Common use of Embargoes Clause in Contracts

Embargoes. Our cover may not apply and we will incur no liability to pay any claim insofar that the provision of such cover and/or payment of such claim would cause us or any member of our group to be exposed to any sanction or penalty (including extra territorial sanctions) originating out of or related to United Nation’s resolutions or trade or economic sanctions, laws or regulations of the European union or of any State, whether these sanctions existed at the inception of the Contract or were implemented during the contract period.

Embargoes. Our cover may not apply and we will incur no liability to pay any claim insofar that the provision of such cover and/or payment of such claim would cause us or any member of our group to be exposed to any sanction or penalty (including extra territorial sanctions) originating out of or related to United Nation’s resolutions or trade or economic sanctions, laws or regulations of the European union or of any State, whether these sanctions existed at the inception of the Contract contract or were implemented during the contract periodduration of the contract.

Embargoes. Our cover may not apply and we will incur no liability to pay any claim insofar that the provision of such cover and/or payment of such claim would cause us or any member of our group to be exposed to any relevant sanction or penalty (including extra territorial sanctions) originating out of or related to United Nation’s resolutions or trade or economic sanctions, laws or regulations of the European union or of any State, whether these sanctions existed at the inception of the Contract or were implemented during the contract period.

Embargoes. Our cover may not apply and we will incur no liability to pay any a claim insofar that the provision of such cover and/or payment of such claim would cause us or any member of our group to be exposed to any sanction or penalty (including extra territorial sanctions) originating out of or related to United Nation’s resolutions or trade or economic sanctions, laws or regulations of the European union or of any State, whether these sanctions existed at the inception of the Contract or were implemented during the contract periodduration of the contract.

Embargoes. Our cover may not apply and we will incur no liability to pay any a claim insofar that the provision of such cover and/or payment of such claim would cause us or any member of our group to be exposed to any sanction or penalty (including extra territorial sanctions) originating out of or related to United Nation’s resolutions or trade or economic sanctions, laws or regulations of the European union or of any State, whether these sanctions existed at the inception of the Contract or were implemented during the contract Contract period.

Embargoes. Our cover may not apply and we will incur no liability to pay any a claim insofar that the provision of such cover and/or payment of such claim would cause us or any member of our group to be exposed to any sanction or penalty (including penalty(including extra territorial sanctions) originating out of or related to United Nation’s resolutions or trade or economic sanctions, laws or regulations of the European union Union or of any State, whether these sanctions existed at the inception of the Contract or were implemented during the contract period.