Subject Person definition

Subject Person has the meaning assigned to such term in the definition ofConsolidated Net Income”.
Subject Person means a controlling person, subsidiary or affiliate of a licensee, a director, officer, manager, or employee of a licensee or of a controlling person, subsidiary or affiliate of a licensee, or any other person that participates in the conduct of the business of a licensee.
Subject Person means an individual or entity subject to any of the sanctions pro- grams administered or enforced by OFAC.

Examples of Subject Person in a sentence

  • Client acknowledges that, by providing the Services to Client, VANTAGE POINT SERVICES makes no representation or assertion of any illegal action by any Subject Person.

  • In an egregious case, if the apparent violation is disclosed through a voluntary self-disclosure by a Subject Person, the base amount of the proposed civil penalty in the Pre-Penalty Notice shall be one-half of the applicable statutory maximum penalty ap- plicable to the violation.

  • A Subject Person may submit a written response to the Pre-Penalty Notice in accordance with the procedures set forth in the particular regula- tions governing the conduct giving rise to the apparent violation.

  • In the event that OFAC determines upon further review that no penalty is appro- priate, it will so inform the Subject Person in a no-action letter, a cautionary letter, or a Finding of Violation.

  • In those cases in which OFAC is aware that the Subject Person has knowledge of OFAC’s investiga- tion, OFAC generally will issue a letter to the Subject Person indicating that the inves- tigation is being closed with no administra- tive action being taken.


More Definitions of Subject Person

Subject Person has the meaning assigned to such term in the definition ofSignificant Investment.”
Subject Person has the meaning set forth in Section 20(i).
Subject Person has the meaning set forth in Section II(14)(a) above.
Subject Person means any legal or natural person carrying out either relevant financial business or relevant activity;
Subject Person means any: (i) Foreign Official; (ii) political party; (iii) official of a political party; or (iv) candidate for political office.
Subject Person has the meaning ascribed to such term in the definition of "Subsidiary".