Common use of Sanctions and Embargo Clause in Contracts

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.

Appears in 4 contracts

Samples: Mandatory Product Insurance, Insurance Agreement, Insurance Agreement

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