Common use of Import Laws Clause in Contracts

Import Laws. (a) Sellers and the Acquired Subsidiaries have during the past two years conducted the Business in compliance in all material respects with Applicable Import Laws to the extent applicable to Sellers and the Acquired Subsidiaries. (b) To the Knowledge of Sellers, none of the Sellers nor the Acquired Subsidiaries nor, to Sellers’ Knowledge, any third party associated with Sellers and Acquired Subsidiaries and engaged in the Business, including but not limited to any agent, representative, consultant, vendor, contractor, broker, finder, distributor, partner, reseller, or any other similar person, nor any supplier or customer, is or has been during the past two years the subject of any formal investigation, inquiry or enforcement proceedings by any governmental, administrative or regulatory body or any customer, regarding any offense or alleged offense under Applicable Import Laws connection with or relating to the Business in any way.