No Obligor Sample Clauses
No Obligor shall be liable to make a payment to a Lender under Clause 10.1 if on the date on which the payment falls due the relevant Obligor is able to show that the payment could have been made to such Lender without any deduction or withholding had such Lender complied with its obligations under clause 10.7.
No Obligor. (a) has a place of business in the United States with the exception of Aracruz Celulose (USA) Inc., (b) has used any trade names, assumed names or prior corporate names within the last five (5) years, (c) has changed its corporate structure or jurisdiction of organization within the last five (5) years, and (d) has any “notice of an adverse claim” (within the meaning of Section 8-105 of the UCC) with respect to the Collateral (as defined in the U.S. Security Agreement). Neither the Applicable Laws of Brazil nor the Applicable Laws of Hungary require that information concerning the existence of a non-documented (i.e., not documented by means of a title or instrument) and non-possessory security interest in the Collateral (as defined in the U.S. Security Agreement) be made generally available in a filing, recording or registration system as a condition or result of the security interest’s obtaining priority over the rights of a lien creditor with respect to the Collateral covered thereby.
No Obligor. (i) has, or has had, any employees; and
(ii) has any obligation in respect of any retirement benefit or occupational pension scheme.
No Obligor is a party to any Oil and Gas Agreement except the agreements listed on the schedule attached hereto.
No Obligor. (i) is incorporated or established in (1) a jurisdiction classified by any Lead Organisation as being weakly regulated and/or weakly supervised and/or non- transparent and/or uncooperative or any equivalent classification used by any Lead Organisation, in connection with activities such as money laundering, financing of terrorism, tax fraud and tax evasion or harmful tax practices, and/or
No Obligor. (i) is a Prohibited Person;
(ii) is owned or controlled by or acting directly or indirectly on behalf of or for the benefit of, a Prohibited Person; and
(iii) no Obligor owns or controls a Prohibited Person.