Restricted object definition

Restricted object means a person or entity who is (1) listed on, owned or controlled by a person listed on, or acting on behalf of a person listed on, any Sanctions Lists; (2) located in, a permanent resident of, or incorporated under the laws of a country or territory that is the target of country-wide or territory-wide Sanctions; or (3) otherwise a target of Sanctions who is prohibited by law from engaging in trade, business, or other activities. "Sanctions" means any economic sanctions, laws, and/or regulations or restrictive measures formulated, administered, or enforced by the United States Treasury Department's Office of Foreign Assets Control (OFAC), the US Department of State, the United Nations Security Council, the European Union, and other competent governmental institutions and/or departments (collectively, the "Sanctions Authorities"). "Sanctions List" means the lists containing Restricted Parties that are released by any of the Sanctions Authorities, including but not limited to the Specially Designated Nationals and Blocked Persons List maintained by OFAC and the Consolidated List of Financial Sanctions Targets maintained by HM Treasury of the United Kingdom. 3 Anti-bribery violation Behaviors that violate anti-corruption laws and regulations, Code of Conduct for Partners, Business Partnership Commitment to Huawei, and other relevant provisions in agreements signed with Huawei Cloud, or bribes in any form to relevant personnel, including Huawei personnel, non-staff workers at Huawei, Huawei customers, and government personnel, when fulfilling contract obligations and providing services to customers, users, or third parties on behalf of Huawei Cloud. 4 Cyber security and privacy protection and commercial Behaviors that violate any applicable laws and regulations on cyber security, user privacy protection, commercial secret protection, and information confidentiality as well as regulations on cyber security, privacy protection, and commercial secret protection in No. Violation Scenario Description secret violation various agreements with Huawei Cloud, and cause major crises, complaints, losses, or risks to Huawei Cloud. 5 Major violation of introducing tenant services When a partner develops a customer, the partner has not conducted the qualification review and business compliance assessment and has not effectively fulfilled compliance responsibilities during business development. As a result, the customer developed by the partner may engage in non-compliant bu...

Related to Restricted object

  • Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Property means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

  • Effective Date has the meaning set forth in the preamble.

  • Company has the meaning set forth in the Preamble.