Common use of Sanctions; Anti-Corruption Laws and Anti-Money Laundering Laws Clause in Contracts

Sanctions; Anti-Corruption Laws and Anti-Money Laundering Laws. The Borrower and each Person directly or indirectly controlled by the Borrower shall comply with all applicable Sanctions, Anti-Corruption Laws and Anti-Money Laundering Laws and shall maintain policies and procedures (or be subject to policies and procedures maintained by its Affiliates or advisors) reasonably designed to ensure compliance therewith. The Borrower shall ensure that it does not use any of the proceeds of or fund the repayment of any Advance in violation of Sanctions, Anti-Corruption Laws or Anti-Money Laundering Laws. Neither the Borrower nor any Person directly or indirectly controlling the Borrower shall become a Sanctioned Person.

Appears in 4 contracts

Samples: Credit and Security Agreement (Diameter Credit Co), Credit and Security Agreement (Diameter Credit Co), Credit and Security Agreement (Apollo Debt Solutions BDC)

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Sanctions; Anti-Corruption Laws and Anti-Money Laundering Laws. The Borrower and each Person directly or indirectly controlled by the Borrower shall comply with all applicable Sanctions, Anti-Corruption Laws and Anti-Money Laundering Laws in all material respects and shall maintain policies and procedures (or be subject to policies and procedures maintained by its Affiliates or advisors) reasonably designed to ensure compliance therewith. The Borrower shall ensure that it does not use any of the proceeds of or fund the repayment of any Advance in violation of Sanctions, Anti-Corruption Laws or Anti-Money Laundering Laws. Neither the Borrower nor any Person directly or indirectly controlling the Borrower shall become a Sanctioned Person.

Appears in 2 contracts

Samples: Credit and Security Agreement (LGAM Private Credit LLC), Credit and Security Agreement (LGAM Private Credit LLC)

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