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

OFAC; Anti-Corruption Laws. (a) Neither the Borrower, nor any of its Subsidiaries, nor, to the knowledge of the Borrower, any director, officer, employee or agent thereof, is an individual or entity that is or is owned or controlled by any individual or entity that is (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals or (iii) located, organized or resident in a Designated Jurisdiction.

OFAC; Anti-Corruption Laws. (a) Neither the Borrower, nor any of its Subsidiaries, Borrower nor, to the knowledge of the Borrower, any director, officer, agent, employee or agent thereof, controlled affiliate is an individual or entity that is or is owned or controlled by any individual or entity that is (i) currently the subject or target of any Sanctions. (b) The Borrower has conducted its businesses in compliance in all material respects with the United States Foreign Corrupt Practices Act of 1977 and other similar anti-corruption legislation in other jurisdictions applicable to the Borrower, (ii) included on OFAC’s List of Specially Designated Nationals or (iii) located, organized or resident in a Designated Jurisdictionand has instituted and maintained policies and procedures designed to promote and achieve compliance with such laws.