U.S. Patriot Act. Borrower covenants to Lender that if Borrower becomes aware that it or any of its Affiliates is identified on any Blocked Persons List (as identified in Section 7.29 hereof), Borrower shall immediately notify Lender in writing of such information. Borrower further agrees that in the event any of them or any Affiliate is at any time identified on any Blocked Persons List, such event shall be an Event of Default, and shall entitle Lender to exercise any and all remedies provided in any Financing Agreements or otherwise permitted by Law. In addition, Lender may immediately contact the Office of Foreign Assets Control and any other government agency Lender deem appropriate in order to comply with its obligations under any Law regulating or relating to terrorism and international money laundering.
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Samples: Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.)
U.S. Patriot Act. Borrower covenants to Lender that if Borrower becomes aware that it or any of its Affiliates is identified on any Blocked Persons List (as identified in Section 7.29 hereof), Borrower shall immediately notify Lender in writing of such information. Borrower further agrees that in the event any of them or any Affiliate is at any time identified on any Blocked Persons List, such event shall be an Event of Default, and shall entitle Lender to exercise any and all remedies provided in any Financing Agreements or otherwise permitted by Lawlaw. In addition, Lender may immediately contact the Office of Foreign Assets Control and any other government agency Lender deem deems appropriate in order to comply with its obligations under any Law law, regulation, order or decree regulating or relating to terrorism and international money laundering.
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Samples: Loan and Security Agreement (Advocat Inc), Loan and Security Agreement (Advocat Inc)
U.S. Patriot Act. Borrower covenants to Lender that if Borrower becomes aware that it or any of its Affiliates is identified on any Blocked Persons List (as identified in Section 7.29 7.32 hereof), Borrower shall immediately notify Lender in writing of such information. Borrower further agrees that in the event any of them or any Affiliate is at any time identified on any Blocked Persons List, such event shall be an Event of Default, and shall entitle Lender to exercise any and all remedies provided in any Financing Agreements or otherwise permitted by Lawlaw. In addition, Lender may immediately contact the Office of Foreign Assets Control and any other government agency Lender deem deems appropriate in order to comply with its obligations under any Law law, regulation, order or decree regulating or relating to terrorism and international money laundering.
Appears in 1 contract
Samples: Loan and Security Agreement (Tandem Health Care, Inc.)
U.S. Patriot Act. Borrower covenants to Lender Agent that if Borrower becomes aware that it any Credit Party or any of its respective Affiliates is identified on any Blocked Persons List (as identified in Section 7.29 hereof), Borrower shall immediately notify Lender Agent in writing of such information. Borrower further agrees that in the event any of them that it or any Affiliate is at any time identified on any Blocked Persons List, such event shall be an Event of Default, and shall entitle Lender Agent to exercise any and all remedies provided in any Financing Agreements or otherwise permitted by Law. In addition, Lender in response to any such notice Agent may immediately contact the Office of Foreign Assets Control and any other government agency Lender deem Governmental Authority Agent deems appropriate in order to comply with its obligations under any Law Law, regulation, order or decree regulating or relating to terrorism and international money laundering.
Appears in 1 contract
Samples: Mezzanine Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
U.S. Patriot Act. (a) Borrower covenants to Lender that if Borrower becomes aware that it or any of its Affiliates is identified on any Blocked Persons List (as identified in Section 7.29 hereof)List, Borrower shall immediately notify Lender in writing of such information. Borrower further agrees that in the event any of them or any Affiliate is at any time identified on any Blocked Persons List, such event shall be an Event of Default, and shall entitle Lender to exercise any and all remedies provided in any Financing Agreements or otherwise permitted by Lawlaw. In addition, Lender may immediately contact the Office of Foreign Assets Control and any other government agency Lender deem deems appropriate in order to comply with its obligations under any Law law, regulation, order or decree regulating or relating to terrorism and international money laundering.
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