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

OFAC; Anti-Corruption Laws. (a) Neither the Borrower nor, to the knowledge of the Borrower, any director, officer, agent, employee or controlled affiliate is an individual or entity 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, and has instituted and maintained policies and procedures designed to promote and achieve compliance with such laws.

OFAC; Anti-Corruption Laws. (a) Neither the Borrower nor, to the knowledge of the No Borrower, any Subsidiary, or director, officer, or employee, or, to Borrower’s knowledge, agent, employee affiliate or representative thereof, is or is owned or controlled affiliate is by an individual or entity that is currently the subject or target of any Sanctions. (b) The Sanction or is located, organized or resident in a country, territory or jurisdiction that is the subject of a Sanction. Each Borrower and Subsidiary has conducted its businesses business in compliance in with all material respects with the United States Foreign Corrupt Practices Act of 1977 and other similar antiapplicable Anti-corruption legislation in other jurisdictions applicable to the Borrower, and has instituted and maintained policies and procedures designed to promote and achieve compliance with such lawsCorruption Laws.