Common use of No Conflict with Sanctions Laws Clause in Contracts

No Conflict with Sanctions Laws. Neither the Company nor any of its subsidiaries nor the Guarantor nor, to the knowledge of the Company, any director, officer, agent, employee or controlled affiliate of the Company or any of its subsidiaries or the Guarantor is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department, the U.S. Department of Commerce, the U.S. Department of State, the United Nations Security Council, the European Union or any European Union member state, or HM Treasury (collectively, “Sanctions”), nor is the Company or any of its subsidiaries or the Guarantor located, organized or resident in a country or territory that is the subject of Sanctions (each a “Sanctioned Country” (as of the date of this agreement, Cuba, Iran, North Korea, Syria, and the Crimea, so-called Donetsk People’s Republic, Kherson, so-called Luhansk People’s Republic, and Zaporizhzhia regions of Ukraine)). The Company will not, directly or indirectly, use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person, (i) for the purpose of funding any activities of or business with any person that, at the time of such funding, is the subject of Sanctions, or is in Cuba, Iran, North Korea, Syria and the Crimean region of the Ukraine or is located, organized, or resident in a Sanctioned Country, or (ii) in any other manner that will result in a violation of Sanctions.

No Conflict with Sanctions Laws. Neither the Company nor any of its subsidiaries nor the Guarantor nor, to the knowledge of the Company, any director, officer, agent, or employee or controlled affiliate of the Company or any of its subsidiaries or (i) is the Guarantor is currently subject to of any sanctions administered or enforced by the U.S. government (including, without limitation, the Office of Foreign Assets Control of the U.S. Treasury Department, the U.S. Department of Commerce, Commerce or the U.S. Department of State, the United Nations Security Council, the European Union or any European Union member state, or HM Treasury ) (collectively, “U.S. Sanctions”), nor (ii) is the Company or any of its subsidiaries or the Guarantor located, organized or resident in a country or territory that is the subject of Sanctions (each a “Sanctioned Country” (as of the date of this agreementCrimea, Cuba, Iran, North KoreaKorea or Syria (each an “Embargoed Destination”), Syria(iii) is a person or entity (“Person”) on the list of “Specially Designated Nationals and Blocked Persons” or any other U.S. Sanctions list, and the Crimeaor (iv) is fifty percent (50%) or more, so-called Donetsk People’s Republicdirectly or indirectly, Kherson, so-called Luhansk People’s Republic, and Zaporizhzhia regions of Ukraine))owned by any Person on a U.S. Sanctions list. The Company will not, directly or indirectly, use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds proceeds, to any subsidiary, joint venture partner or other person, person (i) for the purpose of funding to fund or facilitate any activities of or business with any person Person that, at the time of such fundingfunding or facilitating, is the subject of U.S. Sanctions, or is in Cuba, Iran, North Korea, Syria and the Crimean region of the Ukraine or is located, organized, organized or resident in a Sanctioned CountryEmbargoed Destination, or (ii) in any other manner that will result in a violation by any Person (including any Person participating in the offering, whether as underwriter, advisor, investor or otherwise) of U.S. Sanctions.