Common use of OFAC; Foreign Corrupt Practices Act Clause in Contracts

OFAC; Foreign Corrupt Practices Act. (a) Neither any Loan Party nor any of its Subsidiaries or Affiliates (including Unrestricted Subsidiaries) (i) is a Sanctioned Person, (ii) has any of its assets in Sanctioned Countries, or (iii) derives any of its operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. The Loan Parties and the Unrestricted Subsidiaries and their respective directors, officers and employees and, to the knowledge of the Borrower, the agents of the Loan Parties and the Unrestricted Subsidiaries, are in compliance with applicable Anti-Corruption Laws and applicable Sanctions in all material respects and the Borrower and its Subsidiaries and Unrestricted Subsidiaries have instituted and maintain policies and procedures designed to ensure continued compliance therewith.