Common use of OFAC Compliance Clause in Contracts

OFAC Compliance. (i) The Borrower shall not:‌ (A) violate (1) any applicable Anti-Money Laundering Laws, (2) any applicable Sanctions, (3) any applicable Anti-Corruption Laws or (4) any applicable anti-drug trafficking or anti-terrorism laws, civil or criminal; (B) use the proceeds of the TIFIA Loan for purposes other than those permitted by applicable law and as otherwise permitted under this Agreement, the other Related Documents and the Principal Project Contracts; or (C) make a payment, directly or indirectly, to any Principal Project Party that, to the Borrower’s knowledge, has violated any of the laws referenced in Section 16(n)(i) (OFAC Compliance) or that is a Sanctioned Person. (ii) The Borrower shall procure that each of its directors, officers, employees, and agents, shall not, directly or indirectly, use the proceeds of the TIFIA Loan or lend to, make any payment to, contribute or otherwise make available any funds to any affiliate, joint venture partner or other Person (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any applicable Anti-Corruption Laws, (B) in any manner that would result in the violation of any applicable Anti-Money Laundering Laws,

OFAC Compliance. (i) The Borrower shall not:‌ (A) violate (1) any applicable Anti-Money Laundering Laws, (2) any applicable Sanctions, (3) any applicable Anti-Corruption Laws or (4) any applicable anti-drug trafficking or anti-terrorism laws, civil or criminal; (B) use the proceeds of the TIFIA RRIF Loan for purposes other than those permitted by applicable law and as otherwise permitted under this Agreement, the other Related Documents and the Principal Project Contracts; or (C) make a payment, directly or indirectly, to any Principal Project Party that, to the Borrower’s knowledge, has violated any of the laws referenced in Section 16(n)(i) (OFAC Compliance) or that is a Sanctioned Person. (ii) The Borrower shall procure that each of its directors, officers, employees, and agents, shall not, directly or indirectly, use the proceeds of the TIFIA RRIF Loan or lend to, make any payment to, contribute or otherwise make available any funds to any affiliate, joint venture partner or other Person (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any applicable Anti-Corruption Laws, (B) in any manner that would result in the violation of any applicable Anti-Money Laundering Laws,

OFAC Compliance. (i) The Borrower shall not:‌not: (A) violate (1) any applicable Anti-Money Laundering Laws, (2) any applicable Sanctions, (3) any applicable Anti-Corruption Laws or (4) any applicable anti-drug trafficking or anti-terrorism laws, civil or criminal; (B) use the proceeds of the TIFIA Loan for purposes other than those permitted by applicable law and as otherwise permitted under this Agreement, the other Related Documents and the Principal Project Construction-Related Contracts; or (C) make a payment, directly or indirectly, to any Principal Project Construction- Related Contract Party that, to the Borrower’s knowledge, that has violated any of the laws referenced in Section 16(n)(i16(h)(i) (OFAC Compliance) or that is a Sanctioned Person. (ii) The Borrower shall procure that each of its directors, officers, employees, and agents, shall not, directly or indirectly, use the proceeds of the TIFIA Loan or lend to, make any payment to, contribute or otherwise make available any funds to any affiliate, joint venture partner or other Person (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any applicable Anti-Corruption Laws, (B) in any manner that would result in the violation of any applicable Anti-Money Laundering Laws,, (C) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (D) in any other manner that would result in the violation of any Sanctions by any Person (including the Executive Director, the XXXXX Xxxxxx, or a Construction-Related Contract Party).