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.
Appears in 4 contracts
Samples: Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)
