Trade Restrictions definition

Trade Restrictions means trade, economic or investment sanctions, export controls, anti-terrorism, non- proliferation, anti-money laundering and similar restrictions in force pursuant to laws, rules and regulations imposed under Laws to which the Parties are subject.

Trade Restrictions mean restrictions on trade and dealings with certain countries, Persons or entities, including but not limited to restrictions on exports, imports, sales, and supplies of products, transshipments, and financial transactions imposed pursuant to export controls, trade sanctions and other trade and investment regulations of the U.S.A. and/or any other Governmental Authority outside the U.S.A. in force from time to time.

Trade Restrictions means any restriction on the export, re-export, transfer, disclosure, supply or provision of goods, materials, services, technical data, software or technology;

Examples of Trade Restrictions in a sentence

• 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.

• Where any performance by a Party would be in violation of, inconsistent with, or expose such Party to punitive measures under the Trade Restrictions, such Party (the “Affected Party”) shall, as soon as reasonably practicable and at the latest two weeks after publication of the relevant rule, give written notice to the other Party of its inability to perform, with reference to the relevant rule, this clause 15, the obligations affected by the relevant rule and the scope and the impact of the effect.

• Seller specifically represents and warrants that it shall not use, resell, export, reexport, distribute, transfer, dispose of or otherwise deal with the Products, or any spare parts, warranty items or technical data related to the Products, directly or indirectly, except in full compliance with such Trade Restrictions, including but not limited to licensing requirements.

• Failure by Seller to comply with applicable Trade Restrictions shall constitute a material breach of this Agreement.

• Seller shall be solely responsible for applying for and obtaining appropriate governmental authorizations for the export and import of any equipment, software, technology or services to or for the benefit of Buyer Upon reasonable request, Buyer shall provide Seller with assistance in determining the application of applicable Trade Restrictions, and in applying for necessary authorizations and completing required formalities.

More Definitions of Trade Restrictions

Trade Restrictions has the meaning given in Clause 26.2;

Trade Restrictions means any restriction on the export, re-export, transfer, disclosure, supply or provision of goods, materials, services, technical data, software or technology.

Trade Restrictions means the actions, such as sanctions, controls and laws as described in Clause 18.1(b).

Trade Restrictions means any restrictions on business transactions, including, but not limited to, the need to apply for permits or give notices, embargoes, Sanctioned Party Lists, bans, etc.

Trade Restrictions means any Applicable Laws related to export controls, trade or economic sanctions, embargoes or similar laws, regulations, rules, licenses, orders or requirements including, without limitation those of the UN, UK, US and the EU.

Trade Restrictions shall have the meaning set forth in Section 3.19(a).

Trade Restrictions means export controls, trade and financial sanctions, anti-terrorism, non- proliferation, and similar restrictions in force from time to time pursuant to laws, rules and regulations of the Federal Republic of Nigeria and other applicable jurisdictions to which the parties are subject, and the regulations administered by the US Department of the Treasury, Office of Foreign Assets Control (“OFAC”), Her Majesty Treasury (HMT), United Nations Security Council, etc.) and NIBSS BVN Watchlist.and any applicable jurisdictions to which the parties are subject.