Sanctions Law definition

Sanctions Law means any laws or regulations pertaining to international trade and financing, imports, exports, reexports, embargos or any other provision or receipt of goods and services, including without limitation, the various sanctions programs administered by OFAC or the U.S. Department of State.

Sanctions Law means all Legal Requirements concerning economic sanctions, including embargoes, export restrictions, the ability to make or receive international payments, the freezing or blocking of assets of targeted Persons, the ability to engage in transactions with specified persons or countries, or the ability to take an ownership interest in assets of specified Persons or located in a specified country, including any Laws threatening to impose economic sanctions on any person for engaging in proscribed behavior.

Sanctions Law means all applicable Laws concerning economic sanctions, including embargoes, export restrictions, the ability to make or receive international payments, the freezing or blocking of assets of targeted Persons, the ability to engage in transactions with specified persons or countries, or the ability to take an ownership interest in assets of specified Persons or located in a specified country, including any Laws threatening to impose economic sanctions on any person for engaging in proscribed behavior.

Examples of Sanctions Law in a sentence

• The Buyer (a) is not a Sanctioned Person, (b) has not, in the past five (5) years engaged in, has any plan or commitment to engage in, direct or indirect dealings with any Sanctioned Person or in any Sanctioned Country, or (c) has in the past five (5) years violated, or engaged in any conduct sanctionable under, any Sanctions Law, nor been the subject of an investigation or allegation of such a violation or sanctionable conduct.

• You hereby acknowledge and agree that we are not obliged to provide any Service or continue to provide any Service if we reasonably believe this would result in a failure to comply with any Applicable Law, Sanctions Law or the Network Rules.

• Careful consideration and judgement by the NDIA is required, and if appropriate the NDIA may request supporting evidence on which to form the belief required.

• Buyer represents and warrants that Buyer: (i) is and shall remain in compliance with all laws administered by the United States Office of Foreign Assets Control or any other applicable governmental entity imposing economic sanctions and trade embargoes ("Economic Sanctions Laws") against designated countries, entities and persons (collectively, "Embargoed Targets"); (ii) is not an Embargoed Target or otherwise subject to any Economic Sanctions Law; and (iii) shall comply with all Economic Sanctions Laws.

• In 1990, the Provisional National Defence Council (PNDC) passed the Narcotics Drugs Control, Enforcement and Sanctions Law (PNDCL 236).

More Definitions of Sanctions Law

Sanctions Law means any sanctions directive or order administered or enforced from time to time by Malaysia, the United States (in particular sanctions administered through US’. Department of Treasury’s Office of Foreign Assets Control (“OFAC”)), the United Nations Security Council, the European Union or other authorities against any individuals or entities which are located, organized or resident in a designated country or territory;

Sanctions Law has the meaning given to it in paragraph 7 of Schedule 14;

Sanctions Law has the meaning given to it in paragraph 10.5 of Schedule 13;

Sanctions Law means any economic or financial sanctions or export controls administered by OFAC, the U.S. State Department, or any other governmental agency of the U.S. government, the United Nations, the European Union or any member state thereof, the United Kingdom or any other Governmental Entity having jurisdiction over the Company or its Subsidiaries.

Sanctions Law means any Applicable Law of the US, UK, EU, any EU member state, the United Nations, Canada, Mexico, or Peru applicable to the Parties relating to trade sanctions, embargoes, foreign trade controls or restrictions, export controls, non-proliferation, anti-terrorism, or any similar subject matter.

Sanctions Law means any sanctions directive or order administered or enforced by Malaysia, the United States of America, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union, or other relevant regulatory authorities against any individuals or entities which are located, organized or resident in a designated country or territory (including, without limitation, currently, Myanmar, Cuba, Iran, Libya, North Korea, Sudan and Syria).“Stored Value”means any amount remaining in MAE that is available for Transactions using MAE;“Stored Value Currency”means currency in Ringgit Malaysia;“TAC”means Transaction Authorization Code used to approve transaction;“Top-Up”means the adding of monetary value to MAE;“Transaction”means all the transactions debited from MAE including those for the purchase of goods and obtaining of services or bill payment or purchases and payments to merchants;“Wallet” or “MAE”means the electronic money facility of the Wallet Holder opened with us;“Wallet Holder” or “you”means the person to whom MAE is issued and registered under a full name and identification number (either MyKad or Passport) as the authorized user to use MAE.

Sanctions Law means any sanctions directive or order administered or enforced by Malaysia, the United States of America, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union, or other relevant regulatory authorities against any individuals or entities which are located, organized or resident in a designated country or territory (including, without limitation, currently, Myanmar, Cuba, Iran, Libya, North Korea, Sudan and Syria).