Sanctioned Assets definition

Sanctioned Assets means (a) any Account, Instrument, Chattel Paper, or other obligation or property of any kind due from, owed by, or belonging to, a Sanctioned Person or Sanctioned Country and (b) any lease under which the lessee is a Sanctioned Person or Sanctioned Country.

Related to Sanctioned Assets

  • Sanctioned Entity means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled by a country or its government, (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program administered and enforced by OFAC.

  • Sanctioned Countries shall have the meaning set forth in Section 4.30.

  • Sanctioned Party means any persons, entities, bodies, or vessels designated by a Sanctioning Authority.

  • Sanctioned Persons shall have the meaning assigned to such term in Section 4.35.

  • Sanctioned Person means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in clauses (a) and (b).