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This excerpt taken from the EYE 8-K filed Apr 3, 2007. 8.24 Embargoed Person. Cause or knowingly permit (a) any of the funds or properties of the Loan Parties that are used to repay the Loans to constitute property of, or be beneficially owned directly or indirectly by, any person subject to sanctions or trade restrictions under United States law (Embargoed Person or Embargoed Persons) that is identified on (1) the List of Specially Designated Nationals and Blocked Persons maintained by OFAC and/or on any other similar list maintained by OFAC pursuant to any authorizing statute including, but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Order or Requirement of Law promulgated thereunder, with the result that the investment in the Loan Parties (whether directly or indirectly) is prohibited by any applicable Laws, or the Loans made by the Lenders would be in violation of any applicable Laws, or (2) Executive Order No. 13224 on Terrorist Financing,
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effective September 24, 2001, any related enabling legislation or any other similar executive orders or (b) any Embargoed Person to have any direct or indirect interest of any nature whatsoever in the Loan Parties, with the result that the investment in the Loan Parties (whether directly or indirectly) is prohibited by any applicable Laws or the Loans are in violation of any applicable Laws. |
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