Common use of Prohibited Persons Clause in Contracts

Prohibited Persons. Neither Purchaser, nor any Affiliate of Purchaser nor any Person that directly or indirectly owns 10% or more the outstanding equity in Purchaser (collectively, the “Purchaser Persons”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 14 contracts

Samples: Agreement of Sale and Purchase (Hines Global REIT, Inc.), Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc), Agreement of Sale and Purchase (Preferred Apartment Communities Inc)

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Prohibited Persons. Neither PurchaserSeller, nor any Affiliate of Purchaser Seller nor any Person that directly or indirectly owns ten percent (10% %) or more of the outstanding equity in Purchaser Seller (collectively, the “Purchaser Seller Persons”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Seller Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 5 contracts

Samples: Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc), Agreement of Sale and Purchase (Hines Global REIT, Inc.), Agreement of Sale and Purchase (Hines Global REIT, Inc.)

Prohibited Persons. Neither PurchaserSeller, nor any Affiliate of Purchaser Seller nor any Person that directly or indirectly owns 10% or more of the outstanding equity in Purchaser Seller (collectivelyeach, the a Purchaser PersonsSeller Person”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Seller Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 4 contracts

Samples: Agreement of Sale and Purchase (Preferred Apartment Communities Inc), Agreement of Sale and Purchase (Preferred Apartment Communities Inc), Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc)

Prohibited Persons. Neither Purchasersuch Seller, nor any Affiliate of Purchaser such Seller nor any Person that directly or indirectly owns 10% or more of the outstanding equity in Purchaser such Seller (collectivelyeach, the a Purchaser PersonsSeller Person”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Seller Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 3 contracts

Samples: Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc), Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc), Agreement of Sale and Purchase (Preferred Apartment Communities Inc)

Prohibited Persons. Neither Purchaser, nor any Affiliate of Purchaser nor any Person that directly or indirectly owns ten percent (10% %) or more of the outstanding equity in Purchaser (collectively, the “Purchaser Persons”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Hines Global REIT, Inc.)

Prohibited Persons. Neither Purchasersuch Seller, nor any Affiliate of Purchaser such Seller nor any Person that directly or indirectly owns 10% or more of the outstanding equity in Purchaser such Seller (collectivelyeach, the a Purchaser PersonsSeller Person”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests -30- in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Seller Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Preferred Apartment Communities Inc)

Prohibited Persons. Neither Purchaser, nor any Affiliate of Purchaser nor any Person that directly or indirectly owns 10% or more the outstanding equity in Purchaser (collectively, the “Purchaser Persons”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws Laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Hines Global REIT, Inc.)

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Prohibited Persons. Neither PurchaserSeller, nor any Affiliate of Purchaser Seller nor any Person that directly or indirectly owns 10% or more the outstanding equity in Purchaser Seller (collectively, the “Purchaser Seller Persons”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Seller Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc)

Prohibited Persons. Neither Purchaser, nor any Affiliate of Purchaser Purchaser, nor any Person that directly or indirectly owns 10% or more the outstanding equity in Purchaser (collectivelyeach, the a “Purchaser PersonsPerson”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (HGR Liquidating Trust)

Prohibited Persons. Neither Purchasersuch Seller, nor any Affiliate of Purchaser such Seller nor any Person that directly or indirectly owns 10% or more of the outstanding equity in Purchaser such Seller (collectively, the “Purchaser Seller Persons”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Seller Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (HGR Liquidating Trust)

Prohibited Persons. Neither PurchaserSeller, nor any Affiliate of Purchaser Seller nor any Person that directly or indirectly owns ten percent (10% %) or more of the outstanding equity in Purchaser Seller (collectively, the “Purchaser Seller Persons”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into 31 transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Seller Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc)

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