Common use of Compliance with Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions Clause in Contracts

Compliance with Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions. (a) The Borrower shall at all times comply in all material respects with the requirements of all Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions applicable to Borrower and shall cause each other Loan Party and each of its and their respective Subsidiaries to comply in all material respects with the requirements of all Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions applicable to such Persons. (b) The Borrower shall provide the Administrative Agent and the Lenders any information regarding the Borrower, each other Loan Party, and each of their respective owners, Affiliates, and Subsidiaries necessary for the Administrative Agent and each Lender to comply with all applicable Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions, subject however, in the case of Affiliates, to the Borrower’s ability to provide information applicable to them. (c) The Borrower will maintain in effect and enforce policies and procedures reasonably designed to promote and achieve compliance by the Loan Parties, their Subsidiaries, and the Loan Parties’ and their Subsidiaries’ respective directors, officers, employees and agents with applicable Anti-Corruption Laws, Anti Money-Laundering Laws and Sanctions.

Appears in 3 contracts

Samples: Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT)

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Compliance with Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions. (a) The Borrower shall at all times comply in all material respects with the requirements of all Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions applicable to the Borrower and shall cause each other Loan Party and each of its and their respective Subsidiaries Subsidiaries, if any, to comply in all material respects with the requirements of all Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions applicable to such Persons. (b) The Borrower (i) shall provide the Administrative Agent and the Lenders Lender any information regarding the Borrower, each other Loan Party, Borrower and each of their respective its owners, Affiliates, and Subsidiaries Subsidiaries, if any, necessary for the Administrative Agent and each Lender to comply with all applicable Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions, ; subject however, in the case of Affiliates, to the Borrower’s ability to provide information applicable to themthem and (ii) is excluded from inclusion as a “legal entity customer” for purposes of the beneficial ownership rule under the Beneficial Ownership Regulations. (c) The Borrower will maintain in effect and enforce policies and procedures reasonably designed to promote and achieve ensure compliance by the Loan Parties, their Borrower and its Subsidiaries, and the Loan Parties’ if any, and their Subsidiaries’ respective directors, officers, employees and agents agents, with applicable Anti-Corruption Laws, Anti Money-Laundering Laws and Sanctions.

Appears in 1 contract

Samples: Credit Agreement (Alpha Core Strategies Fund)

Compliance with Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions. (a) The Borrower shall at all times comply in all material respects with the requirements of all Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions applicable to the Borrower and shall cause each other Loan Party and each of its and their respective Subsidiaries to comply in all material respects with the requirements of all Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions applicable to such Persons. (b) The Borrower shall provide the Administrative Agent and the Lenders any information regarding the Borrower, each other Loan Party, and each of their respective owners, Affiliates, and Subsidiaries necessary for the Administrative Agent and each Lender to comply with all applicable Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions, subject however, in the case of Affiliates, to the Borrower’s ability to provide information applicable to them. (c) The Borrower Loan Parties will maintain in effect and enforce policies and procedures reasonably designed to promote and achieve ensure compliance by the Loan Parties, their Subsidiaries, and the Loan Parties’ and their Subsidiaries’ respective directors, officers, employees and agents with applicable Anti-Corruption Laws, Anti Money-Laundering Laws and Sanctions.

Appears in 1 contract

Samples: Credit Agreement (Monmouth Real Estate Investment Corp)

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Compliance with Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions. (a) The Borrower shall at all times comply in all material respects with the requirements of all Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions applicable to Borrower and shall cause each other Loan Party and each of its and their respective Pledged Subsidiaries to comply in all material respects with the requirements of all Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions applicable to such Persons, in each case, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect. (b) The Borrower shall provide any information reasonably requested by the Administrative Agent and the Lenders any information regarding the Borrower, each other Loan Party, and each of their respective owners, Affiliates, and Subsidiaries necessary for the Administrative Agent and each Lender to comply with all applicable Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions, subject however, in the case of owners and Affiliates, to the Borrower’s ability to provide information applicable to them. (c) The Borrower will maintain in effect and enforce policies and procedures reasonably designed to promote and achieve ensure compliance in all material respects by the Loan Parties, their Subsidiaries, Pledged Subsidiaries and the Loan Parties’ and their the Pledged Subsidiaries’ respective directors, officers, employees and agents with applicable Anti-Corruption Laws, Anti Money-Laundering Laws and Sanctions.

Appears in 1 contract

Samples: Credit Agreement (Cowen Inc.)

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