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

Notification of Lender; Quarantine Steps. Each Borrower shall immediately notify Agent if such Borrower obtains actual knowledge that any holder of a direct or indirect interest in such Borrower, or any director, manager or officer of any of such holder, (a) has been listed on any of the Lists, (b) has become a Designated Person, (c) 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, (d) has been assessed civil penalties under any Anti-Money Laundering Laws, or (e) has had funds seized or forfeited in an action under any Anti-Money Laundering Laws.

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