Examples of Restricted Person in a sentence
Except as could not reasonably be expected to materially and adversely affect the business or operations of the Restricted Persons taken as a whole, each Restricted Person will properly and timely pay all rents, royalties, and other payments due and payable under any such leases, contracts, servitudes, and other agreements, or otherwise attendant to its ownership or operation of any Oil and Gas Property (other than royalty payments suspended in the ordinary course of business).
None of (a) the Restricted Persons and their Subsidiaries or any of their respective directors, managers, officers, or employees or (b) to the knowledge of any Restricted Person, the agents of the Restricted Persons or any Subsidiary of any Restricted Person that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person.
Each Restricted Person and its Subsidiaries and their respective directors, managers, officers, and employees and, to the knowledge of such Restricted Person, their respective agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected to result in any Restricted Person being designated as a Sanctioned Person.
Except for the sale of defaulted notes or accounts receivable in connection with the compromise or collection thereof and not in connection with any financing transaction, the Restricted Persons shall not sell (with or without recourse) any of their notes receivable or accounts receivable to any Person other than a Restricted Person.
In performing its functions and duties under this Agreement, the Administrative Agent shall act solely as agent of the Lenders and the LC Issuer and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any Restricted Person.