Prohibited Country definition

Prohibited Country means any country in which Eximbank coverage is not available for commercial reasons or in which Eximbank is legally prohibited from doing business, as designated in the Country Limitation Schedule.

Prohibited Country has the meaning set forth in Section 3.16.

Prohibited Country means a country or territory that is the subject of sanctions administered or enforced by any Sanctions Authority.

Examples of Prohibited Country in a sentence

• The source, origin and nationality of the services are not from a Prohibited Country (explained below).4.

• The source, origin and nationality of the products or services are not from a Prohibited Country (explained below).4.

• The source, origin and nationality of the products or services are not from a Prohibited Country (explained below).

• Similarly, indemnities may be provided by a Governmental Authority in lieu of particular insurances; provided, however, that the Grantors shall not, without the prior written consent of the Collateral Agent, be entitled to accept any new such governmental indemnities other than when such indemnities are granted by a Governmental Authority of a country or jurisdiction that is not a Prohibited Country.

• The source, origin and nationality of the products or services are not from a Prohibited Country (explained below).3.

More Definitions of Prohibited Country

Prohibited Country means any state, country or jurisdiction (a) which is subject to any sanction or embargo by the United Nations, the European Union (or the United Kingdom, France or Germany), the United States of America, the State of Registration or the Habitual Base or (b) with which any of France, Germany or the United Kingdom does not maintain diplomatic relations.

Prohibited Country means any country in which Ex-Im Bank coverage is not available for commercial reasons or in which Ex-Im Bank is legally prohibited from doing business, as designated in the Country Limitation Schedule.

Prohibited Country has the meaning determined, from time to time, in accordance with Section 5.03(a) hereof.

Prohibited Country has the meaning given to such term in Section 5.02(t).

Prohibited Country means any country or geographic region subject to comprehensive economic sanctions administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or the European Union, which currently includes: Cuba, Iran, North Korea, Sudan, Syria, and the Crimea region of Ukraine.

Prohibited Country means (a) any state, country or jurisdiction which is subject to any United Nations Security Council Resolution, European Union Decision or United States or other Applicable Law which would have the effect of prohibiting the sale, lease, charter, or voyage of the Vessel to or from such country or otherwise cause the Lender or Borrower, to be in contravention of any Applicable Law to which such party is subject; (b) any country to which voyages are not covered under the insurances required to be maintained by Borrower herein; or (c) any country which Lender determines now or in the future due to a change in law or circumstances that voyages to such country would materially prejudice the Lender’s ability to repossess the Vessel, or enforce the remedies or realize the benefit of the Liens and rights established under this Agreement and the other Loan Documents. Lender has designated without limitation Cuba, Iran, Syria, Sudan and North Korea as Prohibited Countries.

Prohibited Country means any prohibited country as listed on the Website.