Common use of Management Commitment Clause in Contracts

Management Commitment. i. Acteon commits to ensuring that its senior management, including the organization’s Chief Executive Officer and the Group General Counsel, are committed to supporting 2H Offshore’s OFAC compliance program. ii. Acteon and 2H Offshore commit to ensuring their respective compliance units are delegated sufficient authority and autonomy to deploy their policies and procedures in a manner that effectively controls 2H Offshore’s OFAC risk. iii. 2H Offshore commits that senior management has reviewed and approved its sanctions compliance plan. iv. Acteon and 2H Offshore commit to ensuring that their respective compliance units receive adequate resources, including in the form of human capital, information technology, and other resources, as appropriate. v. Acteon and 2H Offshore’s Boards, and Acteon’s Compliance Committee, commit to ensuring that senior management promotes a “culture of compliance” throughout the organizations and empowers their sanctions compliance programs and personnel.