Prohibited Customer definition

Prohibited Customer means a person or entity: i) whose name appears on the List of Specially Designated Nationals and Blocked Persons maintained by OFAC; or ii) who resides in a Non-Cooperative Jurisdiction or in a Sanctioned Regime.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Prohibited Customer means a person or entity who is subject to any sanctions or a person to whom we are legally prohibited from providing our services "Registration Data" has the meaning given to it under paragraph 8.8

Prohibited Customer means an individual or entity with whom OANDA is prohibited or restricted from transacting or otherwise dealing under any Sanction, whether by reason of designation under such Sanction or otherwise.

Examples of Prohibited Customer in a sentence

We would not agree to such transfer to a person who is a Prohibited Customer, for whom we do not consider our services to be appropriate or who we do not consider could comply with the terms of this Agreement, for example.
You acknowledge that if, following the opening of the Account, OANDA reasonably believes that you, or any beneficiary of the Account is a Prohibited Customer, or that you have breached your representations and warranties made herein, OANDA may be obligated to freeze your Account, either by prohibiting additional deposits, declining or delaying any withdrawal requests and/or segregating the assets constituting the Account in accordance with applicable regulations.
You acknowledge that if, following the opening of the Account, OANDA reasonably believes that you, or any beneficiary of the Account is a Prohibited Customer, or that you have breached your representations and warranties made herein, OANDA may be obligated to freeze withdrawals from your Account, either by prohibiting additional deposits, declining or delaying any withdrawal requests and/or segregating the assets constituting the Account in accordance with applicable regulations.
The Borrowers shall not, and shall not permit the Intermediate Holding Company or any of its Subsidiaries to, directly or indirectly, engage in any business or activity with any Prohibited Customer.
I will not engage in any Prohibited Customer Solicitation, as provided for in Section 5 below, during my employment and for a period of twelve (12) months thereafter.
In the event Reseller discovers or becomes aware that it has sold Goods, or is informed by Seller that it has sold Goods, to a Prohibited Customer, Reseller shall: (i) immediately cease selling to such Prohibited Customer, (ii) demand that the Prohibits Customer return the Goods, and (iii) take such other action as reasonably required by the Seller.
Ubimax will not be obliged to check whether the Customer Content involves Prohibited Customer Content.
Customer shall ensure that the Customer Content does not contain Prohibited Customer Content.
Intermediate Holdings shall not and shall not permit any of its Subsidiaries to, directly or indirectly, engage in any business or activity with any Prohibited Customer.
You acknowledge that if, following the opening of the Account, OANDA reasonably believes that you, or any beneficiary of the Account is a Prohibited Customer, or that you have breached your representations and warranties made herein, OANDA may be obligated to freeze withdrawals from your Account, either by prohibiting additional deposits, declining or delaying any withdrawal requests and/or segregating the assets constituting the Account inaccordance with applicable regulations.

More Definitions of Prohibited Customer

Prohibited Customer means a person or entity who is subject to any sanctions or a person to whom we are legally prohibited from providing our services "Scalping" means a trading strategy based on the premise that the client opens a larger than average number of Positions and closes them usually within a two-minute timeframe in order to accumulate quick profits from small price changes

Prohibited Customer means any customer or Merchant that (i) sells (or has an ownership interest in a business that sells) adult products or medical marijuana, (ii) operates (or has an ownership interest in) an on-line gambling or on-line pharmacy business, (iii) engages in, directly or indirectly, any illegal business or activity or (iv) is a Sanctioned Person. “Projections” as defined in Section 4.8. “Pro Rata Share” means, with respect to any Lender, the percentage obtained by dividing (a) the Term Loan Exposure of that Lender, by (b) the aggregate Term Loan Exposure of all Lenders. “Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Credit Party that has total assets exceeding $10,000,000 at the time the Guaranty or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. “Reaffirmation Agreement” means that certain Reaffirmation of Credit Documents and First Amendment to Pledge and Security Agreement, dated as of the Closing Date,

Prohibited Customer means any customer or Merchant that (a) sells (or has an ownership interest in a business that sells) adult products or medical marijuana, (b) operates (or has an ownership interest in) an on-line gambling or on-line pharmacy business, (c) engages in, directly or indirectly, any illegal business or activity or (d) is a Sanctioned Person.

Prohibited Customer has the same meaning as in the Payment Facilitator Relationship Program Standards;