Common use of Sanctioned Activities Clause in Contracts

Sanctioned Activities. (A) None of the Company, the Subsidiaries or, to the best knowledge of the Company after due inquiry, the other Group Entities, or any of the respective officers, employees, directors, representatives, consultants or agents of the Company or any Group Entity does business with, invests in, sponsors, provides assistance or support to, or engages in any other transactions with, any Person (as defined below) of or located in any country, or with any other Person, targeted by (i) any of the economic sanctions of the United States administered by the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”), including any Person appearing on OFAC’s List of Specially Designated Nationals and Blocked Persons, as amended from time to time (the “OFAC Sanctions”), or (ii) any of the economic sanctions that may be adopted by resolution of the United Nations Security Council or imposed by the government authorities of other relevant countries or jurisdictions (together with the OFAC Sanctions, the “Sanctions”); (B) none of the Company, the Subsidiaries or, to the best knowledge of the Company after due inquiry, the other Group Entities is owned or controlled (within the meaning of the regulations promulgating any Sanctions or the laws authorizing such promulgation) by any Person that is targeted by the Sanctions; and (C) the proceeds from the offering of the Offered Securities will not be used to fund any operations in, finance any investments or activities in or make any payments to, any country, or to fund, finance or make any payments to any Person, targeted by the Sanctions.

Sanctioned Activities. (A) None of the Company, the Subsidiaries or their respective officers or directors or, to the best knowledge of the Company after due inquiryCompany, the other Group Entities, or any of the their respective officers, employees, directors, representatives, consultants or agents of the Company or any Group Entity does business with, invests in, sponsors, provides assistance or support to, or engages in any other transactions with, any Person (as defined below) of or located in any country, or with any other Person, targeted by (i) any of the economic sanctions of the United States administered by the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”), including any Person appearing on OFAC’s List of Specially Designated Nationals and Blocked Persons, as amended from time to time (the “SDN List”) (the “OFAC Sanctions”), or (ii) any of the economic sanctions that may be adopted by resolution of the United Nations Security Council or imposed by the government authorities of other relevant countries or jurisdictions (together with the OFAC Sanctions, collectively, the “Sanctions”); (B) none of the Company, Company or the Subsidiaries or, to the best knowledge of the Company after due inquiry, the other Group Entities is owned or controlled (within the meaning of the regulations promulgating any Sanctions or the laws authorizing such promulgation) by any Person that is targeted by the Sanctions; and (C) the proceeds from the offering of the Offered Securities will not be used to fund any operations in, finance any investments or activities in or make any payments to, any country, or to fund, finance or make any payments to any Person, targeted by the Sanctions.