Embargoed Person. At all times throughout the term of the Loan, including after giving effect to any Transfers permitted pursuant to the Loan Documents, # none of the funds or other assets of any Borrower, any Principal or any Guarantor shall constitute property of, or shall be beneficially owned, directly or indirectly, by any Person subject to trade restrictions under the Prescribed Laws (each such Person, an “Embargoed Person”) with the result that the Loan made by the Lender is or would be in violation of law; # no Embargoed Person shall have any interest of any nature whatsoever in any Borrower, any Principal or any Guarantor, as applicable, with the result that the Loan is or would be in violation of law; and # none of the funds of any Borrower, any Principal or any Guarantor, as applicable, shall be derived from any unlawful activity with the result that the Loan is or would be in violation of law.

At all times throughout the term of the Loan, including after giving effect to any Transfers permitted pursuant to the Loan Documents, # none of the funds or other assets of any Borrower, any PrincipalBorrower or any Guarantor shall constitute property of, or shall be beneficially owned, directly or indirectly, by any Person subject to trade restrictions under the Prescribed Laws (each suchEmbargoed Person, an “Embargoed Person”) with the result thator the Loan made by the Agent and the Lender is or would be in violation of law;law, # no Embargoed Person shall have any interest of any nature whatsoever in any Borrower, any PrincipalBorrower or any Guarantor, as applicable, with the result that the investment in such Borrower or such Guarantor, as applicable (whether directly or indirectly), would be prohibited by law or the Loan is or would be in violation of law;law, and # none of the funds of any Borrower, any PrincipalBorrower or any Guarantor, as applicable, shall be derived from any unlawful activity with the result that the investment in such Borrower or such Guarantor, as applicable (whether directly or indirectly), would be prohibited by law or the Loan is or would be in violation of law.

At all times throughout the term of the Loan, including after giving effect to any Transferstransfers permitted pursuant to the Loan Documents, # none of the funds or other assets of any Borrower, any Principal or any Guarantor shall​ Party constitute property of, or shall beare beneficially owned, directly or indirectly, by any Personperson, entity or government subject to trade restrictions under U.S. law, including, but not limited to, the Prescribed Laws (each such Person, an “Embargoed Person”)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 Orders or regulations promulgated thereunder with the result that the investment in such ​ Party (whether directly or indirectly), is prohibited by law or the Loan made by the Lender​ is or would be in violation of law;law (“Embargoed Person”); # no Embargoed Person shall havehas any interest of any nature whatsoever in any Borrower, any Principal or any Guarantor, as applicable,​ Party with the result that the investment in any ​ Party (whether directly or indirectly), is prohibited by law or the Loan is or would be in violation of law; and # none of the funds of any Borrower, any Principal or any Guarantor, as applicable, shall be​ Party have been derived from any unlawful activity with the result that the investment in any ​ Party (whether directly or indirectly), is prohibited by law or the Loan is or would be in violation of law.