OFAC definition

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

OFAC shall have the meaning assigned to such term in Section 3.22.

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

Examples of OFAC in a sentence

• The Company shall use the net proceeds from the sale of the Securities hereunder as set forth in the Prospectus and shall not use such proceeds: (a) for the satisfaction of any portion of the Company’s debt (other than payment of trade payables in the ordinary course of the Company’s business and prior practices), (b) for the redemption of any Common Stock or Common Stock Equivalents, (c) for the settlement of any outstanding litigation or (d) in violation of FCPA or OFAC regulations.

• The business of the Company and its Subsidiaries shall not be conducted in violation of any law, ordinance or regulation of any governmental entity, including, without limitation, FCPA and other applicable Anti-Bribery Laws, OFAC regulations and other applicable Sanctions Laws, and Anti-Money Laundering Laws.

• Furthermore, the Supplier undertakes to comply with all EU and US sanctions regulations and to check its business partners and sub/pre- suppliers against current UN, EU, US sanctions lists and OFAC lists.

• You may not use or access our Projects if you are located or resident in a country or territory that is, or whose government currently is, the target of sanctions, embargoes or trade restrictions imposed by any U.S. government authority, or you are a foreign person currently included on the List of Specially Designated Nationals and Blocked Persons or the Foreign Sanctions Evaders List maintained by the U.S. Treasury Department’s OFAC.

• Human Resources Background Check Attestation for completion of 7-year search for-SSN Trace, County Resided and Employed search, National Criminal, OFAC, and VSOP (Violent Sexual Offender Predatory) completed prior to first assignment with agency.

More Definitions of OFAC

OFAC has the meaning set forth in Section 3.23.

OFAC the Office of Foreign Assets Control of the United States Department of the Treasury and any successor thereto.

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 has the meaning assigned to such term in Section 3.17(a).

OFAC shall have the meaning provided in Section 3.25(b).

OFAC means the U.S. Treasury Department Office of Foreign Assets Control.