Prohibited Person definition
Prohibited Person means any Person:
Prohibited Person means any Person identified on the OFAC List or any other Person with whom a U.S. Person may not conduct business or transactions by prohibition of Federal law or Executive Order of the President of the United States of America.
Prohibited Person means any person (whether designated by name or by reason of being included in a class of persons) against whom Sanctions are directed;
Examples of Prohibited Person in a sentence
Borrower shall cause the removal or replacement of such Person or, if such removal or replacement is not reasonably feasible, the implementation of other mitigation measures acceptable to Lender, in either case within 60 days of Borrower obtaining Knowledge that such Person has become a Prohibited Person.
Any Borrower Party or Major Project Participant shall be or shall have become a Prohibited Person where the relevant Prohibited Person issue has not been mitigated timely in accordance with Section 5.7.4.
No Borrower Party or Major Project Participant shall become (whether through a transfer or otherwise) a Prohibited Person.
More Definitions of Prohibited Person
Prohibited Person has the meaning set forth in Section 4.1(v) hereof.
Prohibited Person has the meaning set forth in Section 13(a)(27) hereof.
Prohibited Person shall have the meaning set forth in Section 11(aa) hereof.
Prohibited Person means any Person (a) listed in the Annex to the Executive Order or identified pursuant to Section 1 of the Executive Order; (b) that is owned or controlled by, or acting for or on behalf of, any Person listed in the Annex to the Executive Order or identified pursuant to the provisions of Section 1 of the Executive Order; (c) with whom a Lender is prohibited from dealing or otherwise engaging in any transaction by any terrorism or anti-laundering law, including the Executive Order; (d) who commits, threatens, conspires to commit, or support “terrorism” as defined in the Executive Order; (e) who is named as a “Specially designated national or blocked person” on the most current list published by the OFAC at its official website, at ▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/offices/enforcement/ofac/sdn/t11sdn.pdf or any replacement website or other replacement official publication of such list; or (f) who is owned or controlled by a Person listed above in clause (c) or (e).
Prohibited Person means any person, firm or corporate entity, determined in the sole discretion of the Management Company as being not entitled to subscribe for or hold shares in the Investment Company or, as the case may be, in a specific sub-fund or share class, (i) if in the opinion of the Investment Company such holding may be detrimental to the Investment Company, (ii) it may result in a breach of any law or regulation, whether Luxembourg or foreign,
Prohibited Person means any person (whether designated by name or by reason of being included in a class of persons) against whom Sanctions are directed.
Prohibited Person means any of the following: (a) a person or entity that is listed in the Annex to, or is otherwise subject to the provisions of, Executive Order No. 13224 on Terrorist Financing (effective September 24, 2001) (the “Executive Order”); (b) a person or entity owned or controlled by, or acting for or on behalf of any person or entity that is listed in the Annex to, or is otherwise subject to the provisions of, the Executive Order; (c) a person or entity that is named as a “specially designated national” or “blocked person” on the most current list published by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) at its official website, ▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/offices/enforcement/ofac; (d) a person or entity that is otherwise the target of any economic sanctions program currently administered by OFAC; or (e) a person or entity that is affiliated with any person or entity identified in clause (a), (b), (c) and/or (d) above.