Common use of IMPORTS AND EXPORTS Clause in Contracts

IMPORTS AND EXPORTS. Each applicable United States and other Customs Duty with respect to the Company and each Transferred Subsidiary has been paid. With respect to the imports into and exports from the United States of the Company and each Transferred Subsidiary (if any), (a) adequate cash deposits and bonds have been posted with respect to all entries that are not yet liquidated and final and (b) no entry has been subjected to suspension of liquidation pursuant to antidumping or countervailing duty orders. Neither the Company nor any Transferred Subsidiary is the subject of any United States Customs and Border Protection prepenalty notice or penalty claim, claim for liquidated damages or claim for redelivery of merchandise to customs custody. The Company and each Transferred Subsidiary has maintained at least five years’ worth of import records as required by sections 508 and 509 of the Tariff Act of 1930 (to the extent applicable to the Company or any Transferred Subsidiary). “Customs Duty” means any Tax, tariff, fee, expense, processing charge or other impost imposed by any Governmental Authority upon any item by reason of such item’s importation into the United States or any other country.

IMPORTS AND EXPORTS. Each applicable United States and other Customs Duty with respect to the Company and each Transferred Subsidiary of its predecessors has been paid. With respect to the imports into and exports from the United States of the Company and each Transferred Subsidiary or any of its predecessors (if any), (a) adequate cash deposits and bonds have been posted with respect to all entries that are not yet liquidated and final and (b) no entry has been subjected to suspension of liquidation pursuant to antidumping or countervailing duty orders. Neither the Company nor any Transferred Subsidiary of its predecessors is the subject of any United States Customs and Border Protection prepenalty notice or penalty claim, claim for liquidated damages or claim for redelivery of merchandise to customs custody. The Company and each Transferred Subsidiary its predecessors has maintained at least five years’ worth of import records as required by sections 508 and 509 of the Tariff Act of 1930 (to the extent applicable to the Company or any Transferred Subsidiaryits predecessors). “Customs Duty” means any Tax, tariff, fee, expense, processing charge or other impost imposed by any Governmental Authority upon any item by reason of such item’s importation into the United States or any other country.