Applicable Sanctions Authority definition

Applicable Sanctions Authority means the U.S. Department of Treasury’s Office of Foreign Assets Contract (“OFAC”), the U.S. Departments of State or Commerce, the United Nations Security Council (“UNSC”), the European Union (“EU”)), Switzerland or any other applicable sanctions authority.
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Applicable Sanctions Authority means the U.S. Department of Treasury’s Office of Foreign Assets Contract (<OFAC=), the U.S. Departments of State or Commerce, the United Nations Security Council (<UNSC=), the European Union (<EU=), Switzerland or any other applicable sanctions authority.
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Examples of Applicable Sanctions Authority in a sentence

  • Applicable Sanctions Authority means the U.S. Department of Treasury’s Office of Foreign Assets Contract (“OFAC”), the U.S. Departments of State or Commerce, the United Nations Security Council (“UNSC”), the European Union (“EU”), Switzerland or any other applicable sanctions authority.

  • Sanctions means any economic or financial sanctions, trade embargoes or restrictive measures administered or enforced by any Applicable Sanctions Authority.

  • Glencore may (without incurring any liability of any nature and regardless of any subsequent ownership change to you) terminate or suspend all or any part of the Agreement with immediate effect by written notice to you or take any other action it deems necessary in order for Glencore to comply with Sanctions or avoid the risk of designation as a sanctioned person by any Applicable Sanctions Authority.

Related to Applicable Sanctions Authority

  • State Sanctions List means a list that is adopted by any state Governmental Authority within the United States of America pertaining to Persons that engage in investment or other commercial activities in Iran or any other country that is a target of economic sanctions imposed under U.S. Economic Sanctions Laws.

  • OFAC Sanctions Program means any economic or trade sanction that OFAC is responsible for administering and enforcing. A list of OFAC Sanctions Programs may be found at xxxx://xxx.xxxxxxxx.xxx/resource-center/sanctions/Programs/Pages/Programs.aspx.

  • Sanctions List means the "Specially Designated Nationals and Blocked Persons" list issued by OFAC, the Consolidated List of Financial Sanctions Targets issued by Her Majesty's Treasury, or any similar list issued or maintained or made public by any of the Sanctions Authorities;

  • Sanctions means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom.

  • 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.

  • Economic Sanctions refers to sanctions imposed by the U.S. government in response to Russia’s actions in Ukraine, as well as any sanctions imposed under state law. The EO directs state agencies to terminate contracts with, and to refrain from entering any new contracts with, individuals or entities that are determined to be a target of Economic Sanctions. Accordingly, should the State determine Contractor is a target of Economic Sanctions or is conducting prohibited transactions with sanctioned individuals or entities, that shall be grounds for termination of this agreement. The State shall provide Contractor advance written notice of such termination, allowing Contractor at least 30 calendar days to provide a written response. Termination shall be at the sole discretion of the State.

  • OFAC means the Office of Foreign Assets Control of the United States Department of the Treasury.