Common use of Sanctioned Persons Clause in Contracts

Sanctioned Persons. (a) None of the Borrower, any other Credit Party or any of their respective Restricted Subsidiaries is currently the target of any U.S. sanctions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) of the U.S. Treasury Department or the U.S. Department of State.

Appears in 14 contracts

Samples: Incremental Agreement (Snap One Holdings Corp.), Amendment Agreement (MultiPlan Corp), Credit Agreement (Snap One Holdings Corp.)

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Sanctioned Persons. (a) None of the BorrowerHoldings, any other Credit Party or any of their respective Restricted Subsidiaries is currently the target of any U.S. sanctions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) of the U.S. Treasury Department or the U.S. Department of State.

Appears in 2 contracts

Samples: Credit Agreement (MultiPlan Corp), Security Agreement (MultiPlan Corp)

Sanctioned Persons. (a) None of the Borrower, Loan Parties nor any other Credit Party or any of their respective Restricted Subsidiaries Subsidiary is currently the target of any U.S. sanctions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) of the U.S. Treasury Department OFAC or the U.S. Department of State.

Appears in 1 contract

Samples: Security Agreement (W R Grace & Co)

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Sanctioned Persons. (a) None of the Borrower, any other Credit Party Loan Parties or any of their respective Restricted Subsidiaries Subsidiary is currently the target of any U.S. sanctions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) of the U.S. Treasury Department or the U.S. Department of State. The Borrowers will not to their knowledge, directly or indirectly, use the proceeds of the Loans in any manner that will result in a violation by any Lender of any U.S. sanctions administered by OFAC or the U.S. Department of State.

Appears in 1 contract

Samples: Abl Credit Agreement (Cole Haan, Inc.)

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