Common use of Notification of Agent; Quarantine Steps Clause in Contracts

Notification of Agent; Quarantine Steps. Borrowers shall immediately notify Agent if Borrowers obtain actual knowledge that any holder of a direct or indirect interest in any Borrower, or any director, manager or officer of any of such holder, (i) has been listed on any of the Lists, (ii) has become a Designated Person, (iii) is under investigation by any governmental authority for, or has been charged with or convicted of, money laundering drug trafficking, terrorist-related activities or other money laundering predicate crimes, or any violation of the BSA, (iv) has been assessed civil penalties under any Anti-Money Laundering Laws, or (v) has had funds seized or forfeited in an action under any Anti-Money Laundering Laws.

Appears in 2 contracts

Samples: Loan Agreement (Cornerstone Healthcare Plus Reit, Inc.), Loan Agreement (Ensign Group, Inc)

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Notification of Agent; Quarantine Steps. Borrowers Borrower shall immediately notify Agent if Borrowers obtain Borrower obtains actual knowledge that any holder of a direct or indirect interest in any Borrower, or any director, manager or officer of any of such holder, (i) has been listed on any of the Lists, (ii) has become a Designated Person, (iii) is under investigation by any governmental authority for, or has been charged with or convicted of, money laundering drug trafficking, terrorist-related activities or other money laundering predicate crimes, or any violation of the BSA, (iv) has been assessed civil penalties under any Anti-Money Laundering Laws, or (v) has had funds seized or forfeited in an action under any Anti-Money Laundering Laws.

Appears in 2 contracts

Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Provident Senior Living Trust)

Notification of Agent; Quarantine Steps. Borrowers Borrower shall immediately notify Agent if Borrowers obtain Borrower obtains actual knowledge that any holder of a direct or indirect interest in any Borrower, or any director, manager or officer of any of such holder, (i) has been listed on any of the Lists, (ii) has become a Designated Person, (iii) is under investigation by any governmental authority for, or has been charged with or convicted of, money laundering drug trafficking, terrorist-related activities or other money laundering predicate crimes, or any violation of the BSA, (iv) has been assessed civil penalties under any Anti-Money Laundering Laws, or (v) has had funds seized or forfeited in an action under any Anti-Money Laundering Laws.

Appears in 1 contract

Samples: Loan Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

Notification of Agent; Quarantine Steps. Borrowers Borrower shall immediately notify Agent if Borrowers obtain Borrower obtains actual knowledge that any holder of a direct or indirect interest in any BorrowerBorrower or Master Tenant, or any director, manager or officer of any of such holder, (i) has been listed on any of the Lists, (ii) has become a Designated Person, (iii) is under investigation by any governmental authority for, or has been charged with or convicted of, money laundering drug trafficking, terrorist-related activities or other money laundering predicate crimes, or any violation of the BSA, (iv) has been assessed civil penalties under any Anti-Money Laundering Laws, or (v) has had funds seized or forfeited in an action under any Anti-Money Laundering Laws.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

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Notification of Agent; Quarantine Steps. Borrowers The Borrower shall immediately notify the Agent if Borrowers obtain actual such Person obtains knowledge that any holder of a direct or indirect interest in any BorrowerRestricted Group Member, or any director, manager or officer of any of such holder, (ia) has been listed on any of the Lists, (iib) has become a Designated Person, (iiic) is under investigation by any governmental authority Governmental Body for, or has been charged with or convicted of, money laundering drug trafficking, terrorist-related activities or other money laundering predicate crimes, or any violation of the BSA, (ivd) has been assessed civil penalties under any Anti-Money money Laundering Laws, or (ve) has had funds seized or forfeited in an action under any Anti-Money money Laundering Laws.

Appears in 1 contract

Samples: Credit Agreement (MDC Partners Inc)

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