Common use of OFAC and Patriot Act Clause in Contracts

OFAC and Patriot Act. (a) None of Parent, any of its Subsidiaries, or any of Parent’s or any of its Subsidiaries’ directors or officers, nor, to the knowledge of Parent or any of its Subsidiaries, any employees acting in his/her capacity as such of Parent or any of Parent’s Subsidiaries, is (i) the subject of Sanctions or controlled by someone who is the subject of Sanctions or (ii) in violation of any applicable requirement of Law relating to Sanctions. (b) None of Parent and its Subsidiaries is organized or resident in a country, region or territory that is the subject of Sanctions. (c) Parent and each of its Subsidiaries, and to Parent’s knowledge, Parent’s and Parent’s Subsidiaries’ employees is in compliance with the United and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56 (the “USA Patriot Act”); anti-money laundering statutes; and Sanctions, and have instituted and maintain policies and procedures designed to effect, and which are reasonably expected to continue to effect, continued compliance in all material respects therewith.