Common use of Foreign Assets Control Regulations and Anti-Money Laundering Clause in Contracts

Foreign Assets Control Regulations and Anti-Money Laundering. Each Obligated Party and each Subsidiary of each Obligated Party is and will remain in compliance in all material respects with all United States economic sanctions laws, Executive Orders and implementing regulations as promulgated by the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”), and all applicable anti-money laundering and counter-terrorism financing provisions of the Bank Secrecy Act and all regulations issued pursuant to it. No Obligated Party and no Subsidiary or Affiliate of any Obligated Party (a) is a Person designated by the United States government on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”) with which a United States Person cannot deal with or otherwise engage in business transactions, (b) is a Person who is otherwise the target of United States economic sanction laws such that a United States Person cannot deal or otherwise engage in business transactions with such Person, or (c) is controlled by (including without limitation by virtue of such person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any person or entity on the SDN List or a foreign government that is the target of United States economic sanctions prohibitions such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited under United States law.

Appears in 3 contracts

Samples: Credit Agreement (Cryo Cell International Inc), Credit Agreement (Harte Hanks Inc), Credit Agreement (Lm Funding America, Inc.)

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Foreign Assets Control Regulations and Anti-Money Laundering. Each Obligated Loan Party and each Subsidiary of each Obligated Party is and will remain in compliance in all material respects with all United States U.S. economic sanctions laws, Executive Orders executive orders and implementing regulations as promulgated by the United States U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”), and all applicable anti-money laundering and counter-terrorism financing provisions of the Bank Secrecy Act and all regulations issued pursuant to it. No Obligated Loan Party and no Subsidiary or Affiliate of any Obligated a Loan Party (ai) is a Person designated by the United States U.S. government on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”) with which a United States U.S. Person cannot deal with or otherwise engage in business transactions, (bii) is a Person who is otherwise the target of United States U.S. economic sanction sanctions laws such that a United States U.S. Person cannot deal or otherwise engage in business transactions with such Person, Person or (ciii) is controlled by (including without limitation by virtue of such person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any person or entity on the SDN List or a foreign government that is the target of United States U.S. economic sanctions prohibitions such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited under United States U.S. law.

Appears in 2 contracts

Samples: Credit Agreement (Chefs' Warehouse, Inc.), Credit Agreement (Chefs' Warehouse, Inc.)

Foreign Assets Control Regulations and Anti-Money Laundering. Each Obligated Party and each Subsidiary of each Obligated Party is and will remain in compliance in all material respects with all United States economic sanctions laws, Executive Orders and implementing regulations as promulgated by the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”), and all applicable anti-money laundering and counter-terrorism financing provisions of the Bank Secrecy Act and all regulations issued pursuant to it. No Obligated Party and no Subsidiary Subsidiary, Affiliate, or Affiliate any director, officer, employee, agent, affiliate or representative of any Obligated Party is an individual or entity that is, or is owned or controlled by any individual or entity that is (a) is currently the subject or target of any Sanctions, (b) a Person designated by the United States government on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”) with which a United States Person cannot deal with or otherwise engage in business transactions, or included on HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List or any similar list enforced by any other relevant sanctions authority, (bc) is a Person who is otherwise the target of United States economic sanction laws such that a United States Person cannot deal or otherwise engage in business transactions with such Person, or (cd) is controlled by (including without limitation by virtue of such person being located, organized or resident in a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any person or entity on the SDN List or a foreign government that is the target of United States economic sanctions prohibitions such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited under United States lawDesignated Jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (ProFrac Holding Corp.)

Foreign Assets Control Regulations and Anti-Money Laundering. Each Obligated Credit Party and each Subsidiary of each Obligated Credit Party is and will remain in compliance in all material respects with all United States U.S. economic sanctions laws, Executive Orders and implementing regulations as promulgated by the United States U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”), and all applicable anti-money laundering and counter-terrorism financing provisions of the Bank Secrecy Act and all regulations issued pursuant to it. No Obligated Credit Party and no Subsidiary or Affiliate of any Obligated a Credit Party (ai) is a Person designated by the United States U.S. government on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”) with which a United States Person cannot deal with or otherwise engage in business transactions, (bii) is a Person who is otherwise the target of United States U.S. economic sanction sanctions laws such that a United States Person cannot deal or otherwise engage in business transactions with such Person, Person or (ciii) is controlled by (including without limitation by virtue of such person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any person or entity on the SDN List or a foreign government that is the target of United States U.S. economic sanctions prohibitions such that the entry into, or performance under, this Agreement or any other Loan Document would be prohibited under United States U.S. law.

Appears in 1 contract

Samples: Credit Agreement (Entravision Communications Corp)

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Foreign Assets Control Regulations and Anti-Money Laundering. Each Obligated The Borrower, each Credit Party and each Subsidiary of the Borrower and each Obligated Credit Party is and will remain in compliance in all material respects with all United States US economic sanctions laws, Executive Orders and implementing regulations as promulgated by the United States US Treasury Department’s Office of Foreign Assets Control (“OFAC”), and all applicable anti-money laundering and counter-terrorism financing provisions of the Bank Secrecy Act and all regulations issued pursuant to it. No Obligated Credit Party and no Subsidiary or Affiliate of any Obligated a Credit Party (ai) is a Person designated by the United States government Government on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”) with which a United States US Person cannot deal with or otherwise engage in business transactions, (bii) is a Person who is otherwise the target of United States US economic sanction sanctions laws such that a United States US Person cannot deal or otherwise engage in business transactions with such Person, Person or (ciii) is controlled by (including without limitation by virtue of such person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any person or entity on the SDN List or a foreign government that is the target of United States US economic sanctions prohibitions such that the entry into, or performance under, this Credit Agreement or any other Loan Fundamental Document would be prohibited under United States US law.

Appears in 1 contract

Samples: Security and Pledge Agreement (Hollywood Media Corp)

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