Sanctions Exposure definition
Sanctions Exposure means the exposure of a Party or an Affiliate of a Party to Sanctions and/or to risks or penalties consequent upon the imposition of Sanctions.
Examples of Sanctions Exposure in a sentence
Notwithstanding the other provisions of this Clause 19, in case of Sanctions, either Party shall be entitled to terminate this Agreement, without any liability on either Party(subject to the Parties' indemnity obligations under Clause 24), upon written notice to the other Party, where such termination is reasonably necessary to avoid Sanctions Exposure; or breach of Sanctions Laws.