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Contract analysis / lender-assignment-assumption-form.docx
lender-assignment-assumption-form.docx
1043-00001 · 6 clauses
High · 0 Medium · 1 Standard · 0
1. OFAC Sanctions Compliance. Neither the Assignee, nor any of its directors, officers, e
1. OFAC Sanctions Compliance. Neither the Assignee, nor any of its directors, officers, employees, or agents, nor, to the Assignee's knowledge (after due inquiry), any person owning a direct or indirect beneficial interest in the Assignee, is currently the subject or target of any sanctions administered or enforced by the Office of Foreign Assets Control of the United States Department of the Treasury ("OFAC"), the U
2. EU Sanctions Compliance. Neither the Assignee, nor any of its directors, officers, emp
2. EU Sanctions Compliance. Neither the Assignee, nor any of its directors, officers, employees, or agents, nor, to the Assignee's knowledge (after due inquiry), any person owning a direct or indirect beneficial interest in the Assignee, is currently the subject or target of any sanctions administered or enforced by the European Union, including, without limitation, any person designated under Council Regulation (EU)
3. UK/OFSI Sanctions Compliance. To the extent the Assignee has any nexus to the United K
3. UK/OFSI Sanctions Compliance. To the extent the Assignee has any nexus to the United Kingdom (including, without limitation, if the Assignee is a UK person, has operations in the United Kingdom, or transacts in British pounds sterling), neither the Assignee, nor any of its directors, officers, employees, or agents, nor, to the Assignee's knowledge (after due inquiry), any person owning a direct or indirect benefic
4. Anti-Money Laundering Compliance. The Assignee is in compliance with all applicable An
4. Anti-Money Laundering Compliance. The Assignee is in compliance with all applicable Anti-Money Laundering Laws (as defined in the Credit Agreement), including, without limitation, (a) the USA PATRIOT Act (Title III of Pub. L. 107–56), (b) the Bank Secrecy Act (31 U.S.C. §§ 5311–5332), and (c) to the extent the Assignee participates in the EUR Sub-Tranche or otherwise has a nexus to the Federal Republic of Germany,
5. Beneficial Ownership. No person owning a direct or indirect beneficial interest of mor
5. Beneficial Ownership. No person owning a direct or indirect beneficial interest of more than twenty-five percent (25%) in the Assignee (each, a "Beneficial Owner") is a Sanctioned Person (as defined in the Credit Agreement) or is otherwise the subject or target of any sanctions described in paragraphs 1 through 3 above. 6. upstream Fund Investors. To the Assignee's knowledge (after due inquiry), no upstream fund i
7. No Violation. The Assignee's entry into the Assignment and Assumption, its acquisition Medium
⚑ Forum / governing law
7. No Violation. The Assignee's entry into the Assignment and Assumption, its acquisition of the Assigned Interest, and its participation in the Loans under the Credit Agreement will not violate any applicable sanctions laws, Anti-Money Laundering Laws, or other applicable laws or regulations relating to terrorism financing, money laundering, or economic sanctions. The undersigned certifies that the foregoing represe