OFAC Sanctions definition

OFAC Sanctions means any sanctions program administered by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) under authority delegated to the Secretary of the Treasury (the “Secretary”) by the President of the United States or provided to the Secretary by statute, and any order or license issued by, or under authority delegated by, the President or provided to the Secretary by statute in connection with a sanctions program thus administered by OFAC. For ease of reference, and not by way of limitation, OFAC Sanctions programs are described on OFAC’s website at xxx.xxxxx.xxx/xxxx.

OFAC Sanctions means the country or list based economic and trade sanctions administered and enforced by OFAC.

OFAC Sanctions has the meaning given to such term in Section 7.30.

Examples of OFAC Sanctions in a sentence

• NCPS is entitled to rely on Issuer Party’s CIP, anti-money laundering program and OFAC Sanctions Compliance Program, and upon NCPS’s request, Issuer Party shall provide customary certifications with respect thereto.

• Upon NCPS’s request, Issuer Party shall provide customary certifications as to Issuer Party’s CIP, anti-money laundering program and OFAC Sanctions Compliance Program on which NCPS is entitled to rely.

• None of the Loan Parties, nor any of their agents acting in any capacity in connection with the Loans or other transactions hereunder (A) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (B) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to any OFAC Sanctions Programs.

• In addition, each Member acknowledges that the OFAC Sanctions Programs target dealings with individuals or entities in certain countries regardless of whether such individuals or entities appear on the OFAC Lists.

• The Borrower shall at all times comply with the requirements of all OFAC Sanctions Programs to the extent applicable to the Borrower and shall cause each of its Subsidiaries to comply with the requirements of all OFAC Sanctions Programs to the extent applicable to such Subsidiary.

More Definitions of OFAC Sanctions

OFAC Sanctions has the meaning ascribed to such term in Section 18.2(a) of Schedule 5.

OFAC Sanctions means any of the OFAC sanctions programs, laws, rules, and regulations of the Office of Foreign Assets Control of the United States Department of the Treasury (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto.

OFAC Sanctions has the meaning set forth in Section 4.26(b).

OFAC Sanctions means any sanctions program administered by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) under authority delegated to the Secretary of the Treasury (the “Secretary”) by the President of the United States or provided to the Secretary by statute, and any order or license issued by, or under authority delegated by, the President or provided to the Secretary by statute in connection with a sanctions program thus administered by OFAC. For ease of reference, and not by way of limitation, OFAC Sanctions programs are described on OFAC’s website at w ww.treas.gov/ofac.

OFAC Sanctions has the meaning ascribed to it in Section 20.1 of Schedule V.

OFAC Sanctions means sanctions imposed from time to time by the United States Department of the Treasury Office of Foreign Asset Control;

OFAC Sanctions means the designation by OFAC of certain persons and certain companies into the SDN List.