Common use of OF AC Clause in Contracts

OF AC. The Borrower is not in violation of any of the country or list based economic and trade sanctions administered and enforced by OF AC. The Borrower (i) is not a Sanctioned Person or a Sanctioned Entity, (ii) has no more than ten percent (10%) of its assets located in Sanctioned Entities, or (iii) derives no more than ten percent (10%) of its revenues from investments in, or transactions with Sanctioned Persons or Sanctioned Entities.