Common use of Money Laundering; Sanctions Clause in Contracts

Money Laundering; Sanctions. (a) The operations of TWG and its Subsidiaries are and, since August 1, 2014, have been conducted in material compliance with all applicable anti-money laundering Laws. To the Knowledge of TWG, no cause of action, action, claim, suit, demand, proceeding, notice of violation, or investigation, by or before any Governmental Authority involving TWG or any of its Subsidiaries with respect to such anti-money laundering Laws is or, since August 1, 2014, has been pending or threatened. (b) TWG and its Subsidiaries are and, since August 1, 2014, have been in compliance, in all material respects, with all applicable economic sanctions Laws, including, but not limited to, the U.S. economic sanctions administered by the United States Department of Treasury’s Office of Foreign Asset Control (“OFAC”). None of TWG, its Subsidiaries nor any of their directors or officers, nor, to the Knowledge of TWG, any employee or agent acting for or on behalf of TWG or its Subsidiaries, is an individual or entity included on, or is owned in the aggregate, directly or indirectly, 50% or more or controlled by any Person that is included on any list of sanctioned parties maintained by the United States, including the list of Specially Designated Nationals and Blocked Persons maintained by OFAC or located, organized or resident in a country or territory that is the subject of comprehensive sanctions imposed by the United States (Crimea, Cuba, Iran, North Korea and Syria). Since August 1, 2014, none of TWG nor any of its Subsidiaries have, to the Knowledge of TWG, participated, in a material violation of applicable economic sanctions Laws, in any transaction involving such a sanctioned Person, or any country or territory subject to comprehensive sanctions imposed by the United States. TWG and its Subsidiaries have not received any written notice alleging any violation, or made any voluntary or involuntary disclosure to a Governmental Authority concerning, any actual or alleged violation of, nor have they violated any applicable economic sanctions Laws.

Money Laundering; Sanctions. (a) The operations of TWG the Company and its Subsidiaries are andand have, since August 1, 2014, have been conducted in material compliance with all applicable anti-money laundering Laws. To the Knowledge of TWGthe Company, no cause of action, action, claim, suit, demand, proceeding, notice of violation, or investigation, by or before any court or Governmental Authority involving TWG Company or any of its Subsidiaries with respect to such anti-money laundering Laws is or, since August 1, 2014, has been or is pending or threatened. (b) TWG The Company and its Subsidiaries are and, have since August 1, 20142014 complied, have been and currently are in compliance, in all material respects, with all applicable economic sanctions Laws, including, but not limited to, to the U.S. economic sanctions administered by the United States Department of Treasury’s Office of Foreign Asset Control (“OFAC”). None of TWGthe Company, its Subsidiaries nor any of their directors or officers, nor, to the Knowledge of TWGthe Company, any employee or agent acting for or on behalf of TWG the Company or its Subsidiaries, is an individual or entity included on, or is owned in the aggregate, directly or indirectly, 50% or more or controlled by any Person that is included on any list of sanctioned parties maintained by the United States, including the list of Specially Designated Nationals and Blocked Persons maintained by OFAC or located, organized or resident in a country or territory that is the subject of comprehensive sanctions imposed by the United States (Crimea, Cuba, Iran, North Korea and Syria). Since August 1, 2014, none of TWG the Company nor any of its Subsidiaries have, to the Knowledge of TWGthe Company, participated, in a material violation of applicable economic sanctions Laws, in any transaction involving such a sanctioned Person, or any country or territory subject to comprehensive sanctions imposed by the United States. TWG The Company and its Subsidiaries have not received any written notice alleging any violation, violation or made any voluntary or involuntary disclosure to a Governmental Authority concerning, any actual or alleged violation of, nor have they violated any applicable economic sanctions Laws.

Money Laundering; Sanctions. (a) The operations of TWG Parent and its Subsidiaries are and, since August 1, 2014, have been conducted in material compliance with all applicable anti-money laundering Laws. To the Knowledge of TWGParent, no cause of action, action, claim, suit, demand, proceeding, notice of violation, or investigation, by or before any Governmental Authority involving TWG Parent or any of its Subsidiaries with respect to such anti-money laundering Laws is or, since August 1, 2014, has been pending or threatened. (b) TWG Parent and its Subsidiaries are and, since August 1, 2014, have been in compliance, in all material respects, with all applicable economic sanctions Laws, including, but not limited to, the U.S. economic sanctions administered by the United States U.S. Department of the Treasury’s Office of Foreign Asset Assets Control (“OFAC”). None of TWGParent, its Subsidiaries nor any of their directors or officers, nor, to the Knowledge of TWGParent, any employee or agent acting for or on behalf of TWG Parent or its Subsidiaries, is an individual or entity included on, or is owned in the aggregate, directly or indirectly, 50% or more or controlled by any Person that is included on any list of sanctioned parties maintained by the United States, including the list of Specially Designated Nationals and Blocked Persons maintained by OFAC or located, organized or resident in a country or territory that is the subject of comprehensive sanctions imposed by the United States (Crimea, Cuba, Iran, North Korea and Syria). Since August 1, 2014, none of TWG Parent nor any of its Subsidiaries have, to the Knowledge of TWGParent, participated, in a material violation of applicable economic sanctions Laws, in any transaction involving such a sanctioned Person, or any country or territory subject to comprehensive sanctions imposed by the United States. TWG Parent and its Subsidiaries have not received any written notice alleging any violation, or made any voluntary or involuntary disclosure to a Governmental Authority concerning, any actual or alleged violation of, nor have they violated any applicable economic sanctions Laws.

Money Laundering; Sanctions. (a) The operations of TWG Purchaser and its Subsidiaries are andand have, since August 1, 2014, have been conducted in material compliance with all applicable anti-money laundering Laws. To the Knowledge of TWGPurchaser, no cause of action, action, claim, suit, demand, proceeding, notice of violation, or investigation, by or before any court or Governmental Authority involving TWG Purchaser or any of its Subsidiaries with respect to such anti-money laundering Laws is or, since August 1, 2014, has been or is pending or threatened. (b) TWG Purchaser and its Subsidiaries are and, have since August 1, 20142014 complied, have been and currently are in compliance, in all material respects, with all applicable economic sanctions Laws, including, but not limited to, to the U.S. economic sanctions administered by the United States Department of Treasury’s Office of Foreign Asset Control (“OFAC”). None of TWGPurchaser, its Subsidiaries nor any of their directors or officers, nor, to the Knowledge of TWGPurchaser, any employee or agent acting for or on behalf of TWG Purchaser or its Subsidiaries, is an individual or entity included on, or is owned in the aggregate, directly or indirectly, 50% or more or controlled by any Person that is included on any list of sanctioned parties maintained by the United States, including the list of Specially Designated Nationals and Blocked Persons maintained by OFAC or located, organized or resident in a country or territory that is the subject of comprehensive sanctions imposed by the United States (Crimea, Cuba, Iran, North Korea and Syria). Since August 1, 2014, none of TWG Purchaser nor any of its Subsidiaries have, to the Knowledge of TWGPurchaser, participated, in a material violation of applicable economic sanctions Laws, in any transaction involving such a sanctioned Person, or any country or territory subject to comprehensive sanctions imposed by the United States. TWG Purchaser and its Subsidiaries have not received any written notice alleging any violation, violation or made any voluntary or involuntary disclosure to a Governmental Authority concerning, any actual or alleged violation of, nor have they violated any applicable economic sanctions Laws.