Common use of INTERNATIONAL BOYCOTT PROHIBITION Clause in Contracts

INTERNATIONAL BOYCOTT PROHIBITION. If this Agreement exceeds $5,000, the Grant Recipient agrees, as a material condition of the Agreement, that neither the Grant Recipient nor any substantially owned or affiliated person, firm, partnership or corporation has participated, is participating, or shall participate in an international boycott in violation of the Federal Export Administration Act of 1979 (50 U.S.C. App. Sections 2401 et seq.) or regulations thereunder. If such Grant Recipient, or any of the aforesaid affiliates of Grant Recipient, is convicted or is otherwise found to have violated said laws or regulations upon the final determination of the United States Commerce Department or any other appropriate agency of the United States subsequent to the Agreement’s execution, such Agreement, amendment or modification thereto shall be rendered forfeit and void. The Grant Recipient shall so notify NYSERDA within five (5) business days of such conviction, determination or disposition of appeal. (See and compare Section 220-f of the Labor Law, Section 139-h of the State Finance Law, and 2 NYCRR 105.4).

INTERNATIONAL BOYCOTT PROHIBITION. If this Agreement exceeds $5,000, the Grant Recipient agrees, as a material condition of the Agreement, that neither the Grant Recipient nor any substantially owned or affiliated person, firm, partnership or corporation has participated, is participating, or shall participate in an international boycott in violation of the Federal Export Administration Act of 1979 (50 U.S.C. App. Sections 2401 et seq.) or regulations thereunder. If such Grant Recipient, or any of the aforesaid affiliates of Grant Recipient, is convicted or is otherwise found to have violated said laws or regulations upon the final determination of the United States Commerce Department or any other appropriate agency of the United States subsequent to the Agreement’s execution, such Agreement, amendment or modification thereto shall be rendered forfeit and void. The Grant Recipient shall so notify NYSERDA within five (5) business days Business Days of such conviction, determination or disposition of appeal. (See and compare Section 220-220- f of the Labor Law, Section 139-h of the State Finance Law, and 2 NYCRR 105.4).