OFAC definition
OFAC means the Office of Foreign Assets Control of the United States Department of the Treasury.
OFAC shall have the meaning ascribed to such term in Section 3.1(kk).
OFAC has the meaning set forth in Section 3.23.
Examples of OFAC in a sentence
In addition, each Member acknowledges that the OFAC Sanctions Programs target dealings with individuals or entities in certain countries regardless of whether such individuals or entities appear on the OFAC Lists.
To the extent required, the Purchaser maintains policies and procedures reasonably designed for the screening of its investors against the OFAC sanctions programs, including the OFAC List.
More Definitions of OFAC
OFAC the Office of Foreign Assets Control of the United States Department of the Treasury and any successor thereto.
OFAC has the meaning assigned to such term in Section 3.17(a).
OFAC shall have the meaning provided in Section 3.25(b).
OFAC is the U.S. Department of Treasury Office of Foreign Assets Control. “OFAC Lists” are, collectively, the Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001) and/or any other list of terrorists or other restricted Persons maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable Executive Orders.
OFAC is defined in Section 5.16(a).
OFAC shall have the meaning set forth in Section 4.38 hereof.
OFAC has the meaning specified in Section 5.17.