Prohibited Jurisdiction Clause Samples
A Prohibited Jurisdiction clause restricts the parties from engaging in activities or transactions that involve certain specified countries, regions, or legal jurisdictions. Typically, this clause lists jurisdictions where business is not permitted due to legal, regulatory, or policy reasons, such as countries subject to international sanctions or embargoes. By clearly identifying these restricted areas, the clause helps ensure compliance with applicable laws and reduces the risk of legal penalties or reputational harm for the parties involved.
Prohibited Jurisdiction. Any country or jurisdiction, from time to time, that is subject of a prohibition order (or any similar order or directive), sanctions or restrictions promulgated or administered by the Office of Foreign Assets Control of the United States Treasury Department.
Prohibited Jurisdiction. Any country or jurisdiction, (a) from time to time, that is subject of a prohibition order (or any similar order or directive), sanctions or restrictions promulgated or administered by the Office of Foreign Assets Control of the United States Treasury Department and (b) in which, or for which, a Lender or any assignee thereof is otherwise prohibited or restricted on the Closing Date and as disclosed in writing to the Borrower, under laws, regulations, sanctions or restrictions applicable to it or its business, from extending credit, transferring property or assets, engaging in or facilitating trade or other economic activity, or otherwise doing business.
Prohibited Jurisdiction. Any country or jurisdiction, from time to time, (a) that is subject of a prohibition order (or any similar order or directive), sanctions or restrictions promulgated or administered by the Office of Foreign Assets Control of the United States Treasury Department and (b) in which, or for which, a Lender or any assignee thereof is otherwise prohibited or restricted, under laws, regulations, sanctions or restrictions applicable to it or its business, from extending credit, transferring property or assets, engaging in or facilitating trade or other economic activity, or otherwise doing business.
Prohibited Jurisdiction. If You are participating in Cash Tournaments or are a ZBO, You represent and warrant that You do not reside in a Prohibited Jurisdiction and that You are not currently physically present in a Prohibited Jurisdiction.
Prohibited Jurisdiction. Any country, Person or vessel subject to a sanctions program identified on (A) the list maintained by OFAC and available at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/resource-center/sanctions/Pages/default.aspx, or as otherwise published from time to time; or (B) (i) the sanctions list administered and updated from time to time by the European Union, the United Nations and all other applicable sanctions lists (the “EU/UN Sanctions List”), and (ii) without duplication of the clause (i), any Person organized under the laws of any of Cuba, Iran, Myanmar, Sudan, South Sudan, Syria or North Korea, until such countries are removed from the lists in clause (A).