OFAC definition

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

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

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

Examples of OFAC in a sentence

• Price Services will also maintain policies and procedures to comply with economic sanction programs administered by the U.S. Treasury Department’s Office of Foreign Asset Control (“OFAC”), including checking Shareholder names against the OFAC list of sanctioned persons.

• A list of entities and individuals subject to restrictions, prohibitions and sanctions can be found at the web site of the Department of Treasury’s Office of Foreign Assets Control (OFAC), at xxxx://xxxxxxxx.xxx/ofac.

• None of Holdings, the Borrower or any of its Subsidiaries, nor, any director or officer of the Borrower or its Subsidiaries, nor to the knowledge of the Borrower, any employee or agent of the Borrower or any of its Subsidiaries, (i) is a Designated Person, (ii) is currently the subject of any U.S. sanctions administered by OFAC or (iii) located, organized or resident in a country that is subject of Sanctions Laws and Regulations.

• Both parties agree to comply with applicable export regulations, including but not limited to U.S. Export Administration Regulations and the OFAC embargoes and sanctions lists.

• To the extent applicable, Xxxxx agrees to comply with any government authorization under Sanctions Laws, including any authorization issued by OFAC in all activities involving Honeywell products, technology, software, or proprietary information.

More Definitions of OFAC

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

OFAC shall have the meaning ascribed to such term in Section 3.1(kk).

OFAC has the meaning set forth in Section 3.23.

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

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).