Common use of Borrower Compliance with Anti-Money Laundering Laws Clause in Contracts

Borrower Compliance with Anti-Money Laundering Laws. Each Borrower has taken, and agrees that it shall continue to take, reasonable measures appropriate to the circumstances (in any event as required by applicable law), to ensure that such Borrower is and shall be in compliance with all current and future Anti-Money Laundering Laws and applicable laws, regulations and governmental guidance for the prevention of terrorism, terrorist financing and drug trafficking.

Appears in 3 contracts

Samples: Loan Agreement (Omega Healthcare Investors Inc), Loan Agreement (Assisted Living Concepts Inc), Loan Agreement (Omega Healthcare Investors Inc)

AutoNDA by SimpleDocs

Borrower Compliance with Anti-Money Laundering Laws. Each Borrower has taken, and agrees that it shall continue to take, reasonable measures appropriate to the circumstances (in any event as required by applicable lawLaw), to ensure that such each shareholder of Borrower is and shall be in compliance with all current and future Anti-Money Laundering Laws and applicable laws, regulations and governmental government guidance, to the extent such laws, regulations and guidance apply to such shareholder, for the prevention of terrorism, terrorist financing and drug trafficking.

Appears in 2 contracts

Samples: Credit Agreement (Cancer Genetics, Inc), Credit Agreement

Borrower Compliance with Anti-Money Laundering Laws. Each Borrower has taken, and agrees that it shall continue to take, reasonable measures appropriate to the circumstances (in any event as required by applicable law), to ensure that such Borrower is and shall be in compliance with all current and future Anti-Money Laundering Laws and applicable laws, regulations and governmental government guidance, to the extent such laws, regulations and guidance apply to Borrower, for the prevention of terrorism, terrorist financing and drug trafficking.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Asset Capital Corporation, Inc.)

Borrower Compliance with Anti-Money Laundering Laws. Each Borrower represents, warrants and covenants to Lender that it has taken, and agrees that it shall continue to take, reasonable measures appropriate to the circumstances (in any event as required by applicable law), to ensure that such Borrower is and all Borrower Subsidiaries are and shall be in compliance with all current and future Anti-Money Money. Laundering Laws and applicable laws, regulations and governmental government guidance for the prevention of terrorism, terrorist financing and drug trafficking.

Appears in 1 contract

Samples: Loan Agreement and Other Loan Documents (Wellsford Real Properties Inc)

AutoNDA by SimpleDocs

Borrower Compliance with Anti-Money Laundering Laws. Each Borrower has taken, and agrees that it shall continue to take, reasonable measures appropriate to the circumstances (in any event as required by applicable lawLaw), to ensure that such each shareholder of Borrower is and shall be in compliance with all current and future Anti-Money Anti‑Money Laundering Laws and applicable laws, regulations and governmental government guidance, to the extent such laws, regulations and guidance apply to such shareholder, for the prevention of terrorism, terrorist financing and drug trafficking.

Appears in 1 contract

Samples: Credit Agreement (BioPharmX Corp)

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