Common use of OFAC Sanctions Clause in Contracts

OFAC Sanctions. The Company is not nor, to the knowledge of the Company, is any director, officer, agent, employee or affiliate of the Company currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Company will not directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

OFAC Sanctions. The Company is not Neither the Company, nor any of its Subsidiaries, nor any director or officer thereof, nor, to the knowledge of any Responsible Officer of the Company, is any director, officer, agent, employee or affiliate of the Company currently subject to or any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Company will not directly its Subsidiaries, is an individual or indirectly use the proceeds of the offeringentity that is, or lend, contribute is owned or otherwise make available such proceeds to controlled by any subsidiary, joint venture partner individual or other person entity that is (i) the subject or entity, for the purpose of financing the activities target of any person currently subject to any U.S. sanctions administered by OFACSanctions or (ii) located, organized or resident in a Designated Jurisdiction. The Company and its Subsidiaries are in compliance with all applicable Sanctions in all material respects.