Common use of Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws Clause in Contracts

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements relating to money laundering, anti-terrorism, trade embargoes and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) and this Section remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee shall also promptly reimburse to Lender any and all costs and expenses incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 10 contracts

Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

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Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s 's request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, 's representations, warranties and obligations under Section 4.1(NN) Sections 3.32 and 3.33 and this Section 4.23 remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s 's request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s 's interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 5 contracts

Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee Assumptor shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, sanctions now or hereafter in effect. Upon LenderNoteholder’s request from time to time during the term of the Loan, each Borrower and Operating Lessee Assumptor shall certify in writing to Lender Noteholder that such BorrowerAssumptor’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) and this Section 17 remain true and correct and have not been breached. Each Borrower and Operating Lessee Assumptor shall immediately notify Lender Noteholder in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee Assumptor has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee Assumptor shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at LenderNoteholder’s request, provide to Lender Noteholder copies of all notices, reports and other communications exchanged with, with or received from, from Governmental Authorities relating to such an event. Borrowers and Operating Lessee Assumptor shall also promptly reimburse to Lender Noteholder any and all costs and expenses expense incurred by Lender Noteholder in evaluating the effect of such an event on the Loan and LenderNoteholder’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender Noteholder to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender Noteholder as the result of the existence of such an event and for any penalties or fines imposed upon Lender Noteholder as a result thereof.. Further, Assumptor shall immediately notify Noteholder in writing if any future tenant of the Property (i) is identified on the OFAC List, or (ii) is a Person with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction or other prohibition of United States law, regulation or Executive Order of the President of the United States. For purposes of this Agreement, the following definitions shall apply:

Appears in 4 contracts

Samples: Assumption and Release Agreement (Inland American Real Estate Trust, Inc.), Assumption and Release Agreement (Inland American Real Estate Trust, Inc.), Assumption and Release Agreement (Inland American Real Estate Trust, Inc.)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee Party shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon LenderWithout limiting the foregoing, no Borrower Party shall take any action, or permit any action to be taken, that would cause any Borrower Party’s request from time representations and warranties, as set forth in subsection (a) above, to become untrue or inaccurate at any time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) and this Section remain true and correct and have not been breachedAdvance. Each Borrower and Operating Lessee Party shall immediately notify Lender in writing if any representations, promptly of Borrower Party’s actual knowledge that such representations and warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true accurate or have been breachedthat any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, such each Borrower or Operating Lessee Party shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Each Borrower Party shall also promptly reimburse to Lender for any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan Advance and Lender’s interest in the collateral for the LoanAdvance, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 2 contracts

Samples: Master Credit Facility Agreement (Colonial Properties Trust), Master Credit Facility Agreement (Bre Properties Inc /Md/)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements relating to money laundering, anti-terrorism, trade embargoes and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN4.1(oo) and this Section remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee shall also promptly reimburse to Lender any and all costs and expenses incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 2 contracts

Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee Transferee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon LenderNoteholder’s request from time to time during the term of the Loan, each Borrower and Operating Lessee Transferee shall certify in writing to Lender that such BorrowerTransferee’s or Operating Lessee’s, as applicable, representations, warranties warranties, and obligations under Section 4.1(NN) and this Section 16 remain true and correct and have not been breached. Each Borrower and Operating Lessee Transferee shall immediately notify Lender lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee Transferee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee Transferee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at LenderNoteholder’s request, provide to Lender Noteholder copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Transferee shall also promptly reimburse to Lender Noteholder any and all costs and expenses expense incurred by Lender Noteholder in evaluating the effect of such an event on the Loan and LenderNoteholder’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender Noteholder to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender Noteholder as the result of the existence of such an event and for any penalties or fines imposed upon Lender Noteholder as a result thereof.. Further, Transferee shall immediately notify Noteholder in writing if any future tenant of the Property (i) is identified on the OFAC List, or (ii) is a Person with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition of United States law, regulation, or Executive Order of the President of the United States. For purposes of this Section 16, the following definitions shall apply: 000 Xxxx 00xx Xxxxxx / Loan No. 00-0000000

Appears in 2 contracts

Samples: Loan Assumption Agreement (American Realty Capital New York Recovery Reit Inc), Loan Assumption Agreement (American Realty Capital New York Recovery Reit Inc)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect, including, without limitation, Anti-Terrorism Laws. Upon LenderWithout limiting the foregoing, Borrower shall not take any action, or permit any action to be taken, that would cause Borrower’s request from time representations and warranties in Section 4.1(l) of this Loan Agreement to become untrue or inaccurate at any time during the term of the Loan, each . Borrower and Operating Lessee shall certify in writing to notify Lender that such promptly of Borrower’s or Operating Lessee’s, as applicable, representations, actual knowledge that the representations and warranties and obligations under in Section 4.1(NN4.1(l) and of this Section remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they Loan Agreement may no longer be true accurate or have been breachedthat any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender for any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 2 contracts

Samples: Loan Agreement (Prospect Medical Holdings Inc), Loan Agreement (Prospect Medical Holdings Inc)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes and economic sanctions, now or hereafter in effect. Upon LenderWithout limiting the foregoing, Borrower shall not take any action, or permit any action to be taken, that would cause Borrower’s request from time representations and warranties in Section 8.28 of this Loan Agreement to become untrue or inaccurate at any time during the term of the Loan, each . Borrower and Operating Lessee shall certify in writing to notify Lender that such promptly of Borrower’s or Operating Lessee’s, as applicable, representations, actual knowledge that the representations and warranties and obligations under in Section 4.1(NN) and 8.28 of this Section remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they Loan Agreement may no longer be true accurate or have been breachedthat any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender for any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 2 contracts

Samples: Loan Agreement (Resource Real Estate Opportunity REIT, Inc.), Loan Agreement (Angeles Income Properties LTD Ii)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon LenderWithout limiting the foregoing, no Borrower shall take any action, or permit any action to be taken, that would cause any Borrower’s request from time representations and warranties, as set forth in subsection (a) above, to become untrue or inaccurate at any time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) and this Section remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any representations, promptly of Borrower’s actual knowledge that such representations and warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true accurate or have been breachedthat any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, such each Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Each Borrower shall also promptly reimburse to Lender for any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 2 contracts

Samples: Master Credit Facility Agreement (Archstone Inc.), Master Credit Facility Agreement (Avalonbay Communities Inc)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect, including, without limitation, Anti-Terrorism Laws. Upon LenderWithout limiting the foregoing, Borrower shall not take any action, or permit any action to be taken, that would cause Borrower’s request from time representations and warranties in Section 8.28 of this Agreement to become untrue or inaccurate at any time during the term Loan term. Borrower shall notify Lender promptly of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, actual knowledge that the representations and warranties and obligations under in Section 4.1(NN) and 8.28 of this Section remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they Agreement may no longer be true accurate or have been breachedthat any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal applicable Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender for any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 2 contracts

Samples: Loan Agreement (CNL Hotels & Resorts, Inc.), Mezzanine Loan Agreement (CNL Hotels & Resorts, Inc.)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) Sections 3.30 and 3.31 and this Section 4.30 remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 2 contracts

Samples: Loan Agreement (CNL Healthcare Trust, Inc.), Loan Agreement (CNL Healthcare Trust, Inc.)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect, including, without limitation, Anti-Terrorism Laws. Upon LenderWithout limiting the foregoing, Borrower shall not take any action, or permit any action to be taken, that would cause Borrower’s request from time representations and warranties in Section 8.28 of this Loan Agreement to become untrue or inaccurate at any time during the term of the Loan, each . Borrower and Operating Lessee shall certify in writing to notify Lender that such promptly of Borrower’s or Operating Lessee’s, as applicable, representations, actual knowledge that the representations and warranties and obligations under in Section 4.1(NN) and 8.28 of this Section remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they Loan Agreement may no longer be true accurate or have been breachedthat any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender for any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) Sections 3.29 and 3.30 and this Section 4.28 remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (CNL Healthcare Properties II, Inc.)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements relating to money laundering, anti-terrorism, trade embargoes and economic sanctions, now or hereafter in effect, including, without limitation, the Patriot Act. Upon Lender’s reasonable request in writing from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) 4.1.34 and this Section 5.1.10 remain true and correct in all material respects as of the date of such re-certification and have not been breached. Each Borrower and Operating Lessee shall immediately promptly notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breachedin any material respect. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (American Financial Realty Trust)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s 's request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, 's representations, warranties and obligations under Section 4.1(NN) Sections 3.32 and 3.33 and this Section 4.24 remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s 's request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s 's interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements Laws relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) 8.19 and this Section 9.20 remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements and directives of Governmental Authorities governmental authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities governmental authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities governmental authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements applicable to Lender Lenders as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (Sonesta International Hotels Corp)

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Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements relating to money laundering, anti-terrorism, trade embargoes and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) 4.39 and this Section 5.18 remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses reasonably incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be reasonably necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (Digital Realty Trust, Inc.)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s 's request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, 's representations, warranties and obligations under Section 4.1(NN) Sections 3.28 and 3.30 and this Section 4.25 remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s 's request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s 's interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply in all material respects with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) 8.28 and this Section 9.16 remain true and correct in all material respects and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breachedbreached in any material respect. In connection with such an event, such Borrower or Operating Lessee shall comply in all material respects with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses reasonable expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (Macquarie Infrastructure CO LLC)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN3.32 (No Illegal Activity as Source of Funds) and Section 3.33 (Compliance with Anti-Terrorism, etc.) and this Section 5.33 remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (American Retirement Corp)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each The Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lenderthe Borrower’s request from time to time during the term of this Agreement, the Loan, each Borrower and Operating Lessee shall certify in writing to Lender the Bank that such the Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) and Article 5 of this Section Agreement remain true and correct and have not been breached. Each The Borrower and Operating Lessee shall immediately promptly notify Lender the Bank in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such the Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such the Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lenderthe Bank’s request, provide to Lender the Bank copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee The Borrower shall also promptly reimburse to Lender the Bank any and all costs and expenses expense incurred by Lender the Bank in evaluating the effect of such an event on this Agreement and the Loan Letter of Credit and Lenderthe Bank’s interest in the collateral for Collateral (as defined in the LoanSecurity Agreement), in obtaining any necessary license from Governmental Authorities as may be necessary for Lender the Bank to enforce its rights under the Loan Credit Documents, and in complying with all Legal Requirements of Law applicable to Lender the Bank as the result of the existence of such an event and for any penalties or fines imposed upon Lender the Bank as a result thereof.

Appears in 1 contract

Samples: Reimbursement and Credit Agreement (Steadfast Income REIT, Inc.)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) Sections 3.28 and 3.29 and this Section 4.28 remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies cxxxx of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (Advocat Inc)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) Sections 3.28 and 3.29 and this Section 4.25 remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies cxxxx of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee Borrower shall also promptly reimburse to Lender any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (Capital Senior Living Corp)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee Borrowers shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, now or hereafter in effect. Upon Lender’s 's request from time to time during the term of the LoanLoans, each Borrower and Operating Lessee Borrowers shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, 's representations, warranties and obligations under Section 4.1(NN) Sections 3.29 and 3.30 and this Section 4.28 remain true and correct and have not been breached. Each Borrower and Operating Lessee Borrowers shall immediately notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has Borrowers have a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee Borrowers shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s 's request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers and Operating Lessee shall also promptly reimburse to Lender any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan Loans and Lender’s 's interest in the collateral for the LoanLoans, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each New Borrower and Operating Lessee shall comply with all Legal Requirements of Law relating to money laundering, anti-terrorism, trade embargoes embargos and economic sanctions, sanctions now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each New Borrower and Operating Lessee shall certify in writing to Lender that such New Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) and this Section 16 remain true and correct and have not been breached. Each New Borrower and Operating Lessee shall immediately promptly notify Lender in writing if any of such representations, warranties or covenants are no longer true or have been breached or if such New Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such New Borrower or Operating Lessee shall comply with all Legal Requirements of Law and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, with or received from, from Governmental Authorities relating to such an event. Borrowers and Operating Lessee New Borrower shall also promptly reimburse to Lender any and all costs and expenses expense incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements of Law applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.. Further, New Borrower shall promptly notify Lender in writing if any future tenant of the Property (a) is identified on the OFAC List, or (b) is a Person with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction or other prohibition of United States law, regulation or Executive Order of the President of the United States. For purposes of this Section 16, the following definitions shall apply:

Appears in 1 contract

Samples: Assumption and Release Agreement (Chesapeake Lodging Trust)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Each Borrower and Operating Lessee shall comply with all Legal Requirements relating to money laundering, anti-terrorism, trade embargoes and economic sanctions, now or hereafter in effect. Upon Lender’s request from time to time during the term of the Loan, each Borrower and Operating Lessee shall certify in writing to Lender that such Borrower’s or Operating Lessee’s, as applicable, representations, warranties and obligations under Section 4.1(NN) and this Section remain true and correct and have not been breached. Each Borrower and Operating Lessee shall immediately notify Lender in writing if any representations, warranties or covenants are no longer true or have been breached or if such Borrower or Operating Lessee has a reasonable basis to believe that they may no longer be true or have been breached. In connection with such an event, such Borrower or Operating Lessee shall comply with all Legal Requirements and directives of Governmental Authorities and, at Lender’s request, provide to Lender copies of all notices, reports and other communications exchanged with, or received from, Governmental Authorities relating to such an event. Borrowers Borrower and Operating Lessee shall also promptly reimburse to Lender any and all costs and expenses incurred by Lender in evaluating the effect of such an event on the Loan and Lender’s interest in the collateral for the Loan, in obtaining any necessary license from Governmental Authorities as may be necessary for Lender to enforce its rights under the Loan Documents, and in complying with all Legal Requirements applicable to Lender as the result of the existence of such an event and for any penalties or fines imposed upon Lender as a result thereof.

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Trust Inc)

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