Reasonable Steps those steps the receiving party takes to protect its own similar proprietary and Confidential Information, which shall not be less than a reasonable standard of care.
Reasonable Steps. With respect to each Person assigned by Servicer to perform services for Lender, including originating and Servicing the Loans, Servicer has taken commercially reasonable steps (which shall be deemed to be satisfied through obtaining a background report from a commercially reasonable service): (a) to ensure that such Person has not been convicted of any felony or aggravated misdemeanor and has not been banned from the business of banking; (b) to verify that such Person, if performing services in the United States, is eligible to work in the United States in accordance with all Applicable Laws; and (c) to ensure that such Person is not on any list maintained by the United States Treasury Department’s Office of Foreign Assets Control (the “OFAC List”) of persons, entities, or prohibited or restricted jurisdictions. Servicer has taken commercially reasonable steps to ensure that no Person to which Servicer subcontracts any work under this Servicing Agreement or the Origination Agreement is on the OFAC List. Neither Servicer nor any of its Subsidiaries are on the OFAC List. None of Servicer’s or its Subsidiaries’ officers or employees was, when hired, on the OFAC List. To Servicer’s knowledge, none of its or its Subsidiaries’ officers, directors or employees are currently on the OFAC List.
Reasonable Steps. Cytel shall take such reasonable steps as may be necessary or appropriate so that, upon the execution and delivery of this Agreement, Neose shall be placed in actual possession and control of all of the Purchased Assets. Without limiting the generality of the foregoing, Cytel shall be solely responsible, at its sole cost and expense, for obtaining any and all Required Consents referred to in Section 4.3 hereof prior to the Closing.
Reasonable Steps. Seller shall make such efforts as may be appropriate and necessary so that on the Closing Date, Purchaser shall be placed in actual possession and control of all of the Purchased Assets. ARTICLE VI. REPRESENTATIONS AND WARRANTIES OF SELLER As an inducement to Purchaser to enter into this Agreement and to consummate the transactions contemplated hereby, Seller represents and warrants to Purchaser, that, to the best of Seller's Knowledge each of the following representations and warranties is true and correct as of the date hereof or such other date as specified below: