Sanctioned Obligor definition

Sanctioned Obligor means an Obligor which (i) if a natural person, is either (A) a resident of a Sanctioned Country or (B) a Sanctioned Person or (ii) if a corporation or other business organization, is organized under the laws of a Sanctioned Country or any political subdivision thereof.
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Sanctioned Obligor means an Obligor which (i) if a natural person, is either (A) organized in or maintains its principal place of business in a Sanctioned Country or (B) a Sanctioned Person or (ii) if a corporation or other business organization, is organized under the laws of a Sanctioned Country or any political subdivision thereof.
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Sanctioned Obligor means an Obligor that is (a) currently the subject of any Sanctions or (b) located, organized or resident in a Designated Jurisdiction.
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Examples of Sanctioned Obligor in a sentence

  • Clause (p) of the definition of “Eligible Receivable” set forth in Exhibit I to the Receivables Purchase Agreement is hereby replaced in its entirety with the following: (p) the Obligor of which is not a Sanctioned Obligor.


More Definitions of Sanctioned Obligor

Sanctioned Obligor means an Obligor which (i) if a natural person, is either (A) a resident of a Sanctioned Country or
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Sanctioned Obligor means an Obligor which (i) if a natural person, is either (A) a resident of a Sanctioned Country or (B) a Sanctioned Person or (ii) if a corporation or other business organization, is organized under the laws of a Sanctioned Country or any political subdivision thereof.“Sanctioned Person” Person” means (i) A person named on the list of “Specially Designated Nationals” or “Blocked Persons” maintained by OFAC available at: xxxx://xxx.xxxxxxxx.xxx/resource-center/sanctions/SDN- List/Pages/default.aspx, or as otherwise published from time to time or, (ii) (A) an agency of the government of a Sanctioned Country, (B) an organization controlled by a Sanctioned Country, or (C) a person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC, or (iii) any individual person, group, regime, entity or thing listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person, group, regime, entity or thing, or subject to any limitations or prohibitions (including but not limited to the blocking of property or rejection of transactions), under any Anti-Terrorism Law.
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Related to Sanctioned Obligor

  • Sanctioned Person means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or by the United Nations Security Council, the European Union or any EU member state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person controlled by any such Person.

  • Sanctioned Country means, at any time, a country, region or territory which is itself the subject or target of any Sanctions.

  • Sanctioned Jurisdiction means, at any time, a country or territory which is the subject or target of any Sanction.

  • Sanctioned Countries shall have the meaning set forth in Section 4.30.

  • Group D Obligor means any Obligor that is not a Group A Obligor, Group B Obligor or Group C Obligor.

  • Excluded Obligor means an Obligor so designated in writing as such by the Agent or the Majority Purchasers in a notice to the Seller in good faith and in the Agent’s or the Majority Purchasers’ reasonable judgment relating to credit considerations from time to time, it being understood that from time to time such designation may be revoked by written notice to the Seller.

  • U.S. Obligor means an Obligor that is a corporation or other business organization and is organized under the laws of the United States of America (or of a United States of America territory, district, state, commonwealth, or possession, including, without limitation, Puerto Rico and the U.S. Virgin Islands) or any political subdivision thereof.

  • Supervised financial organization means a person, other than an insurance company or other organization primarily engaged in an insurance business:

  • relevant person means, in relation to premises in respect of which there is in force a premises licence -