Common use of Disclosure of Investment Activities in Iran Clause in Contracts

Disclosure of Investment Activities in Iran. Pursuant to N.J.S.A. 52:32-58, any person or entity that submits a proposal or otherwise proposes to enter into or renew a contract must complete the certification to attest, under penalty of perjury, that neither the person or entity, nor any of its parents, subsidiaries, or affiliates, is identified on the Department of Treasury’s Chapter 25 list as a person or entity engaging in investment activities in Iran. The Chapter 25 list is found on the Division’s website at xxxx://xxx.xxxxx.xx.xx/treasury/purchase/pdf/Chapter25List.pdf. Contractors must review this list prior to completing the Disclosure of Investment Activities in Iran Certification attached hereto in Attachment 1. If NJ TRANSIT finds a person or entity to be in violation of law, NJ TRANSIT shall take action as may be appropriate and provided by law, rule or contract, including but not limited to, imposing sanctions, seeking compliance, recovering damages, declaring the party in default and seeking debarment or suspension of the party.

Disclosure of Investment Activities in Iran. Pursuant to N.J.S.A. 52:32-5855 et seq., any person or entity that submits a proposal or otherwise proposes to enter into or renew a contract must complete the certification to attest, under penalty of perjury, that neither the person or entity, nor any of its parents, subsidiaries, or affiliates, is identified on the Department of Treasury’s Chapter 25 list as a person or entity engaging in investment activities in Iran. The Chapter 25 list is found on the Division’s website at xxxx://xxx.xxxxx.xx.xx/treasury/purchase/pdf/Chapter25List.pdf. Contractors Consultants must review this list prior to completing the Disclosure of Investment Activities in Iran Certification attached hereto in Attachment 1Certification. If NJ TRANSIT finds a person or entity to be in violation of law, NJ TRANSIT shall take action as may be appropriate and provided by law, rule or contract, including but not limited to, imposing sanctions, seeking compliance, recovering damages, declaring the party in default and seeking debarment or suspension of the party.