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 the Office of Foreign Assets Control of the United States Department of the Treasury and any successor thereto.
Examples of OFAC in a sentence
The Company 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 Ordinary Shares or Ordinary Share Equivalents, (c) for the settlement of any outstanding litigation or (d) in violation of FCPA or OFAC regulations.
More Definitions of OFAC
OFAC has the meaning set forth in Section 3.23.
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.