DDTC Clause Samples
The DDTC clause refers to requirements and obligations related to the U.S. Department of State’s Directorate of Defense Trade Controls, which regulates the export and import of defense articles and services under the International Traffic in Arms Regulations (ITAR). This clause typically mandates that parties comply with all applicable DDTC registration, licensing, and reporting requirements when dealing with controlled defense-related items or technical data. For example, it may require contractors to ensure that employees handling sensitive information are U.S. persons or that proper export licenses are obtained before sharing technical data with foreign nationals. The core function of this clause is to ensure legal compliance with U.S. export control laws, thereby preventing unauthorized transfer of defense technology and reducing the risk of regulatory violations.
DDTC. The applicable notice period under ITAR Section 122.4(b) with respect to the Transactions shall have concluded or DDTC shall have consented to the Transactions.
DDTC. At least sixty days shall have passed since the filing of the ITAR Notification.
DDTC. Promptly after the date hereof, Leo shall submit to DDTC a notice of intended sale or transfer to a foreign person of ownership or control of an ITAR registrant as required by 22 C.F.R. § 122.4(b). Leo also shall submit to DDTC any additional information it requests in connection with this notice promptly and, in any event, not later than the applicable deadline set by DDTC.
DDTC. A period of sixty-one (61) days shall have elapsed following written notice to the DDTC under the ITAR, 22 CFR§122.4(b), with respect to the Merger, without DDTC stating that it intends action or inaction that would result in a lapse of or non-continuance of any DDTC registration required by Absorbing Company as the surviving entity.
DDTC. Promptly after the date hereof, ▇▇▇ shall submit to DDTC a notice of intended sale or transfer to a foreign person of ownership or control of an ITAR registrant as required by 22 C.F.R. § 122.4(b). ▇▇▇ also shall submit to DDTC any additional information it requests in connection with this notice promptly and, in any event, not later than the applicable deadline set by DDTC.
DDTC. Subject to the terms and conditions set forth in this Agreement, without limiting the generality of the undertakings pursuant to this Section 5.03, Parent and the Company shall use their reasonable best efforts to prepare and submit, as promptly as practicable but in no event later than ten (10) Business Days following the execution and delivery of this Agreement, the Company’s notification to DDTC pursuant to Section 122.4(b) of ITAR, including such information about the Company and its Affiliates as may be required, and to prepare and submit any other information or agreement as may be required by DDTC in connection with the transactions contemplated by this Agreement.
DDTC. Each of the Buyer and the Seller shall cooperate and use commercially reasonable efforts to promptly make any filings required to be made to the Directorate of Defense Trade Controls (“DDTC”) of the U.S. State Department under the International Traffic in Arms Regulations (“ITAR”), including any filing required to be made to DDTC under 22 C.F.R. § 122.4(a) of the ITAR, which shall be made no later than five (5) days after the Closing.
DDTC. The Company shall have obtained the approval of the Merger by DDTC pursuant to Section 122.4 of the ITAR.
DDTC. Each of the Parties shall cooperate and take all appropriate action to (i) cause the Company to prepare and make any filings required to be made to the Directorate of Defense Trade Controls (“DDTC”) of the U.S. State Department under the ITAR, including any filing required to be made to DDTC under 22 C.F.R. § 122 .4(a) of the ITAR, which shall be made no later than five (5) days after the Closing Date; and (ii) to submit any requests to amend or novate licenses or other authorizations issued by DDTC, BIS, or other Governmental Authorities in respect of Trade Control Laws that may be necessary as a consequence of the Closing.