Sanctions definition

Sanctions means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom.

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Sanctions means any international economic sanction administered or enforced by the United States Government (including without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority.

Sanctions means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state or Her Majesty’s Treasury of the United Kingdom.

Examples of Sanctions in a sentence

No Borrowing, use of proceeds or other transaction contemplated by this Agreement will directly or, to the knowledge of Holdings, indirectly (i) fund, finance, or facilitate any activities, business or transaction of or with a Sanctioned Person, or in any Sanctioned Country, unless permitted under applicable Sanctions, or (ii) be used in any other manner that would result in a violation of anti-money laundering laws applicable to any party hereto, or applicable Sanctions or applicable Anti-Corruption Laws.
Holdings will maintain in effect and enforce policies and procedures reasonably designed to promote compliance by Holdings, its Restricted Subsidiaries and their respective directors, officers, employees and agents with applicable Sanctions, applicable Anti-Corruption Laws and applicable anti-money laundering laws, including the PATRIOT Act.
None of (a) Holdings, any Restricted Subsidiary or, any of their respective directors, officers or employees, or (b) to the knowledge of Holdings, any agent of Holdings or any Restricted Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is engaged in any transactions or dealings with a Sanctioned Person or in a Sanctioned Country, unless permitted under applicable Sanctions.
For the past five years, Holdings and its Subsidiaries have conducted their business in compliance in all material respects with applicable Anti-Corruption Laws, AML and Anti-Terrorism Laws, Sanctions and Trade Controls and have not engaged in any activity that could result in any Person, including but not limited to any party to this Agreement, becoming a Sanctioned Person.
None of the Borrower Entities or, to the Borrower’s Knowledge, their respective directors, officers, agents, representatives, affiliates or employees: (i) is, or is directly or indirectly owned or controlled by, a Prohibited Person; (ii) is in violation of any Sanctions, or is engaging in any conduct which could result in it becoming a Prohibited Person; or (iii) is engaged in any dealings, directly or indirectly, with a Prohibited Person in violation of applicable Sanctions or other Applicable Laws.

More Definitions of Sanctions

Sanctions means any sanction administered or enforced by the United States Government (including without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury (“HMT”) or other relevant sanctions authority.

Sanctions means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority.

Sanctions means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European Union member state or Her Majesty’s Treasury of the United Kingdom.

Sanctions means any trade, economic or financial sanctions, embargoes or restrictive measures or related laws or regulations enacted, imposed, administered or enforced from time to time by:

Sanctions means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government, including those administered by OFAC or the U.S. Department of State.

Sanctions means any economic or trade sanctions or restrictive measures enacted, administered, imposed or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the U.S. Department of State, the United Nations Security Council, the European Union or any EU member state, the French Republic, His Majesty’s Treasury and/or any other relevant sanctions authority.

Sanctions means economic sanctions administered or enforced by the United States Government (including without limitation, sanctions enforced by OFAC), the United Nations Security Council, the European Union or Her Majesty’s Treasury.