Common use of Anti-Money Laundering Laws and Anti-Corruption Laws Clause in Contracts

Anti-Money Laundering Laws and Anti-Corruption Laws. Each of the Collateral Manager and the Equityholder shall, and shall ensure that each Person directly or indirectly owning or controlling the Collateral Manager or the Equityholder and each Person directly or indirectly owned or controlled by the Collateral Manager or the Equityholder and, to the Collateral Manager’s or the Equityholder’s knowledge, any director, officer or employee of the foregoing will: (i) comply with all applicable Anti-Money Laundering Laws and Anti-Corruption Laws in all material respects, and maintain policies and procedures reasonably designed to promote compliance with Anti-Money Laundering Laws and Anti-Corruption Laws; (ii) conduct due diligence in connection with the transactions contemplated herein required to comply with such Anti-Money Laundering Laws; (iii) ensure that the Borrower does not, directly or knowingly indirectly, use the proceeds of any Advance hereunder to fund, finance, or facilitate any activities, business or transactions that are in violation of any Anti-Corruption Laws or Anti-Money Laundering Laws; and (iv) ensure that the Borrower does not fund any repayment of the Obligations with proceeds that are directly or knowingly indirectly derived from any transaction or activity that is prohibited by any Anti-Corruption Laws or Anti-Money Laundering Laws.

Appears in 5 contracts

Samples: Credit and Security Agreement (Blue Owl Technology Income Corp.), Credit and Security Agreement (Blue Owl Credit Income Corp.), Credit and Security Agreement (Blue Owl Technology Income Corp.)

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