Trade Restrictions definition
Examples of Trade Restrictions in a sentence
These Group Positions, which may contain more restrictive provisions than the Trade Restrictions as defined below, are based on commercial considerations and other compliance concerns, including but not limited to: money laundering and corruption concerns and concerns related to the financing of terrorism.
Where any performance by a party would be in violation of, inconsistent with, or expose such party, or a parent company of such party, to punitive measures under the Trade Restrictions such party (the Affected Party) shall, as soon as reasonably practicable give written notice to the other party of the affected obligation.
If Client, or any agent, owner, investor, manager, partner, director, or officer of Client or any beneficiary of the Services (including, without limitation, any affiliate of Client), is or becomes subject to Trade Restrictions or if any of Client’s representations in this Section otherwise cease to be true at any time, then Client shall notify EY immediately in writing.
Client represents that it is not, nor is it 50% or more owned or otherwise controlled by a person or persons, subject to Trade Restrictions.
Client shall not use the Services to circumvent, or facilitate any violation of, export controls or Sanctions Laws, or to facilitate any transaction with any person subject to Trade Restrictions.