Compliance with Prescribed Laws. None of Borrower or any Person who Controls Borrower currently is identified by the Office of Foreign Assets Control, Department of the Treasury (“OFAC”) or otherwise qualifies as a Embargoed Person, and Borrower has implemented procedures to ensure that no Person who now or hereafter owns a direct or indirect equity interest in Borrower is an Embargoed Person or is Controlled by an Embargoed Person. Borrower is not in violation of any Prescribed Laws.
Compliance with Prescribed Laws. Borrower shall not (a) be or become subject at any time to any law, regulation, or list of any government agency (including, without limitation, the list maintained by OFAC and accessible through the OFAC website) that prohibits or limits any lender from making any advance or extension of credit to Borrower or from otherwise conducting business with Borrower, or (b) fail to provide documentary and other evidence of Borrower’s identity as may be requested by any Lender at any time to enable any Lender to verify Borrower’s identity or to comply with Prescribed Laws. In addition, Borrower hereby agrees to provide to Lender any additional information with respect to Borrower that Lender deems necessary from time to time in order to ensure compliance with Prescribed Laws.
Compliance with Prescribed Laws. None of Borrower, Mortgage Borrower or any Person who Controls Borrower or Mortgage Borrower currently is identified by the Office of Foreign Assets Control, Department of the Treasury (“OFAC”) or otherwise qualifies as a Embargoed Person, and Borrower and Mortgage Borrower have implemented procedures to ensure that no Person who now or hereafter owns a direct or indirect equity interest in Borrower or Mortgage Borrower is an Embargoed Person or is Controlled by an Embargoed Person. Borrower and Mortgage Borrower are not in violation of any Prescribed Laws.
Compliance with Prescribed Laws. Borrower shall not and shall not cause or permit Mortgage Borrower to (a) be or become subject at any time to any law, regulation, or list of any government agency (including, without limitation, the list maintained by OFAC and accessible through the OFAC website) that prohibits or limits any lender from making any advance or extension of credit to Borrower or Mortgage Borrower or from otherwise conducting business with Borrower or Mortgage Borrower, or (b) fail to provide documentary and other evidence of Borrower’s or Mortgage Borrower’s identity as may be requested by any Lender at any time to enable any Lender to verify Borrower’s or Mortgage Borrower’s identity or to comply with Prescribed Laws. In addition, Borrower hereby agrees to, and shall cause Mortgage Borrower to, provide to Lender any additional information with respect to Borrower or Mortgage Borrower that Lender deems necessary from time to time in order to ensure compliance with Prescribed Laws.
Compliance with Prescribed Laws. Neither any Loan Party nor any of their respective Affiliates (other than, so long as Ashford Hospitality Trust, Inc. is a Publicly Traded Company, any Person that owns any equity interests in Ashford Hospitality Trust, Inc.) is or will be an entity or person (i) that is listed in the Annex to, or is otherwise subject to the provisions of, Executive Order 13224 issued on September 24, 2001 (“E013224”); (ii) whose name appears on the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”) most current list of “Specifically Designed National and Blocked Persons,” (iii) who commits, threatens to commit or supports “terrorism”, as that term is defined in EO13224; or (iv) who is otherwise affiliated with any entity or person who may meet the description in (i), (ii) or (iii) above (any and all parties or persons described in (i) - (iv) above are herein referred to as a “Embargoed Person”). Borrower has implemented procedures to ensure that no Person (other than, so long as Ashford Hospitality Trust, Inc. is a Publicly Traded Company, any Person that owns any equity interests in Ashford Hospitality Trust, Inc.) who now or hereafter owns a direct or indirect equity interest in Borrower is an Embargoed Person or is Controlled by an Embargoed Person. Borrower and Mortgage Borrower are not in violation of any Prescribed Laws.
Compliance with Prescribed Laws. None of Borrower, Mortgage Borrower, Senior Mezzanine Borrower or any Person who Controls Borrower, Mortgage Borrower or Senior Mezzanine Borrower currently is identified by the Office of Foreign Assets Control, Department of the Treasury (“OFAC”) or otherwise qualifies as a Embargoed Person, and Borrower, Mortgage Borrower and Senior Mezzanine Borrower have implemented procedures to ensure that no Person who now or hereafter owns a direct or indirect equity interest in Borrower, Mortgage Borrower or Senior Mezzanine Borrower is an Embargoed Person or is Controlled by an Embargoed Person. Borrower, Mortgage Borrower and Senior Mezzanine Borrower are not in violation of any Prescribed Laws.
Compliance with Prescribed Laws. Borrower shall not and shall not cause or permit Senior Mezzanine Borrower to cause or permit Mortgage Borrower to (a) be or become subject at any time to any law, regulation, or list of any government agency (including, without limitation, the list maintained by OFAC and accessible through the OFAC website) that prohibits or limits any lender from making any advance or extension of credit to Borrower, Mortgage Borrower or Senior Mezzanine Borrower from otherwise conducting business with Borrower, Mortgage Borrower or Senior Mezzanine Borrower, or (b) fail to provide documentary and other evidence of Borrower’s, Mortgage Borrower’s or Senior Mezzanine Borrower’s identity as may be requested by any Lender at any time to enable any Lender to verify Borrower’s, Mortgage Borrower’s or Senior Mezzanine Borrower’s identity or to comply with Prescribed Laws. In addition, Borrower hereby agrees to, and shall cause Senior Mezzanine Borrower to, and cause Senior Mezzanine Borrower to cause Mortgage Borrower to, provide to Lender any additional information with respect to Borrower, Mortgage Borrower or Senior Mezzanine Borrower that Lender deems necessary from time to time in order to ensure compliance with Prescribed Laws.
Compliance with Prescribed Laws. No Loan Party or any of their respective Affiliates shall (a) conduct any business, or engage in any transaction or dealing, with any Embargoed Person, (b) engage in or conspire to engage in any transaction that evades or avoids or is for the purpose of evading or avoiding any of the prohibitions of EO13224, (c) be or become subject at any time to any law, regulation, or list of any government agency (including, without limitation, the list maintained by OFAC and accessible through the OFAC website) that prohibits or limits any lender from making any advance or extension of credit to Borrower or from otherwise conducting business with Borrower, or (d) fail to provide documentary and other evidence of Borrower’s identity as may be reasonably requested by any Lender at any time in its sole and absolute discretion to enable any Lender to (x) verify Borrower’s identity or to comply with Prescribed Laws, (y) confirm that no Loan Party is an Embargoed Person and (z) confirm that no Loan Party has engaged in any business transaction or dealings with an Embargoed Person, including, but not limited to, the making or receiving of any contribution of funds, goods or services to or for the benefit of an Embargoed Person. In addition, Borrower hereby agrees to provide to Lender any additional information with respect to Borrower that Lender deems necessary from time to time in order to ensure compliance with Prescribed Laws.
Compliance with Prescribed Laws. Section 5.24. Construction and Operating Agreement Section 5.25. Purchase Agreement
Compliance with Prescribed Laws. None of Borrower, Operating Lessee, Guarantor, SPE Component Entity, HHSD or any of their respective Affiliates shall (a) conduct any business, or engage in any transaction or dealing, with any Embargoed Person, (b) engage in or conspire to engage in any transaction that evades or avoids or is for the purpose of evading or avoiding any of the prohibitions of EO13224, (c) be or become subject at any time to any law, regulation, or list of any government agency
