OFAC definition

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

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OFAC shall have the meaning ascribed to such term in Section 3.1(kk).

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

Examples of OFAC in a sentence

• It is not in violation of any of the country or list based economic and trade sanctions applicable to it and administered and enforced by OFAC.

• Directly or indirectly, knowingly or permit any Affiliate to knowingly enter into any documents, instruments, agreements or contracts with any Person listed on the OFAC Lists.

• Since their respective inception, the Company and its Subsidiaries have not engaged in and are not now engaged in any dealings or transactions with any OFAC Person that at the time of the dealing or transaction is or was, or whose government is or was, the subject or the target of Sanctions or with any Sanctioned Country.

• Since such Selling Shareholder’s inception, such Selling Shareholder and its subsidiaries have not engaged in and are not now engaged in any dealings or transactions with any Selling Shareholder OFAC Person that at the time of the dealing or transaction is or was the subject or the target of Sanctions or with any Sanctioned Country.

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

More Definitions of OFAC

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

OFAC has the meaning set forth in Section 3.23.

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

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

OFAC is defined in Section 5.16(a).

OFAC shall have the meaning set forth in Section 4.38 hereof.