U.S. Economic Sanctions definition

U.S. Economic Sanctions is defined in Section 5.16(a).

U.S. Economic Sanctions means United States economic sanctions, including but not limited to, the Trading with the Enemy Act, the International Emergency Economic Powers Act, CISADA or any similar law or regulation with respect to Iran or any other country, the Sudan Accountability and Divestment Act, any OFAC Sanctions Program, or any economic sanctions regulations administered and enforced by the United States or any enabling legislation or executive order relating to any of the foregoing.

U.S. Economic Sanctions shall have the meaning specified in Section 6.21.

Examples of U.S. Economic Sanctions in a sentence

• Neither the Company nor any Controlled Entity has been notified that its name appears or may in the future appear on a state list of Persons that engage in investment or other commercial activities in Iran or any other country that is subject to U.S. Economic Sanctions.

• The Company has established procedures and controls which it reasonably believes are adequate (and otherwise comply with applicable law) to ensure that the Company and each Controlled Entity is and will continue to be in compliance with all applicable current and future Anti-Money Laundering Laws and U.S. Economic Sanctions.

• None of the Obligors nor any Controlled Entity has been notified that its name appears or may in the future appear on a state list of Persons that engage in investment or other commercial activities in Iran or any other country that is subject to U.S. Economic Sanctions.

• The Company has established procedures and controls which it reasonably believes are adequate (and otherwise comply with applicable law) to ensure that the Company and each Controlled Entity is and will continue to be in compliance with all applicable current and future Anti‑Money Laundering Laws and U.S. Economic Sanctions.

• Neither the Company nor any Affiliated Entity has been notified that its name appears or may in the future appear on a state list of Persons that engage in investment or other commercial activities in Iran or any other country that is subject to U.S. Economic Sanctions.

More Definitions of U.S. Economic Sanctions

U.S. Economic Sanctions shall have the meaning specified in paragraph 8R(i) hereof.

U.S. Economic Sanctions has the meaning set forth in Section 7.2(b) hereof.

U.S. Economic Sanctions has the meaning set forth in Clause 3 of this Schedule 2.

U.S. Economic Sanctions is defined in the defined term “Blocked Person”.

U.S. Economic Sanctions is defined in paragraph 8X(a).

U.S. Economic Sanctions has the meaning given to such term in Section 4(i).

U.S. Economic Sanctions is defined in Section 5.16(a). SUBSIDIARIES OF THE COMPANY AND OWNERSHIP OF SUBSIDIARY STOCK SUBSIDIARIES OF THE COMPANY CORPORATE NAME JURISDICTION OF INCORPORATION OR FORMATION PERCENTAGE OF SHARES HELD OR BENEFICIALLY OWNED RESTRICTED SUBSIDIARY (Y/N) Stepan Holdings, LLC United States 100 % Y Stepan Canada Inc. Canada 100 % Y Stepan Specialty Products, LLC United States 100 % Y Stepan Specialty Products B.V. Netherlands 100 % Y Stepan Asia PTE. LTD. Singapore 100 % Y Stepan Europe S.A.S. France 100 % N Stepan UK Limited England and Wales 100 % N Stepan Deutschland GmbH Germany 100 % N Stepan Polska Sp. z o. o. Poland 100 % N Stepan Mexico, S.A. de C.V. Mexico 100 % N Stepan Quimica Ltda. Brazil 100 % N Stepan Colombia S.A.S. Colombia 100 % N Stepan Philippines, Inc. Philippines 100 % N Stepan Philippines Quaternaries, Inc. Philippines 100 % N Stepan India (Private) Limited India 100 % N Stepan Chemical (Nanjing) Co., Ltd. China 100 % N Nanjing Xxxxxx Xxxxxxx Chemical LLC. (Joint Venture) China 80 % N SCHEDULE 5.4 AFFILIATES OF THE COMPANY CORPORATE NAME JURISDICTION OF INCORPORATION OR FORMATION PERCENTAGE OF SHARES HELD OR BENEFICIALLY OWNED Tiorco, LLC (Joint Venture) United States 50 %