Common use of Non-Sanctioned Status Clause in Contracts

Non-Sanctioned Status. Account Holder warrants that neither Account Holder nor any of its executive officers, directors or any individual, entity, or organization holding any ownership interest or controlling interest in Account Holder (“Connected Persons”) is an individual, entity, or organization with whom Workato is prohibited from dealing by any law, regulation, or executive order, including, without limitation, names appearing on the U.S. Department of the Treasury’s Office of Foreign Assets Control’s and Specially Designated Nationals and Blocked Persons List. Further, Account Holder understands that if at any time during the term of this Agreement, Account Holder or any of its Connected Persons, is determined to be or for any reason becomes and individual, entity, or organization with whom Workato is prohibited from dealing in accordance with this section, Account Holder shall give immediate written notice to Workato and Workato shall have the right to terminate this Agreement and any Order Form hereunder with immediate effect, without fault or liability. If Workato exercises the termination right described herein, Account Holder shall pay Workato for any Fees prior to the effective date of termination and shall not be entitled to any refund for any unused, pre-paid Fees following the effective date of termination, unless payment is prohibited by law.

Non-Sanctioned Status. Account Holder warrants that neither Account Holder nor any of its executive officers, directors or any individual, entity, or organization holding any ownership interest or controlling interest in Account Holder (“Connected Persons”) is an individual, entity, or organization with whom Workato is prohibited from dealing by any law, regulation, or executive order, including, without limitation, names appearing on the U.S. Department of the Treasury’s Office of Foreign Assets Control’s and Specially Designated Nationals National and Blocked Persons Xxxxx’x List. Further, Account Holder understands that if at any time during the term of this Agreement, Account Holder or any of its Connected Persons, is determined to be or for any reason becomes and individual, entity, or organization with whom Workato is prohibited from dealing in accordance with this section, Account Holder shall give immediate written notice to Workato and Workato shall have the right to terminate this Agreement and any Order Form hereunder with immediate effect, without fault or liability. If Workato exercises the termination right described herein, Account Holder shall pay Workato for any Fees prior to the effective date of termination and shall not be entitled to any refund for any unused, pre-paid Fees following the effective date of termination, unless payment is prohibited by law.