Define: Sanctioned Person
What does "Sanctioned Person" mean? The meaning differs based on the contract. We found 10 definitions across 12 companies in SEC filings.
Definition 1 (EXELON CORP, seen in 2 filings)
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, the U.S. Department of State, 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, (b) any Person operating, organized or resident in a Sanctioned Country, (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b), or (d) any Person otherwise the subject of any Sanctions.
Source: EXELON CORP 10-K
Definition 2 (Air Products & Chemicals, Inc., seen in 1 filing)
Sanctioned Person means at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC or the U.S. Department of State, or by the United Nations Security Council or the European Union or His Majesty s Treasury of the United Kingdom, (b) any Person located, organized or resident in, or any Governmental Authority or governmental instrumentality of, a Sanctioned Country or (c) any Person owned 50% or more or controlled by any such Person or Persons described in the foregoing clauses (a) and (b), in each case, to the extent dealings are prohibited or restricted with such Person under Sanctions.
Source: Air Products & Chemicals, Inc. 10-Q
Definition 3 (AMERICAN INTERNATIONAL GROUP, INC., seen in 1 filing)
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, the U.S. Department of State, or by the United Nations Security Council, His Majesty s Treasury of the United Kingdom, the European Union or the Hong Kong Monetary Authority, (b) any Person located, organized or resident in, or the government of, a Sanctioned Country or the Government of Venezuela or (c) any Person owned or controlled by any such Person described in clause (a) or (b).
Source: AMERICAN INTERNATIONAL GROUP, INC. 10-Q
Definition 4 (DELTA AIR LINES, INC., seen in 1 filing)
Sanctioned Person means at any time, (a) a Person which is subject or target of any Sanctions or (b) any Person owned or controlled by any such Person or Persons.
Source: DELTA AIR LINES, INC. 10-K
Definition 5 (CVS HEALTH Corp, seen in 1 filing)
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, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person controlled by any such Person.
Source: CVS HEALTH Corp 10-Q
Definition 6 (AMGEN INC, seen in 1 filing)
Sanctioned Person means a Person whose name appears on the list of Specially Designated Nationals and Blocked Persons published by the Office of Foreign Assets Control of the U.S. Department of Treasury (OFAC), the Consolidated List of Financial Sanctions Targets in the UK maintained by Her Majesty’s Treasury or the Consolidated List of Persons, Groups and Entities Subject to EU Financial Sanctions maintained by the European Union.
Source: AMGEN INC 10-K
Definition 7 (ALLSTATE CORP, seen in 1 filing)
Sanctioned Person means at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, any EU member state, His Majesty's Treasury of the United Kingdom or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned Country, (c) any Person more than 50% owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b), or (d) any Person otherwise the subject of any Sanctions.
Source: ALLSTATE CORP 10-K
Definition 8 (DTE ENERGY CO, seen in 1 filing)
Sanctioned Person means (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, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).
Source: DTE ENERGY CO 8-K
Definition 9 (COGNIZANT TECHNOLOGY SOLUTIONS CORP, seen in 1 filing)
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, Her Majesty's Treasury of the United Kingdom, Canada or other relevant sanctions authority, (b) any Person located, operating, organized or resident in a Sanctioned Country, (c) any Person owned or controlled by any such Person or Persons listed in clauses (a), (b) or (d) or (d) any Person that is the subject or target of any Sanctions.
Source: COGNIZANT TECHNOLOGY SOLUTIONS CORP 10-K
Definition 10 (CATERPILLAR INC, seen in 1 filing)
Sanctioned Person means at any time, (a) any Person listed in any Sanctions Laws and Regulations-related list of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, or an applicable Governmental Authority in Ireland, the European Union, any European Union member state, the United Kingdom, Australia, Japan, or Hong Kong, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b), including, without limitation, any Person in which one or more SDNs have 50% or greater ownership interest.
Source: CATERPILLAR INC 8-K
Data extracted from 20 SEC EDGAR filings across 12 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.