Common use of Sanction Clause in Contracts

Sanction. (a) Neither the Guarantor, nor any of its respective Affiliates, members, directors, officers, employees or agents, nor (to be best of is knowledge) any Sub-charterer: (i) is a Restricted Person; (ii) is owned or controlled by or acting directly or indirectly on behalf of or for the benefit of, a Restricted Person; (iii) owns or controls a Restricted Person; or (iv) has a Restricted Person serving as a director, officer or, to the best of its knowledge, employee. (b) The Guarantor and its respective directors, officers, employees and agents and (to the best of its knowledge) any Sub-charterer is in compliance with all Sanctions laws, and none of them have been or are currently being investigated on compliance with Sanctions, they have not received notice or are aware of any claim, action, suit or proceeding against any of them with respect to Sanctions and they have not taken any action to evade the application of Sanctions.

Sanction. (a) Neither the Guarantor, nor any of its respective Affiliates, members, directors, officers, employees or agents, nor (to be best of is knowledge) any Sub-charterer: : (i) is a Restricted Person; ; (ii) is owned or controlled by or acting directly or indirectly on behalf of or for the benefit of, a Restricted Person; ; (iii) owns or controls a Restricted Person; or or (iv) has a Restricted Person serving as a director, officer or, to the best of its knowledge, employee. (b) The Guarantor and its respective directors, officers, employees and agents and (to the best of its knowledge) any Sub-charterer is in compliance with all Sanctions laws, and none of them have been or are currently being investigated on compliance with Sanctions, they have not received notice or are aware of any claim, action, suit or proceeding against any of them with respect to Sanctions and they have not taken any action to evade the application of Sanctions.