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

OFAC; Anti-Terrorism Laws. (a) Neither the Company nor any Subsidiary (i) is a Sanctioned Person, (ii) has assets in Sanctioned Countries, or (iii) derives any operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Loan hereunder will be used directly or, to the Company’s knowledge indirectly to fund any operations in, finance any investments or activities in or make any payments to a Sanctioned Person or a Sanctioned Country.

Appears in 2 contracts

Samples: Assignment Agreement (Mdu Resources Group Inc), Credit Agreement (Mdu Resources Group Inc)

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OFAC; Anti-Terrorism Laws. (ai) Neither the Company Borrower nor any Subsidiary (i) is a Sanctioned Person, (ii) has assets in Sanctioned Countries, or (iii) derives any operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Loan hereunder will be used directly or, to the Company’s knowledge or indirectly to fund any operations in, finance any investments or activities in or make any payments to to, a Sanctioned Person or a Sanctioned Country.

Appears in 1 contract

Samples: Credit Agreement (Proassurance Corp)

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OFAC; Anti-Terrorism Laws. (a) Neither the Company nor any Subsidiary (i) is a Sanctioned Person, (ii) has assets in Sanctioned Countries, or (iii) derives any operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. No part of Loan, nor the proceeds of from any Loan hereunder Loan, have been or will be used used, directly oror indirectly, to the Company’s knowledge indirectly lend, contribute, provide or has otherwise been made available to fund any operations inactivity or business of any Sanctioned Person, finance or in any investments or activities other manner that will result in or make any payments to a Sanctioned violation by any Person or a Sanctioned Country(including any Lender) of OFAC.

Appears in 1 contract

Samples: Credit Agreement (Grainger W W Inc)

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