Common use of Sanctioned Countries Clause in Contracts

Sanctioned Countries. 6.1 Institution confirms that neither the Institution, nor any of its officers, directors or employees, is an individual or entity (“Person”) that is, or is owned or controlled by Persons that are: (a) listed on (i) any of the restricted party lists maintained by the U.S. Government, including the Specially Designated Nationals List and Foreign Sanctions Evaders List administered by the U.S. Department of Treasury’s Office of Foreign Assets Controls, the Denied Parties List, Unverified List or Entity List maintained by the U.S. Department of Commerce Bureau of Industry and Security, and the List of Statutorily Debarred Parties maintained by the U.S. State Department’s Directorate of Defense Trade Controls, (ii) the consolidated list of asset freeze targets designated by the United Nations, European Union, and United Kingdom, and any other applicable jurisdictions, or (iii) any other restricted party lists maintained by any governmental or non-governmental entity or agency (collectively, “Restricted Party List”); or

Sanctioned Countries. 6.1 7.1 Institution confirms that neither the Institution, nor any of its officers, directors or employees, is an individual or entity (“Person”) that is, or is owned or controlled by Persons that are: (a) listed on (i) any of the restricted party lists maintained by the U.S. Government, including the Specially Designated Nationals List and Foreign Sanctions Evaders List administered by the U.S. Department of Treasury’s Office of Foreign Assets Controls, the Denied Parties List, Unverified List or Entity List maintained by the U.S. Department of Commerce Bureau of Industry and Security, and the List of Statutorily Debarred Parties maintained by the U.S. State Department’s Directorate of Defense Trade Controls, (ii) the consolidated list of asset freeze targets designated by the United Nations, European Union, and United Kingdom, and any other applicable jurisdictions, or (iii) any other restricted party lists maintained by any governmental or non-governmental entity or agency (collectively, “Restricted Party List”); or