Office of Foreign Assets Control (OFAC. The Parties represent that they are using, and shall use commercially reasonable efforts to continue to be in compliance with all applicable economic sanction laws. Neither Party shall be deemed to provide cover or 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 that Party to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the Xxxxxxxx Xxxxx, Xxxxxx Xxxxxxx, Xxxxxx or United States of America (the “Laws”). Whenever coverage provided by this Agreement would be in violation of any such economic or trade sanctions such coverage shall be null and void. Neither Party shall be required to take any action under this Agreement that would violate said Laws, including, but not limited to, making any payments in violation of the Laws. Should either Party discover or otherwise become aware that a reinsurance transaction has been entered into or a payment (including beneficiary payments) has been made in violation of the Laws, the Party who first becomes aware of the violation of the Laws shall notify the other Party, and the Parties shall cooperate in order to take all necessary corrective actions. The Parties agree that such reinsurance transaction shall be null, void and of no effect from its inception, to the same extent as if the reinsurance transaction had never been entered into. In such event, each Party shall be restored to the position it would have occupied if the violation had not occurred, including the return of any payments received, unless prohibited by law.
Office of Foreign Assets Control (OFAC. (1) Within sixty (60) days, the Board shall develop and implement policies, procedures, processes and a system of internal controls to ensure compliance with the Office of Foreign Asset Control Regulations set forth at 31 C.F.R. Part 500 (OFAC Procedures) and to monitor all transaction for full compliance with all applicable laws, regulations and regulatory guidance. At a minimum, the OFAC Procedures shall address the corrective actions set forth in the 2013 XXX requiring that the Bank’s OFAC risk assessment be sufficiently tailored to match the risk profile of the Bank and to ensure that OFAC filters are set to a sufficient level of sensitivity.
Office of Foreign Assets Control (OFAC. The Office of Foreign Assets Control may prevent us from sending an Item to or receiving an Item from certain Parties that are referred to herein as Blocked Parties. It is your obligation to make sure you do not initiate Items to or from Blocked Parties. You acknowledge that if we receive an Item from you for credit to a Blocked Party, we are obligated to deduct the amount of the Item from your account, credit the Item to a Blocked Account and report the Item to the OFAC. If we process the Item, your creditor’s financial institution may freeze the Item and report it to OFAC. In either event, the blocked party may not be considered paid and you will not have access to the funds. You agree to indemnify, defend and hold us harmless for any claim, loss or expense we suffer as a result of processing an Item to or from a Blocked Party. The provisions of this section shall survive termination of this Agreement.
Office of Foreign Assets Control (OFAC. Customer acknowledges that ACH transactions it initiates must comply with the laws of the United States, including OFAC‐enforced sanctions. Customers who initiate ACH transactions should not be acting on behalf of, or transmitting funds to or from, any blocked party subject to OFAC‐ enforced sanctions. Bank, as the originating depository financial institution (ODFI), may from time to time need to suspend processing of a transaction (particularly an international ACH transaction) for greater scrutiny that might result in delayed settlement and/or availability. Customer also acknowledges that failure to comply with applicable OFAC‐ enforced sanctions could result in liability for fines and other penalties assessed against the Bank pursuant to OFAC enforcement, which customer agrees to pay directly or to reimburse to the Bank. Information regarding OFAC requirements may be obtained at their website (xxxx://xxx.xxxxx.xxx/offices/enforcement/ofac ) or by calling the toll free OFAC Compliance Hotline at 1‐800‐540‐6322.
Office of Foreign Assets Control (OFAC. On August 26, 2021, to include August 27, 2021, we provided information to OFAC to verify and confirm that we were not listed on any database that was associated with money laundering or terrorist organizations. The review of the database resulted in no such findings or associations. Neither the Securities and Exchange Commission nor the Internal Revenue Service/United States Department of Treasury, nor any other regulatory body or entity has disapproved of these securities or passed upon the accuracy or adequacy of the reports from which the data was retrieved. There is currently no outstanding penalties or liens associated with this account. Please do not hesitate to contact me should there be any questions or concerns. Best Regards Super Account Administrator Xxxxxxx Xxxxx Xxxxxxxx Jr Foreign Private Trust Chief Executive Officer – Clan Mother Red Wolf Bey Express Trust Co-Chairman – Native San & Company, LLC Administrative Office of XXXXX XXXXXXXX EL 0000 Xxxxxx Xxxx Road NW Suite 3563, Huntsville, AL 35810 USA Email: xxxxxxxxxxxxxxxx@xxxxx.xxx Telephone: 000-000-0000 Web: xxxxxxxxxxxxxxxxxxxxxxxxx.xxxxxxxxx.xxx XXXXX XXXXXXXX EL - Owner / Trustee XXXXXXX XXXXX XXXXXXXX JR FOREIGN PRIVATE TRUST Member / Chairman - Native San & Company, LLC CFO-Treasurer / Trustee - Noble Firdaus El Express Trust X.X. Xxx 0000 Xxxxxxxxxx, XX 00000 Telephone: +0 000-000-0000 or 000-000-0000 Email: xxxxxxxxxxx@xxxxx.xxx 4 | Page 407 Approval 000 XXXXXXX XXXXXX 2ND FLOOR PITTSBURGH, PA 15221 EMAIL ADDRESS: XXXXXXXXXXXXXXXXXXXXXXXXX@XXXXX.XXX U.S. DEPARTMENT OF TREASURY DEPOSITORY TRUST COMPANY -------This is a Private Business Transaction. This communication may contain information that is legally privileged, confidential or exempt from disclosure. This is NOT an offer to buy or sell a security or make an investment of any kind. This is NOT an offer to provide advice or perform due diligence of a private transaction. By reading this communication, you acknowledge that you are responsible for any material you may submit via email, including the legality, reliability, appropriateness, originality and copyright of any such material. You represent and warrant that you own or otherwise control all the rights to the content you submit; that the content is accurate; that use of the content you supply will not cause injury to any person or entity; and that you will indemnify the XXXXXXX XXXXX XXXXXXXX JR FOREIGN PRIVATE TRUST and the Native San & Company, LLC for all claims result...
Office of Foreign Assets Control (OFAC. (a) Pursuant to United States Presidential Executive Order 13224 signed on September 24, 2001, and entitled “Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism” (“Executive Order”), U.S. companies are required to ensure that they do not transact business with persons or entities determined to have committed, or to pose a risk of committing or supporting, terrorist acts and those identified on the list of Specially Designated Nationals and Blocked Persons (“List”), generated by the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury. The names or aliases of these persons or entities (“Blocked Person”) are updated from time to time. If it is determined that Licensee is a Blocked Person, this Agreement shall be terminated. The provisions of this paragraph will survive termination of this Agreement.
(b) Licensee represents that, (i) neither Licensee nor any person or entity that directly owns 10% or greater equity interest in it nor any of its officers, directors, or managing members is a person or entity with whom U.S. persons or entities are restricted from doing business under regulations of OFAC (including those named on the List) or under the Executive Order, or other governmental action, and (ii) that throughout the Term of this Agreement, Licensee shall comply with the Executive Order.
Office of Foreign Assets Control (OFAC. (a) The Company covenants and represents that neither it nor any of its affiliates, subsidiaries, directors or officers are the target or subject of any sanctions enforced by the US Government, (including, the Office of Foreign Assets Control of the US Department of the Treasury (“OFAC”)), the United Nations Security Council, the European Union, HM Treasury, or other relevant sanctions authority (collectively “Sanctions”).
(b) The Company covenants and represents that neither it nor any of its affiliates, subsidiaries, directors or officers will use any payments made pursuant to this Indenture, (i) to fund or facilitate any activities of or business with any person who, at the time of such funding or facilitation, is the subject or target of Sanctions, (ii) to fund or facilitate any activities of or business with any country or territory that is the target or subject of Sanctions, or (iii) in any other manner that will result in a violation of Sanctions by any person.
Office of Foreign Assets Control (OFAC. Consultant represents and warrants to County that: (1) Consultant and the Consultant Representatives are not acting, and shall not act, directly or indirectly, for or on behalf of any
Office of Foreign Assets Control (OFAC. Consultant represents and warrants to County that: (1) Consultant and the Consultant Representatives are not acting, and shall not act, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule or regulation enforced or administered by the federal Office of Foreign Assets Control; and (2) Consultant and the Consultant Representatives are not engaged in the PA Project or entering into this PSA, directly or indirectly, on behalf of, or instigating or facilitating this transaction, directly or indirectly, on behalf of any such person, group, entity, or nation.
Office of Foreign Assets Control (OFAC. Each party represents and certifies to the other that (a) it is not a person and/or entity with whom United States (“U.S.”) persons or entities are restricted from doing business under U.S. law, executive power, or regulation promulgated thereunder by any regulatory body;
