Common use of Prohibited Transaction Clause in Contracts

Prohibited Transaction. To such TA Party’s actual knowledge, neither such TA Party nor any trustee, officer, agent, affiliate or person acting on behalf of such TA Party is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); provided, however, no representation is made with respect to any person, group, entity or nation that merely owns a publicly traded interest in TA LLC.

Appears in 5 contracts

Samples: Transaction Agreement (Hospitality Properties Trust), Transaction Agreement (Hospitality Properties Trust), Third Transaction Agreement (Travelcenters of America LLC)

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