Common use of Compliance with Relevant Law Clause in Contracts

Compliance with Relevant Law. Principal hereby represents and warrants that (i) no Relevant Person is located, organized, or resident in a Sanctioned Country or otherwise a Sanctioned Person; and (ii) each Relevant Person shall comply with Relevant Law in connection with use of the Account(s) and Custodian’s service(s). Principal agrees to promptly notify Custodian if any such representation becomes untrue. Principal further agrees not to access its Account(s) or Custodian’s services from a Sanctioned Country, and not to use or permit the use of account(s) or Custodian’s services in connection with any transaction that violates, or that has the purpose of evading, Relevant Law. If Custodian is uncertain regarding the legality of any transaction, Principal acknowledges that Custodian may refuse the transaction or freeze the Account in question while Custodian investigates the matter.

Compliance with Relevant Law. Principal hereby represents and warrants that (i) no Relevant Person is located, organized, or resident in a Sanctioned Country or otherwise a Sanctioned Person; and (ii) each Relevant Person shall comply with Relevant Law in connection with use of the Account(s) and Custodian’s service(s). Principal agrees to promptly notify Custodian if any such representation becomes untrue. Principal further agrees not to access its Account(s) or Custodian’s services from a Sanctioned Country, and not to use or permit the use of account(s) or Custodian’s services in connection with any transaction that violates, or that has the purpose of evading, Relevant Law. If Custodian is uncertain regarding the legality of any transaction, Principal acknowledges that Custodian may refuse the transaction or freeze f reeze the Account in question while Custodian investigates the matter.