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

Sanctions; Anti-Corruption Laws; and Anti-Money Laundering Laws. None of the Credit Parties, the Manager, or any Person directly or indirectly controlling a Credit Party, and (to such Credit Party’s actual knowledge) no Person directly or indirectly controlled by a Credit Party, is a Restricted Party or has received notice of or is aware of any claim, action, suit, proceeding or investigation against it with respect to Sanctions by any Sanctions Authority. To such Credit Party’s actual knowledge, the Feeder’s funds used in connection with this transaction are not derived from illegal activities. Each Credit Party, the Manager, and each Person directly or indirectly controlling a Credit Party, and (to such Credit Party’s actual knowledge), each Person directly or indirectly controlled by a Credit Party (a) is in compliance with all Sanctions, Anti-Corruption Laws, and Anti-Money Laundering Laws, (b) has policies and procedures in place which are reasonably designed to comply with all Sanctions, Anti-Corruption Laws, and Anti-Money Laundering Laws, and (c) will not fund any repayment of the Obligations with proceeds derived from any transaction that would either be prohibited by Sanctions, Anti-Corruption Laws, or Anti-Money Laundering Laws or that would otherwise cause any party to this Credit Agreement to be in violation of any Sanctions, Anti-Corruption Laws, or Anti-Money Laundering Laws.

Appears in 4 contracts

Samples: Revolving Credit Agreement (T Series Middle Market Loan Fund LLC), Revolving Credit Agreement (T Series Middle Market Loan Fund LLC), Revolving Credit Agreement (T Series Middle Market Loan Fund LLC)

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