Common use of No Sanction Clause in Contracts

No Sanction. The Parties acknowledge and agree that governmental authorities, including the U.S. federal government, prohibit trade with certain sanctioned or blocked parties and publishes and maintains lists of Persons with whom trade is prohibited (each such governmental authority’s list, a “Sanctioned Party List”). Each Party represents and warrants that it (a) is not on any Sanctioned Party List maintained by any governmental authority, (b) has no reason to believe it shall be placed on any Sanctioned Party List, and (c) shall not deal with, conduct any business with or otherwise transact in any manner related to the rights and obligations contained in this Agreement with any Person on any global Sanctioned Party List.