Common use of Sanctions Laws Clause in Contracts

Sanctions Laws. (a) The Borrower and its directors, officers, and employees are not, and to the knowledge of the Borrower, none of its other Affiliates or brokers or other agent of any loan party acting or benefiting in any capacity in connection with the Loans is any of the following (each, a “Sanctioned Person”): (i) a Person with whom dealings are prohibited or restricted under any Sanctions, including without limitation a Person that is named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control (“OFAC”) at its official website, or any replacement website or other replacement official publication of such list, or similarly named on any other applicable list of Persons subject to Sanctions, or a Person that is subject to Sanctions as a result of any relationship of ownership or control with any such Persons otherwise described in this Section 4.23(a)(i); or (ii) a Person that derives more than 10% of its annual revenue from investments in or transactions with any Person described in this Section 4.23(a)(i). (b) The Borrower, and, to the knowledge of the Borrower and its directors, officers and employees, each of the Borrower’s Affiliates, brokers, and other agents acting on its behalf are in compliance with Sanctions. (c) Further, none of the proceeds from the Loans shall be used to finance or facilitate, directly or knowingly indirectly, any transaction with, investment in, or any dealing with or for the benefit of a Sanctioned Person or in any manner, in each case, that results in a violation of Sanctions by any party to this Agreement.

Sanctions Laws. (a) The Borrower and its directors, officers, and employees are not, and to the knowledge best of its knowledge, none of the Borrower, none of its ’s other Affiliates or brokers or other agent of any loan party acting or benefiting in any capacity in connection with the Loans is any of the following (each, a “Sanctioned Person”): (i) a Person with whom dealings are prohibited or restricted under any Sanctions, including without limitation a Person that is named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control (“OFAC”) at its official website, website or any replacement website or other replacement official publication of such list, the European Union, His Majesty’s Treasury or similarly named on any other applicable list of Persons subject to Sanctions, Sanctions or a Person that is subject to Sanctions as a result of any relationship of ownership or control with any such Persons otherwise Person described in this Section 4.23(a)(i); or (ii) a Person that derives more than 10% of its annual revenue from investments in or transactions with any Person described in this Section 4.23(a)(i). (b) The Borrower, and, to the knowledge of the Borrower and its directors, officers and employeesBorrower, each of the Borrower’s Affiliates, brokers, and other agents acting on its behalf are in compliance with Sanctions. (c) Further, none of the proceeds from the Loans shall be used to finance or facilitate, directly or knowingly indirectly, any transaction with, investment in, or any dealing with or for the benefit of a Sanctioned Person or in any manner, in each case, that results in a violation of Sanctions by any party to this Agreement[Reserved].

Sanctions Laws. (a) The Borrower and its directors, officers, and employees are not, and to the knowledge of the Borrower, none of its other Affiliates or brokers or other agent of any loan party acting or benefiting in any capacity in connection with the Loans is any of the following (each, a “Sanctioned Person”): (i) a Person with whom dealings are prohibited or restricted under any Sanctions, including without limitation a Person that is named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control (“OFAC”) at its official website, website or any replacement website or other replacement official publication of such list, list or similarly named on any other applicable list of Persons subject to Sanctions, Sanctions or a Person that is subject to Sanctions as a result of any relationship of ownership or control with any such Persons otherwise Person described in this Section 4.23(a)(i); or (ii) a Person that derives more than 10% of its annual revenue from investments in or transactions with any Person described in this Section 4.23(a)(i). (b) The Borrower, and, to the knowledge of the Borrower and its directors, officers and employeesBorrower, each of the Borrower’s Affiliates, brokers, and other agents acting on its behalf are in compliance with Sanctions. (c) Further, none of the proceeds from the Loans shall be used to finance or facilitate, directly or knowingly indirectly, any transaction with, investment in, or any dealing with or for the benefit of a Sanctioned Person or in any manner, in each case, that results in a violation of Sanctions by any party to this Agreement.