Common use of OFAC and Anti-Corruption Laws Clause in Contracts

OFAC and Anti-Corruption Laws. (a) The Company and, to its knowledge, its controlled affiliated companies and their respective directors, officers, employees, and agents are conducting their business in compliance in all material respects with Anti-Corruption Laws and have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws in all material respects. (b) None of the Company or, to its knowledge, its controlled affiliated companies or their respective directors, officers, employees or agents acting or directly benefiting in any capacity in connection with the Credit Events: (i) is a Designated Person; (ii) is a Person that is 50% or greater owned or controlled by a Designated Person or by a Sanctioned Country; (iii) is organized or resident in a Sanctioned Country, in each case in violation of Sanctions; or (iv) is (or, except as disclosed in writing to the Administrative Agent prior to the Effective Date, has, to the Company’s knowledge, within the year preceding the Effective Date) directly or, to the Company’s knowledge, indirectly engaged in, any dealings or transactions, in each case in violation of any Sanctions, (1) with any Designated Person or (2) in any Sanctioned Country to the extent that after giving effect to such dealings or transactions the Company and its Subsidiaries have more than 5% of their consolidated assets in Sanctioned Countries or derive more than 5% of their consolidated revenues from investments in, or transactions with, Sanctioned Countries.

OFAC and Anti-Corruption Laws. (a) The Company and, to its knowledge, its controlled affiliated companies Affiliates and their respective directors, officers, employees, and agents are conducting their business in compliance in all material respects with Anti-Corruption Laws and have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws in all material respects. (b) None of the Company or, to its knowledge, its controlled affiliated companies Affiliates or their respective directors, officers, employees or agents acting or directly benefiting in any capacity in connection with the Credit EventsBorrowings: (i) is a Designated Person; (ii) is a Person that is 50% or greater owned or controlled by a one or more Designated Person Persons or by a Sanctioned Country; (iii) is located, organized or resident in a Sanctioned Country, in each case in violation of Sanctions; or (iv) is (or, except as disclosed in writing to the Administrative Agent prior to the Effective Date), has, to the Company’s knowledge, within the year preceding the Effective Date) directly or, to the Company’s knowledge, indirectly engaged in, any dealings or transactions, in each case in violation of any Sanctions, (1) with any Designated Person or (2) in any Sanctioned Country to the extent that after giving effect to such dealings or transactions the Company and its Subsidiaries have more than 5% of their consolidated assets in Sanctioned Countries or derive more than 5% of their consolidated revenues from investments in, or transactions with, Sanctioned Countries.

OFAC and Anti-Corruption Laws. (a) The Company and, to its knowledge, its controlled affiliated companies Affiliates and their respective directors, officers, employees, and agents are conducting their business in compliance in all material respects with Anti-Corruption Laws and have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws in all material respects. (b) None of the Company or, to its knowledge, its controlled affiliated companies Affiliates or their respective directors, officers, employees or agents acting or directly benefiting in any capacity in connection with the Credit Events: (i) is a Designated Person; (ii) is a Person that is 50% or greater owned or controlled by a one or more Designated Person Persons or by a Sanctioned Country; (iii) is located, organized or resident in a Sanctioned Country, in each case in violation of Sanctions; or (iv) is (or, except as disclosed in writing to the Administrative Agent prior to the Effective Date, has, to the Company’s knowledge, within the year preceding the Effective Date) directly or, to the Company’s knowledge, indirectly engaged in, any dealings or transactions, in each case in violation of any Sanctions, (1) with any Designated Person or (2) in any Sanctioned Country to the extent that after giving effect to such dealings or transactions the Company and its Subsidiaries have more than 5% of their consolidated assets in Sanctioned Countries or derive more than 5% of their consolidated revenues from investments in, or transactions with, Sanctioned Countries.