Common use of Prohibited Lists Clause in Contracts

Prohibited Lists. Inner Spirit is not named on or blocked by any of the following lists (the "Prohibited Lists") promulgated by the Department of Foreign Affairs, Trade and Development Canada, or the Department of Public Safety Canada: (i) the List of Names subject to the Regulations Establishing a List of Entities made under subsection 83.05(1) of the Criminal Code (Canada); and (ii) the List of Names subject to the Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism, Inner Spirit acknowledges and agrees that because the foregoing lists are subject to change from time to time, it is the responsibility of Inner Spirit to ensure that the lists are current as of the time this Agreement is executed.

Appears in 2 contracts

Sources: Investment Agreement, Investment Agreement