Common use of Import Export Compliance Clause in Contracts

Import Export Compliance. To the knowledge of the Company, the Company has paid all duties, tariffs, customs, penalties, merchandise processing fees or other payments required to be paid with respect to the importation or exportation of any products or merchandise by the Company, and, to the knowledge of the Company, the Company has complied and is in compliance with (a) United States and foreign laws and regulations governing the importation or exportation of products or merchandise, and (b) the Foreign Corrupt Practices Act of 1977 and any other laws regarding the use of funds for political activity or commercial bribery. The Company has not been nor is the subject of any civil or criminal litigation, audit, penalty proceeding or assessment, liquidated damages proceeding or claim, forfeiture or forfeiture action, claim for additional customs duties or fees, denial orders, export penalty or penalty proceeding, suspension of export privileges, governmental sanctions, or any other action, proceeding, claim or, to the knowledge of the Company, investigation by any foreign, federal, state or local governmental agency involving or otherwise relating to any alleged or actual violation of any statutes, executive orders, proclamations, regulations, rules, directives, decrees, ordinances or similar provisions having the force or effect of law concerning the importation of merchandise, the export or re-export of products, services and technology, the terms and conduct of international transactions, or making or receiving international payments, or relating to any alleged or actual underpayment of customs duties, fees, taxes or other amounts owed with respect thereto.

Appears in 2 contracts

Sources: Asset Purchase Agreement (NeuroMetrix, Inc.), Asset Purchase Agreement (NeuroMetrix, Inc.)