Common use of Office of Foreign Asset Control Clause in Contracts

Office of Foreign Asset Control. Neither Borrower, Property Owner or Operating Lessee nor Sponsor shall (a) be or become subject at any time to any law, regulation, or list of any government agency (including, without limitation, the OFAC List) that prohibits or limits any Lender from making any advance or extension of credit to Borrower or from otherwise conducting business with Borrower, Property Owner, Operating Lessee and/or Sponsor, or (b) fail to provide documentary and other evidence of Borrower’s identity as may be requested by any Lender at any time to enable any Lender to verify Borrower’s identity or to comply with any applicable law or regulation, including, without limitation, Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318 (the “Patriot Act”). In addition, Borrower hereby agrees to provide to Lender with any additional information that Lender deems reasonably necessary from time to time in order to ensure compliance with all Legal Requirements concerning money laundering and similar activities.

Appears in 1 contract

Samples: Second Mezzanine Loan Agreement (Strategic Hotel Capital Inc)

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Office of Foreign Asset Control. Neither BorrowerIssuer, Property Owner or Operating Lessee Lessee, nor Sponsor shall (a) be or become subject at any time to any law, regulation, or list of any government agency (including, without limitation, the OFAC List) that prohibits or limits any Lender Note Trustee from making any advance or extension of credit to Borrower Issuer or from otherwise conducting business with Borrower, Property OwnerIssuer, Operating Lessee and/or Sponsor, or (b) fail to provide documentary and other evidence of Borrower’s Issuer's identity as may be requested by any Lender Note Trustee at any time to enable any Lender Note Trustee to verify Borrower’s Issuer's identity or to comply with any applicable law or regulation, including, without limitation, Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318 0000 (the “Patriot Act”xxx "Xxxxxxx Xxx"). In addition, Borrower Issuer hereby agrees to provide to Lender Note Trustee with any additional information that Lender Note Trustee deems reasonably necessary from time to time in order to ensure compliance with all Legal Requirements concerning money laundering and similar activities.

Appears in 1 contract

Samples: Indenture (Strategic Hotel Capital Inc)

Office of Foreign Asset Control. Neither BorrowerBorrowers, Property Owner or Operating Lessee Lessees nor Sponsor shall (a) be or become subject at any time to any law, regulation, or list of any government agency (including, without limitation, the OFAC List) that prohibits or limits any Lender from making any advance or extension of credit to Borrower or from otherwise conducting business with Borrower, Property Owner, Operating Lessee and/or Sponsor, or (b) fail to provide documentary and other evidence of Borrower’s identity as may be requested by any Lender at any time to enable any Lender to verify Borrower’s identity or to comply with any applicable law or regulation, including, without limitation, Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318 (the “Patriot Act”). In addition, Borrower hereby agrees to provide to Lender with any additional information that Lender deems reasonably necessary from time to time in order to ensure compliance with all Legal Requirements concerning money laundering and similar activities.

Appears in 1 contract

Samples: Loan Agreement (Strategic Hotel Capital Inc)

Office of Foreign Asset Control. Neither Borrower, Property Owner or Operating Lessee Borrower nor Sponsor Guarantor shall (a) be or become subject at any time to any law, regulation, or list of any government agency (including, without limitation, the OFAC List) that prohibits or limits any Lender from making any advance or extension of credit to Borrower or from otherwise conducting business with Borrower, Property Owner, Operating Lessee Borrower and/or SponsorGuarantor, or (b) fail to provide documentary and other evidence of Borrower’s 's identity as may be requested by any Lender the Administrative Agent at any time to enable any Lender the Administrative Agent to verify Borrower’s 's identity or to comply with any applicable law or regulation, including, without limitation, Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318 ss. 0000 (the “Patriot Act”xxx "Xxxxxxx Xxx"). In addition, Borrower hereby agrees to provide to Lender Administrative Agent with any additional information that Lender Administrative Agent deems reasonably necessary from time to time in order to ensure compliance with all Legal Requirements legal requirements concerning money laundering and similar activities.

Appears in 1 contract

Samples: Credit Agreement (Strategic Hotel Capital Inc)

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Office of Foreign Asset Control. Neither Borrower, Property Owner or Operating Lessee nor Sponsor shall (a) be or become subject at any time to any law, regulation, or list of any government agency (including, without limitation, the OFAC List) that prohibits or limits any Lender from making any advance or extension of credit to Borrower or from otherwise conducting business with Borrower, Property Owner, Operating Lessee and/or Sponsor, or (b) fail to provide documentary and other evidence of Borrower’s 's identity as may be requested by any Lender at any time to enable any Lender to verify Borrower’s 's identity or to comply with any applicable law or regulation, including, without limitation, Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318 0000 (the “Patriot Act”xxx "Xxxxxxx Xxx"). In addition, Borrower hereby agrees to provide to Lender with any additional information that Lender deems reasonably necessary from time to time in order to ensure compliance with all Legal Requirements concerning money laundering and similar activities.

Appears in 1 contract

Samples: Loan Agreement (Strategic Hotel Capital Inc)

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