Common use of Anti-Terrorism Laws and Sanctions /International Trade Law Compliance Clause in Contracts

Anti-Terrorism Laws and Sanctions /International Trade Law Compliance. Each Lender hereby individually represents, as to itself, that (i) as of the date of this Agreement (or the date of the Assignment and Assumption Agreement, as applicable), each Payment Date, and at all times until this Agreement has been terminated and all amounts hereunder have been paid in full, that (A) no Lender Covered Entity (1) is a Sanctioned Person, (2) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions, (3) does business in or with, or derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions or (4) engages in any dealings or transactions prohibited by any Anti-Terrorism Laws and Sanctions or AntiCorruption Laws and (B) to the knowledge of such Lender, each Lender Covered Entity is in compliance with, and no Lender Covered Entity directly or indirectly engages in any dealings or transactions prohibited by, any Anti-Terrorism Laws and Sanctions or Anti-Corruption Laws and (ii) (A) the proceeds of this Agreement will not be used, directly or knowingly indirectly, by Lender, or to Lender’s knowledge by any other Person, to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions and (B) the funds used to pay the Administrative Agent and Collateral Custodian, to the extent received from such Lender, are not directly or, knowingly, indirectly derived from any unlawful activity. Each Lender covenants and agrees that it shall promptly notify the Calculation Agent in writing upon the occurrence of a Reportable Compliance Event with respect to any Lender Covered Entity. NAI-15121569431515895953v1213 -67-

Appears in 1 contract

Samples: Loan and Servicing Agreement (TCG BDC II, Inc.)

AutoNDA by SimpleDocs

Anti-Terrorism Laws and Sanctions /International Trade Law Compliance. Each Lender hereby individually represents, as to itself, that (i) as of the date of this Agreement (or the date of the Assignment and Assumption Agreement, as applicable), each Payment Date, and at all times until this Agreement has been terminated and all amounts hereunder have been paid in full, that (A) no Lender Covered Entity (1) is a Sanctioned Person, (2) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions, (3) does business in or with, or derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions or (4) engages in any dealings or transactions prohibited by any Anti-Terrorism Laws and Sanctions or AntiCorruption Anti Corruption Laws and (B) to the knowledge of such Lender, each Lender Covered Entity is in compliance with, and no Lender Covered Entity directly or indirectly engages in any dealings or transactions prohibited by, any Anti-Terrorism Laws and Sanctions or Anti-Corruption Laws and (ii) (A) the proceeds of this Agreement will not be used, directly or knowingly indirectly, by Lender, or to -66- Lender’s knowledge by any other Person, to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions and (B) the funds used to pay the Administrative Agent and Collateral Custodian, to the extent received from such Lender, are not directly or, knowingly, indirectly derived from any unlawful activity. Each Lender covenants and agrees that it shall promptly notify the Calculation Agent in writing upon the occurrence of a Reportable Compliance Event with respect to any Lender Covered Entity. NAI-15121569431515895953v1213 -67-.

Appears in 1 contract

Samples: Loan and Servicing Agreement (TCG BDC II, Inc.)

Anti-Terrorism Laws and Sanctions /International Trade Law Compliance. Each Lender hereby individually represents, as to itself, that (i) as of the date of this Agreement (or the date of the Assignment and Assumption Agreement, as applicable), each Payment Date, and at all times until this Agreement has been terminated and all amounts hereunder have been paid in full, that (A) no neither Xxxxxx nor, to the knowledge, after due inquiry and reasonable investigation, of a Responsible Officer of the Lender, any other Lender Covered Entity (1) is a Sanctioned Person, (2) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions, (3) does business in or with, or derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions or (4) engages in any dealings or transactions prohibited by any Anti-Terrorism Laws and Sanctions or AntiCorruption Anti-Corruption Laws and (B) to the knowledge knowledge, after due inquiry and reasonable investigation, of such Lender, each Lender Covered Entity is in compliance with, and no Lender Covered Entity directly or indirectly engages in any dealings or transactions prohibited by, any Anti-Terrorism Laws and Sanctions or Anti-Corruption Laws and (ii) (A) the proceeds of this Agreement will not be used, directly or knowingly indirectly, by LenderXxxxxx, or to Lender’s knowledge by any other Person, to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions and (B) the funds used to pay the Administrative Agent and Collateral CustodianAgent, to the extent received from such Lender, are not directly or, knowingly, indirectly derived from any unlawful activity. Each Lender covenants and agrees that it shall promptly notify the Calculation Agent Facility Servicer in writing upon the occurrence of a Reportable Compliance Event with respect to the Lender or, to the knowledge, after due inquiry and reasonable investigation, of a Responsible Officer of the Lender, any other Lender Covered Entity. NAI-15121569431515895953v1213 -67-, except to the extent such notice is prohibited by Applicable Law.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Stepstone Private Credit Fund LLC)

AutoNDA by SimpleDocs

Anti-Terrorism Laws and Sanctions /International Trade Law Compliance. Each Lender hereby individually represents, as to itself, that (i) as of the date of this Agreement (or the date of the Assignment and Assumption Agreement, as applicable), each Payment Date, and at all times until this Agreement has been terminated and all amounts hereunder have been paid in full, that (A) no Lender Covered Entity (1) is a Sanctioned Person, (2) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions, (3) does business in or with, or derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions or (4) engages in any dealings or transactions prohibited by any Anti-Terrorism Laws and Sanctions or AntiCorruption Anti-Corruption Laws and (B) to the knowledge of such Lender, each Lender Covered Entity is in compliance with, and no Lender Covered Entity directly or indirectly engages in any dealings or transactions prohibited by, any Anti-Terrorism Laws and Sanctions or Anti-Corruption Laws and (ii) (A) the proceeds of this Agreement will not be used, directly or knowingly indirectly, by Lender, or to Lender’s knowledge by any other Person, to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Laws and Sanctions and (B) the funds used to pay the Administrative Agent and Collateral Custodian, to the extent received from such Lender, are not directly or, knowingly, indirectly derived from any unlawful activity. Each Lender covenants and agrees that it shall promptly notify the Calculation Agent in writing upon the occurrence of a Reportable Compliance Event with respect to any Lender Covered Entity. NAI-15121569431515895953v1213 -67-.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Carlyle Credit Solutions, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.