OFAC definition

OFAC means the Office of Foreign Assets Control of the United States Department of the Treasury.

OFAC means the Office of Foreign Assets Control of the U.S. Department of the Treasury.

OFAC means the United States Department of Treasury Office of Foreign Assets Control.

Examples of OFAC in a sentence

• The Company shall use the net proceeds from the sale of the Securities hereunder for working capital purposes and shall not use such proceeds in violation of FCPA or OFAC regulations.

• You shall ensure that no transactions made hereunder constitute “prohibited transactions” under OFAC regulations.

More Definitions of OFAC

OFAC shall have the meaning assigned to such term in Section 3.22.

OFAC has the meaning set forth in Section 3.23.

OFAC is the U.S. Department of Treasury Office of Foreign Assets Control. “OFAC Lists” are, collectively, the Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001) and/or any other list of terrorists or other restricted Persons maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive Orders.

OFAC is defined in Section 5.16(a).

OFAC has the meaning assigned to such term in Section 3.17(a).

OFAC shall have the meaning provided in Section 3.25(b).

OFAC means the United States Department of the Treasury’s Office of Foreign Assets Control.