Common use of Foreign Terrorist Organization Clause in Contracts

Foreign Terrorist Organization. For purposes of Subchapter F of Chapter 2252 of the Texas Government Code, that at the time of execution of this Agreement, the Bank hereby represents and warrants that as a “Company”, as defined in Section 808.001, Texas Government Code, the Bank, or any wholly owned subsidiary, majority-owned subsidiary, parent company or affiliate of the Bank, (i) does not engage in business with Iran, Sudan or any foreign terrorist organization as described in Chapters 808 of the Texas Government Code, or Subchapter F of Chapter 2252 of the Texas Government Code, and (ii) is not a company listed by the Texas Comptroller of Public Accounts under Sections 2270.0201 or 2252.153 of the Texas Government Code. The term “foreign terrorist organization” shall have the meaning given such term in Section 2252.151, Texas Government Code. The Bank understands “affiliate” to mean any entity that controls, is controlled by, or is under common control with the Bank and exists to make a profit.

Foreign Terrorist Organization. For purposes of Subchapter F of Chapter 2252 of the Texas Government Code, that at the time of execution of this Agreement, the Bank hereby represents and warrants that as a “Company”, as defined in Section 808.001, Texas Government Code, the Bank, or any wholly owned subsidiary, majority-owned subsidiary, parent company or affiliate of the Bank, (i) does not engage in business with Iran, Sudan or any foreign terrorist organization as described in Chapters Chapter 808 of the Texas Government Code, or Subchapter F of Chapter 2252 of the Texas Government Code, and (ii) is not a company listed by the Texas Comptroller of Public Accounts under Sections 2270.0201 or 2252.153 of the Texas Government Code. The term “foreign terrorist organization” shall have the meaning given such term in Section 2252.151, Texas Government Code. The Bank understands “affiliate” to mean any entity that controls, is controlled by, or is under common control with the Bank and exists to make a profit.