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 has the meaning assigned to such term in the definition ofSignificant Investment.”

Examples of Subject Person in a sentence

  • The steps taken by the Subject Person upon learning of the apparent violation.

  • OFAC may order the Subject Person to cease and desist from conduct that is prohibited by any of the sanctions programs enforced by OFAC when OFAC has reason to believe that a Subject Person has engaged in such conduct and/or that such conduct is ongoing or may recur.

  • OFAC will afford the Subject Person an opportunity to respond to OFAC’s determination that a violation has occurred before a final penalty is imposed.

  • Where appropriate, OFAC will publicly note substantial cooperation provided by a Subject Person.

  • Where settlement discussions occur prior to the issuance of a Pre-Penalty No- tice, the Subject Person may request in writ- ing that OFAC withhold issuance of a Pre- Penalty Notice pending the conclusion of settlement discussions.


More Definitions of Subject Person

Subject Person has the meaning specified in the definition ofChange of Control”.
Subject Person means an individual or entity subject to any of the sanctions pro- grams administered or enforced by OFAC.
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 has the meaning ascribed to such term in the definition of "Subsidiary".
Subject Person means any: (i) Foreign Official; (ii) political party; (iii) official of a political party; or (iv) candidate for political office.