No Violations or Bankruptcies. To the Knowledge of Buyer, neither Buyer, nor any affiliate of Buyer, nor any Person that exercises Substantial Control over or any affiliate of Buyer, or member of such person’s family (as the term “family” is defined in 34 C.F.R. § 668.174(c)(4)), alone or together, (i) exercises or exercised Substantial Control over another institution or third-party servicer (as that term is defined in 34 C.F.R. § 668.2) that owes a liability for a violation of a Title IV Program requirement or (ii) owes a liability for a Title IV Program violation. To the Knowledge of Buyer, neither Buyer nor any affiliate of Buyer have knowingly employed in a capacity involving administration of Title IV Program funds, any individual who has been convicted of, or has pled nolo contendere or guilty to, a crime involving the acquisition, use or expenditure of funds of a Governmental Authority or Educational Agency, or has been administratively or judicially determined to have committed fraud or any other material violation of Law involving funds of any Governmental Authority or Educational Agency. To the Knowledge of Buyer, neither Buyer, nor any affiliate of Buyer have contracted with an institution or third-party servicer that has been terminated under § 487 of the HEA for a reason involving the acquisition, use, or expenditure of funds of a Governmental Authority or Educational Agency, or has been administratively or judicially determined to have committed fraud or any other material violation of Law involving funds of any Governmental Authority or Educational Agency. To the Knowledge of Buyer, neither Buyer nor any owner or DOE Affiliate of Buyer that has the power, by contract or ownership interest, to direct or cause the direction of management of policies of any the University have filed for relief in bankruptcy or had entered against it an order for relief in bankruptcy. To the Knowledge of Buyer, none of Buyer, nor any DOE Affiliate or chief executive officer of Buyer have pled guilty to, pled nolo contendere, or been found guilty of, a crime involving the acquisition, use or expenditure of funds under the Title IV Programs or been judicially determined to have committed fraud involving funds under the Title IV Programs. To the Knowledge of Buyer, neither Buyer, nor any affiliate of Buyer have contracted with or employed any Person that has been, or whose officers or employees have been, convicted of, or pled nolo contendere or guilty to, a crime involving the acquisition, use...
No Violations or Bankruptcies. (a) 4.13 To the Knowledge of Buyer, neither Buyer, nor any affiliate of Buyer, nor any Person that exercises Substantial Control over or any affiliate of Buyer, or member of such person’s family (as the term “family” is defined in 34 C.F.R. § 668.174(c)(4)), alone or together, (i) exercises or exercised Substantial Control over another institution or third-party servicer (as that term is defined in 34 C.F.R. § 668.2) that owes a liability for a violation of a Title IV Program requirement or (ii) owes a liability for a Title IV Program violation.
