Status under Sanctions Clause Samples
Status under Sanctions. None of the Borrowers or their Subsidiaries or, to the knowledge of any Borrower or such Subsidiary, any director, officer, employee, agent, affiliate or representative thereof, is or is owned or controlled by any individual or entity that is currently the subject or target of any Sanction or is located, organized or resident in a Designated Jurisdiction.
Status under Sanctions. None of Purchaser or any of its Subsidiaries, nor any director, officer or employee of Purchaser or its Subsidiaries, is (a) a Sanctioned Person; or (b) located, organized or resident in a Sanctioned Country.
Status under Sanctions. None of Seller, or, to the knowledge of Seller, any director, officer, employee, agent, or affiliate of Seller or any of its Subsidiaries is an individual or entity (“Person”) that is, or is owned 50 percent or more, individually or in the aggregate, directly or indirectly 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, the U.S. Department of State, the United Nations Security Council, the European Union, His Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory that is the subject of Sanctions.