ANTI-CORRUPTION UNDERTAKING Sample Clauses

ANTI-CORRUPTION UNDERTAKING. Both parties shall comply with, and will not cause any party and its Affiliates, associates, directors, officers, shareholders, employees, representatives, sublicensees or agents worldwide to be in violation with any applicable anti-corruption laws, rules and regulations including but not limited to the United States Foreign Corrupt Practices Act (the “FCPA”) or U.K. B▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇. Without limiting the foregoing, neither party will, directly or indirectly, pay any money to, or offer or give anything of value to, any Government Official, in order to obtain or retain business or to secure any commercial or financial advantage for the other party or for itself or any of their respective Affiliates. Each of the parties undertakes not to bribe Government Officials or any private companies or individuals, “bribes” having the following definition: Offering, promising, or giving a financial or other advantage to another person where it is intended to bring about the improper performance of a relevant function or activity, or to reward such improper performance; acceptance of the advantage offered, promised or given in itself constitutes improper performance of a relevant function or activity. “

ANTI-CORRUPTION UNDERTAKING. 5.1. In the course of fulfillingment of their obligations hereunder, the Parties undertake not to pay, offer to pay, or allow payment of any money or valuables, directly or indirectly, to any person to influence their actions or decisions in order to receive any undue advantage or for other illegal purposes. 5.2. During the performance of their obligations hereunder, the Parties shall not engage in acts qualified defined by the applicable legislation as bribery or corrupt payment, as well as actions that violate regulations provisions of the applicable legislation, including international ones, on counteractingon to the legalization (laundering) of proceeds of crime. 5.3. In case the event that a Party believes that a violation of anticorruption provisions has or might have taken place, the Party shall inform the other Party about it in writing. After Upon delivery of a written notification, the corresponding Party shall have the right to suspend its obligations hereunder until it receives a confirmation that no such violation has taken or will take place. Such confirmation shall be sent within ten business days from the date of receipt by the corresponding Party of a written notification of suspension of its obligations hereunder. 5.4. A written notification should refer to facts or include materials that confirm or give grounds to believe that a violation of the aforementioned provisions has or might have been committed by the contractor, and has or might have taken the form of actions that are qualified by the applicable legislation as bribery/receiving a bribe or trading in influence, as well as actions that violate the provisions of the applicable legislation, including international ones, on counteractingcounteraction to the legalization (laundering) of proceeds of crime. 5.5. If any either of the Parties takes any actions prohibited by anticorruption provisions and/or if the other Party does not receive any confirmation that no such violation has taken or will take place within the term established by this Agreement, the other Party shall have the right to terminate this Agreement unilaterally by sending to the other Party a termination notice specifying the date of such termination.

ANTI-CORRUPTION UNDERTAKING. Each party to this agreement shall be bound by the Anti-Corruption Undertakings attached as Annexure A hereto, in so far as such undertakings are applicable to the terms of this Agreement. For AIRPORTS COMPANY SOUTH AFRICA SOC LIMITED Signature: who warrants that he / she is duly authorised thereto Name: Capacity: Authority: Date: Place: Witness: Witness: THUS DONE AND SIGNED at on this the day of 20[●]. For [⚫] Signature: who warrants that he / she is duly authorised thereto Name: Capacity: Authority: Date: Place: Witness: Witness: THUS DONE AND SIGNED at on this the day of 20[⚫]. Resolved that: 1. the terms and conditions of the advertising concession agreement entered into on or about [⚫] between Airports Company South Africa SOC Limited, registration number 1993/004149/30) ("the Airports Company") and [⚫], registration number [⚫] ("the Concessionaire"), a copy of which was tabled at the directors meeting ("Advertising Concession Agreement"), be and are hereby approved, and resolved further that the Concessionaire enter into the Advertising Concession Agreement; 2. [⚫] or, failing him/her, [⚫] , be and is hereby authorised to sign all documents and perform all acts on behalf of the Concessionaire that may be required in respect of the execution by the Concessionaire of the Advertising Concession Agreement and that all acts already taken in this regard by either of the aforementioned be and are hereby confirmed and ratified; and 3. the board of directors of the Concessionaire confirm and accept that the Concessionaire is bound by all of the terms and conditions of the Advertising Concession Agreement. We are the duly appointed auditors of [⚫] (Registration Number: [⚫]) ("the Concessionaire") and have read the agreement with Airports Company South Africa Limited dated [⚫] (hereinafter referred to as "the agreement"). We have audited the accounts of the Concessionaire for its business at [⚫] for the period [⚫] to [⚫] inclusive, in relation to transactions covered by the agreement. We have performed: (i) an examination of the system of internal control; (ii) tests of compliance with those systems; and (iii) substantive tests of certain transactions and balances. In our opinion the attached statement shows accurately the revenue (as defined in the agreement) of transactions covered by the agreement, the amount(s) due to Airports Company South Africa Limited under the terms of the agreement and any adjustments thereto. We acknowledge that we, in performing th...