Sanctions Law definition

Sanctions Law means any laws or regulations pertaining to international trade and financing, imports, exports, reexports, embargos or any other provision or receipt of goods and services, including without limitation, the various sanctions programs administered by OFAC or the U.S. Department of State.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Sanctions Law means all Legal Requirements concerning economic sanctions, including embargoes, export restrictions, the ability to make or receive international payments, the freezing or blocking of assets of targeted Persons, the ability to engage in transactions with specified persons or countries, or the ability to take an ownership interest in assets of specified Persons or located in a specified country, including any Laws threatening to impose economic sanctions on any person for engaging in proscribed behavior.

Sanctions Law has the meaning given to it in paragraph 10.5 of Schedule 13;

Examples of Sanctions Law in a sentence

• Buyer represents and warrants that Buyer: (i) is and shall remain in compliance with all laws administered by the United States Office of Foreign Assets Control or any other applicable governmental entity imposing economic sanctions and trade embargoes ("Economic Sanctions Laws") against designated countries, entities and persons (collectively, "Embargoed Targets"); (ii) is not an Embargoed Target or otherwise subject to any Economic Sanctions Law; and (iii) shall comply with all Economic Sanctions Laws.

• None of the execution, delivery and performance of this Agreement and the direct or indirect use of proceeds from any transaction contemplated hereby or the fulfilment of the terms hereof will result in a violation by any person of any Sanctions Law.

• The Anti-Foreign Sanctions Law of the Chinese Mainland gives the Chinese Mainland government the power to take countermeasures against sanctions imposed by foreign governments.

• Seller is not an Embargoed Target or subject to any Economic Sanctions Law, and Seller shall not (a) directly or indirectly export, re-export, transship or otherwise deliver any goods, including goods included within the Work, to an Embargoed Target or (b) broker, finance or otherwise facilitate any transaction in violation of any Economic Sanctions Law.

• Without limiting the generality of the foregoing, Buyer shall not (a) directly or indirectly export, re-export, transship or otherwise deliver any goods and/or Services provided by Seller or any portion of such goods and/or Services to an Embargoed Target, or (b) broker, finance or otherwise facilitate any transaction in violation of any Economic Sanctions Law.

More Definitions of Sanctions Law

Sanctions Law means any sanctions directive or order administered or enforced from time to time by Malaysia, the United States (in particular sanctions administered through US’. Department of Treasury’s Office of Foreign Assets Control (“OFAC”)), the United Nations Security Council, the European Union or other authorities against any individuals or entities which are located, organized or resident in a designated country or territory;

Sanctions Law means any economic or financial sanctions administered by a Sanctions Authority;

Sanctions Law means any international economic sanctions, restrictions, freezing of assets or designation on sanctions lists by the European Union, the United States or any other relevant jurisdiction based on the nationality of the parties or the execution of this Purchase Order.

Sanctions Law means all legal requirements concerning economic sanctions, including embargoes, export restrictions, the ability to make or receive international payments, the freezing or blocking of assets of targeted Persons, the ability to engage in transactions with specified persons or countries, or the ability to take an ownership interest in assets of specified Persons or located in a specified country, including any Laws threatening to impose economic sanctions on any person for engaging in proscribed behavior.

Sanctions Law means any sanctions directive or order administered or enforced by Malaysia, the United States of America, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union, or other relevant regulatory authorities against any individuals or entities which are located, organized or resident in a designated country or territory (including, without limitation, currently, Myanmar, Cuba, Iran, Libya, North Korea, Sudan and Syria). “Stored Value” means any amount remaining in MAE that is available for Transactions using MAE; “Stored Value Currency” means currency in Ringgit Malaysia; “TAC” means Transaction Authorization Code used to approve transaction; “Top-Up” means the adding of monetary value to MAE; “Transaction” means all the transactions debited from MAE including those for the purchase of goods and obtaining of services or bill payment or purchases and payments to merchants; “Wallet” or “MAE” means the electronic money facility of the Wallet Holder opened with us; “Wallet Holder” or “you” means the person to whom MAE is issued and registered under a full name and identification number (either MyKad or Passport) as the authorized user to use MAE.

Sanctions Law means any sanctions directive or order administered or enforced by Malaysia, the United States of America, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union, or other relevant regulatory authorities against any individuals or entities which are located, organized or resident in a designated country or territory (including, without limitation, currently, Myanmar, Cuba, Iran, Libya, North Korea, Sudan and Syria).

Sanctions Law means any laws or regulations concerning economic and trade sanctions and restrictions, such as those administered by the United Nations, United States authorities (such as those enforced by the United States Department of the Treasury, the United States Department of Commerce, and/or the United States Department of State), Her Majesty’s Treasury, and the European Union. These include but are not limited to laws or regulations governing anti-terrorism, and anti-money laundering activities, and include the United States Bank Secrecy Act, the United States Money Laundering Control Act of 1986, Executive Order No. 13224, and Title 3 of the USA Patriot Act (defined below), and any regulations promulgated under any of them, each as may be amended from time to time.