Restricted Party definition
Examples of Restricted Party in a sentence
It shall be deemed a material breach of this Agreement by Subscriber if Subscriber becomes a Restricted Party or otherwise becomes subject to government restrictions, whether such restrictions apply on Subscriber or on the region in which Subscriber is located, including any restrictions that result in a requirement not to use License Exception ENC and to instead obtain an export license or similar government authorization to supply Subscriber with products or services.
Subcontractor shall immediately notify the Company Contracting Representative if Subcontractor, or any parent, subsidiary or affiliate of Subcontractor becomes listed on any Restricted Party List or if Subcontractor's export privileges are otherwise denied, suspended or revoked in whole or in part by any U.S. or non-U.S. government entity or agency.