Common use of Export Control and Sanctions Clause in Contracts

Export Control and Sanctions. 20.1. Neither party, nor any of its respective directors or officers: (a) is an entity identified on, or owned or controlled by, or acting on behalf of, any individuals or entities identified on an applicable restricted party list; or (b) is organized under the laws of, ordinarily resident in, located in, or acting on behalf of, any jurisdiction(s) subject to comprehensive sanctions, including Russia, Cuba, Iran, North Korea, Syria, and Crimea. Each Party agrees to inform the other if any of the foregoing ceases to be true.‌

Export Control and Sanctions. 20.1. Neither party, nor any of its respective directors or officers: (a) is an entity identified on, or owned or controlled by, or acting on behalf of, any individuals or entities identified on an applicable restricted party list; or (b) is organized under the laws of, ordinarily resident in, located in, or acting on behalf of, any jurisdiction(s) subject to comprehensive sanctions, including Russia, Cuba, Iran, North Korea, Syria, and Crimea. Each Party agrees to inform the other if any of the foregoing ceases to be true.‌true.