Common use of Sanctions; Anti-Terrorism Laws Clause in Contracts

Sanctions; Anti-Terrorism Laws. No Lessee Party shall, directly or indirectly, nor shall any Lessee Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding, or lend, contribute or otherwise make available such proceeds to any Subsidiary, (i) to fund, finance or facilitate any activities of or business with any individual or entity, or in any Sanctioned Country, that, at the time of such funding, is the subject of Sanctions except (A) as otherwise permitted pursuant to a license granted by the Office of Foreign Assets Control of the U.S. Department of the Treasury or (B) otherwise to the extent permissible for a Person required to comply with Sanctions, or (ii) in any other manner that will result in a violation of Sanctions by any party hereto. No Lessee Party shall, directly or indirectly, nor shall any Lessee Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding for any purpose which would breach any Anti-Terrorism Laws applicable to any Lessee Party or Subsidiary, including the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act (Canada), the UK Bribery Act 2010, and other similar anti-corruption legislation in any jurisdiction in which any Lessee Party or any of its Subsidiaries is located or is doing material business.

Appears in 1 contract

Samples: Participation Agreement (Big Lots Inc)

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Sanctions; Anti-Terrorism Laws. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any FundingLoans or Letters of Credit, or lend, contribute or otherwise make available such proceeds to any Subsidiary, (i) to fund, finance or facilitate any activities of or business with any individual or entity, or in any Sanctioned Country, that, at the time of such funding, is the subject of Sanctions except (A) as otherwise permitted pursuant to a license granted by the Office of Foreign Assets Control of the U.S. Department of the Treasury or (B) otherwise to the extent permissible for a Person required to comply with Sanctions, or (ii) in any other manner that will result in a violation of Sanctions by any party hereto. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding Loans or Letters of Credit for any purpose which would breach any Anti-Terrorism Laws applicable to any Lessee Loan Party or Subsidiary, including the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act (Canada), the UK Bribery Act 2010Xxxxxxx Xxx 0000, and other similar anti-corruption legislation in any jurisdiction in which any Lessee Loan Party or any of its Subsidiaries is located or is doing material business.. SECTION 6.10 [Reserved] SECTION 6.11 [Reserved] SECTION 6.12

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Sanctions; Anti-Terrorism Laws. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any FundingLoans or Letters of Credit, or lend, contribute or otherwise make available such proceeds to any Subsidiary, (i) to fund, finance or facilitate any activities of or business with any individual or entity, or in any Sanctioned Country, that, at the time of such funding, is the subject of Sanctions except (A) as otherwise permitted pursuant to a license granted by the Office of Foreign Assets Control of the U.S. Department of the Treasury or (B) otherwise to the extent permissible for a Person required to comply with Sanctions, or (ii) in any other manner that will result in a violation of Sanctions by any party hereto. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding Loans or Letters of Credit for any purpose which would breach any Anti-Terrorism Laws applicable to any Lessee Loan Party or Subsidiary, including the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act (Canada), the UK Bribery Act 2010Xxxxxxx Xxx 0000, and other similar anti-corruption legislation in any jurisdiction in which any Lessee Loan Party or any of its Subsidiaries is located or is doing material business. Notwithstanding the foregoing, the representations and covenants made in this Section 6.09 shall not be made by nor apply to any Person that qualifies as a corporation that is registered or incorporated under the laws of Canada or any province thereof and that carries on business in whole or in part in Canada within the meaning of Section 2 of the Foreign Extraterritorial Measures (United States) Order, 1992 passed under the Foreign Extraterritorial Measures Act (Canada) in so far as such representations would result in a violation of or conflict with the Foreign Extraterritorial Measures Act (Canada) or any similar law.

Appears in 1 contract

Samples: Credit Agreement (Designer Brands Inc.)

Sanctions; Anti-Terrorism Laws. No Lessee Party shall, directly or indirectly, nor shall any Lessee Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding, or lend, contribute or otherwise make available such proceeds to any Subsidiary, (i) to fund, finance or facilitate any activities of or business with any individual or entity, or in any Sanctioned Country, that, at the time of such funding, is the subject of Sanctions except (A) as otherwise permitted pursuant to a license granted by the Office of Foreign Assets Control of the U.S. Department of the Treasury or (B) otherwise to the extent permissible for a Person required to comply with Sanctions, or (ii) in any other manner that will result in a violation of Sanctions by any party hereto. No Lessee Party shall, directly or indirectly, nor shall any Lessee Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding for any purpose which would breach any Anti-Terrorism Laws applicable to any Lessee Party or Subsidiary, including the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act (Canada), the UK Bribery Act 2010, and other similar anti-corruption legislation in any jurisdiction in which any Lessee Party or any of its Subsidiaries is located or is doing material business.. SECTION 5.4. Financial Covenants of the Guarantors and the Lessee. (a)

Appears in 1 contract

Samples: Participation Agreement (Big Lots Inc)

Sanctions; Anti-Terrorism Laws. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any FundingLoans or Letters of Credit, or lend, contribute or otherwise make available such proceeds to any Subsidiary, (i) to fund, finance or facilitate any activities of or business with any individual or entity, or in any Sanctioned Country, that, at the time of such funding, is the subject of Sanctions except (A) as otherwise permitted pursuant to a license granted by the Office of Foreign Assets Control of the U.S. Department of the Treasury or (B) otherwise to the extent permissible for a Person required to comply with Sanctions, or (ii) in any other manner that will result in a violation of Sanctions by any party hereto. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding Loans or Letters of Credit for any purpose which would breach any Anti-Terrorism Laws applicable to any Lessee Loan Party or Subsidiary, including the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act (Canada), the UK Bribery Act 2010Xxxxxxx Xxx 0000, and other similar anti-corruption legislation in any jurisdiction in which any Lessee Loan Party or any of its Subsidiaries is located or is doing material business.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

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Sanctions; Anti-Terrorism Laws. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any FundingLoans or Letters of Credit, or lend, contribute or otherwise make available such proceeds to any Subsidiary, (i) to fund, finance or facilitate any activities of or business with any individual or entity, or in any Sanctioned Country, that, at the time of such funding, is the subject of Sanctions except (A) as otherwise permitted pursuant to a license granted by the Office of Foreign Assets Control of the U.S. Department of the Treasury or (B) otherwise to the extent permissible for a Person required to comply with Sanctions, or (ii) in any other manner that will result in a violation of Sanctions by any party hereto. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding Loans or Letters of Credit for any purpose which would breach any Anti-Terrorism Laws applicable to any Lessee Loan Party or Subsidiary, including the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act (Canada), the UK Bribery Act 2010Xxxxxxx Xxx 0000, and other similar antiAnti-corruption legislation Corruption Laws in any jurisdiction in which any Lessee Loan Party or any of its Subsidiaries is located or is doing material business.. Notwithstanding the foregoing, the representations and covenants made in this Section 6.09 shall not be made by nor apply to any Person that qualifies as a corporation that is registered or incorporated under the laws of Canada or any province thereof and that carries on business in whole or in part in Canada within the meaning of Section 2 of the Foreign Extraterritorial Measures (United States) Order, 1992 passed under the Foreign Extraterritorial Measures Act (Canada) in so far as such representations would result in a violation of or conflict with the Foreign Extraterritorial Measures Act (Canada) or any similar law. SECTION 6.10

Appears in 1 contract

Samples: Credit Agreement (Designer Brands Inc.)

Sanctions; Anti-Terrorism Laws. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding, Loans or lend, contribute or otherwise make available such proceeds to any Subsidiary, Subsidiary (i) to fund, finance or facilitate any activities of or business with any individual or entity, or in any Sanctioned Country, that, at the time of such funding, is the subject of Sanctions except (A) as otherwise permitted pursuant to a license granted by the Office of Foreign Assets Control of the U.S. Department of the Treasury or (B) otherwise to the extent permissible for a Person required to comply with Sanctions, or (ii) or in any other manner that will result in a violation of Sanctions by any party hereto. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding Loans for any purpose which would breach any Anti-Terrorism Laws applicable to any Lessee Loan Party or Subsidiary, including the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act (Canada), the UK Bribery Act 2010, and other similar antiAnti-corruption legislation Corruption Laws in any jurisdiction in which any Lessee Loan Party or any of its Subsidiaries is located or is doing material business.. Notwithstanding the foregoing, the representations and covenants made in this Section 6.09 shall not be made by nor apply to any Person that qualifies as a corporation that is registered or incorporated under 111 11584747

Appears in 1 contract

Samples: Term Credit Agreement (Designer Brands Inc.)

Sanctions; Anti-Terrorism Laws. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any FundingLoans or Letters of Credit, or lend, contribute or otherwise make available such proceeds to any Subsidiary, (i) to fund, finance or facilitate any activities of or business with any individual or entity, or in any Sanctioned Country, that, at the time of such funding, is the subject of Sanctions except (A) as otherwise permitted pursuant to a license granted by the Office of Foreign Assets Control of the U.S. Department of the Treasury or (B) otherwise to the extent permissible for a Person required to comply with Sanctions, or (ii) in any other manner that will result in a violation of Sanctions by any party hereto. No Lessee Loan Party shall, directly or indirectly, nor shall any Lessee Loan Party permit any Subsidiary to directly or indirectly, use the Leased Property or the proceeds of any Funding Loans or Letters of Credit for any purpose which would breach any Anti-Terrorism Laws applicable to any Lessee Loan Party or Subsidiary, including the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act (Canada), the UK Bribery Act 2010, and other similar antiAnti-corruption legislation in any jurisdiction in which any Lessee Party or any of its Subsidiaries is located or is doing material business.Corruption Laws in

Appears in 1 contract

Samples: Credit Agreement (Designer Brands Inc.)

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