Common use of Anti-Money Laundering and Economic Sanctions Laws Clause in Contracts

Anti-Money Laundering and Economic Sanctions Laws. (a) To the extent applicable, each Loan Party and each of its Subsidiaries is in compliance with (i) the Patriot Act in all material respects and (ii) any applicable anti-money laundering laws or any applicable Sanctions or Requirements of Law that in each case are binding on them, except in the case of this clause (ii) where the failure to be in compliance would not reasonably be expected to have a Material Adverse Effect. To the knowledge of each Loan Party, none of the Loan Parties, their respective Subsidiaries or their respective officers or directors is an Embargoed Person.

Appears in 2 contracts

Samples: Loan and Security Agreement (IsoPlexis Corp), Loan and Security Agreement (PhenomeX Inc.)

AutoNDA by SimpleDocs

Anti-Money Laundering and Economic Sanctions Laws. (a) To the extent applicable, each Loan Party Borrower and each of its Subsidiaries is in compliance with (i) the Patriot Act in all material respects and (ii) any applicable anti-money laundering laws or any applicable Sanctions or Requirements requirements of Law that in each case are binding on them, except in the case of this clause (ii) where the failure to be in compliance would not reasonably be expected to have a Material Adverse Effect. To the knowledge of each Loan Partymanagement of the Borrower, none of the Loan Parties, their respective its Subsidiaries or their respective officers or directors is an Embargoed Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Siebert Financial Corp)

Anti-Money Laundering and Economic Sanctions Laws. (a) To the extent applicable, each Loan Party and each of its Subsidiaries is in compliance with (i) the Patriot Act in all material respects and (ii) any applicable anti-money laundering laws Anti Money Laundering Laws or any applicable Sanctions or Requirements requirements of Law law that in each case are binding on them, except in the case of this clause (ii) where the failure to be in compliance would not reasonably be expected to have a Material Adverse EffectChange. To the knowledge of each Loan Partymanagement of the Borrower, none of the Loan Parties, their respective Subsidiaries or Subsidiaries, their respective officers or directors is an Embargoed Person.

Appears in 1 contract

Samples: Subordinated Term Loan and Security Agreement (Sonim Technologies Inc)

Anti-Money Laundering and Economic Sanctions Laws. (a1) To the extent applicable, each Loan Party Borrower and each of its Subsidiaries is in compliance with (i) the Patriot Act in all material respects and (ii) any applicable anti-money laundering laws or any applicable Sanctions or Requirements requirements of Law law that in each case are binding on them, except in the case of this clause (ii) where the failure to be in compliance would not reasonably be expected to have a Material Adverse Effect. To the knowledge of each Loan Partymanagement of Borrower, none of the Loan PartiesObligors, their respective Subsidiaries or Subsidiaries, their respective officers or directors is an Embargoed Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Better Choice Co Inc.)

AutoNDA by SimpleDocs

Anti-Money Laundering and Economic Sanctions Laws. (a) To the extent applicable, each Loan Party and each of its Subsidiaries is in compliance with (i) the Patriot Act in all material respects and (ii) any applicable anti-money laundering laws or any applicable Sanctions or Requirements requirements of Law law that in each case are binding on them, except in the case of this clause (ii) where the failure to be in compliance would not reasonably be expected to have a Material Adverse Effect. To the knowledge of each Loan Partymanagement of Borrowers, none of the Loan Parties, their respective Subsidiaries or their respective officers or directors is an Embargoed Person.

Appears in 1 contract

Samples: Loan and Security Agreement (Enservco Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.