Sanction Clause Clause Samples

Sanction Clause. 10.1. Buyer hereby certifies that the Products purchased from CBMM will not be sold or transferred to a restricted destination, person or entity, or be transported on a vessel or by other carrier owned, flagged or chartered by any country, person, or entity or shipped through any country which may cause CBMM or any of the CBMM affiliates to be in violation of or be penalized by any economic sanctions laws, regulations or restrictions ("Restricted Entity/Zone”) and any applicable export control laws. 10.2. Buyer shall also not apply the Products as raw materials to its endproducts which would be sold to or shipped through any Restricted Entity/Zone. Buyer ensures that the use of the Products shall be in compliance with any applicable export control laws. CBMM has the right to reject any sale if it would relate to any restricted destination, vessel, person or entity. 10.3. CBMM has determined as an internal policy matter that it will not sell its Products to or through Crimea, Cuba, Iran, North Korea, or Syria. 10.4. In this sense, ▇▇▇▇▇ agrees not to use or transfer to third parties the Products or its end-products which contain the Products to or through Crimea, Cuba, Iran, North Korea, or Syria. 10.5. CBMM has determined as an internal policy matter that it will not sell its products for use in Russian energy export pipelines. In this sense, Buyer agrees that it will not sell the Products or its end-products which contain the Products directly or indirectly for use in Russian energy export pipelines (where this term refers to pipelines that originate in the Russian Federation and transport hydrocarbons across an international land or maritime border for delivery to another country). 10.6. In addition CBMM has determined as an internal policy matter that it will not sell its products to any restricted party on the U.S., EU, or UN sanctions lists or to any party owned or controlled fifty percent or more in the aggregate by one or more blocked persons or other persons identified on such lists. In this sense, ▇▇▇▇▇ agrees that it will not sell the Products or its endproducts which contain the Products to any restricted party on the U.S., EU, or UN sanctions lists, or to any party owned or controlled fifty percent or more in the aggregate by one or more blocked persons or other persons identified on such lists. 10.7. Buyer represents and warrants that it is not blocked, sanctioned or in any way identified on the U.S., EU, or UN sanctions lists, and that it is ...

Sanction Clause. No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, Georgia, the United Kingdom or the United States of America (provided that this does not violate any regulation or specific national law applicable to the undersigned (re)insurer).

Sanction Clause. Neither the Reinsurer nor the Ceding Company shall be deemed to provide cover and neither the Reinsurer nor the Ceding Company shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose either the Reinsurer or the Ceding Company to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America.

Sanction Clause. No insurer shall be deemed to provide cover and no insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment or such claim or provision of such benefit would expose that insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanction, laws or regulations of the European Union, United Kingdom or United States of America.

Sanction Clause. This policy may provide cover for members residing outside of Singapore, however, in most cases we cannot cover the member if he/she is a national of his/her resident country (other than Singapore). In addition, country specific regulations may impact a person’s eligibility to be a member. AXA Insurance Singapore may be required to apply legitimate international sanctions to this policy. In such a case AXA Insurance Singapore may be unable to meet its full obligations under the terms of this policy where to do so would render it subject to legal action under international or domestic law. AXA Insurance Singapore may be required to apply legitimate international law. We and other service providers will not provide cover or pay claims under this policy if doing so would expose us or the service provider to a breach of international economic sanctions, laws or regulations, including but not limited to those provided for by the European Union, United Kingdom, United States of America, Singapore or under an United Nations resolution. If a potential breach is discovered, where possible we will advise you in writing as soon as we can.

Sanction Clause. Each of the Buyers and the Sellers confirm that they do not do business with, and are not located in, any nation subject to broad-based sanctions by the United Nations and / or the European Union and/or Canada and/ or the United States of America (including but not limited to the sanctions by the United States Department of the Treasury’s Office of Foreign Asset Control (OFAC) (collectively, “Sanctions Authorities”), including Iran, North Korea, Cuba, Russia or Syria. Each of the Buyers and the Sellers further confirms that neither they nor any of their affiliates, owners, officers, directors, or employees are sanctioned (“Sanctioned Entity”) pursuant to OFAC’s Specially Designated Nationals List (“SDN List”) or any other sanctions list of any Sanctions Authority. Each of the Buyers and the Sellers further confirms that neither they nor any of their affiliates are owned or controlled 50 per cent or more in the aggregate by companies and/or individuals sanctions under the SND list or any other sanctions list of any sanctions authority. Each of the Buyers and the Sellers further confirms that they shall indemnify and compensate the other for any consequential costs and/or damages to the other arising out of their failure to comply with this clause. Each of the Buyers and the Sellers confirms that within the past five(5) years none of its respective owners, officers, directors, or employees are or have been (a) involved in any prior, pending or threatened enforcement investigation or proceeding regarding any actual, alleged or possible non- compliance with sanctions, anti-terrorism, anti- bribery/corruption, fraud, or anti- money laundering laws and regulations or (b) the subject of or provided any voluntary self-disclosure, or any prior disclosure or other submission to any government agency in connection with questions or concerns associated with actual, alledged or possible non-compliance with sanctions , anti-terrorism, anti- bribery/corruption, fraud, or anti-money laundering laws and regulations. Also Sellers covenants, represents and warrants that the Vessel has not been used by Sellers in support of or for the benefit of any person, entity or country subject to blocking or asset freeze sanctions under the laws and regulations of sanctions authorities, as that term is defined in the clause. The Sellers and Buyers, warrant, represent and undertake on a continuing basis: (a) That neither the Sellers nor Buyers; nor any person, entity or body on whose beh...

Sanction Clause. This policy may provide cover for members residing outside of Singapore, however, in most cases we cannot cover the member if he/she is a national of his/her resident country (other than Singapore). In addition, country specific regulations may impact a person’s eligibility to be a member. HSBC Life may be required to apply legitimate international sanctions to this policy. In such a case HSBC Life may be unable to meet its full obligations under the terms of this policy where to do so would render it subject to legal action under international or domestic law. HSBC Life may be required to apply legitimate international law. We and other service providers will not provide cover or pay claims under this policy if doing so would expose us or the service provider to a breach of international economic sanctions, laws or regulations, including but not limited to those provided for by the European Union, United Kingdom, United States of America, Singapore or under an United Nations resolution. If a potential breach is discovered, where possible we will advise you in writing as soon as we can.

Sanction Clause. Oriental Insurance Company Ltd (the "Company") adheres to international trade and economic sanctions which apply in the United Arab Emirates and all other jurisdictions where the Company and any other party with whom it transacts business. These include, but are not limited to, sanctions issued by the United Nations, the United States of America and the European Union, as implemented and enforced by sovereign states and governments worldwide, including the Office of Foreign Assets Control ("OFAC") of the U.S. Treasury Department (the "Sanctions"). The Company will not provide cover, nor take any action whatsoever under any policy or otherwise, including but not limited to payment or handling of claims under this Policy, in circumstances where the Company in its sole discretion considers that such action: a) constitutes or may constitute a contravention of the Sanctions; or b) is or could potentially be for the benefit of, whether directly or indirectly, and/or related to any person, including any natural person, body corporate or unincorporated, unincorporated association, government or state and/or agencies in which they may have an interest, which may be subject to the Sanctions; or c) constitutes or may constitute an action which it or any affiliated entity (including any subsidiary, holding or parent company) is prohibited from undertaking by virtue of the Sanctions. The Insured shall provide such information or documentation as may be required by the Company which shall enable the Company, in its sole discretion, to consider the application of this provision. All other terms, exclusions, conditions and limitations of this Policy shall remain unchanged. In the event of any conflict with the terms of the Policy, this provision shall take precedence.

Sanction Clause any legal liability to the extent that the provision of such cover payment or such Claim or provision of such benefit would expose the Insurer to any sanction prohibition or restriction under United Nations resolutions or trade or economic sanctions laws or regulations of the European Union one of its member states or United Kingdom or India or the United States of America.