Prohibited Defense Asset definition

Prohibited Defense Asset means a Collateral Obligation in respect of which the related Obligor’s primary direct business is the production or distribution of antipersonnel landmines, cluster munitions, biological and chemical, radiological and nuclear weapons or their Critical Components.
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Prohibited Defense Asset. A Collateral Obligation in respect of which the related Obligor at the time of acquisition of the related Collateral Obligation derives (i) 10% or more of its revenues from the production, use, storage, trade, or the maintenance, transportation and financing of controversial weapons or components specifically designed for those types of controversial weapons (including antipersonnel landmines, cluster weapons, chemical and biological weapons, depleted uranium, nuclear weapons and white phosphorus) including any products which are prohibited under applicable international treaties or conventions (including but not limited to The Ottawa Convention on anti-personnel landmines, which entered into force on 1 March 1999, the Oslo convention on cluster munitions, which entered into force on 1 August 2010, the convention on the Prohibition of the Development, Production and Stockpiling of Bacteriological that entered into force on 26 March 1975. Biological and Toxin Weapons and on Their Destruction (BTWC), which entered into force in 1975, the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction (CWC), which entered into force in 1997, the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), rigorously controlled by the United Nations that entered into force on 5 March 1975 and the Council Regulation (EU) 2018/1542 of 15 October 2018 concerning restrictive measures against the proliferation and use of chemical weapons), or (ii) 10% or more of its revenues by supporting or providing assistance, research and technology dedicated only to those controversial weapons described in clause (i) herein.
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Prohibited Defense Asset means a Collateral Loan in respect of which the related Obligor’s primary direct business is the production or distribution of antipersonnel landmines,
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More Definitions of Prohibited Defense Asset

Prohibited Defense Asset means a Collateral Loan in respect of which the related Obligor’s primary direct business is the production or distribution of antipersonnel landmines,
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Related to Prohibited Defense Asset

  • Prohibited Items means any items which we or any Authorised Person deem to be dangerous or inappropriate including (without limitation) those items specified in sub-paragraphs 27(b)(c) and (d) of these Conditions and any further items listed at www.snowbombing.com from time to time;

  • Prohibited Transaction has the meaning set forth in ERISA Section 406 and Code Section 4975.

  • Prohibited Content means any content on any advertising media that:

  • Prohibited source means any person or entity who:

  • ERISA Plan means any employee pension benefit plan subject to Title IV of ERISA maintained by any ERISA Affiliate with respect to which any Restricted Person has a fixed or contingent liability.

  • Title IV-D means part D of title IV of the social security act, 42 USC 651 to 669b.

  • ERISA Plans has the meaning set forth in Section 3.1(n)(1).