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

Compliance with OFAC Rules and Regulations. None of the Borrower, any Subsidiary (including Unrestricted Subsidiaries) of the Borrower, any Guarantor or, to the Borrower’s knowledge, any Affiliate of the Borrower or any Guarantor (i) is a Sanctioned Person, or (ii) derives any of its operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Entities. The proceeds of any Loan will not be used and have not 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.

Appears in 4 contracts

Samples: Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc)

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Compliance with OFAC Rules and Regulations. None of the Borrower, any Subsidiary (including Unrestricted Subsidiaries) of the Borrower, any Guarantor Guarantor, or, to the Borrower’s knowledge, any Affiliate of the Borrower or any Guarantor (i) is a Sanctioned Person, or (ii) derives any of its operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Entities. The proceeds of any Loan will not be used and have not 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.

Appears in 3 contracts

Samples: Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc), Credit Agreement (Capitalsource Inc)

Compliance with OFAC Rules and Regulations. None Neither of the BorrowerBorrowers, nor any Subsidiary (including Unrestricted Subsidiaries) of the Borrower, any Guarantor such Borrower or, to the either Borrower’s knowledge, any Affiliate of the a Borrower or any Guarantor (i) is a Sanctioned Person, (ii) has any of its assets in Sanctioned Countries, or (iiiii) derives any of its operating income from investments in, or transactions with, with Sanctioned Persons or Sanctioned EntitiesCountries. The No part of the proceeds of any Loan hereunder will not be used and have not been used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned EntityCountry.

Appears in 2 contracts

Samples: Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.)

Compliance with OFAC Rules and Regulations. None of the BorrowerBorrowers, any Subsidiary (including Unrestricted Subsidiaries) of the Borrower, any Guarantor Borrower or, to the any Borrower’s knowledge, any Affiliate of the any Borrower or any Guarantor (i) is a Sanctioned Person, (ii) has any of its assets in Sanctioned Countries, or (iiiii) derives any of its operating income from investments in, or transactions with, with Sanctioned Persons or Sanctioned EntitiesCountries. The No part of the proceeds of any Revolving Credit Loan Borrowing hereunder will not be used and have not been used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned EntityCountry.

Appears in 1 contract

Samples: Credit Agreement (Famous Daves of America Inc)

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Compliance with OFAC Rules and Regulations. None of the BorrowerBorrowers, any Subsidiary (including Unrestricted Subsidiaries) of the Borrower, any Guarantor Borrower or, to the any Borrower’s knowledge, any Affiliate of the any Borrower or any Guarantor (i) is a Sanctioned Person, (ii) has any of its assets in Sanctioned Countries, or (iiiii) derives any of its operating income from investments in, or transactions with, with Sanctioned Persons or Sanctioned EntitiesCountries. The No part of the proceeds of any Loan Credit Extension hereunder will not be used and have not been used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned EntityCountry.

Appears in 1 contract

Samples: Credit Agreement (Famous Daves of America Inc)

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