Additional Promises by Individuals Sample Clauses
The "Additional Promises by Individuals" clause requires specific individuals, often key stakeholders or signatories, to make further commitments beyond those outlined in the main agreement. These promises may include personal guarantees, non-compete obligations, or assurances regarding the performance of certain duties. By imposing these extra obligations, the clause provides added security and assurance to the other party, helping to mitigate risks associated with individual actions or potential non-performance.
Additional Promises by Individuals. If you are a natural person (not an entity), you also promise that:
5.22.1. U.S. Citizen or Resident You are a citizen or permanent resident (green card) of the United States.
5.22.2. Financial Wherewithal You can afford this investment, even if you lose your money. You don’t rely on this money for your current needs, like rent or utilities.
5.22.3. Anti-Terrorism and Money Laundering Laws None of the money used to purchase the Note was derived from or related to any activity that is illegal under United States law, and you are not on any list of “Specially Designated Nationals” or known or suspected terrorists that has been generated by the Office of Foreign Assets Control of the United States Department of Treasury (“OFAC”), nor are you a citizen or resident of any country that is subject to embargo or trade sanctions enforced by OFAC.
Additional Promises by Individuals. If you are a natural person (not an entity), you also promise that:
Additional Promises by Individuals. If you are a natural person (not an entity), you also promise that:
5.22.1. U.S. Citizen or Resident
Additional Promises by Individuals. If you are a natural person (not an entity), you also promise that:
5.22.1. U.S. Citizen or Resident You are a citizen or permanent resident (green card) of the United States.
5.22.2. Financial Wherewithal You can aRord this investment, even if you lose your money. You don’t rely on this money for your current needs, like rent or utilities.
5.22.3. Anti-Terrorism and Money Laundering Laws Designated Nationals” or known or suspected terrorists that has been generated by the Office of Foreign Assets Control of the United States Department of Treasury (“OFAC”), nor are you a citizen or resident of any country that is subject to embargo or trade sanctions enforced by OFAC.
Additional Promises by Individuals. If Purchaser is a natural person (not an entity):