Common use of Sanctions Concerns Clause in Contracts

Sanctions Concerns. Neither the Borrower, nor any of its Subsidiaries, nor, to the knowledge of the Borrower and its Subsidiaries, any director, officer, employee, agent, Affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by one or more individuals or entities that are (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals or HMT’s Consolidated List of Financial Sanctions Targets, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction. The Borrower and its Subsidiaries have conducted their businesses in compliance with all applicable Sanctions and have instituted and maintained policies and procedures designed to promote and achieve compliance with such Sanctions.

Sanctions Concerns. Neither the BorrowerNo Loan Party, nor any of its SubsidiariesSubsidiary, nor, to the knowledge of the Borrower Loan Parties and its their Subsidiaries, any director, officer, employee, agent, Affiliate affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by (in each case, directly or indirectly) by, or is otherwise acting on behalf of, one or more individuals or entities that are (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals or HMT’s Consolidated List of Financial Sanctions Targets, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction. The Borrower and its Subsidiaries have conducted their businesses in compliance in all material respects with all applicable Sanctions and have instituted and maintained policies and procedures designed to promote and achieve compliance with such Sanctions.

Sanctions Concerns. Neither the Borrower, nor any of its SubsidiariesSubsidiary, nor, to the knowledge of the Borrower and its Subsidiaries, any director, officer, employee, agent, Affiliate affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by one or more individuals or entities that are (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals or HMT’s Consolidated List of Financial Sanctions Targets, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction. The Borrower and its Subsidiaries have conducted their businesses in compliance with all applicable Sanctions and have instituted and maintained policies and procedures designed to promote and achieve compliance with such Sanctions.

Sanctions Concerns. Neither the BorrowerNo Loan Party, nor any of its SubsidiariesSubsidiary, nor, to the knowledge of the Borrower Loan Parties and its their Subsidiaries, any director, officer, employee, agent, Affiliate affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by one any individual or more individuals or entities entity that are is (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals or Nationals, HMT’s Consolidated List of Financial Sanctions TargetsTargets and the Investment Ban List, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction. The Borrower Borrowers and its their respective Subsidiaries (i) conduct their businesses in compliance in all material respects with all applicable Sanctions, (ii) during the period not barred by applicable statutes of limitation, have conducted their businesses in compliance in all material respects with all applicable Sanctions and (iii) have instituted and maintained policies and procedures reasonably designed to promote and achieve compliance with such all applicable Sanctions.