Common use of Export and Sanctions Compliance Clause in Contracts

Export and Sanctions Compliance. Sky Xxxxx represents and warrants that (i) it is duly incorporated and in good standing under the laws of the jurisdiction in which it is incorporated, (ii) it has all necessary rights, power, legal capacity, and authority to enter into and fully perform the terms of this Agreement, (iii) it is not domiciled in or a resident of, physically present or located in, or has business activities in jurisdictions in which the Services are prohibited, restricted or unauthorized in any form or manner whether in full or in part under the laws, regulatory requirements or rules in such jurisdiction; (iv) it is not domiciled in or a resident of, physically present or located in, or conducts business activities in or with counterparties located in jurisdictions that are identified by the Monetary Authority of Singapore as subject to economic or trade sanctions under regulations promulgated under the Monetary Authority of Singapore Act (Chapter 186) of Singapore, the United Nations Act (Chapter 339) of Singapore, the Terrorism (Suppression of Financing) Act (Chapter 325) of Singapore, or the Office of Financial Assets Control of the United States Department of the Treasury (collectively, the “Economic Sanctions Laws”); (v) it is in compliance with Economic Sanctions Laws.