Common use of Designated Entities Clause in Contracts

Designated Entities. 16.1 For the purposes of this clause, “Sanctioned Activity” means any activity, service, carriage or trade subject to sanctions imposed by a Sanctioning Authority; “Sanctioning Authority” means the United Nations, European Union, United Kingdom, United States of America or any other applicable competent authority or government; “Sanctioned Party” means any persons, entities, bodies designated by a Sanctioning Authority.