Common use of Compliance with OFAC Rules and Regulations Clause in Contracts

Compliance with OFAC Rules and Regulations. (a) To the knowledge of the Borrower, none of the Borrower or any of its Subsidiaries or their respective Affiliates is in violation of (or will take any action that would violate) any of the country or list based economic and trade sanctions administered and enforced by OFAC that are described or referenced at xxxx://xxx.xxxxxxx.xxx/offices/enforcement/ofac/ or as otherwise published from time to time. (b) None of the Borrower or any of its Subsidiaries or their respective Affiliates (i) is a Sanctioned Person or a Sanctioned Entity, (ii) has more than 10% of its assets located in Sanctioned Entities, or (iii) derives more than 10% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Entities. No proceeds of any Loan will be used nor have any been used to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Entity.

Compliance with OFAC Rules and Regulations. (a) To the knowledge None of the Borrower, none of the Borrower or Credit Parties nor any of its Subsidiaries or their respective Affiliates is in violation of (or will take any action that would violate) and shall not violate any of the country or list based economic and trade sanctions administered and enforced by OFAC that are described or referenced at xxxx://xxx.xxxxxxx.xxx/offices/enforcement/ofac/ or as otherwise published from time to time. (b) None of the Borrower Credit Parties nor any of their respective Subsidiaries, nor to the knowledge of any Credit Party or any of its Subsidiaries or their respective Subsidiaries, any of their Affiliates (i) is a Sanctioned Person or a Sanctioned Entity, (ii) has more than 10% of its assets located in Sanctioned Entities, or (iii) derives more than 10% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Entities. No proceeds of any the Loan will be used nor have any been used to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Entity.

Compliance with OFAC Rules and Regulations. (a) To the knowledge None of the Borrower, none of the Borrower Credit Parties or any of its their Subsidiaries or Unrestricted Subsidiaries or their respective Affiliates is in violation of (or will take any action that would violate) and shall not violate any of the country or list based economic and trade sanctions administered and enforced by OFAC that are described or referenced at xxxx://xxx.xxxxxxx.xxx/offices/enforcement/ofac/ or as otherwise published from time to time. (b) None of the Borrower Credit Parties or any of its their Subsidiaries or Unrestricted Subsidiaries or their respective Affiliates (i) is a Sanctioned Person or a Sanctioned Entity, (ii) has more than 105% of its assets located in Sanctioned Entities, or (iii) derives more than 105% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Entities. No proceeds of any Loan will be used nor have any been used to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Entity.