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.
Appears in 6 contracts
Samples: Senior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Senior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Senior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)
