Common use of Compliance with OFAC Sanctions Programs Clause in Contracts

Compliance with OFAC Sanctions Programs. (a) Each Loan Party shall at all times comply with the requirements of all OFAC Sanctions Programs applicable to such Loan Party and shall cause each of its Subsidiaries to comply with the requirements of all OFAC Sanctions Programs applicable to such Subsidiary. (b) Each Loan Party shall provide the Bank any information regarding the Loan Parties, their Affiliates, and their Subsidiaries necessary for the Bank to comply with all applicable OFAC Sanctions Programs; subject however, in the case of Affiliates, to such Loan Party’s ability to provide information applicable to them. (c) If any Loan Party obtains actual knowledge or receives any written notice that any Loan Party, any Affiliate or any Subsidiary of any Loan Party is named on the then current OFAC SDN List (such occurrence, an “OFAC Event”), such Loan Party shall promptly (i) give written notice to the Bank of such OFAC Event, and (ii) comply in all material respects with all applicable laws with respect to such OFAC Event (regardless of whether the party included on the OFAC SDN List is located within the jurisdiction of the United States of America), including the OFAC Sanctions Programs, and each Loan Party hereby authorizes and consents to the Bank taking any and all steps the Bank deems necessary, in their sole but reasonable discretion, to avoid violation of all applicable laws with respect to any such OFAC Event, including the requirements of the OFAC Sanctions Programs (including the freezing and/or blocking of assets and reporting such action to OFAC).

Compliance with OFAC Sanctions Programs. (a) Each Loan Party Borrower shall at all times comply with the requirements of all OFAC Sanctions Programs applicable to such Loan Party Borrower and shall cause each of its Subsidiaries to comply with the requirements of all OFAC Sanctions Programs applicable to such Subsidiary. (b) Each Loan Party Borrower shall provide the Bank any information regarding the Loan PartiesBorrower, their its Affiliates, and their its Subsidiaries necessary for the Bank to comply with all applicable OFAC Sanctions Programs; subject however, in the case of Affiliates, to such Loan PartyBorrower’s ability to provide information applicable to them. (c) If any Loan Party Borrower obtains actual knowledge or receives any written notice that any Loan PartyBorrower, any Affiliate or any Subsidiary of any Loan Party is named on the then current OFAC SDN List (such occurrence, an “OFAC Event”), such Loan Party Borrower shall promptly (i) give written notice to the Bank of such OFAC Event, and (ii) comply in all material respects with all applicable laws with respect to such OFAC Event (regardless of whether the party included on the OFAC SDN List is located within the jurisdiction of the United States of America), including the OFAC Sanctions Programs, and each Loan Party Borrower hereby authorizes and consents to the Bank taking any and all steps the Bank deems necessary, in their its sole but reasonable discretion, to avoid violation of all applicable laws with respect to any such OFAC Event, including the requirements of the OFAC Sanctions Programs (including the freezing and/or blocking of assets and reporting such action to OFAC).

Compliance with OFAC Sanctions Programs. (a) Each Loan Party The Borrower shall at all times comply with the requirements of all OFAC Sanctions Programs applicable to such Loan Party the Borrower and shall cause each of its Subsidiaries to comply with the requirements of all OFAC Sanctions Programs applicable to such Subsidiary. (b) Each Loan Party The Borrower shall provide the Bank any information regarding the Loan PartiesBorrower, their its Affiliates, and their its Subsidiaries necessary for the Bank to comply with all applicable OFAC Sanctions Programs; subject however, in the case of Affiliates, to such Loan Partythe Borrower’s ability to provide information applicable to them. (c) If any Loan Party the Borrower obtains actual knowledge or receives any written notice that any Loan Partythe Borrower, any Affiliate or any Subsidiary of any Loan Party is named on the then current OFAC SDN List (such occurrence, an “OFAC Event”), such Loan Party the Borrower shall promptly (i) give written notice to the Bank of such OFAC Event, and (ii) comply in all material respects with all applicable laws with respect to such OFAC Event (regardless of whether the party included on the OFAC SDN List is located within the jurisdiction of the United States of America), including the OFAC Sanctions Programs, and each Loan Party the Borrower hereby authorizes and consents to the Bank taking any and all steps the Bank deems necessary, in their its sole but reasonable discretion, to avoid violation of all applicable laws with respect to any such OFAC Event, including the requirements of the OFAC Sanctions Programs (including the freezing and/or blocking of assets and reporting such action to OFAC).

Compliance with OFAC Sanctions Programs. (a) Each Loan Party shall at all times comply in all material respects with the requirements of all OFAC Sanctions Programs applicable to such Loan Party and shall cause each of its Subsidiaries to comply in all material respects with the requirements of all OFAC Sanctions Programs applicable to such Subsidiary. (b) Each Loan Party shall provide the Bank Administrative Agent and the Lenders any information regarding the Loan Parties, their Affiliates, Parties and their Subsidiaries necessary for the Bank Administrative Agent and the Lenders to comply with all applicable OFAC Sanctions Programs; subject however, in the case of Affiliates, to such Loan Party’s ability to provide information applicable to them. (c) If any Loan Party obtains actual knowledge or receives any written notice that any Loan Party, any Affiliate or any Subsidiary of any Loan Party is named on the then current OFAC SDN List (such occurrence, an “OFAC Event”), such Loan Party shall promptly (i) give written notice to the Bank Administrative Agent and the Lenders of such OFAC Event, and (ii) comply in all material respects with all applicable laws with respect to such OFAC Event (regardless of whether the party included on the OFAC SDN List is located within the jurisdiction of the United States of America), including the OFAC Sanctions Programs, and each Loan Party hereby authorizes and consents to the Bank Administrative Agent and the Lenders taking any and all steps the Bank deems Administrative Agent or the Lenders deem necessary, in their sole but reasonable discretion, to avoid violation of all applicable laws with respect to any such OFAC Event, including the requirements of the OFAC Sanctions Programs (including the freezing and/or blocking of assets and reporting such action to OFAC).

Compliance with OFAC Sanctions Programs. (a) Each Loan Party Borrower shall at all times comply with the requirements of all OFAC Sanctions Programs applicable to such Loan Party Borrower and shall cause each of its Subsidiaries to comply with the requirements of all OFAC Sanctions Programs applicable to such Subsidiary. (b) Each Loan Party Borrower shall provide the Bank Collateral Agent any information regarding the Loan PartiesBorrower, their its Affiliates, and their its Subsidiaries necessary for the Bank Collateral Agent to comply with all applicable OFAC Sanctions Programs; subject however, in the case of Affiliates, to such Loan PartyBorrower’s ability to provide information applicable to them. (c) If any Loan Party Borrower obtains actual knowledge or receives any written notice that any Loan PartyBorrower, any Affiliate or any Subsidiary of any Loan Party is named on the then current OFAC SDN List (such occurrence, an “OFAC Event”), such Loan Party Borrower shall promptly (i) give written notice to the Bank Collateral Agent of such OFAC Event, and (ii) comply in all material respects with all applicable laws with respect to such OFAC Event (regardless of whether the party included on the OFAC SDN List is located within the jurisdiction of the United States of America), including the OFAC Sanctions Programs, and each Loan Party Borrower hereby authorizes and consents to the Bank Collateral Agent taking any and all steps the Bank Collateral Agent deems necessary, in their its sole but reasonable discretion, to avoid violation of all applicable laws with respect to any such OFAC Event, including the requirements of the OFAC Sanctions Programs (including the freezing and/or blocking of assets and reporting such action to OFAC).

Compliance with OFAC Sanctions Programs. (a) Each Loan Party Borrower shall at all times comply with the requirements of all OFAC Sanctions Programs applicable to such Loan Party Borrower and shall cause each of its Subsidiaries to comply with the requirements of all OFAC Sanctions Programs applicable to such Subsidiary. (b) Each Loan Party Borrower shall provide the Bank any information regarding the Loan Partiessuch Borrower, their its Affiliates, and their its Subsidiaries necessary for the Bank to comply with all applicable OFAC Sanctions Programs; subject however, in the case of Affiliates, to such Loan PartyBorrower’s ability to provide information applicable to them. (c) If any Loan Party Borrower obtains actual knowledge or receives any written notice that any Loan PartyBorrower, any Affiliate or any Subsidiary of any Loan Party is named on the then current OFAC SDN List (such occurrence, an “OFAC Event”), such Loan Party Borrower shall promptly (i) give written notice to the Bank of such OFAC Event, and (ii) comply in all material respects with all applicable laws with respect to such OFAC Event (regardless of whether the party included on the OFAC SDN List is located within the jurisdiction of the United States of America), including the OFAC Sanctions Programs, and each Loan Party Borrower hereby authorizes and consents to the Bank taking any and all steps the Bank deems necessary, in their its sole but reasonable discretion, to avoid violation of all applicable laws with respect to any such OFAC Event, including the requirements of the OFAC Sanctions Programs (including the freezing and/or blocking of assets and reporting such action to OFAC).