Sanctions definition
Examples of Sanctions in a sentence
Purchaser further represents and warrants that (A) the funds held by Purchaser and used to purchase the Securities were not directly or indirectly derived from or related to any activities that may contravene U.S. federal, state, or non-U.S. anti-money laundering, anti-corruption, or Sanctions laws and regulations or activities that may otherwise be deemed criminal and (B) any returns from the Purchaser’s investment will not be used to finance any illegal activities.
The Company has established and maintains policies and procedures reasonably designed to promote and achieve compliance with any Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions applicable to the Company Group.
Neither the Business nor any MACROBUTTON DocID \\4155-5384-5610 v2 director or officer of a Seller Party or, to Seller’s Knowledge, any employee, agent, Representative or consultant of the Business is or has been a Person with whom transactions are prohibited or limited under any applicable Sanctions and Export and Import Laws.
None of Buyer nor any of its Affiliates, nor, to the Knowledge of Buyer, any of their officers, directors, managers, employees, acting directly or indirectly on behalf of, or pursuant to a contract with, the Buyer or any of its Affiliates, in the past three (3) years has been: (a) a Sanctioned Person, (b) engaging, directly or indirectly, in any dealings or transactions with any Sanctioned Person or in any Sanctioned Country, or (c) otherwise in violation of applicable Sanctions Laws.
The Business has prepared, timely obtained, and maintained all licenses and authorizations required under any Export and Import Law or Sanctions for the conduct of its business, and the Business has been in compliance with the terms of such licenses and authorizations.