Embargoed Person definition

Embargoed Person shall have the meaning set forth in Section 4.1.35 hereof.

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Embargoed Person means any person, entity or government subject to trade restrictions under U.S. law, including but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder with the result that the investment in Tenant is prohibited by law or Tenant is in violation of law.

Embargoed Person means any party that (i) is publicly identified on the most current list of “Specially Designated Nationals and Blocked Persons” published by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or resides, is organized or chartered, or has a place of business in a country or territory subject to OFAC sanctions or embargo programs or (ii) is publicly identified as prohibited from doing business with the United States under the International Emergency Economic Powers Act, the Trading With the Enemy Act, or any other Requirement of Law.

Examples of Embargoed Person in a sentence

• No Service Provider shall directly or indirectly use the proceeds of any Advance or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or any other Person, to fund any activities or business of or with any Embargoed Person, or in any Prohibited Country, or in a manner that will constitute a violation of Sanctions by any Person (including any Person participating in any Advance hereunder, whether as underwriter, advisor, investor, or otherwise).

• Cause or permit any of the funds of any of them that are used to repay the Advances to be derived from any unlawful activity or dealings with any Embargoed Person with the result that the making of the Advances would be in violation of any Anti-Money Laundering Laws or Sanctions.

• The Borrower shall not, nor shall it permit or cause any Borrower Subsidiary to, cause or permit (a) any of the funds or properties of any of them that are used to repay the Advances to constitute property of, or be beneficially owned directly or indirectly by, any Embargoed Person or (b) any Embargoed Person to have any direct or indirect interest of any nature whatsoever in any of the Borrower or any Borrower Subsidiary.

More Definitions of Embargoed Person

Embargoed Person shall have the meaning assigned to such term in Section 6.21.

Embargoed Person has the meaning assigned to such term in Section 9.22.

Embargoed Person means any person, entity or government subject to trade restrictions under U.S. law, including, but not limited to, The USA PATRIOT Act (including the anti-terrorism provisions thereof), the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701, et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder including those related to Specially Designated Nationals and Specially Designated Global Terrorists, with the result that the investment in Borrower, Principal or Guarantor, as applicable (whether directly or indirectly), is prohibited by law or the Loan made by the Lender is in violation of law.

Embargoed Person has the meaning provided in Section 4.1(LL).

Embargoed Person shall have the meaning set forth in Section 4.1.44 hereof.

Embargoed Person means any Person identified by OFAC or any other Person with whom a Person resident in the United States of America may not conduct business or transactions by prohibition of federal law or Executive Order of the President of the United States of America.

Embargoed Person has the meaning set forth in Section 6.21(c).