Common use of Implementation of Policies and Procedures Clause in Contracts

Implementation of Policies and Procedures. The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable Sanctions.

Appears in 2 contracts

Sources: Term Loan Credit Agreement (Rex Energy Corp), Term Loan Credit Agreement (Rex Energy Corp)

Implementation of Policies and Procedures. The Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure promote compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable Sanctions.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Northern Oil & Gas, Inc.)