Acknowledgement and Compliance Clause Samples
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Acknowledgement and Compliance. The Parties acknowledge that they may be required to meet certain obligations under the laws and regulations applicable in their own jurisdiction and in the jurisdiction of the other Party, including but not limited to sanctions laws; export control laws; privacy and data control laws; work, health and safety laws; immigration laws and laws relating to provision of education to international students. Each Party understands and acknowledges that such laws and regulations may affect or restrict this Memorandum and/or the activities contemplated under this Memorandum. The Parties acknowledge that in any activities or projects contemplated by this Memorandum they will comply with all laws and regulations of their own jurisdiction and take all reasonable steps to ensure compliance with the laws and regulations of the other Party’s jurisdiction where requested to do so by the other Party provided such compliance is not in breach of any law or regulation of a Party’s own jurisdiction.
Acknowledgement and Compliance. The Parties acknowledge that all Equipment to be delivered and Services to be provided according to this Agreement are subject to export control and sanctions laws and regulations, including, without limitation, the U.S. Export Administration Regulations (“EAR”) (15 C.F.R. §§ 730-774), the U.S. Foreign Trade Regulations (15 C.F.R. Part 30), and the regulations, rules, and executive orders administered by OFAC (collectively, the “Export Controls and Sanctions Laws”). Each Party agrees to comply with all Export Controls and Sanctions Laws applicable to any such Equipment/Services and shall not take any action that will cause the other Party to violate or be subject to penalty under the Export Controls and Sanctions Laws.
Acknowledgement and Compliance. 2.1. By virtue of the Principal Agreement, the Parties acknowledge that in respect of Agreement Personal Data Processed pursuant to the Principal Agreement the Parties are separate Controllers and separate Businesses, as defined under any Applicable Privacy Laws.
2.2. Each Party shall determine the purposes and means of Processing of Agreement Personal Data thereby independently. Accordingly, the Parties shall neither Process Agreement Personal Data as joint controllers, nor as Controller and Processor, Business and Service Provider, or Business and Third Party, under Applicable Privacy Laws.
2.3. Schedule 2.3 to this Addendum sets out certain details regarding the sharing of Agreement Personal Data between the Parties under the Principal Agreement.
2.4. It is clarified, that the Agreement Personal Data is not intended to include special categories of personal data, within the meaning of this term is the GDPR. Accordingly, Customer undertakes that in case that it locates special categories of personal data within the Agreement Personal Data transferred to it by OG, it shall (i) delete such data immediately and refrain from using it for any purpose whatsoever and (ii) notify OG so that it can remove such data from its own database.
2.5. Each Party shall comply with its respective obligations under Applicable Privacy Laws in the Processing of Agreement Personal Data.
Acknowledgement and Compliance. By signing the Dealer Fraud procedure, I hereby acknowledge that on the date indicated, I have read and understand the procedure and will abide by the process outlined above. I understand that if, at any time, I have questions or concerns I will speak with my immediate supervisors and/or department manager. The Dealer Fraud procedure will be enforced by all Originations and Dealer Compliance Supervisors and Managers. Employees who manipulate or fail to follow these guidelines will be subject to disciplinary action up to and including termination of employment.
Acknowledgement and Compliance. 10.1 The institutions acknowledge that the Home institution is required to meet certain obligations under the Home institution’s State and Country laws and regulations, including but not limited to the following:
Acknowledgement and Compliance. 31 21.2. Export Licenses .......................................................................................................... 31 21.3. Provision of Trade Data .............................................................................................. 31 21.4. Changes ..................................................................................................................... 32 21.5. Additional Buyer’s Obligations .................................................................................... 32