SECTION # Anti-Corruption Laws; Anti-Money Laundering Laws; Sanctions
Sanctions Concerns and Anti-Corruption laws.
6.16Anti-Corruption Laws; Sanctions.
Anti-Corruption Laws; Anti-Money Laundering Laws. Will not, directly or, to the Companys knowledge, indirectly # use the proceeds of any Borrowing or Letter of Credit for any purpose which would # breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010 or other similar anti-corruption legislation of the European Union or # if the Company and its Subsidiaries conduct a material portion of their business in other jurisdictions, breach other similar anti-corruption legislation of such other jurisdictions except where such would not reasonably be expected to have an effect that is material to the Company and its Subsidiaries taken as a whole or # engage in any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of offenses designated in any applicable , regulation or other binding measure implementing the Forty Recommendations and Nine Special Recommendations published by the Organisation for Economic Cooperation and Developments Financial Action Task Force on Money Laundering, in each case under this [clause (2)], to the extent that such transaction, investment, undertaking or activity, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.
Anti-Corruption Laws means any applicable Laws relating to anti-bribery or anticorruption (governmental or commercial), including Laws that prohibit the corrupt payment, offer, promise, or authorization of the payment or transfer of anything of value (including gifts or entertainment), directly or indirectly, to any representative of a foreign Governmental Entity or commercial entity to obtain a business advantage, including the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act of 2010, and all national and international Laws enacted to implement the OECD Convention on Combating Bribery of Foreign Officials in International Business Transactions.
Violate any applicable anti-corruption laws, Sanctions or any Anti-Terrorism Laws or engage in any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of prohibited offenses designated by the Organization for Economic Co-operation and Development’s Financial Action Task Force on Money Laundering.
Anti-Terrorism Laws means any Laws of any Governmental Authority concerning or relating to financing terrorism, know your customer or money laundering, including Executive Order No. 13224, the USA Patriot Act, the Laws comprising or implementing the Bank Secrecy Act, and the Laws administered by the United States Treasury Departments Office of Foreign Asset Control.
conduct its business in compliance with applicable anti-corruption laws; and
Anti-Corruption Laws shall mean all laws, rules and regulations of any jurisdiction applicable to any Borrower or its Subsidiaries concerning or relating to bribery or anti-corruption.
compliance in all material respects with Anti-Corruption Laws and have instituted and maintained policies and procedures designed to promote and achieve compliance in all material respects with such laws and with applicable Sanctions.
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