U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States of America pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

Examples of U.S. Economic Sanctions Laws in a sentence

Assuming that no Purchaser is a Sanctioned Person, no purchase or sale of the Bonds, or use of proceeds thereof, or other transaction contemplated by this Agreement will result in a violation by the Company or any of its Subsidiaries of any applicable Anti-Corruption Law or applicable U.S. Economic Sanctions Laws.
The Transaction Entities will not, and will not permit any Subsidiary to (a) become (including by virtue of being owned or controlled by a Blocked Person), own or control a Blocked Person or (b) directly or indirectly have any investment in or engage in any dealing or transaction (including any investment, dealing or transaction involving the proceeds of the Notes) with any Person if such investment, dealing or transaction is prohibited by or subject to sanctions under any U.S. Economic Sanctions Laws.
Each Securitization Party shall maintain or be subject to procedures and controls which it reasonably believes are adequate (and otherwise comply with applicable law) to ensure that the Securitization Party and each Controlled Entity is and will continue to be in compliance with all applicable U.S. Economic Sanctions Laws, Anti-Money Laundering Laws and Anti-Corruption Laws.
No Purchaser will knowingly use funds from any payment made under this Agreement (i) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Blocked Person, (ii) for any purpose that would cause the Company to be in violation of any U.S. Economic Sanctions Laws, or (iii) otherwise in violation of any U.S. Economic Sanctions Laws.
Neither the Parent Guarantor nor any Controlled Entity (1) has violated, been found in violation of, or been charged or convicted under, any applicable U.S. Economic Sanctions Laws, Anti-Money Laundering Laws or Anti-Corruption Laws or (2) to either Constituent Company’s knowledge, is under investigation by any Governmental Authority for possible violation of any U.S. Economic Sanctions Laws, Anti-Money Laundering Laws or Anti-Corruption Laws.

More Definitions of U.S. Economic Sanctions Laws

U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program. AmericasActive:12108486.6 None. AmericasActive:12108486.6 AmericasActive:12108486.6 The Purchasers of Potomac Electric Power Company First Mortgage Bonds, 2.53% Series due February 25, 2030 First Mortgage Bonds, 3.28% Series due September 23, 2050 named in Schedule I attached hereto (collectively, the “Purchasers”) Ladies and Gentlemen: We have acted as counsel to Potomac Electric Power Company, a District of Columbia and Virginia corporation (the “Company”), in connection with the issuance and sale by the Company of $150,000,000 aggregate principal amount of its First Mortgage Bonds, 2.53% Series due February 25, 2030 (the “2.53% Bonds”) and $150,000,000 aggregate principal amount of its First Mortgage Bonds, 3.28% Series due September 23, 2020 (the “3.28% Bonds” and, together with the 3.28% Bonds, the “Bonds”) pursuant to the Bond Purchase Agreement, dated as of February 25, 2020 (the “Bond Purchase Agreement”), among the Company and the Purchasers. The Bonds will be issued under will be issued under the Mortgage and Deed of Trust, dated July 1, 1936, from the Company to The Bank of New York Mellon (as successor trustee to The Xxxxx National Bank of Washington, D.C.), as trustee (the “Trustee”), as amended and supplemented by various supplemental indentures, including that certain Supplemental Indenture to the Mortgage and Deed of Trust, dated as of February 12, 2020, relating to the issuance of the Bonds (the “Supplemental Indenture") (such Mortgage and Deed of Trust, as so amended and supplemented, the “Mortgage”). This opinion is being delivered to you in accordance with Section 4.4(a) of the Bond Purchase Agreement. Unless otherwise defined herein, capitalized terms used herein have the respective meanings provided in the Bond Purchase Agreement. We have acted as counsel for the Company in connection with the preparation, execution and delivery of the Bond Purchase Agreement. In that capacity, we have examined the following:

U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which

U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which B-5 economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program. B-6 SCHEDULE 5.3 DISCLOSURE DOCUMENTS None. Schedule 5.3 (to Bond Purchase Agreement) EXHIBIT A FORM OF SUPPLEMENTAL INDENTURE Prepared by: Xxxxx X. Xxxx 000 Xxxxx Xxxxxx, X.X. - Mail Stop EP1300 Xxxxxxxxxx, X.X. 00000 Phone (000) 000-0000 Return to: Xxxxx X. Xxxx Assistant General Counsel and Assistant Secretary - Exelon Corporation 000 Xxxxx Xxxxxx, X.X. - Mail Stop EP1300 Xxxxxxxxxx, X.X. 00000 Phone (000) 000-0000 POTOMAC ELECTRIC POWER COMPANY 000 Xxxxx Xxxxxx, X.X., Xxxxxxxxxx, X.X. TO THE BANK OF NEW YORK MELLON 000 Xxxxxxx Xxxxxx, New York, NY as Trustee Supplemental Indenture Dated as of June 1, 2018 Supplemental to Mortgage and Deed of Trust Dated July 1, 1936 FIRST MORTGAGE BONDS, 4.27% SERIES DUE JUNE 15, 2048 FIRST MORTGAGE BONDS, 4.31% SERIES DUE NOVEMBER 1, 2048 A-100

U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic Schedule A-7 (to Bond Purchase Agreement) sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program. Schedule A-8 (to Bond Purchase Agreement) Schedule 2.2-1 (to Bond Purchase Agreement) Counterpart _____ of 100 THIS ONE HUNDRED {__________} SUPPLEMENTAL INDENTURE, dated as of October 1, 2018 (herein sometimes referred to as “this Supplemental Indenture”), made and entered into by and between CONSUMERS ENERGY COMPANY, a corporation organized and existing under the laws of the State of Michigan, with its principal executive office and place of business at One Energy Plaza, in Xxxxxxx, Xxxxxxx County, Michigan 49201, formerly known as Consumers Power Company (hereinafter sometimes referred to as the “Company”), and THE BANK OF NEW YORK MELLON (formerly known as The Bank of New York), a New York banking corporation, with its corporate trust offices at 000 Xxxxxxx Xx., New York, New York 10286 (hereinafter sometimes referred to as the “Trustee”), as Trustee under the Indenture dated as of September 1, 1945 between Consumers Power Company, a Maine corporation (hereinafter sometimes referred to as the “Maine corporation”), and City Bank Farmers Trust Company (Citibank, N.A., successor, hereinafter sometimes referred to as the “Predecessor Trustee”), securing bonds issued and to be issued as provided therein (hereinafter sometimes referred to as the “Indenture”),

U.S. Economic Sanctions Laws definition

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