Common use of Sanctions Clause in Contracts

Sanctions. Neither the Company nor any Subscribing Reinsurer shall be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America that are applicable to either party.

Sanctions. Neither the Company nor any Subscribing Reinsurer shall be deemed to provide cover or be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom Kingdom, Bermuda or United States of America that are applicable to either party." 7. The following Article shall be added to and made part of the Contract: "Article 32 -

Sanctions. Neither the Company nor any Subscribing Reinsurer shall be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America that are applicable to either party..  

Sanctions. Neither the Company nor any Subscribing Reinsurer shall be deemed to provide cover or be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom Kingdom, Bermuda or United States of America that are applicable to either party." 6. The following Article shall be added to and made part of the Contract: "

Sanctions. Neither the Company nor any Subscribing Reinsurer shall be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom Kingdom, Switzerland or United States of America that are applicable to either party."

Sanctions. Neither the Company nor any Subscribing Reinsurer shall the Reinsurers will be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations sanctions of the European Union, United Kingdom or United States of America that are applicable to either party.

Sanctions. Neither the Company nor any Subscribing Reinsurer shall the Reinsurers will be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America that are applicable to either party.

Sanctions. Neither the Company nor any Subscribing Reinsurer shall be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America that are applicable to either party.. 21\F7V1140 Schedule B

Sanctions. Neither the Company nor any Subscribing Reinsurer shall be deemed to provide cover or be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom Kingdom, or United States of America that are applicable to either party." 6. The following Article shall be added to and made part of the Contract: "Article 32 -

Sanctions. Neither the Company nor any Subscribing Reinsurer shall be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America that are applicable to either party. However, this Article shall not apply to the Subscribing Reinsurer concerning the sanction regimes of the United Kingdom or the United States of America.

Sanctions. Neither the Company nor any Subscribing Reinsurer shall the Reinsurers will be liable for premium or loss Loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations sanctions of the European Union, United Kingdom or United States of America that are applicable to either party.

Sanctions. Neither the Company nor any Subscribing Reinsurer shall be deemed to provide cover or be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom Kingdom, or United States of America that are applicable to either party." 7. The following Article shall be added to and made part of the Contract: "Article 32 -

Sanctions. “Neither the Company nor any Subscribing Reinsurer shall be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom Kingdom, Switzerland or United States of America that are applicable to either party.” 3. In lieu of the provisions of Article 21 - Confidentiality - the following shall apply:

Sanctions. ‌ Neither the Company nor any Subscribing Reinsurer shall be liable for premium or loss under this Contract if it would result in a violation of any mandatory sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America that are applicable to either party.