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. Borrower shall comply with all Requirements of Law relating to money laundering, anti-terrorism, trade embargos and economic sanctions, now or hereafter in effect. Without limiting the foregoing, Borrower shall not knowingly take any action, or knowingly permit any action to be taken, that would cause Borrower’s representations and warranties, as set forth in subsection (a) above, to become untrue or inaccurate in any material respect at any time during the term of the Advance. Borrower shall notify Lender promptly of Borrower’s actual knowledge that such representations and warranties may no longer be accurate or that any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, Borrower shall comply with all 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 event. Borrower shall also reimburse Lender for any expense incurred by Lender in evaluating the effect of such an event on the Advance and Lender’s interest in the collateral for the Advance, 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 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: Master Credit Facility Agreement (Sun Communities Inc)

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Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Borrower shall comply with all Requirements of Law relating to money laundering, anti-terrorism, trade embargos and economic sanctions, now or hereafter in effect. Without limiting the foregoing, Borrower shall not knowingly take any action, or knowingly permit any action to be taken, that would cause Borrower’s representations and warranties, as set forth in subsection Section 3.30 (a) aboveCompliance with Anti-Terrorism, etc.), to become untrue or inaccurate in any material respect at any time during the term of the AdvanceLoan. Borrower shall notify Lender promptly of Borrower’s actual knowledge that such representations and warranties may no longer be accurate or that any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, Borrower shall comply with all 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 event. Borrower shall also reimburse Lender for any expense incurred by Lender in evaluating the effect of such an event on the Advance Loan and Lender’s interest in the collateral for the AdvanceLoan, 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 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 (Sunrise Senior Living Inc)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Borrower shall comply with all Requirements of Law relating to money laundering, anti-terrorism, trade embargos embargoes and economic sanctions, now or hereafter in effect. Without limiting the foregoing, Borrower shall not knowingly take any action, or knowingly permit any action to be taken, that would cause Borrower’s 's representations and warranties, as set forth warranties in subsection (a) above, Section 8.28 of this Loan Agreement to become untrue or inaccurate in any material respect at any time during the term of the AdvanceLoan. Borrower shall notify Lender promptly of Borrower’s 's actual knowledge that such the representations and warranties in Section 8.28 of this Loan Agreement may no longer be accurate or that any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, Borrower shall comply with all 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 event. Borrower shall also reimburse Lender for any expense incurred by Lender in evaluating the effect of such an event on the Advance Loan and Lender’s 's interest in the collateral for the AdvanceLoan, 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 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 (Consolidated Capital Properties Iv)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Borrower Guarantor shall comply with all Requirements of Law relating to money laundering, anti-terrorism, trade embargos and economic sanctions, now or hereafter in effect. Without limiting the foregoing, Borrower no Guarantor shall not knowingly take any action, or knowingly permit any action to be taken, that would cause Borrowerany Guarantor’s representations and warranties, as set forth in subsection (a) above, to become untrue or inaccurate in any material respect at any time during the term of the AdvanceLoan. Borrower Guarantor shall notify Lender promptly of BorrowerGuarantor’s actual knowledge that such representations and warranties may no longer be accurate or that any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, Borrower Guarantor shall comply with all 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 event. Borrower Guarantor shall also reimburse Lender for any expense incurred by Lender in evaluating the effect of such an event on the Advance Loan and Lender’s interest in the collateral for the AdvanceLoan, 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 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: Master Credit Facility Agreement (Archstone Inc.)

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Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Borrower shall comply with all Requirements of Law relating to money laundering, anti-terrorism, trade embargos embargoes and economic sanctions, now or hereafter in effect. Without limiting the foregoing, Borrower shall not knowingly take any action, or knowingly permit any action to be taken, that would cause Borrower’s 's representations and warranties, as set forth warranties in subsection (a) above, Section 8.28 of this Loan Agreement to become untrue or inaccurate in any material respect at any time during the term of the AdvanceLoan. Borrower shall notify Lender promptly of Borrower’s 's actual knowledge that such tl1e representations and warranties in Section 8.28 of this Loan Agreement may no longer be accurate or that any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, Borrower shall comply with all 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 event. Borrower shall also reimburse Lender for any expense incurred by Lender in evaluating the effect of such an event on the Advance Loan and Lender’s 's interest in the collateral for the AdvanceLoan, 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 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 (Cole Credit Property Trust V, Inc.)

Compliance with Anti-Terrorism, Embargo, Sanctions and Anti-Money Laundering Laws. Borrower shall comply with all Requirements of Law relating to money laundering, anti-terrorism, trade embargos embargoes and economic sanctions, now or hereafter in effect. Without limiting the foregoing, Borrower shall not knowingly take any action, or knowingly permit any action to be taken, that would cause Borrower’s 's representations and warranties, as set forth warranties in subsection (a) above, Section 8.28 of this Loan Agreement to become untrue or inaccurate in any material respect at any time during the term of the AdvanceLoan. Borrower shall notify Lender promptly of Borrower’s 's actual knowledge that such the representations and warranties in Section 8.28 of this Loan Agreement may no longer be accurate or that any other violation of the foregoing Requirements of Law has occurred or is being investigated by Governmental Authorities. In connection with such an event, Borrower shall comply with all 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 event. Borrower shall also reimburse Lender for any expense incurred by Lender in evaluating the effect of such an event on the Advance Loan and Lender’s 's interest in the collateral for the AdvanceLoan, 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 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 (Cole Credit Property Trust V, Inc.)

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