Common use of Economic Sanctions Clause in Contracts

Economic Sanctions. None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the Company, any independent director or director nominee, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 52 contracts

Samples: Underwriting Agreement (Social Capital Hedosophia Holdings Corp. VI), Underwriting Agreement (Social Capital Hedosophia Holdings Corp. IV), Underwriting Agreement

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Economic Sanctions. None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the Company, any independent director or director nomineenominees, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 28 contracts

Samples: Underwriting Agreement (Aspirational Consumer Lifestyle Corp. II), Underwriting Agreement (JAWS Spitfire Acquisition Corp), Underwriting Agreement (AEA-Bridges Impact Corp.)

Economic Sanctions. None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the CompanyCompany or the Sponsor, any independent director or director nominee, agent or affiliate of the Company or the Sponsor is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 11 contracts

Samples: Underwriting Agreement (GO Acquisition Corp.), Underwriting Agreement (Anthropos Capital Corp), Underwriting Agreement (Lead Edge Growth Opportunities, LTD)

Economic Sanctions. None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the Company, any independent director or director nominee, agent or affiliate of the Company is currently the subject to of any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or othermultinational, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently that is the subject to of any sanctions administered by OFAC or other economic sanctions.

Appears in 8 contracts

Samples: Underwriting Agreement (Tiga Acquisition Corp. II), Underwriting Agreement (Tiga Acquisition Corp. III), Underwriting Agreement (Tiga Acquisition Corp. III)

Economic Sanctions. None of the Company, the Sponsor, any non-independent director or officer of the Company or, to the knowledge of the Company, any independent director or director nomineedirector, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 3 contracts

Samples: Underwriting Agreement (Zimmer Energy Transition Acquisition Corp.), Underwriting Agreement (Zimmer Energy Transition Acquisition Corp.), Underwriting Agreement (Zimmer Energy Transition Acquisition Corp.)

Economic Sanctions. None of the Company, the Sponsor, any non-independent director or officer of the Company or, to the knowledge of the Company, any independent director or director nominee, agent or affiliate of the Company Company’s representatives is currently the subject to of any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or othermultinational, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently that is the subject to of any sanctions administered by OFAC or other economic sanctions.

Appears in 2 contracts

Samples: Underwriting Agreement (B Capital Technology Opportunities Corp.), Underwriting Agreement (B Capital Technology Opportunities Corp.)

Economic Sanctions. None of the Company, the Sponsor, any non-independent director or officer officer, or, to the knowledge of the CompanyCompany or the Sponsor, any independent director or director nominee, agent or affiliate of the Company or the Sponsor is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 2 contracts

Samples: Underwriting Agreement (Lux Health Tech Acquisition Corp.), Underwriting Agreement (Lux Health Tech Acquisition Corp.)

Economic Sanctions. None of the Company, the Sponsor, any non-non- independent director or officer director, officer, employee, or, to the knowledge of the Company, any independent director or director, director nominee, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 2 contracts

Samples: Underwriting Agreement (SC Health Corp), Underwriting Agreement (SC Health Corp)

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Economic Sanctions. None of the Company, the Sponsor, any non-independent director director, officer or officer employee or, to the knowledge of the Company, any independent director or director nominee, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 2 contracts

Samples: Underwriting Agreement (Waldencast Acquisition Corp.), Underwriting Agreement (Waldencast Acquisition Corp.)

Economic Sanctions. None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the CompanyCompany or the Sponsor, any independent director or director nomineedirector, agent or affiliate of the Company or the Sponsor is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the US-DOCS\126081869.6 Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 1 contract

Samples: Underwriting Agreement (VMG Consumer Acquisition Corp.)

Economic Sanctions. None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the Company, any independent director or director nomineedirector, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 1 contract

Samples: Underwriting Agreement (Avista Healthcare Public Acquisition Corp.)

Economic Sanctions. None of Neither the Company, the Sponsornor any director, any non-independent director nominee or officer or, to the knowledge of the Company, any independent director or director nominee, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the OfferingIPO or the sale of the Securities, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 1 contract

Samples: Forward Purchase Agreement (Provident Acquisition Corp.)

Economic Sanctions. None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the CompanyCompany or the Sponsor, any independent director or director nomineedirector, agent or affiliate of the Company or the Sponsor is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

Appears in 1 contract

Samples: Underwriting Agreement (VMG Consumer Acquisition Corp.)

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