Common use of LISTED BELOW Clause in Contracts

LISTED BELOW. Each Eligible Borrower shall: not take any actions to prevent Workers (as defined below) from lawfully exercising their right of association and their right to organize and bargain collectively, and not take any action on the basis of such rights or activities, including, but not limited to any form of retaliation, such as termination, suspension, demotion, blacklisting or transfer of any Worker by the employer, or by an officer, agent or representative thereof; observe applicable laws relating to a minimum age for employment of children, conditions of work, minimum wages, hours of work, and occupational health and safety; not use forced or compulsory labor (including but not limited to any form of slavery, debt bondage, and serfdom); not employ persons, formally or informally, under the age of fifteen (15) for general work and under the age of eighteen (18) for work involving hazardous activity likely to harm the health, safety, or morals of those persons; pay all wages, including all bonus pay and premium pay for overtime work, in full, in legal tender, and in a timely fashion, to Workers except when Workers have agreed otherwise; not require Workers to work more than 48 standard hours of work per week (not including overtime work) and ensure that Workers shall be guarantied a weekly 24-hour rest period; not use funds hedged by the Eligible Hedge Transaction to make a loan (directly or indirectly) to any borrower that violates (i), (ii), (iii) or (iv) above; comply with any other applicable law or collective bargaining agreement that imposes a requirement that is more protective of worker rights than any of the foregoing requirements; and require contractors and their subcontractors employed by the Eligible Borrower to comply with the foregoing requirements. Notwithstanding the foregoing, the Eligible Borrower shall not be responsible for any non-compliance with the above Worker Rights requirements resulting from the actions of a government.

Appears in 2 contracts

Sources: Isda Master Agreement, 2002 Master Agreement