OFAC, within the US Department of the Treasury, administers economic sanctions targeting certain countries, individuals, entities and organizations in order to further the national security and foreign affairs objectives of the US government. Economic sanctions are also administered by national authorities in the EU and in other countries - these sanctions partially overlap with US sanctions and in other respects differ in their nature and scope.
Controlled Entity, directly or indirectly, # in connection with any investment in, or any transactions or dealings with, any Blocked Person or Canada Blocked Person, # for any purpose that would cause any Purchaser to be in violation of any U.S. Economic Sanctions Laws or any Canadian Economic Sanctions Laws or # otherwise in violation of any U.S. Economic Sanctions Laws or any Canadian 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.
commercial activities in Iran or any other country that is a target of economic sanctions imposed under U.S. Economic Sanctions Laws.
Sanctions means any economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by any Governmental Authority.
“Sanction(s)” means any sanctions administered or enforced by the United States Government (including, without limitation, OFAC) or any other relevant sanctions authority.
"Sanctions" means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by # the U.S. government, including those administered by OFAC or the U.S. Department of State or # the United Nations Security Council, the European Union or any European Union member state, Her Majesty's Treasury of the United Kingdom or other relevant sanctions authority.
“Sanctioned Target”: Any individual, entity, group, sector, territory, or country that is the target of any Sanctions, including without limitation, any legal entity that is deemed to be a target of Sanctions based on the direct or indirect ownership or control of such entity by any other Sanctioned Target(s) as determined under the applicable Sanctions.
The Borrower and its Subsidiaries have conducted their businesses in compliance with Anti-Corruption Laws and applicable Sanctions and have instituted and maintained policies and procedures designed to promote and achieve compliance with Anti-Corruption Laws and applicable Sanctions. No Borrowing or Letter of Credit or use of proceeds thereof will violate Anti-Corruption Laws or applicable Sanctions.
the subject of sanctions by any Authority; or # engaging in any transaction or any other manner that would result in a violation by any Person of sanctions by any Authority.
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