Common use of FRAUD AND CORRUPT PRACTICES Clause in Contracts

FRAUD AND CORRUPT PRACTICES. 15.1 The Lessee and its respective officers, employees, Directors, representatives, contractors, agents and advisers shall observe the highest standard of ethics during the entire Term. Notwithstanding anything to the contrary contained herein or in the Letter of Award or the RFP Documents, the Lessor may, at any time, withdraw the Letter of Award and terminate this Lease Deed, without being liable in any manner whatsoever to the Lessee, if the Lessor determines that the Lessee has, directly or indirectly, or through any Person, engaged in any Corrupt Practice, Fraudulent Practice, Coercive Practice, Undesirable Practice and/or Restrictive Practice in the bidding process under the RFP, the issuance of the Letter of Award or the execution of this Xxxxx Xxxx. If the Lessor determines that the Lessee or any of its respective officers, employees, Directors, representatives, contractors, agents and advisers, as the case may be, has, directly or indirectly, or through any of other Person, engaged in any Corrupt Practice, Fraudulent Practice, Coercive Practice, Undesirable Practice and/or Restrictive Practice in the bidding process under the RFP, in the issuance of the Letter of Award or the execution of this Lease Deed, then the Lessor shall be entitled to forfeit and appropriate the Premium and the Performance Guarantee (if applicable at such time), as damages, and forthwith terminate this Lease Deed, without prejudice to any other right or remedy that may be available to it under the RFP Documents and this Lease Deed or under Applicable Law or otherwise.

Appears in 2 contracts

Samples: indiatradefair.com, indiatradefair.com

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FRAUD AND CORRUPT PRACTICES. 15.1 12.1 The Lessee Licencee and its Shareholders and their respective officers, employees, Directors, representatives, contractors, agents and advisers shall observe the highest standard of ethics during the entire Termterm of the Licence Period. Notwithstanding anything to the contrary contained herein or in the Letter of Award or the RFP DocumentsTender Document, the Lessor Licensor may, at any time, withdraw the Letter of Award and terminate this Lease DeedAgreement and other Definitive Documents, without being liable in any manner whatsoever to the LesseeLicencee, if the Lessor Licensor determines that the Lessee Licencee or any of its Shareholders has, directly or indirectly, or through any Person, engaged in any Corrupt Practice, Fraudulent Practice, Coercive Practice, Undesirable Practice and/or Restrictive Practice in the bidding process under the RFPBidding Process, the issuance of the Letter of Award or the execution of this Xxxxx Xxxxthe Definitive Agreements. If the Lessor Licensor determines that the Lessee Licencee or any of its Shareholders or any of their respective officers, employees, Directors, representatives, contractors, agents and advisers, as the case may be, has, directly or indirectly, or through any of other Person, engaged in any Corrupt Practice, Fraudulent Practice, Coercive Practice, Undesirable Practice and/or Restrictive Practice in the bidding process under the RFPBidding Process, in the issuance of the Letter of Award or the execution of this Lease Deedthe Definitive Agreements, then the Lessor Licensor shall be entitled to forfeit and appropriate the Premium Upfront Fee and the Performance Guarantee (if applicable at such time)Security, as damages, and forthwith terminate this Lease DeedAgreement, without prejudice to any other right or remedy that may be available to it under the RFP Tender Document or the Definitive Documents and this Lease Deed or under Applicable Law or otherwise.

Appears in 2 contracts

Samples: Leave and Licence Agreement, Leave and Licence Agreement

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FRAUD AND CORRUPT PRACTICES. 15.1 The Lessee and its respective officers, employees, Directors, representatives, contractors, agents and advisers shall observe the highest standard of ethics during the entire Term. Notwithstanding anything to the contrary contained herein or in the Letter of Award or the RFP Documents, the Lessor may, at any time, withdraw the Letter of Award and terminate this Lease Deed, without being liable in any manner whatsoever to the Lessee, if the Lessor determines that the Lessee has, directly or indirectly, or through any Person, engaged in any Corrupt Practice, Fraudulent Practice, Coercive Practice, Undesirable Practice and/or Restrictive Practice in the bidding process under the RFP, the issuance of the Letter of Award or the execution of this Xxxxx XxxxLease Deed. If the Lessor determines that the Lessee or any of its respective officers, employees, Directors, representatives, contractors, agents and advisers, as the case may be, has, directly or indirectly, or through any of other Person, engaged in any Corrupt Practice, Fraudulent Practice, Coercive Practice, Undesirable Practice and/or Restrictive Practice in the bidding process under the RFP, in the issuance of the Letter of Award or the execution of this Lease Deed, then the Lessor shall be entitled to forfeit and appropriate the Premium and the Performance Guarantee (if applicable at such time), as damages, and forthwith terminate this Lease Deed, without prejudice to any other right or remedy that may be available to it under the RFP Documents and this Lease Deed or under Applicable Law or otherwise.

Appears in 1 contract

Samples: indiatradefair.com

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