OFAC Prohibited Person definition

OFAC Prohibited Person means, a country, territory, individual, entity, or organization (a) listed on, included within, or associated with, any of the countries, territories, individuals, entities, or organizations referred to on OFAC’s List of Specially Designated Nationals and Blocked Persons or any other prohibited person list maintained by government authorities, or otherwise included within or associated with any of the countries, territories, individuals, entity, or organization referred to in, or prohibited by, OFAC or any other Anti-Money Laundering Laws, or (b) that is obligated, or has any interest to pay, donate, transfer, or otherwise assign any property, money, goods, services, or other benefits directly or indirectly, to any countries, territories, individuals, organizations, or entities on or associated with anyone on such list or in the Anti- Money Laundering Laws.

OFAC Prohibited Person means a country, territory, individual or person (i) listed on, included within or associated with any of the countries, territories, individuals or entities referred to on The Office of Foreign Assets Control’s List of Specially Designated Nationals and Blocked Persons or any other prohibited person lists maintained by governmental authorities, or otherwise included within or associated with any of the countries, territories, individuals or entities referred to in or prohibited by OFAC or any other Anti-Money Laundering Laws, or (ii) which is obligated or has any interest to pay, donate, transfer or otherwise assign any property, money, goods, services, or other benefits from the property directly or indirectly, to any countries, territories, individuals or entities on or associated with anyone on such list or in such laws.

OFAC Prohibited Person means, a country, territory, individual, entity, or organization

Examples of OFAC Prohibited Person in a sentence

• Purchaser represents and warrants to Seller that Purchaser is not, and promises that throughout the term of this Agreement, Purchaser will not become, an OFAC Prohibited Person (as defined herein) nor is Purchaser acting as agent or nominee in connection with this transaction on behalf of an OFAC Prohibited Person.

• If Purchaser is suspected of being an OFAC Prohibited Person (e.g., by inclusion of a name similar to Purchaser’s on a list maintained under the Anti-Money Laundering Laws), Seller may suspend performance under this Agreement, while Seller performs additional investigation of Purchaser to ensure that Purchaser is not an OFAC Prohibited Person.

• Neither (i) Borrower; (ii) any Guarantor; (iii) any Person controlled by Borrower; (iv) nor any Person for whom Borrower is acting as agent or nominee in connection with this transaction, is an OFAC Prohibited Person.

• Without limiting Lender’s right to withhold its consent to any transfer or encumbrance, any transfer or encumbrance must be to or with a United States citizen or an entity owned or controlled by United States citizens which is not an OFAC Prohibited Person.

• As of the date hereof and throughout the term: (i) Tenant; (ii) any person or entity controlling or controlled by Tenant; (iii) if Tenant is a privately held entity, any person or entity having a beneficial interest in Tenant; or (iv) any person or entity for whom Tenant is acting as agent or nominee in connection with this transaction, is not an OFAC Prohibited Person, as herein defined.

• Borrower shall not permit any Person who is an OFAC Prohibited Person to own any direct or indirect interest in Borrower.

• As of the date hereof and throughout the term of the Bonds: (i) Borrower; (ii) any Person controlling or controlled by Borrower; (iii) if Borrower is a privately held entity, any Person having a beneficial interest in Borrower; or (iv) any Person for whom Borrower is acting as agent or nominee in connection with this transaction, is not an OFAC Prohibited Person.

• Without limiting Lender’s right to withhold its consent to any transfer or encumbrance not otherwise permitted below, any transfer or encumbrance (even those permitted below) must be to or with a United States citizen or an entity owned or controlled by United States citizens which is not an OFAC Prohibited Person.

• Without limiting Lender's right to withhold its consent to any transfer or encumbrance prohibited hereunder, any transfer or encumbrance must be to a Person who is not, and is not an Affiliate of, an OFAC Prohibited Person.

• Borrower shall not permit any Person who is an OFAC Prohibited Person to own any direct or indirect interest in Borrower or Fund Guarantor.

More Definitions of OFAC Prohibited Person

OFAC Prohibited Person means a country, territory, individual or Person (i) listed on, included within or associated with any of the countries, territories, individuals or entities referred to on OFAC’s List of Specially Designated Nationals and Blocked Persons or any other prohibited person lists maintained by governmental authorities, or otherwise included within or associated with any of the countries, territories, individuals or entities referred to in or prohibited by OFAC or any other Anti-Money Laundering Laws, or (b) which is obligated or has any interest to pay, donate, transfer or otherwise assign any property, money, goods, services, or other benefits to any countries, territories, individuals or entities on or associated with anyone on such lists or in such Laws.

OFAC Prohibited Person means a country, territory or Person (i) listed on, included within or associated with any of the countries, territories or Persons referred to on The Office of Foreign Assets Control’s List of Specially Designated Nationals and Blocked Persons or any other prohibited person lists maintained by any Governmental Authority, or otherwise included within or associated with any of the countries, territories or Persons referred to in or prohibited by OFAC or any other Anti-Money Laundering Laws, or (ii) which pays, donates, transfers or otherwise assigns any property, money, goods, services, or other benefits from any Property directly or indirectly, to any countries, territories or Persons on or associated with any country, territory or Person on such list or included in such laws.

OFAC Prohibited Person means a person or entity with whom U.S. persons or entities are restricted from doing business under regulations of OFAC (including those named on OFAC's Specially Designated Nationals and Blocked Persons List) or under any statute, executive order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action or Government Lists.

OFAC Prohibited Person means a country, territory, individual or person (i) listed on, included within or associated with any of the countries, territories, individuals or entities referred to on OFAC’s List of Specially Designated Nationals and Blocked Persons or any other prohibited person lists maintained by governmental authorities, or otherwise included within or associated with any of the countries, territories, individuals or entities referred to in or prohibited by OFAC or any other Anti-Money Laundering Laws, or (ii) which is obligated or has any interest to pay, donate, transfer or otherwise assign any property, money, goods, services, or other benefits from the Property directly or indirectly, to any countries, territories, individuals or entities on or associated with anyone on such list or in such laws.

OFAC Prohibited Person means a country, territory, individual or person