Common use of Compliance with Anti-Terrorism Orders Clause in Contracts

Compliance with Anti-Terrorism Orders. (a) Borrower will not permit the transfer of any interest in Borrower to any person or entity who is listed on the Lists or whose beneficial owners are listed on the specially Designated Nationals and Blocked Persons List (the “List”) maintained by the Office of Foreign Asset Control, Department of the Treasury (“OFAC”) pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (September 25, 2001) (the “Order”) and/or any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive Orders (such lists are collectively referred to as the “Lists”). (b) Borrower will not knowingly enter into a Lease with any party who is either (i) listed on the Lists or (ii) engaged in illegal activities. (c) Borrower shall immediately notify Noteholder if it becomes known to Borrower that any member or beneficial owner of Borrower is listed on the Lists or (i) is indicted of, or (ii) arraigned and held over on, charges involving money laundering or predicate crimes to money laundering. (d) Borrower shall immediately notify Noteholder if it becomes known to Borrower that any tenant at the Property is listed on the Lists or (i) is convicted on, (ii) pleads nolo contendere to, (iii) is indicted on or (iv) is arraigned and held over on charges involving money laundering or predicate crimes to money laundering.

Appears in 2 contracts

Samples: Consent to Transaction (Spirit Realty Capital, Inc.), Consent to Transaction (Spirit Realty Capital, Inc.)

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Compliance with Anti-Terrorism Orders. (ai) Borrower Buyer will not permit the transfer of any interest in Borrower Buyer to any person or entity who is listed on the Lists or whose beneficial owners are listed on the specially Designated Nationals and Blocked Persons List (the “List”) maintained by the Office of Foreign Asset Control, Department of the Treasury (“OFAC”) pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (September 25, 2001) (the “Order”) and/or any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive Orders (such lists are collectively referred to as the “Lists”). (bii) Borrower Buyer will not knowingly enter into a Lease with any party who is either (iA) listed on the Lists or (iiB) engaged in illegal activities. (ciii) Borrower Buyer shall immediately notify Noteholder Lender if it becomes known to Borrower Buyer that any member or beneficial owner of Borrower Buyer is listed on the Lists or (iA) is indicted ofon, or (iiB) arraigned and held over on, on charges involving money laundering or predicate crimes to money laundering; provided, however, that Buyer shall not have such obligation as to any shareholders of any public companies having indirect ownership interests in Buyer. (div) Borrower Buyer shall immediately notify Noteholder Lender if it becomes known to Borrower Buyer that any tenant at the Property is listed on the Lists or (iA) is convicted on, (iiB) pleads nolo contendere to, (iiiC) is indicted on or (ivD) is arraigned and held over on charges involving money laundering or predicate crimes to money laundering.

Appears in 1 contract

Samples: Consent, Assumption, and Modification Agreement (Behringer Harvard Opportunity REIT II, Inc.)

Compliance with Anti-Terrorism Orders. (a) Borrower will not permit the transfer of any interest in Borrower to any person or entity who is listed on the Lists or whose beneficial owners are listed on the specially Designated Nationals and Blocked Persons List (the "List") maintained by the Office of Foreign Asset Control, Department of the Treasury ("OFAC") pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (September 25, 2001) (the "Order") and/or any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive Orders (such lists are collectively referred to as the "Lists"). (ba) Borrower will not knowingly enter into a Lease with any party who is either (i) listed on the Lists or (ii) engaged in illegal activities. (cb) Borrower shall immediately notify Noteholder Lender if it becomes known to Borrower that any member or beneficial owner of Borrower is listed on the Lists or (i) is indicted of, or (ii) arraigned and held over on, on charges involving money laundering or predicate crimes to money laundering. (dc) Borrower shall immediately notify Noteholder Lender if it becomes known to Borrower that any tenant at the Property is listed on the Lists or (i) is convicted on, (ii) pleads nolo contendere to, (iii) is indicted on on, or (iv) is arraigned and held over on charges involving money laundering or predicate crimes to money laundering.. [SIGNATURES BEGIN ON NEXT PAGE]

Appears in 1 contract

Samples: Loan Assumption Agreement (Ensign Group, Inc)

Compliance with Anti-Terrorism Orders. (a) No Borrower will not permit the transfer of any interest in such Borrower to any person or entity who is listed on the Lists or whose beneficial owners are listed on the specially Designated Nationals and Blocked Persons List (the “List”) maintained by the Office of Foreign Asset Control, Department of the Treasury (“OFAC”) pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (September Sept. 25, 2001) (the “Order”) and/or any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of OFAC the Office of Foreign Asset Control, Department of the Treasury or pursuant to any other applicable Executive Orders (such lists are collectively referred to as the “Lists”"OFAC LISTS"). (b) . No Borrower will not knowingly enter into a Commercial Lease with any party who is either (i) listed on the Lists or (ii) engaged in illegal activities. (c) Borrower OFAC Lists. Borrowers shall immediately notify Noteholder Lender if it becomes known to any Borrower has knowledge that Principal or any member or beneficial owner of any Borrower or Principal is listed on the OFAC Lists or (iA) is indicted of, on or (iiB) arraigned and held over on, on charges involving money laundering or predicate crimes to money laundering. (d) Borrower . Borrowers shall immediately notify Noteholder Lender if it becomes known to any Borrower knows that any tenant at the Property Tenant is listed on the OFAC Lists or (iA) is convicted on, (iiB) pleads nolo contendere to, (iiiC) is indicted on or (ivD) is arraigned and held over on charges involving money laundering or predicate crimes to money laundering.

Appears in 1 contract

Samples: Hotel Loan Agreement (Ashford Hospitality Trust Inc)

Compliance with Anti-Terrorism Orders. (a) Borrower will not knowingly permit the transfer of any interest in Borrower to any person or entity who is listed on the Lists or whose beneficial owners are listed on the specially Designated Nationals and Blocked Persons List (the “List”) maintained by the Office of Foreign Asset Control, Department of the Treasury (“OFAC”) pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (September 25, 2001) (the “Order”) and/or any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive Orders (such lists are collectively referred to as the “Lists”). (b) Borrower will not knowingly enter into a Lease with any party who is either (iA) listed on the Lists or (iiB) engaged in illegal activities. (c) Borrower shall immediately notify Noteholder Lender if it becomes known to Borrower that any member or beneficial owner of Borrower is listed on the Lists or (iA) is indicted ofon, or (iiB) arraigned and held over on, on charges involving money laundering or predicate crimes to money laundering. (d) Borrower shall immediately notify Noteholder Lender if it becomes known to Borrower that any tenant at the Property is listed on the Lists or (iA) is convicted on, (iiB) pleads nolo contendere to, (iiiC) is indicted on or (ivD) is arraigned and held over on charges involving money laundering or predicate crimes to money laundering.

Appears in 1 contract

Samples: Consent Agreement (KBS Real Estate Investment Trust, Inc.)

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Compliance with Anti-Terrorism Orders. (ai) Borrower Buyer will not permit the transfer of any interest in Borrower Buyer to any person or entity who is listed on the Lists or whose beneficial owners are listed on the specially Designated Nationals and Blocked Persons List (the “List”) maintained by the Office of Foreign Asset Control, Department of the Treasury (“OFAC”) pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (September 25, 2001) (the “Order”) and/or any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive Orders (such lists are collectively referred to as the “Lists”). (bii) Borrower Buyer will not knowingly enter into a Lease with any party who is either (iA) listed on the Lists or (iiB) engaged in illegal activities. (ciii) Borrower Buyer shall immediately notify Noteholder Lender if it becomes known to Borrower Buyer that any member or beneficial owner of Borrower Buyer is listed on the Lists or (iA) is indicted ofon, or (iiB) arraigned and held over on, on charges involving money laundering or predicate crimes to money laundering. (div) Borrower Buyer shall immediately notify Noteholder Lender if it becomes known to Borrower Buyer that any tenant at the Property is listed on the Lists or (iA) is convicted on, (iiB) pleads nolo contendere to, (iiiC) is indicted on or (ivD) is arraigned and held over on charges involving money laundering or predicate crimes to money laundering.

Appears in 1 contract

Samples: Consent, Modification and Assumption Agreement (Moody National REIT I, Inc.)

Compliance with Anti-Terrorism Orders. (ai) Borrower Buyer will not permit the transfer of any interest in Borrower Buyer to any person or entity who is listed on the Lists or whose beneficial owners are listed on the specially Designated Nationals and Blocked Persons List (the "List") maintained by the Office of Foreign Asset Control, Department of the Treasury ("OFAC") pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (September 25, 2001) (the "Order") and/or any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive Orders (such lists are collectively referred to as the "Lists"). (bii) Borrower Buyer will not knowingly enter into a Lease with any party who is either (iA) listed on the Lists or (iiB) engaged in illegal activities. (ciii) Borrower Buyer shall immediately notify Noteholder Lender if it becomes known to Borrower Buyer that any member or beneficial owner of Borrower Buyer is listed on the Lists or (iA) is indicted of, or (iiB) arraigned and held over on, on charges involving money laundering or predicate crimes to money laundering. (div) Borrower Buyer shall immediately notify Noteholder Lender if it becomes known to Borrower Buyer that any tenant at the Property is listed on the Lists or (iA) is convicted on, (iiB) pleads nolo contendere to, (iiiC) is indicted on or (ivD) is arraigned and held over on charges involving money laundering or predicate crimes to money laundering.

Appears in 1 contract

Samples: Consent and Assumption Agreement (Cedar Shopping Centers Inc)

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