Common use of Foreign Assets Control Regulations Clause in Contracts

Foreign Assets Control Regulations. The use the proceeds from the sale of the Shares will not violate the Trading with the Enemy Act (50 U.S.C. Section 1 et seq., as amended) (the “Trading with the Enemy Act”) or any of the foreign asset control regulations of the United States Treasury Department (31CFR, Subtitle B, Chapter V, as amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079(2001)) (the “Executive Order”) and (b) the Uniting and Strengthening America by providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). Furthermore, neither the Company nor any of its Subsidiaries or other affiliates (a) is or will become a “blocked person” as described in the Executive Order, the Trading with the Enemy Act or the Foreign Assets Control Regulations, or (b) engages or will engage in any dealings or transactions, or otherwise associated, with any such “blocked person”.

Appears in 2 contracts

Sources: Purchase Agreement (Deep Down, Inc.), Purchase Agreement (Deep Down, Inc.)

Foreign Assets Control Regulations. The None of the requesting or borrowing of any Credit Loan or the use of the proceeds from the sale of the Shares such will not violate the Trading with With the Enemy Act (50 U.S.C. Section § 1 et seq., as amended) (the “Trading with With the Enemy Act”) or any of the foreign asset assets control regulations of the United States Treasury Department (31CFR31 CFR, Subtitle B, Chapter V, as amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079(200149079 (2001)) (the “Executive Order”) and (b) the Uniting and Strengthening America by providing Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). Furthermore, neither none of the Company nor any of Borrower or its Subsidiaries or other affiliates Affiliates (a) is or will become a “blocked person” as described in the Executive Order, the Trading with With the Enemy Act or the Foreign Assets Control Regulations, Regulations or (b) engages or will engage in any dealings or transactions, or be otherwise associated, with any such “blocked person”.

Appears in 2 contracts

Sources: Credit Agreement (Interpool Inc), Credit Agreement (Interpool Inc)

Foreign Assets Control Regulations. The Neither of the advance of the Loans nor the use of the proceeds from the sale of the Shares any thereof will not violate the Trading with With the Enemy Act (50 U.S.C. Section § 1 et seq., as amended) (the “Trading with With the Enemy Act”) or any of the foreign asset assets control regulations of the United States Treasury Department (31CFR31 CFR, Subtitle B, Chapter V, as amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079(200149079 (2001)) (the “Executive Order”) and (b) the Uniting and Strengthening America by providing Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). Furthermore, neither none of the Company nor any of its Subsidiaries Borrowers or other affiliates their Affiliates (a) is or will become a “blocked person” as described in the Executive Order, the Trading with With the Enemy Act or the Foreign Assets Control Regulations, Regulations or (b) engages or will engage in any dealings or transactions, or be otherwise associated, with any such “blocked person” or in any manner violative of any such order.

Appears in 2 contracts

Sources: Credit Agreement (Lovesac Co), Credit Agreement (Stein Mart Inc)

Foreign Assets Control Regulations. The use the proceeds from the sale of the Shares Securities will not violate the Trading with the Enemy Act (50 U.S.C. Section 1 et seq., as amended) (the “Trading with the Enemy Act”) or any of the foreign asset control regulations of the United States Treasury Department (31CFR, Subtitle B, Chapter V, as amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079(2001)) (the “Executive Order”) and (b) the Uniting and Strengthening America by providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). Furthermore, neither the Company nor any of its Subsidiaries or other affiliates (a) is or will become a “blocked person” as described in the Executive Order, the Trading with the Enemy Act or the Foreign Assets Control Regulations, or (b) engages or will engage in any dealings or transactions, or otherwise associated, with any such “blocked person”.

Appears in 1 contract

Sources: Securities Purchase Agreement (Minrad International, Inc.)

Foreign Assets Control Regulations. The None of the requesting or borrowing of any Credit Loan or the use of the proceeds from the sale of the Shares such will not violate the Trading with With the Enemy Act (50 U.S.C. Section § 1 et seq., as amended) (the "Trading with With the Enemy Act") or any of the foreign asset assets control regulations of the United States Treasury Department (31CFR31 CFR, Subtitle B, Chapter V, as amended) (the "Foreign Assets Control Regulations") or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079(200149079 (2001)) (the "Executive Order") and (b) the Uniting and Strengthening America by providing Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). Furthermore, neither none of the Company nor any of Borrower or its Subsidiaries or other affiliates Affiliates (a) is or will become a "blocked person" as described in the Executive Order, the Trading with With the Enemy Act or the Foreign Assets Control Regulations, Regulations or (b) engages or will engage in any dealings or transactions, or be otherwise associated, with any such "blocked person".

Appears in 1 contract

Sources: Credit Agreement (Interpool Inc)

Foreign Assets Control Regulations. The Neither of the advance of the Loans nor the use of the proceeds from the sale of the Shares any thereof will not violate the Trading with With the Enemy Act (50 U.S.C. Section § 1 et seq., as amended) (the "Trading with With the Enemy Act") or any of the foreign asset assets control regulations of the United States Treasury Department (31CFR31 CFR, Subtitle B, Chapter V, as amended) (the "Foreign Assets Control Regulations") or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079(200149079 (2001)) (the "Executive Order") and (b) the Uniting and Strengthening America by providing Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). Furthermore, neither none of the Company nor any of its Subsidiaries Borrowers or other affiliates their Affiliates (a) is or will become a "blocked person" as described in the Executive Order, the Trading with With the Enemy Act or the Foreign Assets Control Regulations, Regulations or (b) engages or will engage in any dealings or transactions, or be otherwise associated, with any such "blocked person" or in any manner violative of any such order.

Appears in 1 contract

Sources: Credit Agreement (Hamilton Beach Brands Holding Co)

Foreign Assets Control Regulations. The use the of proceeds from the sale of the Shares Securities will not violate the Trading with the Enemy Act (50 U.S.C. Section 1 et seq., as amended) (the “Trading with the Enemy Company Act”) or any of the foreign asset control regulations of the United States Treasury Department (31CFR, Subtitle B, Chapter V, as amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079(2001)) (the “Executive Order”) and (b) the Uniting and Strengthening America by providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). Furthermore, neither the Company nor any of its Subsidiaries or other affiliates (a) is or will become a “blocked person” as described in the Executive Order, the Trading with the Enemy Act or the Foreign Assets Control Regulations, or (b) engages or will engage in any dealings or transactions, or otherwise associated, with any such “blocked person”.

Appears in 1 contract

Sources: Securities Purchase Agreement (Maui Land & Pineapple Co Inc)

Foreign Assets Control Regulations. The Neither of the advance of the Loans nor the use of the proceeds from the sale of the Shares any thereof will not violate the Trading with With the Enemy Act (50 U.S.C. Section § 1 et seq., as amended) (the "Trading with With the Enemy Act") or any of the foreign asset assets control regulations of the United States Treasury Department (31CFR31 CFR, Subtitle B, Chapter V, as amended) (the "Foreign Assets Control Regulations") or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079(200149079 (2001)) (the "Executive Order") and (b) the Uniting and Strengthening America by providing Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). Furthermore, neither none of the Company nor any of its Subsidiaries Borrowers or other affiliates their Affiliates (a) is or will ​ ​ become a "blocked person" as described in the Executive Order, the Trading with With the Enemy Act or the Foreign Assets Control Regulations, Regulations or (b) engages or will engage in any dealings or transactions, or be otherwise associated, with any such "blocked person" or in any manner violative of any such order.

Appears in 1 contract

Sources: Credit Agreement (Lumber Liquidators Holdings, Inc.)