OFAC Prohibited Person definition

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.
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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.
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OFAC Prohibited Person means, a country, territory, individual, entity, or organization
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Examples of OFAC Prohibited Person in a sentence

  • 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.

  • 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.

  • 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.

  • Without limiting Lender’s right to withhold its consent to any Conveyance, any Conveyance must not be to a tenancy in common or an OFAC Prohibited Person.

  • Without limiting Administrative Agent’s right to withhold its consent to any Conveyance, any Conveyance must not be to a tenancy in common or 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.

  • Without limiting Lender's right to withhold its consent to any Conveyance, any Conveyance must not be to a tenancy in common or 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.

  • Neither Borrower nor the Borrower Subsidiaries, nor any entity or individual owning a controlling interest in or otherwise controlling Borrower or any Borrower Subsidiary is an OFAC Prohibited Person.


More Definitions of OFAC Prohibited Person

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.
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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.
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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.
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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. (r) “Person” means any individual, corporation, partnership, trust, limited liability company, association or other entity. (s) “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. (t) “Taxes” means all federal, state, local, foreign and other income, gross receipts, sales, use, production, ad valorem, transfer, franchise, registration, profits, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated, excise, severance, environmental, stamp, occupation, premium, property (real or personal), real property gains, windfall profits, customs, duties or other taxes, fees, assessments or charges of any kind whatsoever, together with any interest, additions or penalties with respect thereto and any interest in respect of such additions or penalties. (u) “Tax Return” means any return, declaration, report, claim for refund, information return or statement or other document relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof. (v) “Transaction Documents” means this Agreement, the Certificate of Designation, and the Bylaws.
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OFAC Prohibited Person means a country, territory, individual or person
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Related to OFAC Prohibited Person

  • Prohibited Person means any Person:

  • Interested Person shall have the meaning given it in Section 2(a)(19) of the 1940 Act;

  • Designated Person means a person or entity:

  • regulated person means a person whose collection activities are confined and are directly related to the operation of a business other than that of a collection agency including any of the following:

  • Permitted Person means – the Representatives of the Recipient; and any other person to whom the Recipient discloses Confidential Information with the prior written consent of the Disclosing Party;

  • Licensed person means an individual who is licensed or otherwise legally authorized to practice a professional service by a court, department, board, commission, or an agency of this state or another jurisdiction, any corporation or professional services corporation all of whose shareholders are licensed persons, any partnership all of whose partners are licensed persons, or any limited liability company all of whose members and managers are licensed persons.

  • Sanctioned Person means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, the European Union or any European Union member state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).

  • Exposed person means any person wholly or partially in a danger zone;

  • Prohibited Period means the period during which Executive is employed by the Company hereunder and a period of two years following the end of Executive’s employment with the Company.

  • Interested Party means a person: