Denied Party definition

Denied Party means a company or an individual subject to denial orders or otherwise restricted or prohibited from engaging in transactions, as listed by various governments or organizations (United Nation, United States, European Union, EU member states, Singapore, Hong Kong, etc.). Such lists are made publicly available by the said organizations and governments. “Distributor” means a company authorized by Thales to distribute Products and Support Services in the Territory through resellers to End Customers.
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Denied Party means a party, to whom the Seller (i) cannot sell to, (ii) cannot directly or indirectly provide an economic resource to, and/or (iii) cannot otherwise deal with in accordance with the Embargo. A party, who controls, is controlled by or is under common control with a Denied Party in accordance with the aforementioned definition, shall itself also be considered as a Denied Party. An entity is deemed to control another if it owns directly or indirectly a sufficient voting interest to elect a majority of the directors or managing authority, or to otherwise direct the affairs or management of the other entity.
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Denied Party means any individual, entity, or sector subject to any form of economic sanctions or trade restrictions pursuant to any Sanctions Laws and Regulations.
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Examples of Denied Party in a sentence

  • Seller shall immediately notify Buyer if it or any of its subcontractors or suppliers are listed on any Excluded or Denied Party Lists of any agency of the U.S. Government or if Export or Import privileges are denied, suspended, debarred, or revoked.

  • Supplier shall immediately notify Kaman if it is or becomes listed on any Excluded or Denied Party List of any government agency, U.S. or foreign, or if its export privileges are denied, suspended or revoked.

  • Without limiting the foregoing, Licensee will not export or re-export the Product or Documentation (i) into or to a national or resident of any embargoed countries/territories under the Acts (ii) to a Denied Party listed on U.S. Department of Commerce's list of U.S. Denied Persons or a Special Designated National on the U.S. Treasury Department's list of Specially Designated Nationals or on any similar lists in the country/territory where Licensee uses the Product.

  • The Company will not be obliged to comply with the terms of this Agreement until and unless the Company has established that the Purchaser is not named on a Denied Party List.

  • Company is responsible for conducting Denied Party screening prior to submitting an Order under these General T&Cs. Further, Company shall not submit any Orders to NetAlly on behalf of any Denied Party or End-User located in an Embargoed Country.

  • Seller shall immediately notify Buyer if it or any of its subcontractors or suppliers becomes listed on any Excluded or Denied Party List of an agency of the U.S. Government or its export or import privileges are denied, suspended or revoked.

  • Seller shall immediately notify Buyer if it is or becomes listed on any Excluded or Denied Party List of an agency of the U.S. Government or its export privileges are denied, suspended or revoked.

  • To the Knowledge of the Partners Entities, none of the Partners Entities nor any of their Subsidiaries nor any Person controlling any of the Partners Entities is designated on any Denied Party Lists or has engaged in any transaction with or for the benefit of any Person that is designated on any Denied Party Lists or that is subject to any Law prohibitions including Laws relating to any export sanction or export restriction.

  • To the Knowledge of the Company, neither the Company nor any of its Subsidiaries nor any Person controlling the Company is designated on any Denied Party Lists or has engaged in any transaction with or for the benefit of any Person that is designated on any Denied Party Lists or that is subject to any Law prohibitions including Laws relating to any export sanction or export restriction.

  • To the Knowledge of the Company, no Acquired Entity nor any Person controlling the Company is designated on any Denied Party Lists or has engaged in any transaction with or for the benefit of any Person that is designated on any Denied Party Lists or that is subject to any Law prohibitions including Laws relating to any export sanction or export restriction.


More Definitions of Denied Party

Denied Party means a party (A) to whom a Party (i) cannot sell to, (ii) cannot provide directly or indirectly provide an economic resource to, and/or (iii) cannot otherwise deal with in accordance with the Embargo. A party, who is directly or indirectly majority- owned and/or otherwise directly or indirectly controlled by a Denied Party according to the aforementioned definition, shall itself also be considered a Denied Party.
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