Common use of Sanctions Screening Clause in Contracts

Sanctions Screening. The Bank, on behalf of the Transfer Agent, shall screen new and existing Company Investors, UBOs and Controlling Parties against sanction-related lists promulgated by the United States, the European Union, and the United Nations. The Bank reserves the right to screen new and existing Company Investors, UBOs and Controlling Parties against such other sanction-related lists as may be required by the Bank’s AML and Sanctions Program from time to time. The Company acknowledges that the Bank and the Transfer Agent shall have no obligation to accept any Company Investor’s subscription, and shall have the right to block, freeze or reject any Company Investor’s subscription or account, as applicable, in order for the Bank and/or the Transfer Agent to meet its legal and/or internal compliance requirements. In the event that a Company Investor’s subscription is blocked, frozen or rejected, the Transfer Agent shall Information Classification: Limited Access 3Information Classification: Limited Access promptly inform the Designated Contact of the circumstances that lead to the block, freeze or rejection.

Sanctions Screening. The Bank, on behalf of the Transfer Agent, shall screen new and existing Company Investors, UBOs and Controlling Parties against sanction-related lists promulgated by the United States, the European Union, and the United Nations. The Bank reserves the right to screen new and existing Company Investors, UBOs and Controlling Parties against such other sanction-related lists as may be required by the Bank’s AML and Sanctions Program from time to time. The Company acknowledges that the Bank and the Transfer Agent shall have no obligation to accept any Company Investor’s subscription, and shall have the right to block, freeze or reject any Company Investor’s subscription or account, as applicable, in order for the Bank and/or the Transfer Agent to meet its legal and/or internal compliance requirements. In the event that a Company Investor’s subscription is blocked, frozen or rejected, the Transfer Agent shall Information Classification: Limited Access 3Information Classification: Limited Access promptly inform the Designated Contact of the circumstances that lead to the block, freeze or rejection.