Sanctions Laws definition
Examples of Sanctions Laws in a sentence
The Depositor represents, covenants, and warrants that any Delivery to the Trust performed by the Depositor or its Agent shall not be directly or indirectly derived from, invested for the benefit of or related in any way to, persons, entities, or jurisdictions that are subject to any country embargoes, in violation of any Sanctions Laws or on any Sanctions Lists.
The Obligors (i) have taken reasonable measures to ensure compliance with applicable Economic Sanctions Laws, Anti‑Terrorism Laws and Irish Anti-Terrorism Laws, (ii) are not Designated Persons and (iii) have not used any part of the proceeds from any advance on behalf of any Designated Person or, has not used, directly by it or indirectly through any Subsidiary, such proceeds in connection with any investment in, or any transactions or dealings with, any Designated Person.
Except as disclosed in Schedule 7.23, Obligors and, to the knowledge of the Obligors, any director, officer or employee of an Obligor acting on behalf of the Obligors, are in compliance with the Sanctions Laws.
Such Worldwide Code of Conduct includes a commitment that each of the Company and its subsidiaries, and their respective employees, “follow applicable import and export control laws when conducting business around the world,” including any Anti-Corruption Laws and Sanctions Laws and Regulations, and such commitment currently applies, and will apply, to all activities undertaken by each of the Company and its subsidiaries.
No Group Member is located, organized or resident in a country or territory that is the subject of comprehensive territorial Sanctions Laws (a “Sanctioned Country”) as of the Closing Date.