Common use of Economic Sanctions, Anti-Money Laundering and Anti-Corruption Clause in Contracts

Economic Sanctions, Anti-Money Laundering and Anti-Corruption. (1) No Borrower Entity nor any Affiliated Property Operator, nor to Borrower’s knowledge, any Identified Party, nor any Person Controlled by Borrower Entity or any Affiliated Property Operator that also has a direct or indirect ownership interest in any Borrower Entity or Affiliated Property Operator, is in violation of any applicable civil or criminal laws or regulations, including those requiring internal controls, intended to prohibit, prevent, or regulate money laundering, drug trafficking, terrorism, or corruption, of the United States and the jurisdiction where the Mortgaged Property is located or where the Person resides, is domiciled, or has its principal place of business.

Economic Sanctions, Anti-Money Laundering and Anti-Corruption. (1) No Each Borrower Entity nor Entity, any Affiliated Property Operator, nor to Borrower’s knowledge, any Identified Party, nor or any Person Controlled by Borrower Entity or any Affiliated Property Operator that also has a direct or indirect ownership interest in any Borrower Entity or Affiliated Property Operator, is Operator shall remain in violation of compliance with any applicable civil or criminal laws or regulations, regulations (including those requiring internal controls, ) intended to prohibit, prevent, or regulate money laundering, drug trafficking, terrorism, or corruption, of the United States and the jurisdiction where the Mortgaged Property is located or where the Person resides, is domiciled, or has its principal place of business.

Economic Sanctions, Anti-Money Laundering and Anti-Corruption. (1) No Each Borrower Entity nor any Affiliated Property Operator, nor to Borrower’s knowledgeEntity, any Identified Party, nor Steadfast REIT Holdings, LLC, or any Person Controlled by Borrower Entity or any Affiliated Property Operator that also has a direct or indirect ownership interest Ownership Interest in any Borrower Entity or Affiliated Property Operator, is shall remain in violation of compliance with any applicable civil or criminal laws or regulations, regulations (including those requiring internal controls, ) intended to prohibit, prevent, or regulate money laundering, drug trafficking, terrorism, or corruption, of the United States and the jurisdiction where the Mortgaged Property is located or where the Person resides, is domiciled, or has its principal place of business.

Economic Sanctions, Anti-Money Laundering and Anti-Corruption. (1) No Borrower Entity nor any Affiliated Property OperatorEntity, nor to Borrower’s knowledge, any Identified PartyParty nor Steadfast REIT Holdings, LLC, nor any Person Controlled by Borrower Entity or any Affiliated Property Operator that also has a direct or indirect ownership interest Ownership Interest in any Borrower Entity or Affiliated Property OperatorEntity, is in violation of any applicable civil or criminal laws or regulations, including those requiring internal controls, intended to prohibit, prevent, or regulate money laundering, drug trafficking, terrorism, or corruption, of the United States and the jurisdiction where the Mortgaged Property is located or where the Person resides, is domiciled, or has its principal place of business.