Common use of USA PATRIOT Act, OFAC and Other Regulations Clause in Contracts

USA PATRIOT Act, OFAC and Other Regulations. (a) Neither the Parent, any of its Subsidiaries or, to the knowledge of the Borrower, any of the affiliates or respective officers, directors, brokers or agents of the Parent, such Subsidiary or affiliate (i) has violated any applicable anti-corruption, Sanctions or Anti-Terrorism Laws or (ii) has engaged in any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of prohibited offenses designated by the Organization for Economic Co-operation and Development's Financial Action Task Force on Money Laundering. (b) Neither the Parent, any of its Subsidiaries or, to the knowledge of the Borrower, any of the affiliates or respective officers, directors, employees, brokers or agents of the Parent, such Subsidiary or affiliate is a Person that is, or is owned or controlled by Persons that are: (i) the subject of any Sanctions, or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of Sanctions. (c) Neither the Parent, any of its Subsidiaries or, to the knowledge of the Borrower, any of the affiliates or respective officers, directors, brokers or agents of the Parent, such Subsidiary or affiliate acting or benefiting in any capacity in connection with the Loans (i) conducts any business or engages in making or receiving any contribution of goods, services or money to or for the benefit of any Person, or in any country or territory, that is the subject of any Sanctions, (ii) deals in, or otherwise engages in any transaction related to, any property or interests in property blocked pursuant to any Sanctions or Anti-Terrorism Law or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Sanctions or Anti-Terrorism Law.

Appears in 1 contract

Samples: Term Loan Agreement (Florida Power & Light Co)

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USA PATRIOT Act, OFAC and Other Regulations. (a) Neither the ParentNo Loan Party, any of its Subsidiaries or, to the knowledge of the Borrowersuch Loan Party, any of the affiliates or respective officers, directors, brokers or agents of the Parentsuch Loan Party, such Subsidiary or affiliate (i) has violated any applicable anti-corruptioncorruption laws, Sanctions or any Anti-Terrorism Laws or (ii) has engaged in any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of prohibited offenses designated by the Organization for Economic Co-operation and Development's ’s Financial Action Task Force on Money Laundering. (b) Neither the ParentNo Loan Party, any of its Subsidiaries or, to the knowledge of the Borrowersuch Loan Party, any of the affiliates or respective officers, directors, employees, brokers or agents of the Parentsuch Loan Party, such Subsidiary or affiliate is a Person that is, or is owned or controlled by Persons that are: (i) the subject of any Sanctions, or (ii) located, organized or resident in a country country, region or territory that is, or whose government is, the subject of Sanctions. (c) Neither the ParentNo Loan Party, any of its Subsidiaries or, to the knowledge of the Borrowersuch Loan Party, any of the affiliates or respective officers, directors, brokers or agents of the Parentsuch Loan Party, such Subsidiary or affiliate acting or benefiting in any capacity in connection with the Loans (i) conducts any business or engages in making or receiving any contribution of goods, services or money to or for the benefit of any Person, or in any country or territory, that is the subject of any Sanctions, (ii) deals in, or otherwise engages in any transaction related to, any property or interests in property blocked pursuant to any Sanctions or Anti-Terrorism Law or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Sanctions or Anti-Terrorism Law. (d) The Borrower (i) has and, to the knowledge of the Borrower, its Subsidiaries have, conducted their business in compliance with applicable anti-corruption laws, the USA PATRIOT Act, anti-terrorism laws and money laundering laws and (ii) has instituted and maintained policies and procedures designed to promote and achieve compliance with such laws.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nextera Energy Partners, Lp)

USA PATRIOT Act, OFAC and Other Regulations. (a) Neither the Parent, any of its Subsidiaries or, to the knowledge of the Borrower, any of the affiliates or respective officers, directors, brokers or agents of the Parent, such Subsidiary or affiliate (i) has violated any applicable anti-corruption, Sanctions or Anti-Terrorism Laws or (ii) has engaged in any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of prohibited offenses designated by the Organization for Economic Co-operation and Development's ’s Financial Action Task Force on Money Laundering. (b) Neither the Parent, any of its Subsidiaries or, to the knowledge of the Borrower, any of the affiliates or respective officers, directors, employees, brokers or agents of the Parent, such Subsidiary or affiliate is a Person that is, or is owned or controlled by Persons that are: (i) the subject of any Sanctions, or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of Sanctions, currently, Crimea, Cuba, Iran, North Korea, Sudan and Syria. (c) Neither the Parent, any of its Subsidiaries or, to the knowledge of the Borrower, any of the affiliates or respective officers, directors, brokers or agents of the Parent, such Subsidiary or affiliate acting or benefiting in any capacity in connection with the Loans (i) conducts any business or engages in making or receiving any contribution of goods, services or money to or for the benefit of any Person, or in any country or territory, that is the subject of any Sanctions, (ii) deals in, or otherwise engages in any transaction related to, any property or interests in property blocked pursuant to any Sanctions or Anti-Terrorism Law or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Sanctions or Anti-Terrorism Law.

Appears in 1 contract

Samples: Term Loan Agreement (Nextera Energy Inc)

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USA PATRIOT Act, OFAC and Other Regulations. (a) Neither the ParentNo Loan Party, any of its Subsidiaries subsidiaries or, to the knowledge of the BorrowerParent, any of the affiliates or respective officers, directors, brokers or agents of the Parent, such Subsidiary Loan Party or affiliate any such subsidiary (i) has violated any applicable anti-corruption, Sanctions or Anti-Terrorism Laws or (ii) has engaged in any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of prohibited offenses designated by the Organization for Economic Co-operation and Development's ’s Financial Action Task Force on Money Laundering. (b) Neither the ParentNo Loan Party, any of its Subsidiaries subsidiaries or, to the knowledge of the BorrowerParent, any of the affiliates or respective officers, directors, employees, brokers or agents of the Parent, such Subsidiary or affiliate is a Person that is, or is owned or controlled by Persons that are: (i) the subject of any Sanctions, or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of Sanctions. (c) Neither the Parent, any of its Subsidiaries or, to the knowledge of the Borrower, any of the affiliates or respective officers, directors, brokers or agents of the Parent, such Subsidiary Loan Party or affiliate any such subsidiary that is acting or benefiting in any capacity in connection with the Loans or the Letters of Credit is a Blocked Person. (c) No Loan Party, any of its subsidiaries or, to the knowledge of Parent, any of the respective officers, directors, brokers or agents of such Loan Party or any such subsidiary that is acting or benefiting in any capacity in connection with the Loans or the Letters of Credit (i) conducts any business or engages in making or receiving any contribution of goods, services or money to or for the benefit of any Blocked Person, or provided that this clause (i) shall not apply to the provision of telecommunication services in any country or territory, that is the subject ordinary course of any Sanctionsbusiness, (ii) deals in, or otherwise engages in any transaction related to, any property or interests in property blocked pursuant to any Sanctions or Anti-Terrorism Law or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Sanctions or Anti-Terrorism Law.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (General Communication Inc)

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