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

Sanctions; Anti-Money Laundering Laws and Anti-Corruption Laws. No Borrower Party nor any Affiliate thereof shall directly, or to its knowledge, indirectly, permit any part of the proceeds of any Loan to be used (i) to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Jurisdiction, (ii) in any other manner that would result in a violation of applicable Sanctions or Anti-Money Laundering Laws by a Person (including any Person participating in the Loans, whether as Administrative Agent, Lender, underwriter, advisor, investor, or otherwise) or (iii) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of Anti-Corruption Laws.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Carlyle Secured Lending III), Revolving Credit Agreement (Franklin BSP Capital Corp), Revolving Credit Agreement (Franklin BSP Capital Corp)

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Sanctions; Anti-Money Laundering Laws and Anti-Corruption Laws. No Borrower Party nor any Affiliate thereof shall directly, or to its knowledge, indirectly, permit any part of the proceeds of any Loan to be used (i) to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned JurisdictionJurisdiction in violation of any Sanctions, (ii) in any other manner that would result in a violation of applicable Sanctions or Anti-Money Laundering Laws by a Person (including any Person participating in the Loans, whether as Administrative Agent, Lender, underwriter, advisor, investor, or otherwise) or (iii) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of Anti-Corruption Laws.

Appears in 1 contract

Samples: Credit Agreement (AGTB Private BDC)

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