Restrictive Sanctions definition
Restrictive Sanctions means applicable measures, resolutions, laws, rules, regulations, and executive orders adopted by the United Nations or implemented by the European Union, a European Union Member State ("Member State"), the United Kingdom, or the United States, including laws, regulations, and Executive Orders administered or enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) or the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”); “Relevant End-use" means military use; use in connection with chemical, biological or nuclear weapons or other nuclear explosive devices or the development, production, maintenance or storage of missiles capable of delivering such weapons; or, use in connection with Iran's enrichment-related, reprocessing, or heavy water-related activities. Client warrants and represents to GTT that (i) Client shall not, and shall not permit any third parties to, directly or indirectly, export, reexport, or release any products (including any software, documentation, and any related technical data included with, or contained in, such products, and any products utilizing any such products, software, documentation, or technical data), goods, works, or services provided by GTT to any jurisdiction or country to which, or any party to whom, the export, reexport, or release of any such goods, works or services is prohibited by applicable federal or foreign law, regulation, or rule, including Restrictive Sanctions; (ii) the performance of Client’s duties under this Agreement will not result in any funds, economic resources, products, goods, works, services, or wider benefits being made available, directly or indirectly, to any individual, entity, or body designated under Restrictive Sanctions measures adopted by the United Nations or implemented by the European Union, a Member State, United Kingdom, or the United States, or any party acting on behalf or at the direction of such an individual, entity, or body; and (iii) Client will not sell, export, transfer, re-export, or re-transfer any products, goods, works, or services provided by GTT which may be intended for a Relevant End-use unless prior authorisation by a competent authority has been granted. For the avoidance of doubt, and notwithstanding any other provision in this Agreement, Client shall not, and shall not permit any third parties to, directly or indirectly, export, reexport, or release any products, goods, works, or services provided by GTT to Iran,...
Restrictive Sanctions is as defined in Subsection 17.6 of the MSA.
Restrictive Sanctions means applicable measures, resolutions, laws, rules, regulations, and executive orders adopted by the United Nations or implemented by the European Union, a European Union Member State ("Member State"), the United Kingdom, or the United States, including laws, regulations, and Executive Orders administered or enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) or the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”);
Examples of Restrictive Sanctions in a sentence
End User shall indemnify and hold harmless ▇▇▇▇▇▇▇▇ from and against any claim, proceeding, action, fine, loss, cost and damages arising out of or relating to any non-compliance of End User with (i) Section 6.1b above or (ii) with Restrictive Sanctions and shall compensate ▇▇▇▇▇▇▇▇ for all losses and expenses resulting thereof.
The End User warrants and represents to ▇▇▇▇▇▇▇▇ that (i) the performance of their duties will not result in any funds, economic resources, or wider benefits being made available, directly or indirectly, to any individual, entity, or body designated under Restrictive Sanctions and (ii) it will not sell, export, transfer, re-export, or re-transfer of any Software which may be intended for a Relevant End-use unless prior authorisation by a competent authority has been granted.
More Definitions of Restrictive Sanctions
Restrictive Sanctions means Restrictive Sanctions measures adopted by the United Nations or implemented by the United Kingdom, European Union, a Member State, or the United States;
Restrictive Sanctions means restrictive sanctions measures adopted by the United Nations or implemented by the European Union, a Member State, or the United States .