Common use of Specially Designated Nationals; Blocked Persons; Embargoed Persons Clause in Contracts

Specially Designated Nationals; Blocked Persons; Embargoed Persons. (A) Tenant represents and warrants to Landlord, and Landlord hereby represents and warrants to Tenant, each with respect to itself, that (a) such party and each person or entity directly or indirectly owning an interest in such party is (i) not currently identified on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control of the Department of the Treasury ("OFAC") and/or on any other similar list maintained by OFAC pursuant to any authorizing statute, executive order or regulation (collectively, the "List"), and (ii) not a person or entity with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition of United States law, regulation, or Executive Order of the President of the United States, (b) none of the funds or other assets of such party constitute property of, or are beneficially owned, directly or indirectly, by, any Embargoed Person, (c) no Embargoed Person has any interest of any nature whatsoever in such party (whether directly or indirectly) and (d) none of the funds of such party have been derived from any unlawful activity with the result that the investment in Tenant is prohibited by Requirements or that this Lease is in violation of Requirements. The foregoing representations and warranties of Landlord and Tenant shall not apply to, and Landlord and Tenant make no representations or warranties with respect to, any holder of a direct or indirect interest in a publicly-traded company whose shares are listed and traded on a recognized stock exchange. The term "Embargoed Person" means any person, entity or government subject to trade restrictions under U.S. law, including but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder with the result that the investment in Tenant is prohibited by Requirements or Tenant is in violation of Requirements.

Appears in 1 contract

Samples: Lease (Clear Secure, Inc.)

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Specially Designated Nationals; Blocked Persons; Embargoed Persons. (A) a. Tenant represents and warrants to Landlord, and Landlord hereby represents and warrants to Tenant, each with respect to itself, that (aA) such party and each person or entity directly or indirectly owning an interest in such party Tenant is (i) not currently identified on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control of the Department of the Treasury ("OFAC") and/or on any other similar list maintained by OFAC pursuant to any authorizing statute, executive order or regulation (collectively, the "List"), and (ii) not a person or an entity with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition of United States law, regulation, or Executive Order of the President of the United States, (bB) none of the funds or other assets of such party Tenant (for the avoidance of doubt, other than publicly traded stock) constitute property of, or are beneficially owned, directly or indirectly, by, any Embargoed Person, Person (cC) no Embargoed Person has any interest other than proceeds of any nature whatsoever in such party (whether directly or indirectly) and (d) publicly traded stock, none of the funds of such party Tenant have been derived from any unlawful activity with the result that the investment in Tenant is prohibited by Requirements law or that this the Lease is in violation of Requirements. The foregoing representations and warranties of Landlord and Tenant shall not apply tolaw, and Landlord (D) Tenant has implemented procedures, and Tenant make no representations or warranties will apply those procedures, to ensure its compliance with respect to, any holder of a direct or indirect interest in a publicly-traded company whose shares are listed and traded on a recognized stock exchangeOFAC. The term "Embargoed Person" means any person, entity or government subject to trade restrictions under U.S. law, including but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder with the result that the investment in Tenant is prohibited by Requirements law or Tenant is in violation of Requirementslaw.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Axcelis Technologies Inc)

Specially Designated Nationals; Blocked Persons; Embargoed Persons. (A) Tenant represents and warrants to Landlord, and Landlord hereby represents and warrants to Tenant, each with respect to itself, that (a) such party and Tenant and, to Tenant’s knowledge, each person or entity directly or indirectly owning an interest in such party Tenant is (i) not currently identified on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control of the Department of the Treasury ("OFAC") and/or on any other similar list maintained by OFAC pursuant to any authorizing statute, executive order or regulation (collectively, the "List"), and (ii) not a person or entity with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition of United States law, regulation, or Executive Order of the President of the United States, (b) none of the funds or other assets of such party Tenant constitute property of, or are beneficially owned, directly or indirectly, by, any Embargoed Person, (c) no Embargoed Person has any interest of any nature whatsoever in such party Tenant (whether directly or indirectly) and ), (d) none of the funds of such party Tenant have been derived from any unlawful activity with the result that the investment in Tenant is prohibited by Requirements or that this Lease is in violation of Requirements. The , and (e) Tenant has implemented procedures, and will consistently apply those procedures, to ensure the foregoing representations and warranties of Landlord remain true and Tenant shall not apply to, and Landlord and Tenant make no representations or warranties with respect to, any holder of a direct or indirect interest in a publicly-traded company whose shares are listed and traded on a recognized stock exchangecorrect at all times. The term "Embargoed Person" means any person, entity or government subject to trade restrictions under U.S. law, including but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder with the result that the investment in Tenant is prohibited by Requirements or Tenant is in violation of Requirements.

Appears in 1 contract

Samples: Lease Agreement (fuboTV Inc. /FL)

Specially Designated Nationals; Blocked Persons; Embargoed Persons. (A) Tenant represents and warrants to Landlord, and Landlord hereby represents and warrants to Tenant, each with respect to itself, that (a) such party and Tenant and, to Tenant’s actual knowledge, without independent inquiry, each person or entity directly or indirectly owning an interest in such party Tenant is (i) not currently identified on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control of the Department of the Treasury ("OFAC") and/or on any other similar list maintained by OFAC pursuant to any authorizing statute, executive order or regulation (collectively, the "List"), and (ii) not a person or entity with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition of United States law, regulation, or Executive Order of the President of the United States, (b) to Tenant’s actual knowledge, without independent inquiry, none of the funds or other assets of such party Tenant constitute property of, or are beneficially owned, directly or indirectly, by, any Embargoed Person, (c) no Embargoed Person has any interest of any nature whatsoever in such party Tenant (whether directly or indirectly) and ), (d) none of the funds of such party Tenant have been derived from any unlawful activity with the result that the investment in Tenant is prohibited by Requirements or that this Lease is in violation of Requirements. The , and (e) Tenant has implemented procedures, and will consistently apply those procedures, to ensure the foregoing representations and warranties of Landlord remain true and Tenant shall not apply to, and Landlord and Tenant make no representations or warranties with respect to, any holder of a direct or indirect interest in a publicly-traded company whose shares are listed and traded on a recognized stock exchangecorrect at all times. The term "Embargoed Person" means any person, entity or government subject to trade restrictions under U.S. law, including but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder with the result that the investment in Tenant is prohibited by Requirements law or Tenant is in violation of Requirements.

Appears in 1 contract

Samples: Lease (Riverbed Technology, Inc.)

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Specially Designated Nationals; Blocked Persons; Embargoed Persons. (Aa) Tenant represents and warrants to Landlord, and Landlord hereby represents and warrants to Tenant, each with respect to itself, that (aA) such party and each person or entity directly or indirectly owning an interest in such party Tenant is (i) not currently identified on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control of the Department of the Treasury ("OFAC") and/or on any other similar list maintained by OFAC pursuant to any authorizing statute, executive order or regulation (collectively, the "List"), and (ii) not a person or an entity with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition of United States law, regulation, or Executive Order of the President of the United States, (bB) none of the funds or other assets of such party Tenant (for the avoidance of doubt, other than publicly traded stock) constitute property of, or are beneficially owned, directly or indirectly, by, any Embargoed Person, Person (cC) no Embargoed Person has any interest other than proceeds of any nature whatsoever in such party (whether directly or indirectly) and (d) publicly traded stock, none of the funds of such party Tenant have been derived from any unlawful activity with the result that the investment in Tenant is prohibited by Requirements law or that this the Lease is in violation of Requirements. The foregoing representations and warranties of Landlord and Tenant shall not apply tolaw, and Landlord (D) Tenant has implemented procedures, and Tenant make no representations or warranties will apply those procedures, to ensure its compliance with respect to, any holder of a direct or indirect interest in a publicly-traded company whose shares are listed and traded on a recognized stock exchangeOFAC. The term "Embargoed Person" means any person, entity or government subject to trade restrictions under U.S. law, including but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder with the result that the investment in Tenant is prohibited by Requirements law or Tenant is in violation of Requirementslaw.

Appears in 1 contract

Samples: Lease Agreement (Axcelis Technologies Inc)

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