Common use of Sanctions; Anti-Corruption Clause in Contracts

Sanctions; Anti-Corruption. (a) None of any Loan Party, any of its Subsidiaries or, to the knowledge of any Loan Party, any director, officer, employee, agent, or affiliate of any Loan Party or any of its Subsidiaries is an individual or entity (“person”) that is, or is owned or controlled by persons that are: (i) the target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State, the United Nations Security Council, the European Union, His Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory that is the subject of Sanctions (including, currently, Crimea, the so-called Luhansk People’s Republic, the so-called Donetsk People’s Republic, Cuba, Iran, North Korea and Syria).

Appears in 2 contracts

Samples: Credit Agreement (Seaport Entertainment Group Inc.), Credit Agreement (Seaport Entertainment Group Inc.)

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Sanctions; Anti-Corruption. (a) None of any Loan Partythe Borrower, any of its Subsidiaries or, to the knowledge of any Loan Partythe Borrower, any director, officer, employee, agent, or affiliate of any Loan Party the Borrower or any of its Subsidiaries is an individual or entity (“person”) that is, or is owned or controlled by persons that are: (i) the target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State, the United Nations Security Council, the European Union, His Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory that is the subject of Sanctions (including, currently, Crimea, the so-called Luhansk People’s Republic, the so-called Donetsk People’s Republic, Cuba, Iran, North Korea and Syria).

Appears in 2 contracts

Samples: Credit Agreement (Istar Inc.), Credit Agreement (Star Holdings)

Sanctions; Anti-Corruption. (aA) None of Neither any Loan PartyBorrower Group Member, any of its Subsidiaries Subsidiaries, or any director, officer, or, to the knowledge Knowledge of any Loan Party, any director, officersuch Borrower Group Member, employee, agent, or affiliate Affiliate of any Loan Party such Borrower Group Member or any of its Subsidiaries is an individual or entity (“person”) a Person that is, or is owned or controlled Controlled by persons Persons that are: (i) the target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State, the United Nations Security Council, the European Union, Union or His Majesty’s Treasury, or other relevant sanctions authority Treasury (collectively, “Sanctions”), ) or (ii) located, organized or resident in a country or territory that is is, or whose government is, the subject of Sanctions (including, currently, Crimea, Iran, North Korea, Syria, Cuba, the so-called Donetsk People’s Republic and the so-called Luhansk People’s Republic, the so-called Donetsk People’s Republic, Cuba, Iran, North Korea and Syria).

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Contango ORE, Inc.)

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Sanctions; Anti-Corruption. (a) None of any Loan PartyODEC, any of its Subsidiaries or, to the knowledge of any Loan PartyODEC, any director, officer, employee, agent, or affiliate of any Loan Party ODEC or any of its Subsidiaries is an individual or entity (“person”) a Person that is, or is owned 50 percent or more, individually or in the aggregate, directly or indirectly, or controlled by persons Persons that are: (i) the subject or target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State, the United Nations Security Council, the European Union, His Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory that is the subject of comprehensive territorial Sanctions (including, currently, Crimea, the so-called Luhansk People’s Republic, the so-called Donetsk People’s Republic, Cuba, Iran, North Korea and Syria).

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Electric Cooperative)

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