OFAC Violation definition

OFAC Violation has the meaning assigned to such term in Section 5.12(b).

OFAC Violation has the meaning assigned to such term in Section 7.16(e) of the Financing Agreement.

OFAC Violation has the meaning assigned to such term in Section 5.15 of this Agreement.

Examples of OFAC Violation in a sentence

• Notwithstanding the foregoing, Tenant hereby confirms that if it becomes aware or receives any notice of any violation of the foregoing covenant and agreement (an “OFAC Violation”), Tenant will immediately (i) give notice to Landlord of such OFAC Violation, and (ii) comply with all laws applicable to such OFAC Violation, including, without limitation, Executive Order 13224; the International Emergency Economic Powers Act, 50 U.S.C. Sections 1701-06; the Iraqi Sanctions Act, Pub.

• Further, if either party hereto becomes aware of or receives any notice of any violation of the foregoing covenant and agreement (an “OFAC Violation”), such party will within twenty (20) days thereafter use commercially reasonable efforts to comply with all laws applicable to such OFAC Violation, including, without limitation, Executive Order 13224; the International Emergency Economic Powers Act, 50 U.S.C. Sections 1701-06; the Iraqi Sanctions Act, Pub.

• It hereby authorizes and consents to the Agents and the Lenders taking any and all steps they deem necessary, in their sole discretion, to comply with all applicable laws with respect to any such OFAC Violation, including, without limitation, the requirements of the relevant Economic and Trade Sanctions and Anti-Terrorism Laws (including Export Prepayment Finance Agreement dated as of March 10, 2014 by and among Adecoagro Vale do Ivinhema S.A. and ING Bank N.V., among others.

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• Notwithstanding the foregoing, Trustor hereby confirms that if it becomes aware or receives any notice of any violation of the foregoing covenant and agreement (an “OFAC Violation”), Trustor will immediately (i) give notice to Beneficiary of such OFAC Violation, and (ii) comply with all Laws applicable to such OFAC Violation, including, without limitation, Executive Order 13224; the International Emergency Economic Powers Act, 50 U.S.C. Sections 1701-06; the Iraqi Sanctions Act, Pub.

More Definitions of OFAC Violation

OFAC Violation has the meaning assigned to such term in Section 3(s)(v) of this Guaranty.

OFAC Violation has the meaning ascribed to it in Section 19.9(c).

OFAC Violation has the meaning ascribed to it in Section 9.8.

OFAC Violation has the meaning provided in Section 6.5(d) (Compliance with Government Rules, Etc.).

OFAC Violation has the meaning assigned to such term in Section 4.23 hereof.

OFAC Violation exists, with respect to a Reference Obligation, if any person uses the proceeds of such Reference Obligation, or lends, contributes or otherwise makes available such proceeds to any subsidiary, joint venture partner or any other person (a) to fund any activities or business of or with any person, or in any country or territory, that, at the time of such fund, is a Sanctioned Country or Sanctioned Person, as applicable, or (b) in any manner that would result in a violation of Sanctions by any person, including any person participating in such Reference Obligation, whether as underwriter, advisor, investor, lender, hedge provider, facility or security agent or otherwise.

OFAC Violation shall have the meaning assigned to such term in Section 12(p) of this Agreement.