Common use of Compliance with Anti-Money Laundering Laws and Anti-Corruption Laws Clause in Contracts

Compliance with Anti-Money Laundering Laws and Anti-Corruption Laws. The Borrower shall, each Person directly or indirectly Controlling the Borrower and each Person directly or indirectly Controlled by the Borrower and, to the Borrower’s knowledge, any Related Party of the foregoing that will act in any capacity in connection with this Agreement shall: (i) comply with all applicable Anti–Money Laundering Laws and Anti-Corruption Laws in all material respects, and, with respect to the Borrower, shall maintain or be subject to policies and procedures reasonably designed to ensure compliance with thesuch Anti-Money Laundering Laws and Anti-Corruption Laws; (ii) conduct the requisite due diligence in connection with the transactions contemplated herein for purposes of complying with thesuch Anti-Money Laundering Laws, including with respect to the legitimacy of any applicable investor and the origin of the assets used by such investor to purchase the property in question, and will maintain sufficient information to identify any applicable investor for purposes of thesuch Anti-Money Laundering Laws; (iii) ensure it does not, directly or indirectly, use any of the credit to fund, finance or facilitate any activities, business or transactions that are in violation of any such Anti-Corruption Laws or Anti-Money Laundering Laws; and (iv) ensure it does not fund any repayment of the Obligations with proceeds that are directly or indirectly derived from any transaction or activity that is prohibited by any such Anti-Corruption Laws or Anti-Money Laundering Laws, or that could otherwise cause any Lender or any other party to this Agreement to be in violation of any Anti-Corruption Laws or Anti-Money Laundering Laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Crescent Capital BDC, Inc.)

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Compliance with Anti-Money Laundering Laws and Anti-Corruption Laws. The Borrower Collateral Manager, shall, and shall ensure that each Person directly or indirectly Controlling the Borrower Collateral Manager and each Person directly or indirectly Controlled by the Borrower Collateral Manager and, to the BorrowerCollateral Manager’s actual knowledge, any Related Party of the foregoing that will act in any capacity in connection with this Agreement shallshallwill: (i) comply with all applicable Anti–Money -Money- Laundering Laws and Anti-Corruption Laws in all material respects, and, with respect to the Borrower, and shall maintain or be subject to policies and procedures reasonably designed to ensure compliance with thesuch the Anti-Money Laundering Laws and Anti-Corruption Laws; (ii) conduct the requisite due diligence in connection with the transactions contemplated herein for purposes of complying with thesuch the Anti-Money Laundering Laws, including with respect to the legitimacy of any applicable investor and the origin of the assets used by such investor to purchase the property in question, and will maintain sufficient information to identify any applicable investor for purposes of thesuch the Anti-Money Laundering Laws; (iii) ensure it itthat the Borrower does notnot cause such Loan Party to, directly or or, to its actual knowledge, indirectly, use any of the credit creditproceeds of any Advance hereunder to fund, finance finance, or facilitate any activities, business or transactions that are in violation of any such Anti-Corruption Laws or Anti-Money Laundering Laws; and (iv) ensure it itthat the Borrower does not cause such Loan Party to fund any repayment of the Obligations with proceeds that are directly or or, to its actual knowledge, indirectly derived from any transaction or activity that is prohibited by any such Anti-Corruption Laws or Anti-Money Laundering Laws, or that could otherwise cause any Lender or any other party to this Agreement to be in violation of any Anti-Corruption Laws or Anti-Money Laundering Laws.. (p)

Appears in 1 contract

Samples: Loan and Security Agreement (New Mountain Finance Corp)

Compliance with Anti-Money Laundering Laws and Anti-Corruption Laws. The Borrower shall, and the Borrower shall ensure that each Person directly or indirectly Controlling the Borrower and shalland each Person directly or indirectly Controlled by the Borrower and, to the Borrower’s actual knowledge, any Related Party of the foregoing that will act in any capacity in connection with this Agreement shallwill: (i) comply USActive 55525956.1255525956.15 97 with all applicable Anti–Money Anti–-Money Laundering Laws and Anti-Corruption Laws in all material respects, and, with respect to the Borrower, and shall maintain or be subject to policies and procedures reasonably designed to ensure compliance with thesuch the Anti-Money Laundering Laws and Anti-Corruption Laws; (ii) conduct the requisite due diligence in connection with the transactions contemplated herein for purposes of complying with thesuch the Anti-Money Laundering Laws, including with respect to the legitimacy of any applicable investor and the origin of the assets used by such investor to purchase the property in question, and will maintain sufficient information to identify any applicable investor for purposes of thesuch the Anti-Money Laundering Laws; (iii) ensure it does not, directly or indirectly, use any of the credit creditproceeds of any Advance hereunder to fund, finance finance, or facilitate any activities, business or transactions that are in violation of any such Anti-Corruption Laws or Anti-Money Laundering Laws; and (iv) ensure it does not fund any repayment of the Obligations with proceeds that are directly or or, to its actual knowledge, indirectly derived from any transaction or activity that is prohibited by any such Anti-Corruption Laws or Anti-Money Laundering Laws, or that could otherwise cause any Lender or any other party to this Agreement to be in violation of any Anti-Corruption Laws or Anti-Money Laundering Laws.. (x)

Appears in 1 contract

Samples: Loan and Security Agreement (NMF SLF I, Inc.)

Compliance with Anti-Money Laundering Laws and Anti-Corruption Laws. The Borrower Collateral Manager, shall, and shall ensure that each Person directly or indirectly Controlling the Borrower Collateral Manager and each Person directly or indirectly Controlled by the Borrower Collateral Manager and, to the BorrowerCollateral Manager’s actual knowledge, any Related Party of the foregoing that will act in any capacity in connection with this Agreement shallshallwill: (i) comply with all applicable Anti-Money Laundering Laws and Anti-Corruption Laws in all material respects, and, with respect to the Borrower, and shall maintain or be subject to policies and procedures reasonably designed to ensure compliance with thesuch the Anti-Money Laundering Laws and Anti-Corruption Laws; (ii) conduct the requisite due diligence in connection with the transactions contemplated herein for purposes of complying with thesuch the Anti-Money Laundering Laws, including with respect to the legitimacy of any applicable investor and the origin of the assets used by such investor to purchase the property in question, and will maintain sufficient information to identify any applicable investor for purposes of thesuch the Anti-Money Laundering Laws; (iii) ensure it does not causethat the Borrower todoes not, directly or or, to its actual knowledge, indirectly, use any of the credit creditproceeds of any Advance hereunder to fund, finance finance, or facilitate any activities, business or transactions that are in violation of any such Anti-Corruption Laws or Anti-Money Laundering Laws; and (iv) ensure it does not causethat the Borrower todoes not fund any repayment of the Obligations with proceeds that are directly or or, to its actual knowledge, indirectly derived from any transaction or activity that is prohibited by any such Anti-Corruption Laws or Anti-Money Laundering Laws, or that could otherwise cause any Lender or any other party to this Agreement to be in violation of any Anti-Corruption Laws or Anti-Money Laundering Laws.. USActive 55525956.1255525956.15

Appears in 1 contract

Samples: Loan and Security Agreement (NMF SLF I, Inc.)

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Compliance with Anti-Money Laundering Laws and Anti-Corruption Laws. The Borrower shallCollateral Manager, each Person directly or indirectly Controlling the Borrower Collateral Manager and each Person directly or indirectly Controlled by the Borrower Collateral Manager and, to the BorrowerCollateral Manager’s knowledge, any Related Party of the foregoing that will act in any capacity in connection with this Agreement shall: (i) comply with all applicable Anti-Money-LaunderingAnti-Money Laundering Laws and Anti-Corruption Laws in all material respects, andand shall be subject toand, with respect to the BorrowerCollateral Manager, shall maintain or be subject to policies and procedures reasonably designed to ensure compliance with thesuch Anti-Money Laundering Laws and Anti-Corruption Laws; (ii) conduct the requisite due diligence in connection with the transactions contemplated herein for purposes of complying with thesuch Anti-Money Laundering Laws, including with respect to the legitimacy of any applicable investor and the origin of the assets used by such investor to purchase the property in question, and will maintain sufficient information to identify any applicable investor for purposes of thesuch Anti-Money Laundering Laws; (iii) ensure it does not, directly or indirectly, use any of the credit to fund, finance or facilitate any activities, business or transactions that are in violation of any such Anti-Corruption Laws or Anti-Money Laundering Laws; and (iv) ensure it does not fund any repayment of the Obligations with proceeds that are directly or indirectly derived from any transaction or activity that is prohibited by any such Anti-Corruption Laws or Anti-Money Laundering Laws, or that could otherwise cause any Lender or any other party to this Agreement to be in violation of any Anti-Corruption Laws or Anti-Money Laundering Laws.

Appears in 1 contract

Samples: Loan and Security Agreement (Crescent Capital BDC, Inc.)

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