Examples of Excluded Entity in a sentence
Neither Party nor any of its employees nor agents contemplated to perform activities hereunder, has ever been, is currently, or is the subject of a proceeding that could lead to it or such employees or agents becoming, as applicable, a Debarred Entity or Debarred Individual, an Excluded Entity or Excluded Individual or a Convicted Entity or Convicted Individual.
Furthermore, the Purchaser and the Parent acknowledge that employees of the MSEP Persons serve as directors of the Seller and the Excluded Entities and that neither the MSEP Persons nor the Excluded Entities will be deemed to have received Confidential Information solely due to the dual role of any such employee and so long as such Confidential Information is not communicated to or specifically used for the benefit of any Excluded Entity.
If, during the Term, a Party, or any of its employees or agents performing activities hereunder, becomes or is the subject of a proceeding that could lead to a Person becoming, as applicable, a Debarred Entity or Debarred Individual, an Excluded Entity or Excluded Individual or a Convicted Entity or Convicted Individual, such Party shall immediately notify the other Party, and such other Party shall have the option, at its sole discretion, to prohibit such Person from performing work under this Agreement.