Common use of Sanctions and Export Control Laws Clause in Contracts

Sanctions and Export Control Laws. (a) Each of the Company, its Subsidiaries, and any of the respective directors, officers, employees, or Persons acting on behalf of the Company or its Subsidiaries are in compliance with and at all times since the Prior Transaction Date have complied in all respects with (i) economic or financial sanctions or trade embargoes imposed, administered, or enforced by applicable Governmental Entities, including those administered by the United States government through the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”) or the United States Department of State, the United Nations Security Council, the European Union or its Member States, or the United Kingdom (“Sanctions”), (ii) applicable trade, export control, import, and anti-boycott laws and regulations imposed, administered, or enforced by the United States government, including the Arms Export Control Act (22 U.S.C. § 1778), the International Emergency Economic Powers Act (50 U.S.C. §§ 1701–1706), the Export Controls Act of 2018 (22 U.S.C. § 2751 et seq.), the Export Control Reform Act of 2018, Section 999 of the Code, Title 19 of the U.S. Code, the International Traffic in Arms Regulations (22 C.F.R. Parts 120-130), the Export Administration Regulations (15 C.F.R. Parts 730-774), the U.S. customs regulations at 19 C.F.R. Chapter 1, and the Foreign Trade Regulations (15 C.F.R. Part 30) to the extent applicable to the Company or its assets or properties, (iii) applicable trade, export control, import, and antiboycott laws and regulations imposed, administered, or enforced by the United Kingdom, including the Export Control Xxx 0000 and the Export Control Order 2008 (each as amended) and (iv) all applicable trade, export control, import, and antiboycott laws and regulations imposed, administered or enforced by any other country in which the Company or its Subsidiaries conduct their business (collectively, “Export Control Laws”).

Appears in 3 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement, Share Purchase Agreement (Nvidia Corp)

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Sanctions and Export Control Laws. (a) Each Except, in each case, as would not, individually or in the aggregate, reasonably be expected to have an Acquired Companies Material Adverse Effect, each of the CompanyAcquired Companies, its their respective Subsidiaries, and any of the their respective directors, officers, employees, or Persons persons acting on behalf of the Company or its Subsidiaries are thereof, is in compliance with compliance, and at all times since the Prior Transaction Date January 1, 2018 have complied been in all respects with compliance, with: (i) applicable economic or financial sanctions or trade embargoes imposed, administered, or enforced by applicable relevant Governmental Entities, including those administered by the United States government through the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”) or the United States Department of State, the United Nations Security Council, the European Union or its Member States, or the United Kingdom (“Sanctions”), ; (ii) applicable trade, export control, import, and anti-boycott laws and regulations imposed, administered, or enforced by the United States government, including the Arms Export Control Act (22 U.S.C. § 1778), the International Emergency Economic Powers Act (50 U.S.C. §§ 1701–1706), the Export Controls Act of 2018 (22 U.S.C. § 2751 et seq.), the Export Control Reform Act of 2018, Section 999 of the Internal Revenue Code, Title 19 of the U.S. Code, the International Traffic in Arms Regulations (22 C.F.R. Parts 120-130), the Export Administration Regulations (15 C.F.R. Parts 730-774), the U.S. customs regulations at 19 C.F.R. Chapter 1, and the Foreign Trade Regulations (15 C.F.R. Part 30) to the extent applicable to the Company Acquired Companies or its their assets or properties, ; and (iii) applicable trade, export control, import, and antiboycott laws and regulations imposed, administered, or enforced by the United Kingdom, including the Export Control Xxx 0000 and the Export Control Order 2008 (each as amended) and (iv) all applicable trade, export control, import, and antiboycott anti-boycott laws and regulations imposed, administered or enforced by any other country in which country, except to the Company or its Subsidiaries conduct their business extent inconsistent with United States law (collectively, “Export Control Laws”).

Appears in 1 contract

Samples: Purchase Agreement and Plan of Merger (Desktop Metal, Inc.)

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