OFAC Violation definition

OFAC Violation has the meaning assigned to such term in Section 5.12(b).

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OFAC Violation has the meaning assigned to such term in Section 7.16(e) of the Financing Agreement.

OFAC Violation has the meaning assigned to such term in Section 3(s)(v) of this Guaranty.

Examples of OFAC Violation in a sentence

• Further, if either party hereto becomes aware of or receives any notice of any violation of the foregoing covenant and agreement (an “OFAC Violation”), such party will within twenty (20) days thereafter use commercially reasonable efforts to comply with all laws applicable to such OFAC Violation, including, without limitation, Executive Order 13224; the International Emergency Economic Powers Act, 50 U.S.C. Sections 1701-06; the Iraqi Sanctions Act, Pub.

• Notwithstanding anything to the contrary in this Paragraph 3.11, Trustor shall not be deemed to be in violation of the covenants and agreements set forth in the first sentence of this Paragraph 3.11 if Trustor timely complies with all requirements imposed by the foregoing sentence and all requirements of the Anti-Terrorism Regulations and all other applicable Laws relating to such OFAC Violation.

• It hereby authorizes and consents to the Agents and the Lenders taking any and all steps they deem necessary, in their sole discretion, to comply with all applicable laws with respect to any such OFAC Violation, including, without limitation, the requirements of the relevant Economic and Trade Sanctions and Anti-Terrorism Laws (including Export Prepayment Finance Agreement dated as of March 10, 2014 by and among Adecoagro Vale do Ivinhema S.A. and ING Bank N.V., among others.

• Notwithstanding the foregoing, Trustor hereby confirms that if it becomes aware or receives any notice of any violation of the foregoing covenant and agreement (an “OFAC Violation”), Trustor will immediately (i) give notice to Beneficiary of such OFAC Violation, and (ii) comply with all Laws applicable to such OFAC Violation, including, without limitation, Executive Order 13224; the International Emergency Economic Powers Act, 50 U.S.C. Sections 1701-06; the Iraqi Sanctions Act, Pub.

• Notwithstanding the foregoing, Tenant hereby confirms that if it becomes aware or receives any notice of any violation of the foregoing covenant and agreement (an “OFAC Violation”), Tenant will immediately (i) give notice to Landlord of such OFAC Violation, and (ii) comply with all laws applicable to such OFAC Violation, including, without limitation, Executive Order 13224; the International Emergency Economic Powers Act, 50 U.S.C. Sections 1701-06; the Iraqi Sanctions Act, Pub.

More Definitions of OFAC Violation

OFAC Violation has the meaning ascribed to it in Section 19.9(c).

OFAC Violation has the meaning assigned to such term in Section 6.18(e) of this Agreement.

OFAC Violation has the meaning ascribed to it in Section 9.8.

OFAC Violation has the meaning provided in Section 6.5(d) (Compliance with Government Rules, Etc.).

OFAC Violation has the meaning specified in Section 6.03(n)(i).

OFAC Violation has the meaning assigned to such term in Section 7(d) of the Master Lease Agreement.

OFAC Violation shall have the meaning ascribed to such term in Section 4.20(c). “O&M” shall have the meaning ascribed to such term in Section 4.12(b). “Organization State” has the meaning ascribed to such term in Section 3.01.