[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR575.326]

[Page 810]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 575--IRAQI SANCTIONS REGULATIONS--Table of Contents
 
                     Subpart C--General Definitions
 
Sec. 575.326  Executory contract.

    The term executory contract means a contract which cannot be 
performed according to its terms until a stated condition has been 
fulfilled, such as a contract which requires the approval of a 
regulatory body before the contracting parties may begin performance.

[61 FR 36628, July 12, 1996]