Economic Sanctions Compliance. Purchaser represents that neither Purchaser nor any of its subsidiaries or, to the knowledge of the Purchaser, any director, officer, employee, agent, affiliate or representative of the Purchaser is an individual or entity (“Person”) currently the subject of any sanctions administered or enforced by the United States Department of Treasury’s Office of Foreign Assets Control (“OFAC”), or other relevant sanctions authority (collectively, “Sanctions”), nor is Purchaser located, organized or resident in a country or territory that is the subject of Sanctions; and Purchaser represents and covenants that it has not knowingly engaged in, is not now knowingly engaged in, and shall not engage in, any dealings or transactions with any Person, or in any country or territory, that is the subject of Sanctions.
Economic Sanctions Compliance. Purchaser represents that neither Purchaser nor any of its subsidiaries or, to the knowledge of Purchaser, any director, officer, employee, agent, affiliate or representative of the Purchaser is an individual or entity (“Person”) currently the subject of any sanctions administered or enforced by the United States Department of Treasury’s Office of Foreign Assets Control (“OFAC”), or other relevant sanctions authority, nor is Purchaser located, organized or resident in a country or territory that is the subject of sanctions; and Purchaser represents and covenants that it has not knowingly engaged in, is not now knowingly engaged in, and shall not engage in, any dealings or transactions with any Person, or in any country or territory, that is subject of sanctions.
Economic Sanctions Compliance. Requirements The requirements within a., b. and c. here below are the “Economic Sanctions Requirements”: a. You represent and warrant on the date of this Agreement, on the date of any invoice issued under this Agreement or a related PO, on each date on which each shipment or delivery of products, services and/or materials is dispatched and on each date on which any invoice is settled, that you are: (1) not named on a governmental asset freezing or restricted list, including but not limited to: the United Kingdom Consolidated List of Sanctions Targets, the European Union Consolidated List of Persons, Groups, and Entities subject to EU financial sanctions and the United States Specially Designated Nationals and Blocked Persons List; (2) not organized under the laws of, or providing services or goods from, a jurisdiction subject to comprehensive sanctions; and (3) not controlled, or owned (directly or indirectly) 50% or more in the aggregate, by one or more of any of the foregoing (together, "Restricted Party"), and (4) has not breached any Trade Control Laws.
Economic Sanctions Compliance. The Seller and each of its Subsidiaries is and has been since January 31, 2016 in compliance with all applicable economic sanctions laws and regulations, including those administered by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”), in each case, with respect to the Business. To the Knowledge of the Seller, since January 31, 2016, none of the Seller or its Subsidiaries has engaged in, nor is it engaging in, any dealings or transactions with (i) any Person that at the time of the dealing or transaction is or was the subject or the target of sanctions administered by OFAC or (ii) any person in Cuba, Iran, Syria, North Korea, or the Crimea region of Ukraine, in each case, with respect to the Business. Without limiting the foregoing, there have been no Actions, nor are there any pending, or to the Seller’s Knowledge, any threatened Actions, by any Governmental Authority of potential violations against the Seller or any of its Subsidiaries with respect to compliance with economic sanctions laws or regulations, in each case, relating to the Business.
Economic Sanctions Compliance. 40.2.1. Contractor represents and warrants that, with respect to its obligations under this Agreement and any other agreement with STELCO, it is currently in compliance with, and shall remain in compliance with, all Applicable Laws which prohibit, among other things, engaging in transactions with, and providing services to, certain countries, territories, entities and individuals.
40.2.2. Contractor further represents and warrants that none of the services that it provides to STELCO, including any goods supplied as a part of such services, shall involve, require interaction with, concern, or relate to, in whole or in part, any with any person with whom transactions are prohibited under applicable sanctions established pursuant to Applicable Laws. Contractor further represents and warrants that no part of the proceeds from any transaction with STELCO constitutes or will constitute funds obtained on behalf of any such person or will otherwise be used, directly or indirectly, in connection with any investment in, or any transactions or dealings with, any such person.
40.2.3. Contractor hereby acknowledges and agrees that Contractor’s breach of any of the terms of this Article 40.2 at any time during the term of this Agreement shall be a material breach of this Agreement.
40.2.4. Contractor hereby agrees to indemnify, defend and hold harmless STELCO and its officers, directors, and employees from and against any and all claims, demands, damages, costs, penalties and fines arising in connection with any alleged breach by Contractor or its agents of this representation and warranty. STELCO may reject, suspend, or cancel any transaction involving a sanctioned person without penalty or payment for the rejected, suspended, or cancelled services, and/or cancel or terminate this Agreement or any applicable agreement in whole or in part, if it has a good faith basis for believing that Contractor or its agent has violated or intends to violate the above representation and warranty. Contractor shall pay all costs, additional fees, penalties, rush payments, and damages for nonconforming services furnished in violation of this Article 40, including, but not limited to, any damages incurred as a result of STELCO having to purchase the services from an alternative seller.
Economic Sanctions Compliance. (a) Such Company and each of its Subsidiaries are and, since January 1, 2016 have been in compliance with all applicable Sanctions and economic sanctions laws and regulations, including those administered by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”).
(b) Except as set forth in Section 4.17(b) of the applicable Company Disclosure Letter, none of such Company or its Subsidiaries is now knowingly engaging in, nor since January 1, 2016 has engaged in, any dealings or transactions with (i) any person that at the time of the dealing or transaction is or was the subject or the target of Sanctions, or (ii) any person in Cuba, Iran, Sudan, Syria, North Korea, or the Crimea region of Ukraine.
(c) Without limiting the foregoing, since January 1, 2018, there have been no claims or investigations, nor are there any pending, or to the Knowledge of such Company, any threatened claims or investigations, by any governmental agency or regulatory authority of potential violations against such Company or any of its Subsidiaries with respect to compliance with Sanctions.
Economic Sanctions Compliance. (a) The Company and each of its Subsidiaries are and have been in material compliance with all applicable economic sanctions laws and regulations, including those administered by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”).
(b) Except as set forth in Schedule 3.27, none of the Company or its Subsidiaries has engaged in any dealings or transactions with (i) any Person that at the time of the dealing or transaction is or was the subject or the target of sanctions administered by OFAC, or (ii) any person in Cuba, Iran, Sudan, Syria, North Korea, or the Crimea region of Ukraine.
Economic Sanctions Compliance. Requirements The requirements within a., b. and c. here below are the “Economic Sanctions Requirements”: a. You represent and warrant on the date of this Agreement, on the date of any invoice issued under this Agreement or a related PO, on each date on which each shipment or delivery of products, services and/or materials is dispatched and on each date on which any invoice is settled, that you are: (1) not named on a governmental asset freezing or restricted list, including but not limited to: the United 6.
Economic Sanctions Compliance. (i) The Company and each of its Subsidiaries are and, since January 1, 2013, have been in material compliance with all applicable economic sanctions laws or trade restrictions administered or enforced by the U.S. government (including the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or the Bureau of Industry and Security of the U.S. Department of Commerce), the United Nations Security Council, the European Union, or Her Majesty’s Treasury (collectively, “Sanctions”).
Economic Sanctions Compliance. Seller represents and warrants that, with respect to its supply obligations under this contract and any other agreement with Purchaser, it is currently in compliance with, and shall remain in compliance with, the laws, regulations and Executive Orders administered by the Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury, which prohibit, among other things engaging in transactions with, and providing services to, certain countries, territories, entities and individuals. Seller represents and warrants that neither Seller nor any person having a beneficial interest in Seller is (i) a Person whose name appears on the list of Specially Designated Nationals and Blocked Persons published by OFAC (an “OFAC Listed Person”) or (ii) a department, agency or instrumentality of, or is otherwise directly or indirectly controlled by or acting on behalf of any OFAC Listed Person or the government of a country subject to comprehensive U.S. economic sanctions administered by OFAC (each OFAC Listed Person and each other entity and country described in clause (ii), a “Blocked Person”).
