GB » Topics » Litigation; Compliance with Laws; OFAC Requirements

These excerpts taken from the GB 10-K filed Mar 3, 2009.
Litigation; Compliance with Laws; OFAC Requirements.  Section 5.7 (Litigation; Compliance with Laws; OFAC Requirements) of the Existing Credit Agreement is amended by adding the following sentence at the end of clause (b) of such Section 5.7 (Litigation; Compliance with Laws; OFAC Requirements):
 
“Without limiting the generality of the foregoing, none of Parent, the Borrower or any Subsidiary thereof, has, directly or indirectly, made any payments to foreign government officials in violation of the Foreign Corrupt Practices Act of 1977 as amended (15 U.S.C. §§ 78dd-1, et seq.) (“FCPA”).  The Borrower is reviewing and revising its compliance program and shall deliver to the Administrative Agent as soon as practicable but in any event prior to December 31, 2008, a copy of its revised written compliance program, which, among other things, shall provide for corporate governance guidelines to ensure compliance with the FCPA and other laws relating to foreign investment.”
 
Litigation;
Compliance with Laws; OFAC Requirements
.  Section 5.7
(Litigation; Compliance with Laws; OFAC Requirements) of the Existing Credit
Agreement is amended by adding the following sentence at the end of clause (b)
of such Section 5.7 (Litigation; Compliance with Laws; OFAC
Requirements):

 

“Without
limiting the generality of the foregoing, none of Parent, the Borrower or any
Subsidiary thereof, has, directly or indirectly, made any payments to foreign
government officials in violation of the Foreign Corrupt Practices Act of 1977
as amended (15 U.S.C. §§ 78dd-1, et seq.) (“FCPA”).  The Borrower is
reviewing and revising its compliance program and shall deliver to the
Administrative Agent as soon as practicable but in any event prior to December
31, 2008, a copy of its revised written compliance program, which, among other
things, shall provide for corporate governance guidelines to ensure compliance
with the FCPA and other laws relating to foreign investment.”

 

Litigation;
Compliance with Laws; OFAC Requirements
.  Section 5.7
(Litigation; Compliance with Laws; OFAC Requirements) of the Existing Credit
Agreement is amended by adding the following sentence at the end of clause (b)
of such Section 5.7 (Litigation; Compliance with Laws; OFAC
Requirements):

 

“Without
limiting the generality of the foregoing, none of Parent, the Borrower or any
Subsidiary thereof, has, directly or indirectly, made any payments to foreign
government officials in violation of the Foreign Corrupt Practices Act of 1977
as amended (15 U.S.C. §§ 78dd-1, et seq.) (“FCPA”).  The Borrower is
reviewing and revising its compliance program and shall deliver to the
Administrative Agent as soon as practicable but in any event prior to December
31, 2008, a copy of its revised written compliance program, which, among other
things, shall provide for corporate governance guidelines to ensure compliance
with the FCPA and other laws relating to foreign investment.”

 

Litigation;
Compliance with Laws; OFAC Requirements
.  Section 5.7
(Litigation; Compliance with Laws; OFAC Requirements) of the Existing Credit
Agreement is amended by adding the following sentence at the end of clause (b)
of such Section 5.7 (Litigation; Compliance with Laws; OFAC
Requirements):

 

“Without
limiting the generality of the foregoing, none of Parent, the Borrower or any
Subsidiary thereof, has, directly or indirectly, made any payments to foreign
government officials in violation of the Foreign Corrupt Practices Act of 1977
as amended (15 U.S.C. §§ 78dd-1, et seq.) (“FCPA”).  The Borrower is
reviewing and revising its compliance program and shall deliver to the
Administrative Agent as soon as practicable but in any event prior to December
31, 2008, a copy of its revised written compliance program, which, among other
things, shall provide for corporate governance guidelines to ensure compliance
with the FCPA and other laws relating to foreign investment.”

 

EXCERPTS ON THIS PAGE:

10-K (4 sections)
Mar 3, 2009
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