Common use of Anti-corruption law Clause in Contracts

Anti-corruption law. (a) NOT directly or indirectly use the proceeds of the Facility(ies) for any purpose which would breach the Corrupt Practices Laws. (b) Not use any proceeds of crime to pay of the outstanding Facility(ies); (c) Conduct its businesses in compliance with applicable Corrupt Practices Laws; and (d) Maintain policies and procedures designed to promote and achieve compliance with such laws.

Appears in 5 contracts

Samples: Loan Agreement, BNPL Loan Facility Agreement, BNPL Loan Facility Agreement

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Anti-corruption law. (a) NOT directly or indirectly use the proceeds of the Short-Term Facility(ies) for any purpose which would breach the Corrupt Practices Laws. (b) Not use any proceeds of crime to pay of the outstanding Short-Term Facility(ies); (c) Conduct its businesses in compliance with applicable Corrupt Practices Laws; and (d) Maintain policies and procedures designed to promote and achieve compliance with such laws.

Appears in 1 contract

Samples: Short Term Loan Agreement

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