Blocked Person or Transactions Clause Samples
The 'Blocked Person or Transactions' clause prohibits parties from engaging in transactions with individuals, entities, or countries that are subject to government sanctions or restrictions. In practice, this means that before entering into or continuing a business relationship, parties must ensure that none of the involved parties are listed on government-maintained sanctions lists, such as those maintained by the U.S. Treasury's Office of Foreign Assets Control (OFAC). This clause serves to ensure compliance with applicable laws and regulations, protecting the parties from legal penalties and reputational harm associated with prohibited dealings.
Blocked Person or Transactions. Neither any Credit Party nor to any Credit Party’s knowledge any of its Subsidiaries, Affiliates or agents acting in any capacity in connection with the Notes or other transactions hereunder (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to Executive Order No. 13224.
Blocked Person or Transactions. Neither Borrowers nor to any Borrower’s knowledge any of its agents acting in any capacity in connection with the Advances or other transactions hereunder (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to Executive Order No. 13224.
Blocked Person or Transactions. Neither any Credit Party nor to any Credit Party’s knowledge any of its Subsidiaries, Affiliates or agents acting in any capacity in connection with the Notes or other transactions hereunder (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to Executive Order No. 13224. 5.37 Trading with the Enemy. Neither any Credit Party nor any of its Subsidiaries has engaged, nor does any Credit Party or any of its Subsidiaries intend to engage, in any business or activity prohibited by the Trading with the Enemy Act. 5.38
Blocked Person or Transactions. No Borrower, or any Guarantor (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to Executive Order No. 13224.