Common use of Foreign Assets Control, Etc Clause in Contracts

Foreign Assets Control, Etc. (a) No Borrower (i) is, or is controlled by, a Designated Person; (ii) to its knowledge, has received funds or other property from a Designated Person; and (iii) is in breach, or to its knowledge, the subject, of any action or investigation under any Anti-Terrorism Law. To its knowledge, (i) no Borrower engages nor will it knowingly engage in any dealings or transactions with any Designated Person, and (ii) no Borrower is, nor will it knowingly be otherwise associated, with any Designated Person. Each Borrower and each Subsidiary is in compliance, in all material respects, with the Patriot Act. Each Borrower has taken reasonable measures to ensure compliance with the Anti-Terrorism Laws.