Common use of Compliance with Prescribed Laws Clause in Contracts

Compliance with Prescribed Laws. Borrower shall not and shall not cause or permit Mortgage Borrower to (a) be or become subject at any time to any law, regulation, or list of any government agency (including, without limitation, the list maintained by OFAC and accessible through the OFAC website) that prohibits or limits any lender from making any advance or extension of credit to Borrower or Mortgage Borrower or from otherwise conducting business with Borrower or Mortgage Borrower, or (b) fail to provide documentary and other evidence of Borrower’s or Mortgage Borrower’s identity as may be requested by any Lender at any time to enable any Lender to verify Borrower’s or Mortgage Borrower’s identity or to comply with Prescribed Laws. In addition, Borrower hereby agrees to, and shall cause Mortgage Borrower to, provide to Lender any additional information with respect to Borrower or Mortgage Borrower that Lender deems necessary from time to time in order to ensure compliance with Prescribed Laws.