Common use of Sanctions Clause Clause in Contracts

Sanctions Clause. Notwithstanding any other terms under this cover agreement, no company shall be deemed to provide coverage or will make any payments or provide any service or benefit to any participant or other party to the extent that such cover, payment, service, benefit and/or any business or activity of the participant would violate any applicable trade or economic sanctions law or regulation.

Appears in 2 contracts

Sources: Takaful Body Corporate Agreement, Takaful Body Corporate Agreement

Sanctions Clause. Notwithstanding any other terms under this cover agreement, no company shall be deemed to provide coverage or will make any payments or provide any service or benefit to any participant or other party to the extent that such cover, payment, service, benefit and/or any business or activity of the participant would violate any applicable trade or economic sanctions law or regulation.

Appears in 2 contracts

Sources: Takaful Commercial Agreement, Takaful Commercial Agreement