Common use of PATRIOT Act; OFAC and Other Regulations Clause in Contracts

PATRIOT Act; OFAC and Other Regulations. (a) Neither the Borrower, nor any of its Subsidiaries nor any of the Affiliates or respective officers, directors, brokers or agents of the Borrower, such Subsidiary or Affiliate: (i) has violated any Anti-terrorism Laws; or (ii) has engaged in any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of prohibited offenses designated by the Organization for Economic Co-operation and Development's Financial Action Task Force on Money Laundering. (b) Neither the Borrower, nor any of its Subsidiaries nor any of the Affiliates or respective officers, directors, brokers or agents of the Borrower, such Subsidiary or Affiliate that is acting or benefiting in any capacity in connection with the Loans is a Blocked Person. (c) Neither the Borrower, nor any of its Subsidiaries nor any of the Affiliates or respective officers, directors, brokers or agents of the Borrower, such Subsidiary or Affiliate acting or benefiting in any capacity in connection with the Loans: (i) conducts any business or engages in making or receiving any contribution of goods, services or money to or for the benefit of any Blocked Person; (ii) deals in, or otherwise engages in any transaction related to, any property or interests in property blocked pursuant to any Anti-terrorism Law; or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-terrorism Law.

Appears in 3 contracts

Samples: Loan Agreement (Gas Natural Inc.), Loan Agreement (Gas Natural Inc.), Loan Agreement (Gas Natural Inc.)

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PATRIOT Act; OFAC and Other Regulations. (a) Neither the BorrowerNo Borrower Party, nor any of its Subsidiaries nor Subsidiaries, or any of the Affiliates or respective officers, directors, brokers or agents of the Borrowersuch Borrower Party, such Subsidiary Subsidiary, or Affiliate: (i) has violated any Anti-terrorism Laws; or (ii) has engaged in any transaction, investment, undertaking undertaking, or activity that conceals the identity, source source, or destination of the proceeds from any category of prohibited offenses designated by the Organization for Economic Co-operation and Development's ’s Financial Action Task Force on Money Laundering. (b) Neither the BorrowerNo Borrower Party, nor any of its Subsidiaries nor Subsidiaries, or any of the Affiliates or respective officers, directors, brokers brokers, or agents of the Borrowersuch Borrower Party, such Subsidiary Subsidiary, or Affiliate that is acting or benefiting in any capacity in connection with the Loans Loan is a Blocked Person. (c) Neither the BorrowerNo Borrower Party, nor any of its Subsidiaries nor Subsidiaries, or any of the Affiliates or respective officers, directors, brokers brokers, or agents of the Borrowersuch Borrower Party, such Subsidiary Subsidiary, or Affiliate acting or benefiting in any capacity in connection with the LoansLoan: (i) conducts any business or engages in making or receiving any contribution of goods, services services, or money to or for the benefit of any Blocked Person; (ii) deals in, or otherwise engages in any transaction related to, any property or interests in property blocked pursuant to any Anti-terrorism Law; or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-terrorism Law.

Appears in 1 contract

Samples: Senior Secured Loan Agreement (Athena Bitcoin Global)

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PATRIOT Act; OFAC and Other Regulations. (a) Neither the BorrowerNo Loan Party, nor any of its Subsidiaries nor Subsidiaries, or any of the Affiliates or respective officers, directors, brokers or agents of the Borrowersuch Loan Party, such Subsidiary Subsidiary, or Affiliate: (i) has violated any Anti-terrorism Laws; or (ii) has engaged in any transaction, investment, undertaking undertaking, or activity that conceals the identity, source source, or destination of the proceeds from any category of prohibited offenses designated by the Organization for Economic Co-operation and Development's Financial Action Task Force on Money Laundering. (b) Neither the BorrowerNo Loan Party, nor any of its Subsidiaries nor Subsidiaries, or any of the Affiliates or respective officers, directors, brokers brokers, or agents of the Borrowersuch Loan Party, such Subsidiary Subsidiary, or Affiliate that is acting or benefiting in any capacity in connection with the Loans Loan is a Blocked Person. (c) Neither the BorrowerNo Loan Party, nor any of its Subsidiaries nor Subsidiaries, or any of the Affiliates or respective officers, directors, brokers brokers, or agents of the Borrowersuch Loan Party, such Subsidiary Subsidiary, or Affiliate acting or benefiting in any capacity in connection with the LoansLoan: (i) conducts any business or engages in making or receiving any contribution of goods, services services, or money to or for the benefit of any Blocked Person; (ii) deals in, or otherwise engages in any transaction related to, any property or interests in property blocked pursuant to any Anti-terrorism Law; or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-terrorism Law. ARTICLE VI AFFIRMATIVE COVENANTS

Appears in 1 contract

Samples: Loan Agreement (Air T Inc)

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