Common use of Compliance with Governmental Prohibitions Clause in Contracts

Compliance with Governmental Prohibitions. No portion of the Loan proceeds will be used, disbursed or distributed by Borrower or any Principal Party for any purpose, or to any Person, in violation of any Law including, without limitation, any of the Terrorism Laws or Regulation U of the Board of Governors of the Federal Reserve. Borrower shall provide Lender with immediate written notice (a) of any failure of any of the representations and warranties set forth in Section 5.8 of this Agreement or in Section 4(M) of the Guaranty to be true, correct and complete in all respects at any time, or (b) if Borrower obtains knowledge that Borrower, any of the Principal Parties, or any holder at any time of any direct or indirect equitable, legal or beneficial interest in Borrower or any of the Principal Parties is the subject of any of the Terrorism Laws. Borrower shall immediately and diligently take, or cause to be immediately and diligently taken, all necessary action to comply with all Terrorism Laws and to cause the representations and warranties set forth in Section 5.8 of this Agreement and in Section 4(M) of the Guaranty to be true, correct and complete in all respects.

Compliance with Governmental Prohibitions. No portion of the Loan proceeds will be used, disbursed or distributed by Borrower or any Principal Party for any purpose, or to any Person, in violation of any Law including, without limitation, any of the Terrorism Laws or Regulation U of the Board of Governors of the Federal ReserveLaws. Borrower shall provide Lender with immediate written notice (a) of any failure of any of the representations and warranties set forth in Section 5.8 of this Agreement or in Section 4(M) of the Guaranty to be true, correct and complete in all respects at any time, or (b) if Borrower obtains knowledge that Borrower, any of the Principal Parties, or any holder at any time of any direct or indirect equitable, legal or beneficial interest in Borrower or any of the Principal Parties is the subject of any of the Terrorism Laws. Borrower shall immediately and diligently take, or cause to be immediately and diligently taken, all necessary action to comply with all Terrorism Laws and to cause the representations and warranties set forth in Section 5.8 of this Agreement and in Section 4(M) of the Guaranty to be true, correct and complete in all respects.

Compliance with Governmental Prohibitions. No portion of the Loan proceeds will be used, disbursed or distributed by Borrower or any Principal Party for any purpose, or to any Person, in violation of any Law including, without limitation, any of the Terrorism Laws or Regulation U of the Board of Governors of the Federal ReserveLaws. Borrower shall provide Lender with immediate written notice (a) of any failure of any of the representations and warranties set forth in Section 5.8 SECTION 6.14 of this Agreement or in Section SECTION 4(M) of the Guaranty to be true, correct and complete in all respects at any time, or (b) if Borrower obtains knowledge that Borrower, any of the Principal Parties, or any holder at any time of any direct or indirect equitable, legal or beneficial interest in Borrower or any of the Principal Parties is the subject of any of the Terrorism Laws. Borrower shall immediately and diligently take, or cause to be immediately and diligently taken, all necessary action to comply with all Terrorism Laws and to cause the representations and warranties set forth in Section 5.8 SECTION 6.14 of this Agreement and in Section SECTION 4(M) of the Guaranty to be true, correct and complete in all respects.