Common use of Sanctions; Anti-Corruption Clause in Contracts

Sanctions; Anti-Corruption. (a) None of the Borrower, any of its Subsidiaries or, to the knowledge of the Borrower, any director, officer, employee or agent of the Borrower or any of its Subsidiaries is an individual or entity (“person”) that is, or is owned or controlled by persons that are: (i) the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of Sanctions.

Appears in 2 contracts

Samples: Trust Note Amendment Agreement (Torchlight Energy Resources Inc), Foundation Note Amendment Agreement (Torchlight Energy Resources Inc)

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Sanctions; Anti-Corruption. (a) None of the Borrower, any Obligors and none of its Subsidiaries ordirectors or officers, and (b) to the knowledge of any Obligor, no employees or agents of such Obligor that will act in any capacity in connection with the Borrower, any director, officer, employee or agent of the Borrower or any of its Subsidiaries is an individual or entity (“person”) that is, or is owned or controlled by persons that credit facility established hereby are: (i) the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”)Control, the U.S. Department of State State, or other relevant sanctions authority (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of SanctionsSanctions (including Crimea, Cuba, Iran, North Korea, Sudan and Syria).

Appears in 1 contract

Samples: Credit Agreement (Empire Resorts Inc)

Sanctions; Anti-Corruption. (a) None of the Borrower, any of its Subsidiaries or, to the knowledge of the Borrower, any director, officer, employee employee, agent, or agent affiliate of the Borrower or any of its Subsidiaries is an individual or entity (“person”) that is, or is owned or controlled by persons that are: (i) the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of SanctionsSanctions (including, as of the Restatement Date, Crimea, Cuba, Iran, North Korea and Syria).

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Technology Finance Corp)

Sanctions; Anti-Corruption. (ai) None of the Borrower, any of its Loan Parties or their respective Subsidiaries or, to the knowledge of the Borrower, or any director, officer, employee employee, agent, or agent affiliate of the Borrower or any of its Subsidiaries thereof is an individual or entity (“person”) that is, or is owned or controlled by persons that are: (iA) the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”)Control, the U.S. Department of State State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), or (iiB) located, organized or resident in a country or territory that is, or whose government is, the subject of SanctionsSanctions (including Crimea, Cuba, Iran, North Korea, Sudan and Syria).

Appears in 1 contract

Samples: Credit Agreement (Landsea Homes Corp)

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Sanctions; Anti-Corruption. (a) None of the Borrower, any of its Subsidiaries or, to the knowledge of the Borrower, Affiliates or any director, officer, employee employee, agent, or agent affiliate of the Borrower or any of its Subsidiaries Affiliates is an individual or entity (“person”) that is, or is owned or controlled by persons that are: (i) the subject subject/target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of SanctionsSanctions (including, Crimea, Cuba, Iran, North Korea, Sudan and Syria).

Appears in 1 contract

Samples: Loan and Security Agreement (Hercules Capital, Inc.)

Sanctions; Anti-Corruption. (a) None of the Borrower, any of its Subsidiaries or, to the knowledge of the Borrower, Affiliates or any director, officer, employee employee, agent, advisor or agent affiliate of the Borrower or any of its Subsidiaries Affiliates is an individual or entity (“person”) that is, or is owned or controlled by persons that are: (i) the subject subject/target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of SanctionsSanctions (including, Crimea, Cuba, Iran, North Korea, Sudan and Syria).

Appears in 1 contract

Samples: Loan and Security Agreement (Hercules Capital, Inc.)

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