Barred Person means (i) any person, group or entity named as a “Specially Designated National and Blocked Person” or as a person who commits, threatens to commit, supports, or is associated with terrorism as designated by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), (ii) any person, group or entity named in the lists maintained by the United States Department of Commerce (Denied Persons and Entities), (iii) any government or citizen of any country that is subject to a United States Embargo identified in regulations promulgated by OFAC and (iv) any person, group or entity named as a denied or blocked person or terrorist in any other list maintained by any agency of the United States government.
Barred Person means any Person with whom a U.S. Person is barred from transacting business under U.S. law, including but not limited to (i) Persons identified as specially designated terrorists, narcotics traffickers, or blocked Persons by the U.S. Government on the “Specially Designated Nationals and Blocked Persons List” maintained by the U.S. Treasury Department; and (ii) Persons that are citizens of or organized or domiciled or resident in countries subject to U.S. economic embargo restrictions and thereby barred from transactions with U.S. Persons. “U.S. Person” means a person, that is a citizen of or organized or domiciled or resident in the United States. “Owned or Controlled” and variations thereof mean a direct or indirect interest in the Entity in question, including but not limited to voting or non-voting equity, partnership, joint venture and other arrangements, and specifically including but not limited to (1) all members of limited liability companies, (2) all shareholders owning ten percent (10%) or more of the outstanding shares of corporations, measured on an aggregate and/or class- by-class basis, (3) all general partners of limited partnerships and general partnerships, (4) all limited partners owning ten percent (10%) or more of the outstanding limited partnership interests in limited partnerships, (5) all trustees and settlors of trusts, and (6) all beneficiaries owning ten percent (10%) or more of the beneficial interests in trusts.
Examples of Barred Person in a sentence
It is illegal for a Barred Person to work or seek to work in Regulated Activity.
To be clear, nothing in the Bar Order precludes the rights of any Barred Person to assert claims, other than Barred Claims, against any Released Party.
The provisions of the bar order do not apply to claims for contractual indemnity, claims for which a court has determined there is no joint liability between a Barred Person and a Released Party, or any claims for contribution or non-contractual indemnity that are asserted with respect to any claims that have not been brought by or on behalf of the Debtors' estates, the Litigation Trust, the Creditors' Trust or any Person asserting a Preserved Cause of Action.
The Plan therefore provides for a bar order forbidding prosecution by a Barred Person (defined below) against a Released Party of claims sounding in contribution or non-contractual indemnity arising out of or reasonably flowing from the Released Claims or the Preserved Causes of Action.
If, after the Effective Date, a claim is brought by the Trusts or another party asserting claims on behalf of the Debtors' estates against a Barred Person and a court determines that the Barred Person would have recovered on a claim for contribution or non-contractual indemnity against a Released Party absent the bar order, the Barred Person would be entitled to a reduction in the judgment against them equal in amount to the Released Party's proportionate share of fault.
More Definitions of Barred Person
Barred Person means a person subject to a barring order made under Part 6 of the Gambling Administration Act 2019;
Barred Person means any person who has been issued a Barment Notice and who subsequently has not been removed from the Barred Persons List (as that term is later defined herein).
Barred Person means any Person with whom a U.S. Person is barred
Barred Person means (i) the Non-Settling Transeastern Lenders, (ii) RSUI,
Barred Person means: a “disqualified person”, or a person who is subject to an “interim bar”, under the CPWC Act; or a “registrable person” referred to in the Child Protection (Offenders Registration) Act 2000 (NSW). Budget the budget (if any) for the expenditure of the Funds that is stated in the Schedule or is otherwise required by the Schedule to be provided in relation to the Services, as may be updated in accordance with the Agreement. Business Day a day that is not a Saturday, Sunday or a gazetted public holiday in New South Wales.
Barred Person means any person or entity who is insured by the Settling Carriers or asserts that he, she or it is insured by the Settling Carriers under the Policies, including but not limited to HealthSouth, the Settling Individual Defendants, and the Non-Settling Defendants, and "Barred Claims" means any and all manner of action or actions, cause or causes of action, suits, debts, liens, contracts, agreements, promises, liabilities, claims, rights, demands, damages, losses, costs, charges or expenses, of any nature whatsoever, in law or in equity, known or unknown, suspected or unsuspected, fixed or contingent, that are based upon, in consequence of, arise out of or relate in any way, whether in whole or in part, to (i) the Policies (ii) the Coverage Litigation, (iii) the Underlying Litigation, (iv) the litigation, defense, and settlement of the Coverage Litigation and the Underlying Litigation, and/or (v) any of the facts, circumstances, and situations underlying or alleged in the Coverage Litigation and the Underlying Litigation.
Barred Person means: a “disqualified person”, or a person who is subject to an “interim bar”, under the CPWC Act; or a “registrable person” referred to in the Child Protection (Offenders Registration) Act 2000 (NSW). You agree to: identify and comply with Your statutory obligations when engaging others in "child-related work" (as defined in the CPWC Act); ensure that Your Personnel are aware of and comply with their own statutory obligations in relation to such "child-related work"; and ensure that You and Your Personnel do not engage in any conduct that may bring Us into disrepute or lead to Reputational Proceedings being commenced. You agree to give Us on request such information as We may reasonably require in order for Us to assess Your compliance with this clause 7.1. Objections to and removal of Personnel We may object to any Personnel allocated by You to provide the Services where such Personnel have engaged in misconduct or, We believe, cannot perform the inherent requirements of the Services. Where We make any such objection to Your Personnel: You agree not to allocate such Personnel to the Services; and We will consult with You about the objection. Without limiting any other term of the Agreement, We may require the immediate removal of Personnel from undertaking any function or role in relation to the Services where, in Our reasonable opinion, the Personnel represents an unacceptable risk to any person who receives the benefit of the Services. Subcontracting You agree not to subcontract the whole or any part of the Services without Our prior written consent. We may in Our discretion: approve or not approve the engagement of any subcontractor; and impose any conditions on Our approval of a subcontractor that We consider appropriate. You agree: that subcontracting of any part of the Services by You does not in any way reduce Your responsibility for those Services; You are liable for any subcontractor’s acts and omissions as if they were Your own; that any subcontract You enter into with a subcontractor in relation to the Services must be consistent with the Agreement; and to ensure that all subcontractors comply with the terms of the Agreement as if they were a party to it. We may at any time require You to immediately cease using any subcontractor on reasonable grounds by notice in writing to You and You agree to comply with any such notice.