Common use of Management Commitment Clause in Contracts

Management Commitment. i) Respondent commits to ensuring that its Senior Management, including the organization’s Chief Executive Officer and General Counsel, if any, are committed to supporting Respondent’s OFAC compliance program. ii) Respondent commits to ensuring that its compliance unit(s) are delegated sufficient authority and autonomy to deploy its policies and procedures in a manner that effectively controls Respondent’s OFAC risk. iii) Respondent commits that Senior Management has reviewed and approved the Respondent’s sanctions compliance program. iv) Respondent commits to ensuring that its compliance unit(s) receive adequate resources, including in the form of human capital, information technology, and other resources, as appropriate. v) Respondent commits to ensuring that Senior Management promotes a “culture of compliance” throughout the organization and empowers its sanctions compliance program and personnel.

Management Commitment. i) i. Respondent commits to ensuring that its Senior Management, including the organization’s Chief Executive Officer and General Counsel, if any, are committed to supporting Respondent’s OFAC compliance program. ii) . Respondent commits to ensuring that its compliance unit(s) are delegated sufficient authority and autonomy to deploy its policies and procedures in a manner that effectively controls Respondent’s OFAC risk. iii) . Respondent commits that Senior Management has reviewed and approved the Respondent’s sanctions compliance program. iv) . Respondent commits to ensuring that its compliance unit(s) receive adequate resources, including in the form of human capital, information technology, and other resources, as appropriate. v) v. Respondent commits to ensuring that Senior Management promotes a “culture of compliance” throughout the organization and empowers its sanctions compliance program and personnel.