Common use of Economic Sanctions Clause in Contracts

Economic Sanctions. Without limiting the foregoing, SELLER shall, and shall require its agents, representatives and affiliates who provide Goods or Services in connection with an Order, comply with all applicable economic sanctions, embargoes or blockades which prohibit dealings and transactions with or involving certain countries, territories, organizations, entities or individuals, including but not limited to the U.S. economic sanctions and export control laws and regulations (collectively, "OFAC Regulations") and the European Union economic sanctions. In connection with the OFAC Regulations, SELLER represents and warrants that: (i) neither it, nor any of its owners, directors, workers or employees is: a) a Specially Designated National ("SDN"); b) a blocked person; or c) listed or subject to other Sanctions Lists administered by the U.S. Department of Treasury Office of Foreign Assets Control ("OFAC") each, an " OFAC-listed Person"; (ii) neither it, nor any of its owners or senior managers is a department, agency or instrumentality of, or is otherwise directly or indirectly controlled by or acting for or on behalf of an OFAC-listed Person or the government of any country that is subject to OFAC Regulations, including but not limited to, Cuba, Iran, North Korea, Sudan and Syria; (iii) none of the funds or other property used by SELLER to perform any of its obligations constitute or will constitute blocked funds, property or interests in property under the OFAC Regulations; (iv) neither it nor any of its owners or suppliers will sell or divert products contrary to OFAC Regulations; and (v) inclusion of SELLER, or any of its owners, managers or anyone associated with any of them, as an OFAC-listed Person shall constitute grounds for immediate termination of this Agreement or any other order, contract or agreement, without recourse to SELLER.

Economic Sanctions. Without limiting the foregoing, SELLER shall, and shall require its agents, representatives and affiliates who provide Goods or Services in connection with an Order, comply with all applicable economic sanctions, embargoes or blockades which prohibit dealings and transactions with or involving certain countries, territories, organizations, entities or individuals, including but not limited to the U.S. economic sanctions and export control laws and regulations (collectively, "OFAC Regulations") and the European Union economic sanctions. In connection with the OFAC Regulations, SELLER represents and warrants that: (i) neither it, nor any of its owners, directors, workers or employees is: a) a Specially Designated National ("SDN"); b) a blocked person; or c) listed or subject to other Sanctions Lists administered by the U.S. Department of Treasury Office of Foreign Assets Control ("OFAC") each, an " OFAC-listed PersonlistedPerson"; (ii) neither it, nor any of its owners or senior managers is a department, agency or instrumentality of, or is otherwise directly or indirectly controlled by or acting for or on behalf of an OFAC-listed Person or the government of any country that is subject to OFAC Regulations, including but not limited to, Cuba, Iran, North Korea, Sudan and Syria; (iii) none of the funds or other property used by SELLER to perform any of its obligations constitute or will constitute blocked funds, property or interests in property under the OFAC Regulations; (iv) neither it nor any of its owners or suppliers will sell or divert products contrary to OFAC Regulations; and (v) inclusion of SELLER, or any of its owners, managers or anyone associated with any of them, as an OFAC-listed Person shall constitute grounds for immediate termination of this Agreement or any other order, contract or agreement, without recourse to SELLER.

Economic Sanctions. Without limiting the foregoing, SELLER shall, and shall require its agents, representatives and affiliates who provide Goods or Services in connection with an Order, comply with all applicable economic sanctions, embargoes or blockades which prohibit dealings and transactions with or involving certain countries, territories, organizations, entities or individuals, including but not limited to the U.S. economic sanctions and export control laws and regulations (collectively, "OFAC Regulations") and the European Union economic sanctions. In connection with the OFAC Regulations, SELLER represents and warrants that: (i) neither it, nor any of its owners, directors, workers or employees is: a) a Specially Designated National ("SDN"); b) a blocked person; or c) listed or subject to other Sanctions Lists administered by the U.S. Department of Treasury Office of Foreign Assets Control ("OFAC") each, an " "OFAC-listed Person"; (ii) neither it, nor any of its owners or senior managers is a isa department, agency or instrumentality of, or is otherwise directly or indirectly controlled by or acting for or on behalf of an OFAC-listed Person or the government of any country that is subject to OFAC Regulations, including but not limited to, Cuba, Iran, North Korea, Sudan and Syria; (iii) none of the funds or other property used by SELLER to perform any of its obligations constitute or will constitute blocked funds, property or interests in property under the OFAC Regulations; (iv) neither it nor any of its owners or suppliers will sell or divert products contrary to OFAC Regulations; and (v) inclusion of SELLER, or any of its owners, managers or anyone associated with any of them, as an OFAC-listed Person shall constitute grounds for immediate termination of this Agreement or any other order, contract or agreement, without recourse to SELLER.

Economic Sanctions. Without limiting the foregoing, SELLER shall, and shall require its agents, representatives and affiliates who provide Goods or Services in connection with an Order, comply with all applicable economic sanctions, embargoes or blockades which prohibit dealings and transactions with or involving certain countries, territories, organizations, entities or individuals, including but not limited to the U.S. economic sanctions and export control laws and regulations (collectively, "OFAC Regulations") and the European Union economic sanctions. In connection with the OFAC Regulations, SELLER represents and warrants that: (i) neither it, nor any of its owners, directors, workers or employees is: a) a Specially Designated National ("SDN"); b) a blocked person; or c) listed or subject to other Sanctions Lists administered by the U.S. Department of Treasury Office of Foreign Assets Control ("OFAC") each, an " "OFAC-listed Person"; (ii) neither it, nor any of its owners or senior se nior managers is a department, agency or instrumentality of, or is otherwise directly or indirectly controlled by or acting for or on behalf of an OFAC-listed Person or the government of any country that is subject to OFAC Regulations, including but not limited to, Cuba, Iran, North Korea, Sudan and Syria; (iii) none of the funds or other property used by SELLER to perform any of its obligations constitute or will constitute blocked funds, property or interests in property under the OFAC Regulations; (iv) neither it nor any of its owners or suppliers will sell or divert products contrary to OFAC Regulations; and (v) inclusion of SELLER, or any of its owners, managers or anyone associated with any of them, as an OFAC-listed Person shall constitute grounds for immediate termination of this Agreement or any other order, contract or agreement, without recourse to SELLER.

Economic Sanctions. Without limiting the foregoing, SELLER shall, and shall require its agents, representatives and affiliates who provide Goods or Services in connection with an Order, comply with all applicable economic sanctions, embargoes or blockades which prohibit dealings and transactions with or involving certain countries, territories, organizations, entities or individuals, including but not limited to the U.S. economic sanctions and export control laws and regulations (collectively, "OFAC Regulations") and the European Union economic sanctions. In connection with the OFAC Regulations, SELLER represents and warrants that: (i) neither it, nor any of its owners, directors, workers or employees is: a) a Specially Designated National ("SDN"); b) a blocked person; or c) listed or subject to other Sanctions Lists administered by the U.S. Department of Treasury Office of Foreign Assets Control ("OFAC") each, an " "OFAC-listed PersonlistedPerson"; (ii) neither it, nor any of its owners or senior sen ior managers is a department, agency or instrumentality of, or is otherwise directly or indirectly controlled by or acting for or on behalf of an OFAC-listed Person or the government of any country that is subject to OFAC Regulations, including but not limited to, Cuba, Iran, North Korea, Sudan and Syria; (iii) none of the funds or other property used by SELLER to perform any of its obligations constitute or will constitute blocked funds, property or interests in property under the OFAC Regulations; (iv) neither it nor any of its owners or suppliers will sell or divert products contrary to OFAC Regulations; and (v) inclusion of SELLER, or any of its owners, managers or anyone associated with any of them, as an OFAC-listed Person shall constitute grounds for immediate termination of this Agreement or any other order, contract or agreement, without recourse to SELLER.