Prohibited Nations Acts means: (a) The Trading with the Enemy Act of 1917, 50 U.S.C.A. app. §1 et seq., of the United States of America, (b) the International Emergency Economic Powers Act, 50 U.S.C.A. §1701 et seq., of the United States of America, (c) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (“USA PATRIOT Act”), Pub. L. No. 107-56, 115 Stat. 272, of the United States of America and (d) any similar acts, executive orders or similar governmental actions of the United States of America or Nigeria, in each case including regulations issued thereunder. MATURITY ASSUMPTIONS The Credit Agreement will provide that the Loan (and hence the Notes) will not receive distributions of principal until the Maturity Date, except in the event of a Default that results in the acceleration of the Loan (and hence the Notes) or if the Bank causes the Issuer to prepay all or any portion of the Notes as provided in “Summary of Terms—Optional Prepayment” above. Principal on the Loan (and hence the Notes) is scheduled to be paid only on the Maturity Date as further described herein. See “Description of the Notes and the Other Transaction Documents—Notes and Indenture—Mandatory Prepayment” and “—Optional Prepayment”). Although it is anticipated that principal of the Notes will be paid in full on the scheduled Maturity Date, no assurance can be given in that regard. The ability of the Issuer to make any payment of principal on the Notes (whether on the Maturity Date or as a result of a Default resulting in a mandatory prepayment of the Loan) depends upon the corresponding payment by the Bank under the Loan. Accordingly, no assurance can be given as to the actual timing of payment of principal of the Notes distributed to the Noteholders.EXCHANGE RATES Exchange rates for the Nigerian currency in the 1990s were highly volatile but have been relatively more stable over recent years as a result of the strengthening of the Nigerian economy (including as a result of the elevated global prices for oil). Nigeria operates multiple exchange rates for the Naira within a band of +/- 3% around the central rate. The four current principal rates are:

Examples of Prohibited Nations Acts in a sentence

The Subscriber is a subsidiary of China Taiping Insurance Group Limited.
The Borrower will use the proceeds of the Loans solely for the purposes set forth in Section 5.14 and not for any purposes which would result in a violation of Applicable Law, including Anti-Money Laundering Laws, Anti-Corruption Laws, Prohibited Nations Acts or applicable Sanctions.
No proceeds from the Loans will be used by Alfa-Bank to make loans or otherwise provide funds (directly or, to its knowledge, indirectly) to countries (or any person or entity of such countries) or any other person or entity contrary to the Prohibited Nations Acts.
The Borrower has taken reasonable measures appropriate to the circumstances (in any event as required by Applicable Law) to ensure that the Borrower is and will continue to be in compliance with all applicable current and future Anti-Money Laundering Laws, Anti-Corruption Laws and the Prohibited Nations Acts.
The Company shall not (and shall not permit any of its Subsidiaries to) engage in any business other than: (i) the business of operating the Airports and businesses reasonably related thereto and (ii) managing or otherwise operating (but not investing in) airports in other countries other than any countries subject to sanctions under the Prohibited Nations Acts.

More Definitions of Prohibited Nations Acts

Prohibited Nations Acts means The Trading with the Enemy Act, 50 App. U.S.C. §§ 1-44, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-1706, the USA PATRIOT Act, the Cuban Liberty and Democratic Solidarity Act (Xxxxx-Xxxxxx Act), Pub. L. No. 104-114, related laws and regulations issued by the U.S. Office of Foreign Assets Control, including the Cuban Assets Control Regulations, and any similar acts or governmental actions of the United States, Spain, Argentina or the European Union to the extent applicable.

Prohibited Nations Acts means the Trading with the Enemy Act, 50 U.S.C. app. §§ 1-44 (2006), the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701- 1707 (2006), the USA Patriot Act, the Cuban Liberty and Democratic Solidarity Act (Xxxxx-Xxxxxx Act), Pub. L. No. 104-114, 110 Stat. 785 (1996), related regulations issued by OFAC or the U.S. Department of State, including the Cuban Assets Control Regulations in each case as may be amended or updated from time to time, and any similar acts or governmental actions of the United States to the extent applicable (including but not limited to economic or financial sanctions, sectoral sanctions, trade embargoes and anti-terrorism laws). “Protected Party” means, without duplication, the Agent, the Collateral Agent, the Depository, each Creditor, each Support Party and any participant, successor or permitted assign of any thereof. “Purchase Price” means, with respect to any Railcar, the aggregate purchase price payable by the Borrower under the applicable Sale Agreement for such Railcar, as such purchase price is certified in the applicable Request. “Railcar” means a covered xxxxxx car, tank car, boxcar, flat car or other railcar or unit of railroad rolling stock (other than a locomotive), including (i) any and all Parts relating thereto and (ii) any Replacement Railcars and any and all Parts relating thereto, together with any and all accessions, additions, improvements and replacements from time to time incorporated or installed in any item thereof and together with all options, warranties, service contracts, program services, test rights, maintenance rights, support rights, improvement rights and indemnifications relating to any of the foregoing. “Railcar Documentation” means with respect to each Railcar, (i) the documents (including microfilm), data, manuals, diagrams and other written information originally furnished by the

Prohibited Nations Acts means: (i) The Trading with the Enemy Act of 1917, 50 U.S.C.A. app. §1 et seq., of the United States of America, (ii) the International Emergency Economic Powers Act, 50 U.S.C.A. §1701 et seq., of the United States of America, (iii) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (“USA PATRIOT Act”), Pub. L. No. 107-56, 000 Xxxx. 000, xx xxx Xxxxxx Xxxxxx of America and (iv) any similar acts, executive orders or similar governmental actions of the United States of America or Jamaica, in each case including regulations issued thereunder and as amended or supplemented from time to time.

Prohibited Nations Acts means (a) The Trading with the Enemy Act of 1917, 50 U.S.C.A. app. §1 et seq., of the United States of America, (b) the International Emergency Economic Powers Act, 50 U.S.C.A. §1701 et seq., of the United States of America, (c) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (“USA PATRIOT Act”), Pub. L. No. 107-56, 115 Stat. 272, of the

Prohibited Nations Acts means The Trading with the Enemy Act, the International Emergency Economic Powers Act, the USA Patriot Act, the Xxxxx-Xxxxxx Act, related laws and regulations issued by the U.S. Office of Foreign Assets Control, and any similar acts or governmental actions of the United States or Perú to the extent applicable.

Prohibited Nations Acts definition

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