No Fraudulent Use Sample Clauses

The No Fraudulent Use clause prohibits any party from engaging in deceptive, dishonest, or fraudulent activities in connection with the agreement. This typically means that parties must not use false information, misrepresent facts, or manipulate processes to gain an unfair advantage or cause harm. By establishing clear boundaries against fraudulent behavior, the clause helps maintain trust between parties and protects the integrity of the contractual relationship.
No Fraudulent Use. As of the Closing Date, no Receivable has been identified by the Issuer or reported to the Issuer by the related Originating Institution as having resulted from fraud perpetrated by any Person with respect to the related account.
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No Fraudulent Use. As of such Funding Date, no such Receivable has been identified by the Issuer or reported to the Issuer by the related Originating Institution as having resulted from fraud perpetrated by any Person with respect to the related account.
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No Fraudulent Use. SCLP shall not perform, permit, or allow any abuse or fraudulent or unlawful use of the ORBCOMM System or use the Intrex Services for any fraudulent, unlawful or abusive purpose. SCLP shall take all commercially reasonable steps necessary to control and prevent abuse or fraudulent or unlawful use by it of the ORBCOMM System or the Intrex Services. Abuse and/or unlawful or fraudulent use of the ORBCOMM System or Intrex Services includes, but is not limited to: (i) Attempting or assisting another person, company, or entity (A) to access, alter or interfere with the communications and/or information of a ORBCOMM System end user by rearranging, tampering or making an unauthorized connection with any facilities of the ORBCOMM System or (B) to use any scheme, false representation or false credit device, with the intent to avoid payment for, in whole or in part, the Intrex Services; (ii) Using the ORBCOMM System (A) in such a manner so as to interfere unreasonably with the use of the ORBCOMM System by other parties or (B) to convey information that is, in Intrex’s sole judgment, obscene, salacious or prurient, or to convey information of an unlawful nature or in an unlawful manner.
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Related to No Fraudulent Use

  • No Fraudulent Intent Neither the execution and delivery of this Agreement or any of the other Loan Documents nor the performance of any actions required hereunder or thereunder is being undertaken by the Borrower, any Guarantor or any of their respective Subsidiaries with or as a result of any actual intent by any of such Persons to hinder, delay or defraud any entity to which any of such Persons is now or will hereafter become indebted.

  • No Fraudulent Transfer Borrower (i) has not entered into the transaction or any Loan Document with the actual intent to hinder, delay, or defraud any creditor, and (ii) received reasonably equivalent value in exchange for its Obligations under the Loan Documents. Giving effect to the Loan, the fair saleable value of Borrower’s assets exceeds and will, immediately following the making of the Loan, exceed Borrower’s total liabilities, including subordinated, unliquidated, disputed and contingent liabilities. The fair saleable value of Borrower’s assets is, and immediately following the making of the Loan, will be, greater than Borrower’s probable liabilities, including the maximum amount of its contingent liabilities on its debts as such debts become absolute and matured. Borrower’s assets do not and, immediately following the making of the Loan will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur Indebtedness and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such Indebtedness and liabilities as they mature (taking into account the timing and amounts of cash to be received by Borrower and the amounts to be payable on or in respect of the obligations of Borrower). No petition in bankruptcy has been filed against Borrower or any constituent Person of Borrower, and neither Borrower nor any constituent Person of Borrower has ever made an assignment for the benefit of creditors or taken advantage of any insolvency act for the benefit of debtors. Neither Borrower nor any of its constituent Persons are contemplating either the filing of a petition by it under any state or federal bankruptcy or insolvency laws or the liquidation of all or a major portion of Borrower’s assets or properties, and Borrower has no knowledge of any Person contemplating the filing of any such petition against it or such constituent Persons.

  • No Fraudulent Conveyance No sale or contribution hereunder constitutes a fraudulent transfer or conveyance under any United States federal or applicable state bankruptcy or insolvency laws or is otherwise void or voidable under such or similar laws or principles or for any other reason.

  • Fraudulent Claims If any claim under this Agreement is in any respect fraudulent, all benefits payable and/or paid in relation to that claim shall be forfeited and if deemed appropriate, recoverable, respectively.

  • fraudulent misrepresentation No party guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any party who was not guilty of such fraudulent misrepresentation.