Common use of Office of Foreign Asset Control Clause in Contracts

Office of Foreign Asset Control. The Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy, or economy of the United States. OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. These lists can be found at xxxxx://xxxx.xxxxxxxx.xxx/policy-issues/office-of- foreign-assets-control-sanctions-programs-and-information. Grantee represents, warrants and agrees that neither Grantee nor any of its contractors, subcontractors, affiliates, agents, employees, officers, representatives or assigns are in violation of any federal law or laws pertaining to any entity or individual listed on any of the OFAC lists. Unless otherwise authorized or exempt, transactions by U.S. persons or in the United States may be or are prohibited if they involve transferring, paying, exporting, withdrawing, or otherwise dealing in the property or interests in property of an entity or individual listed on the Office of Foreign Asset Control’s (OFAC) SDN or other Lists. The property and interests in property of an entity that is 50 percent or more owned, whether individually or in the aggregate, directly or indirectly, by one or more persons whose property and interests in property are blocked pursuant to any part of 31

Office of Foreign Asset Control. The Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury Treasur y administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign countries and regimes, . terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy, policy or economy of the United States. OFAC publishes lists of individuals and companies owned or controlled by, . or acting for or on behalf of, . targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-country­ specific. These lists can be found at xxxxx://xxxx.xxxxxxxx.xxx/policy-issues/office-of- xxxxx://xxxx.xxxxxxxx.xxx/policy­ issues/office-of-foreign-assets-control-sanctions-programs-and-and­ information. Grantee represents, . warrants and agrees that neither Grantee nor any of its contractors, subcontractors, Grant Recipients, affiliates, agents, employees, officers, representatives or assigns are in violation of any federal law or laws pertaining to any entity or individual listed on any of the OFAC lists. Unless otherwise authorized or exempt, transactions by U.S. persons or in the United States may be or are prohibited if they involve transferring, paying, exporting, withdrawing, or otherwise dealing in the property proper t y or interests in property proper t y of an entity or individual listed on the Office of Foreign Asset Control’s 's (OFAC) SDN or other Lists. The property and interests in property of an entity entit y that is 50 percent or more owned, whether individually or in the aggregate, directly or indirectly, by one or more persons whose property proper t y and interests in property are blocked pursuant to any part of 3131 C.F.R. chapter V are also blocked, regardless of whether the entity itself is listed. Refer also to the U.S. Department of the Treasur y website: xxxxx://xxxx.xxxxxxxx.xxx/policy-issues/financial-sanctions/sanctions­ programs-and-country-information/ukraine-russia-related-sanctions.

Office of Foreign Asset Control. The Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy, policy or economy of the United States. OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. These lists can be found at xxxxx://xxxx.xxxxxxxx.xxx/policy-issues/office-of- foreign-assets-control-xxxxx://xxxx.xxxxxxxx.xxx/policy-issues/office-of-foreign-assets-control- sanctions-programs-and-information. Grantee represents, warrants warrants, and agrees that neither Grantee nor any of its contractors, subcontractorsRecipients, affiliates, agents, employees, officers, representatives representatives, or assigns are in violation of any federal law or laws pertaining to any entity or individual listed on any of the OFAC lists. Unless otherwise authorized or exempt, transactions by U.S. persons or in the United States may be or are prohibited if they involve transferring, paying, exporting, withdrawing, or otherwise dealing in the property or interests in property of an entity or individual listed on the Office of Foreign Asset Control’s (OFAC) SDN or other Lists. The property and interests in property of an entity that is 50 percent or more owned, whether individually or in the aggregate, directly or indirectly, by one or more persons whose property and interests in property are blocked pursuant to any part of 3131 C.F.R. chapter V are also blocked, regardless of whether the entity itself is listed. Refer also to the U.S. Department of the Treasury website: xxxxx://xxxx.xxxxxxxx.xxx/policy-issues/financial- sanctions/sanctions-programs-and-country-information/ukraine-russia-related- sanctions.

Office of Foreign Asset Control. The Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy, or economy of the United States. OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. These lists can be found at xxxxx://xxxx.xxxxxxxx.xxx/policy-issues/office-of- foreign-assets-control-sanctions-programs-and-information. Grantee represents, warrants and agrees that neither Grantee nor any of its contractors, subcontractors, Grant Recipients, affiliates, agents, employees, officers, representatives or assigns are in violation of any federal law or laws pertaining to any entity or individual listed on any of the OFAC lists. Unless otherwise authorized or exempt, transactions by U.S. persons or in the United States may be or are prohibited if they involve transferring, paying, exporting, withdrawing, or otherwise dealing in the property or interests in property of an entity or individual listed on the Office of Foreign Asset Control’s (OFAC) SDN or other Lists. The property and interests in property of an entity that is 50 percent or more owned, whether individually or in the aggregate, directly or indirectly, by one or more persons whose property and interests in property are blocked pursuant to any part of 3131 C.F.R. chapter V are also blocked, regardless of whether the entity itself is listed. Refer also to the U.S. Department of the Treasury website: xxxxx://xxxx.xxxxxxxx.xxx/policy-issues/financial- sanctions/sanctions-programs-and-country-information/ukraine-russia-related- sanctions.