Common use of Export Controls and Economic Sanctions Clause in Contracts

Export Controls and Economic Sanctions. None of the Company, nor any of its Subsidiaries, nor any of its or their respective owners, directors, officers, or employees, nor to the knowledge of the Company or its Subsidiaries, any other Person working on behalf of any of the foregoing (i) has directly or indirectly since April 24, 2019 violated any applicable Laws relating to export, reexport, import, antiboycott, or economic sanctions (“Export Control and Economic Sanctions Laws”); (ii) is targeted, blocked, or otherwise subject to sanctions prohibitions or restrictions under any applicable Export Control and Economic Sanctions Laws (including but not limited to being, or being owned 50% or more by one or more Sanctioned Persons or Restricted Persons); (iii) is located, organized, or resident in any country or territory subject to comprehensive embargo under applicable Export Control and Economic Sanctions Laws (currently, Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, Luhansk, Kherson, or Zaporizhzhia regions of Ukraine, each a “Sanctioned Country”); or (iv) has since April 24, 2019 been the subject or target of any investigation, enforcement, administrative, civil, or criminal action, or disclosure relating to applicable Export Control and Economic Sanctions Laws.

Appears in 3 contracts

Samples: Merger Agreement (Q Power LLC), Merger Agreement (Bitfarms LTD), Merger Agreement (Stronghold Digital Mining, Inc.)

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Export Controls and Economic Sanctions. None of the Company, Acquired Companies nor any of its Subsidiaries, nor any of its or their respective owners, directors, managers, officers, or employees, nor nor, to the knowledge of the Company or its SubsidiariesCompany’s Knowledge, any other Person working on behalf of any of the foregoing Acquired Companies (i) has directly or indirectly since April 24, 2019 during the past five (5) years violated any applicable Laws relating to export, reexport, import, customs, antiboycott, or economic sanctions (“Export Control and Economic Sanctions Laws”); (ii) is targeted, blocked, or otherwise the subject to of blocking sanctions prohibitions or restrictions under any applicable Export Control and Economic Sanctions Laws (including but not limited to being, or being owned 50% or more by one or more Sanctioned Persons or Restricted Personsby, a specially designated national); (iii) is located, organized, or resident in any country or territory that is the subject to of a comprehensive trade embargo under applicable Export Control and Economic Sanctions Laws (currently, Cuba, Iran, North Korea, Syria, and the Crimea, Donetskso-called Donetsk People’s Republic, Luhansk, Kherson, or Zaporizhzhia and so-called Luhansk People’s Republic regions of Ukraine, each a “Sanctioned Country”); or (iv) to the knowledge of the Acquired Companies, has since April 24, 2019 during the past five (5) years been the subject or target of any investigation, enforcement, administrative, civil, or criminal action, or disclosure relating to applicable Export Control and Economic Sanctions Laws.

Appears in 1 contract

Samples: Merger Agreement (Atlas Energy Solutions Inc.)

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