Canadian Sanctions definition

Canadian Sanctions has the meaning set forth in Section 3.21.

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Canadian Sanctions means economic or financial sanctions administered, enacted or enforced by any sanctions authority including any restriction on the Lender’s or its Affiliates’ ability to conduct business with any banks or financial institutions in any country relevant to the transaction, pursuant to all applicable Canadian laws regarding sanctions and export controls (all such applicable laws currently in effect, all such new applicable laws in effect in the future or each as amended from time to time), such as the United Nations Act, Special Economic Measures Act, Export and Import Permits Act, Freezing Assets of Foreign Corrupt Officials Act, Criminal Code, Defense Production Act, Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Anti-Terrorism Act or any other similar Canadian statute or regulation.

Canadian Sanctions means economic or financial sanctions administered, enacted or enforced by any sanctions authority including any restriction on any of the Lender’s or its Affiliates’ ability to conduct business with any banks or financial institutions in any country relevant to the transaction, pursuant to all applicable Canadian laws regarding sanctions and export controls (all such applicable laws currently in effect, all such new applicable laws in effect in the future or each as amended from time to time), such as the United Nations Act, Special Economic Measures Act, Export and Import Permits Act, Freezing Assets of Foreign Corrupt Officials Act, Criminal Code, Defense Production Act, Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Anti-Terrorism Act or any other similar Canadian statute or regulation.

Examples of Canadian Sanctions in a sentence

• The Corporation represents and warrants that neither it nor any of its directors, officers or affiliates is a Person or is owned or controlled by a Person that is subject to Canadian Sanctions (a “Prohibited Person”) and the Corporation is not acting directly or indirectly on behalf of any Prohibited Person in connection with the transactions contemplated herein.

• The Company will not and will not permit any Controlled Entity to (a) become a Blocked Person or a Canadian Sanctions Designated Person; or (b) knowingly have any investments in or engage in any dealings or transactions with any Blocked Person or any Canadian Sanctions Designated Person.

• Based on the foregoing representations, the Investor hereby agrees that the Investor will not knowingly make, or will not cause the Adviser or any other party to make, on behalf of the Investor, any investments or other transactions in breach of the Canadian Sanctions.

• For the past five years, Holdings and its Subsidiaries have not knowingly engaged in, are not now knowingly engaged in, and will not engage in, any dealings or transactions with any person that at the time of the dealing or transaction is or was the subject or the target of Sanctions or Canadian Sanctions or with any Sanctioned Country.

• The Borrower will not, and will not permit any Subsidiary to, use the proceeds of any Loans hereunder (i) for the purpose of funding, financing or facilitating any activities, business or transactions of or with any Sanctioned Person or any Canadian Sanctioned Person, or in any Sanctioned Country or in any Canadian Sanctioned Country, or (ii) in any manner that would result in the violation of any Sanctions or Canadian Sanctions applicable to any party hereto.

• The Company represents and warrants that neither it nor, to the knowledge of the Company, any of its directors, officers or Affiliates is a Person or is owned or Controlled by a Person that is subject to Canadian Sanctions and the Company is not acting directly or indirectly on behalf of any such Person in connection with the Transactions.

• It will not engage in any activity which is prohibited under the Canadian Sanctions (as defined in Clause 21.18 (Sanctionable Practice), unless any such activity is conducted in compliance with a permit, certificate or other approval issued by the appropriate authority in accordance with its statutory or other powers in connection with the Canadian Sanctions.

• Neither the Company nor any of its directors, officers or Affiliates is a Person or is owned or controlled by a Person that is subject to Canadian Sanctions (a “Prohibited Person”).

• No Obligor is aware of any material violation by an Obligor of any of the country or list based economic and trade sanctions administered and enforced by OFAC or the United States Department of State or under Canadian Sanctions Law that is applicable to it ("Sanctions Laws").

• Customer agrees to not use Ariba Strategic Payables in any manner that may cause a violation by SAP or the AribaPay Processor of any (i) U.S. economic sanctions, laws, regulations or orders administered by OFAC or (ii) Canadian Sanctions Laws.

More Definitions of Canadian Sanctions

Canadian Sanctions means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the Government of Canada.

Canadian Sanctions means the United Nations Act (Canada), the Special Economic Measures Act (Canada), the Criminal Code (Canada), Part II.1, the Freezing Assets of Corrupt Foreign Officials Act (Canada), Justice for Victims of Corrupt Foreign Officials Act (▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Law), regulations and orders made thereunder, and any other Legal Requirement in Canada that imposes economic sanctions.

Canadian Sanctions means any prohibition from engaging in transactions with Persons on the lists created under various federal statutes and regulations (including the Freezing Assets of Corrupt Foreign Officials Act (Canada), the Justice for Victims of Corrupt Foreign Officials Act (Canada), the Special Economic Measures Act (Canada), the United Nations Act (Canada) and under the Criminal Code) and blocked Persons and foreign countries and territories subject to Canadian sanctions under various federal statutes and regulations (including the Area Control List of the Export and Import Permits Act (Canada)) administered by, among others, the Departments and that could be listed on the “Consolidated Canadian Autonomous Sanctions List” as maintained by Global Affairs Canada.

Canadian Sanctions means economic or financial sanctions administered, enacted or enforced by any sanctions authority including any restriction on any of the Lender’s or its Affiliates’ ability to conduct business with any banks or financial institutions in any country relevant to the transaction, pursuant to all applicable Canadian laws regarding sanctions and export controls (all such applicable laws currently in effect, all such new applicable laws in effect in the

Canadian Sanctions means the United Nations Act (Canada), the Special Economic Measures Act (Canada), the Criminal Code (Canada), Part II.1, the Freezing Assets of Corrupt Foreign Officials Act (Canada), Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law), regulations and orders made thereunder, and any other Legal Requirement in Canada that imposes economic sanctions.

Canadian Sanctions as used herein, means any sanctions which may at any time and from time to time be imposed under the United Nations Act, the Special Economic Measures Act, the Freezing Assets of Corrupt Foreign Officials Act or any other similar law;