Sensitive Payments. No Loan Party or Subsidiary (a) has made or will at any time make any contributions, payments or gifts to or for the private use of any governmental official, employee or agent where either the payment or the purpose of such contribution, payment or gift is illegal under the Applicable Laws of the United States or the jurisdiction in which made or any other applicable jurisdiction, (b) has established or maintained or will at any time establish or maintain any unrecorded fund or asset for any purpose or made any false or artificial entries on its books, (c) has made or will at any time make any payments to any Person with the intention that any part of such payment was to be used for any purpose other than that described in the documents supporting the payment or (d) has engaged in or will at any time engage in any “trading with the enemy” or other transactions violating any rules or regulations of the Office of Foreign Assets Control or any similar Applicable Laws, rules or regulations.
Appears in 1 contract
Sources: Loan and Security Agreement (Rubicon Technologies, Inc.)
Sensitive Payments. No Loan Party or Subsidiary Borrower (a) has not made or and will not at any time make any contributions, payments or gifts to or for the private use of any governmental official, employee or agent where either the payment or the purpose of such contribution, payment or gift is illegal under the Applicable Laws applicable laws of the United States or the jurisdiction in which made or any other applicable jurisdiction, (b) has not established or nor maintained or nor will it at any time establish or maintain any unrecorded fund or asset for any purpose or made any false or artificial entries on its books, (c) has not made or will at any time make any payments to any Person with the intention that any part of such payment was to be used for any purpose other than that described in the documents supporting the payment payment, or (d) has not engaged in or will at any time engage in any “trading with the enemy” or other transactions violating any rules or regulations of the Office of Foreign Assets Control or any similar Applicable Lawsapplicable laws, rules or regulations.
Appears in 1 contract
Sensitive Payments. No NoNeither Parent nor any Loan Party or Subsidiary (a) has made or will at any time make any contributions, payments or gifts to or for the private use of any governmental official, employee or agent where either the payment or the purpose of such contribution, payment or gift is illegal under the Applicable Laws applicable laws of the United States or the jurisdiction in which made or any other applicable jurisdiction, (b) has established or maintained or will at any time establish or maintain any unrecorded fund or asset for any purpose or made any false or artificial entries on its books, (c) has made or will at any time make any payments to any Person with the intention that any part of such payment was to be used for any purpose other than that described in the documents supporting the payment or (d) has engaged in or will at any time engage in any “trading with the enemy” or other transactions materially violating any rules or regulations of the Office of Foreign Assets Control or any similar Applicable Lawsapplicable laws, rules or regulations.
Appears in 1 contract
Sources: Loan and Security Agreement (Trans World Entertainment Corp)
Sensitive Payments. No Loan Party or Subsidiary (a) has made or will at any time make any contributions, payments or gifts to or for the private use of any governmental official, employee or agent 314050368.12 where either the payment or the purpose of such contribution, payment or gift is illegal under the Applicable Laws applicable laws of the United States or the jurisdiction in which made or any other applicable jurisdiction, (b) has established or maintained or will at any time establish or maintain any unrecorded fund or asset for any purpose or made any false or artificial entries on its books, (c) has made or will at any time make any payments to any Person with the intention that any part of such payment was to be used for any purpose other than that described in the documents supporting the payment or (d) has engaged in or will at any time engage in any “"trading with the enemy” " or other transactions violating any rules or regulations of the Office of Foreign Assets Control or any similar Applicable Lawsapplicable laws, rules or regulations.
Appears in 1 contract