proceeds of the Facilities 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 Capital or any other obligations of the Seller with Embargoed Property or funds derived from any unlawful activity; (d) permit any of the Collateral Pool Asset to become Embargoed Property; or (e) engage in cause any transactions Purchaser, any Purchaser Agent, the LC Bank or other dealings with any Sanctioned Person or Sanctioned Jurisdiction prohibited by any Laws of the United States or other applicable jurisdictions relating Administrator to economic sanctions and violate any Anti-Terrorism Laws; or (f) cause any Lender or Law. EXHIBIT V TERMINATION EVENTS Each of the Administrative Agent to violate any sanctions administered by OFAC.following shall be a “Termination Event”:

Appears in 1 contract

Samples: Pledge Agreement (Triumph Group Inc)

Sanctions and other Anti-Terrorism Laws. Each Loan Party hereby covenants and agrees that until the Facility Termination Datelast day of the Term, the Loan Party will not, and will not permit any of 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 Sanction Person or Sanctioned Jurisdiction, including any use of the proceeds of the Facilities Advances 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 Advances with funds derived from any unlawful activity; (d) permit any of the Collateral to become Embargoed Property; (e) 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 (f) cause any Lender or the Administrative Agent to violate any sanctions administered by OFAC.

Appears in 1 contract

Samples: Loan Agreement (Motorcar Parts America Inc)

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