Sanctions Clause. Owners represent, warrant, guarantee and undertake that:
Sanctions Clause. Chubb shall not provide cover and Chubb shall not be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose Chubb to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America. Chubb shall not cover any claim arising under this policy arising out of any trip in, to or through Cuba.
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.
Sanctions Clause. The parties warrant to each other that they have an active sanctions policy in place and that to the best of their knowledge none of the parties connected to the purchase of the vessel are Specially Designated Nationals under United Nations and / or United States of America and / or European Union sanctions. Clause 21. No Blacklisting / boycotting clause The Sellers confirm that to the best of their knowledge the Vessel is not blacklisted / boycotted by any nation or organization.
Sanctions Clause. The Bank endeavours to stop or prevent any criminal activities including money laundering and terrorist financing. Because of this the Bank can do any of the following things if it considers it necessary to do so, and or if Ghanaian and international laws, rules, regulations, restrictions and policies (‘the laws”) require it to do so: • The Bank may verify (check and confirm) the identity of any customer and entity as well as that of any persons related to or acting on behalf of or involved with such customers or entities. This includes, but is not limited to, mandated persons, directors, signatories, shareholders and related entities. The Bank will do this at the start of the business relationship and as often as it or the law considers necessary thereafter. • The Bank can refuse to do business with any person or entity that it considers undesirable. • The Bank will not willingly and knowingly do business with any person that appears on any sanction list as prescribed by legislation or used by it in the management of its risk or that is linked to any person that appears on such sanction list, or linked to any restricted countries or the government agencies of such restricted countries as determined from time to time. • The Bank can end its relationship with a customer. • The Bank can monitor any transactions and instructions. • The Bank can request further information before acting on any instruction or transaction. The Bank can verify any transaction or instruction or recipient before processing it. This may result in a delay in the Bank carrying out the instruction. • The Bank can refuse to carry out any instruction or transaction. • The Bank can place a hold on any account or facility. • You agree to assist the Bank to comply with the laws by providing the Bank with all the information and documents it requires. If you fail to do so or provide false information the Bank can refuse to enter into a relationship with you, refuse to carry out an instruction or process an instruction and can also end its relationship with you. • The Bank will not be legally responsible to you, or any person, or customer for any loss or damage, you or they suffer if it does any of the things mentioned above, or anything else necessary to comply with the laws.
Sanctions Clause. Each party represents and warrants to the other party that:
Sanctions Clause. The Company is not liable to make any payment for any claim under any coverage sections of this Policy or make any payment under any extension for any loss or claim arising in, or where the Insured Person or any beneficiary under the Policy is a citizen or instrumentality of the government of any country against which any laws and/or regulations governing this Policy and/or the Company, its parent Company or its ultimate controlling entity have established an embargo or other form of economic sanction which have the effect of prohibiting the Company to provide insurance coverage transacting business with or otherwise offering economic benefits to the insured or any other beneficiary under the Policy. It is further understood and agreed that no benefits of payments will be made to any beneficiary who is or are declared unable to receive economic benefits under the laws and/or regulations governing this Policy and/or the Company, its parent Company or its ultimate controlling entity.
Sanctions Clause. Seller represents and warrants to Buyer as at the date of this Contract and throughout its duration that:
Sanctions Clause. It is not possible for governments of countries sanctioned by the United Nations Security Council (UNSC), the European Union, the United Kingdom and the United States, persons and companies who are nationals/origins of these countries and/or resident in these countries to be entitled to this insurance contract from the beginning or in any way afterwards. Even if the governments of these countries, persons and companies who are nationals/origin of these countries and/or reside in these countries are shown as insurers, insured, pledged creditors or other right holders in this policy, or if the benefit subject to insurance has started to belong to them afterwards or if the rights arising from insurance have been transferred or transferred to them in any way, the insurance company shall be released from the obligation to provide and pay all kinds of guarantees and shall not be held liable in any way. This sanction clause applies to sanctions in force at the time of payment by the insurer, not at the time of the occurrence of the risk.
Sanctions Clause. The parties warrant to each other that they have an active sanctions policy in place and that to the best of their knowledge none of the parties connected to the purchase of the vessel are Specially Designated Nationals under United Nations and / or United States of America and / or European Union sanctions.
