Sanctions Laws definition
Examples of Sanctions Laws in a sentence
Each Credit Party and their respective Subsidiaries is in compliance, in all material respects, with (a) all applicable Sanctions Laws, (b) the United States Foreign Corrupt Practices Act of 1977, as amended, and any other applicable anti-bribery or anti-corruption laws, rules, regulations and orders (collectively, “Anti-Corruption Laws”) and (c) the PATRIOT Act and any other applicable terrorism and money laundering laws, rules, regulations and orders.
Relating to this Agreement, each party is in compliance with and will continue to comply with all economic Sanctions Laws administered by OFAC, other U.S. regulatory agencies, the European Union and its Member States, the United Kingdom, and the United Nations (“Sanctions Laws”).
Each Party agrees that the other Party may take any and all actions required to ensure full compliance with all Sanctions Laws without such Party incurring any liability.
Neither party will take any action that would cause the other Party to be in violation of Sanctions Laws.
To the best of the Services Provider’s knowledge, the Borrower does not own, and the Services Provider will not knowingly cause the Borrower to own or Acquire, any security issued by, or interest in, any country, territory, or entity whose direct ownership by U.S. persons or persons under the jurisdiction of the U.S. would be or is prohibited under any Sanctions Laws, if such ownership or acquisition would result in a violation of Sanctions Laws.