Sanctions and Embargo Sample Clauses

Sanctions and Embargo. Notwithstanding anything to the contrary in the policy the following condition shall apply: 3.7.1 If, by virtue of any law or regulation which is applicable at the inception of this policy or which becomes applicable at any time thereafter, providing coverage to the insured and/or paying a claim and/or providing a benefit under the policy directly or indirectly breaches an embargo or sanction, the insurer shall not indemnify nor make any payment or provide any economic benefit to the insured or to any other party under this policy to the extent that it would be in breach of such law or regulation. 3.7.2 In circumstances where the payment or provision of a valid and otherwise collectable claim or benefit may directly or indirectly breach an embargo or sanction, then the insurer will take all reasonable measures to obtain the necessary authorisation to make such payment or provision.
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Sanctions and Embargo. 14.1.1 Neither the Lessee nor, to the best of its knowledge, any of its director, officer, employee is a Sanctioned Person. 14.1.2 The Lessee shall not use, directly or indirectly, the Vehicle made available to it pursuant to the Contract, in any manner that would result in a violation of Sanctions by the Parties. 14.1.3 The Lessee warrants that (i) no person will have any legal or beneficial interest in the leased Vehicle and (ii) the use of leased Vehicle made available to it pursuant to this Contract shall not be made in violation of Sanctions.
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Sanctions and Embargo. If, by virtue of any law or regulation which is applicable to Tryg at the inception of this Policy or becomes applicable at any time thereafter, providing coverage to the insured is or would be unlawful because it breaches an embargo or sanction imposed by the United Nations, the European Union, Great Britain or the United States of America, Tryg shall provide no coverage and have no liability whatsoever nor provide any defence to the insured or make any payment of defence costs or provide any form of security on behalf of the insured, to the extent that it would be in breach of such law or regulation.
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Sanctions and Embargo. Neither the Issuer, nor, to its knowledge, any Material Subsidiaries or any of the directors, officers or employees of the Issuer or of its Material Subsidiaries are currently the subject of any sanctions administered by the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) or any other relevant U.S. authority or any similar sanctions imposed by the European Union, any member state of the European Union, United Nations Security Council or HM Treasury (collectively, “Economic Sanctions”). Neither the Issuer nor, to its knowledge, any of its directors and employees, Subsidiaries or directors and employees of such Subsidiaries will use any proceeds raised under the Notes to fund any activities or business with, or investments in, or make any payments to, or for the benefit of, any country, region or territory which is itself, or whose government is, the subject or target of any Economic Sanctions (“Sanctioned Country”) or n individual or entity listed in any Economic Sanctions related list of designated persons (“Designated Persons”) (including, if Designated Persons, any of its subsidiaries, joint ventures, joint venture partners or other individual or entity) or in any manner whatsoever to circumvent the sanctions established against the targeted entities by the OFAC or the European Union. The Issuer undertakes to immediately inform the Fiscal Agent if any of the Issuer, any Material Subsidiaries or any of the directors, officers or employees of the Issuer or of its Material Subsidiaries become the subject of Economic Sanctions in the course of execution of this Agreement. The Fiscal Agent agrees and acknowledges that it is not entitled to the benefit of, and the Issuer does not make or repeat, as appropriate, the representations and warranties and/or the undertaking contained above to the extent that those provisions would result in a violation of, or breach of, Council Regulation (EC) 2271/1996, as amended (the “EU Blocking Regulation”) (or any law and/or regulation implementing the EU Blocking Regulation in any member state of the European Union). In connection with the above situations, the Fiscal Agent shall have the right to immediately resign from the present Agreement, without incurring any liability.
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Sanctions and Embargo. Notwithstanding anything to the contrary in the policy the following condition shall apply: 9.21.1 If, by virtue of any law or regulation which is applicable at the inception of this policy or which becomes applicable at any time thereafter, providing coverage to the named insured and/or paying a claim or for business interruption and/or providing a benefit under the policy directly or indirectly breaches an embargo or sanction, the insurer shall make any payment or provide any economic benefit ito the named insured under this policy to the extent that it would be in breach of such law or regulation. 9.21.2 In circumstances where the payment or provision of a valid and otherwise collectable claim, payment for business interruption or other benefit may directly or indirectly breach an embargo or sanction, then the insurer will take all reasonable measures to obtain the necessary authorisation to make such payment or provision.
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Sanctions and Embargo. CLAUSE Notwithstanding anything to the contrary in the Policy the following shall apply: 1. If, by virtue of any law or regulation which is applicable to an Insurer at the inception of this Policy or becomes applicable at any time thereafter, providing coverage to the Insured is or would be unlawful because it breaches an embargo or sanction, that Insurer shall provide no coverage and have no liability whatsoever nor provide any defence to the Insured or make any payment of defence costs or provide any form of security on behalf of the Insured, to the extent that it would be in breach of such law or regulation.
Sample 1
Sanctions and Embargo. Notwithstanding anything to the contrary in the Policy the following shall apply: 1. If, by virtue of any law or regulation which is applicable to an Insurer at the inception of this Policy or becomes applicable at any time thereafter, providing coverage to the Insured is or would be unlawful because it breaches an embargo or sanction, that Insurer shall provide no coverage and have no liability whatsoever nor provide any defence to the Insured or make any payment of defence costs or provide any form of security on behalf of the Insured, to the extent that it would be in breach of such law or regulation. 2. In circumstances where it is lawful for an Insurer to provide coverage under the Policy, but the payment of a valid and otherwise collectable claim may breach an embargo or sanction, then the Insurer will take all reasonable measures to obtain the necessary authorisation to make such payment. 3. In the event of any law or regulation becoming applicable during the Period of Insurance which will restrict the ability of an Insurer to provide coverage as specified in paragraph 1, then both the Insured and the Insurer shall have the right to cancel its participation on this Policy in accordance with the laws and regulations applicable to the Policy provided that in respect of cancellation by the Insurer a minimum of 30 days’ notice in writing be given. In the event of cancellation by either the Insured or the Insurer, the Insurer shall retain the pro rata proportion of the premium for the period that the Policy has been in force. However, in the event that the incurred claims at the effective date of cancellation exceed the earned or pro rata premium (as applicable) due to the Insurer, and in the absence of a more specific provision in the Policy relating to the return of premium, any return premium shall be subject to mutual agreement. Notice of cancellation by the Insurer shall be effective even though the Insurer makes no payment or tender of return premium.
Sample 1
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Related to Sanctions and Embargo

  • Sanctions A. That HHSC may apply, at its discretion, sanctions if the Contractor fails to comply with any provision of the Contract, including: 1. recouping overpayments; 2. suspending the Contractor's payments; and 3. initiating termination of the Contract. B. That payments to the Contractor under this Contract may be withheld during the pendency of a hearing on the termination of this Contract until a final decision is issued and all appeals are exhausted. HHSC shall pay the withheld payments and resume contract payments if the final decision is favorable to the Contractor. C. That in accordance with 42 C.F.R. §455.23, HHSC shall suspend all Medicaid payments to the Contractor upon notification by HHSC-OIG that a credible allegation of fraud under the Medicaid program is pending against the Contractor, unless HHSC has good cause not to suspend the payments or to suspend the payments only in part.

  • Sanctions and Anti-Corruption Laws Request any Borrowing or other Credit Extension, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or other Credit Extension (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

  • CRIMINAL PROVISIONS AND SANCTIONS The Contractor agrees to perform the Agreement in conformance with safeguards against fraud and abuse as set forth by the H-GAC, the State of Texas, and the acts and regulations of any related state or federal agency. The Contractor agrees to promptly notify H-GAC of any actual or suspected fraud, abuse, or other criminal activity through the filing of a written report within twenty-four (24) hours of knowledge thereof. Contractor shall notify H-GAC of any accident or incident requiring medical attention arising from its activities under this Agreement within twenty-four (24) hours of such occurrence. Theft or willful damage to property on loan to the Contractor from H-GAC, if any, shall be reported to local law enforcement agencies and H-GAC within two (2) hours of discovery of any such act. The Contractor further agrees to cooperate fully with H-GAC, local law enforcement agencies, the State of Texas, the Federal Bureau of Investigation and any other duly authorized investigative unit, in carrying out a full investigation of all such incidents. The Contractor shall notify H-GAC of the threat of lawsuit or of any actual suit filed against the Contractor pertaining to this Agreement or which would adversely affect the Contractor’s ability to perform services under this Agreement.

  • Economic Sanctions None of the Company, the Sponsor, any non-independent director or officer or, to the knowledge of the Company, any independent director or director nominee, agent or affiliate of the Company is currently subject to any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or any similar sanctions imposed by any other body, governmental or other, to which any of such persons is subject (collectively, “other economic sanctions”); and the Company will not directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any sanctions administered by OFAC or other economic sanctions.

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