Common use of Sanctioned Persons Clause in Contracts

Sanctioned Persons. None of the Borrower or any Restricted Subsidiary nor, to the knowledge of the Borrower, any director, officer or employee of the Borrower or any Restricted Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Borrower will not directly, or to its knowledge, indirectly use the proceeds of the Initial Term Loans, Tranche B Term Loans, Tranche C Term Loans, Tranche D Term Loans or, Tranche E Term Loans or Tranche F Term Loans for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC.

Appears in 2 contracts

Samples: Credit Agreement (Warner Music Group Corp.), Credit Agreement (Warner Music Group Corp.)

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Sanctioned Persons. None of the Borrower or any Restricted Subsidiary nor, to the knowledge of the Borrower, any director, officer or employee of the Borrower or any Restricted Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Borrower will not directly, or to its knowledge, indirectly use the proceeds of the Initial Term Loans, Tranche B Term Loans, Tranche C Term Loans, Tranche D Term Loans orLoans, Tranche E Term Loans, Tranche F Term Loans, Tranche G Term Loans or Tranche F H Term Loans for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC.

Appears in 2 contracts

Samples: Credit Agreement (Warner Music Group Corp.), Credit Agreement (Warner Music Group Corp.)

Sanctioned Persons. None of the Borrower or any Restricted Subsidiary nor, to the knowledge of the Borrower, any director, officer or employee of the Borrower or any Restricted Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Borrower will not directly, or to its knowledge, indirectly use the proceeds of the Initial Term Loans, Tranche B Term Loans, Tranche C Term LoansLoans or, Tranche D Term Loans or, or Tranche E Term Loans or Tranche F Term Loans for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC.

Appears in 2 contracts

Samples: Credit Agreement (Warner Music Group Corp.), Credit Agreement (Warner Music Group Corp.)

Sanctioned Persons. None of the Borrower or any Restricted Subsidiary nor, to the knowledge of the Borrower, any director, officer or employee of the Borrower or any Restricted Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Borrower will not directly, or to its knowledge, indirectly use the proceeds of the Initial Term Loans, Tranche B Term Loans, Tranche C Term Loans, Tranche D Term Loans, Tranche E Term Loans, Tranche F Term Loans, Tranche G Term Loans or, Tranche E H Term Loans or Tranche F I Term Loans for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC.

Appears in 1 contract

Samples: Credit Agreement (Warner Music Group Corp.)

Sanctioned Persons. None of the Borrower or any Restricted Subsidiary nor, to the knowledge of the Borrower, any director, officer or employee of the Borrower or any Restricted Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Borrower will not directly, or to its knowledge, indirectly use the proceeds of the Initial Term Loans, Tranche B Term Loans, Tranche C Term Loans, Tranche D Term Loans orLoans, Tranche E Term Loans or, Tranche F Term Loans or Tranche F G Term Loans for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC.

Appears in 1 contract

Samples: Credit Agreement (Warner Music Group Corp.)

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Sanctioned Persons. None of the Borrower or any Restricted Subsidiary nor, to the knowledge of the Borrower, any director, officer or employee of the Borrower or any Restricted Subsidiary is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Borrower will not directly, or to its knowledge, indirectly use the proceeds of the Initial Term Loans, Tranche B Term Loans, Tranche C Term Loans, Tranche D Term Loans, Tranche E Term Loans, Tranche F Term Loans or, Tranche E G Term Loans or Tranche F H Term Loans for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC.

Appears in 1 contract

Samples: Credit Agreement (Warner Music Group Corp.)

Sanctioned Persons. None of the Borrower or any Restricted Subsidiary nor, to the knowledge of the Borrower, any director, officer or employee of the Borrower or any Restricted Subsidiary is currently subject to any U.S. sanctions administered by the Office of 10023685561003003016v52 #8894688589588927v75 Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Borrower will not directly, or to its knowledge, indirectly use the proceeds of the Initial Term Loans, Tranche B Term LoansLoans or, Tranche C Term Loans, Tranche D Term Loans or, Tranche E Term Loans or Tranche F D Term Loans for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC.

Appears in 1 contract

Samples: Credit Agreement (Warner Music Group Corp.)

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