Corrupt Practices Laws Clause Samples
The Corrupt Practices Laws clause establishes that all parties to an agreement must comply with laws prohibiting bribery, corruption, and other unethical business conduct. Typically, this clause requires parties to avoid offering or accepting improper payments or gifts, and may reference specific legislation such as the U.S. Foreign Corrupt Practices Act or the UK Bribery Act. Its core function is to ensure legal and ethical compliance in business dealings, thereby reducing the risk of legal penalties and reputational harm associated with corrupt activities.
Corrupt Practices Laws. (i) Each Project Entity, the Sponsor and each of its Affiliates, and each of their respective Principal Persons, employees and agents have complied with all applicable Corrupt Practices Laws in obtaining any consents, licenses, approvals, authorizations, rights, or privileges with respect to the Project.
(ii) Each Project Entity, the Sponsor and each of its Affiliates, and each of their respective Principal Persons, employees and agents are conducting the Project and the Project Company’s business in compliance with all applicable Corrupt Practices Laws.
(iii) The internal management and accounting practices and controls of each Project Entity, the Sponsor and each of its Affiliates, are adequate to ensure compliance with all Corrupt Practices Laws.
Corrupt Practices Laws. (i) All Borrower Entities and their respective officers, directors, employees and agents acting in such capacities shall comply with all applicable Corrupt Practices Laws.
(ii) The internal management and accounting practices and controls of all Borrower Entities shall be designed and maintained to provide reasonable assurance of compliance with all Corrupt Practices Laws, the Patriot Act, the Anti-Terrorism Order and the rules and regulations of OFAC. The disclosure controls and procedures of all Borrower Entities shall be designed and maintained to provide reasonable assurance that material information regarding each Borrower Entity's compliance with laws (including Corrupt Practices Laws, the Patriot Act, the Anti-Terrorism Order and the rules and regulations of OFAC) is made known to Senior Management Persons of the Borrower.
(iii) If any Borrower Entity or its officers, directors, employees or agents acting in such capacities fails to comply with the requirements of clause (i) of this Section 6.11(i), the Borrower shall, within thirty (30) days of obtaining Knowledge that such Person has so failed to comply, engage and continue to engage in good faith discussions with DOE regarding (A) the removal or replacement of such Person or, (B) if such removal or replacement is not reasonably feasible, the implementation of other mitigation measures.
Corrupt Practices Laws. The Foreign Corrupt Practices Act of 1977 (15 U.S.C. §§ 78dd-1, et seq.), as amended, and (ii) any other law, regulation, order, decree, or directive having the force of law in any applicable jurisdiction and relating to bribery, kick-backs, or similar business practices.
Corrupt Practices Laws. Without limiting any other provision of this Section 9, the internal management and accounting practices and controls of the Borrower are adequate to ensure compliance with, and the Borrower (and its officers, directors, employees, agents or Subsidiaries) are otherwise in full compliance with, Corrupt Practices Laws.
Corrupt Practices Laws. The Company, Cyprus Amax, and Cyprus Magadan shall each comply with all applicable Corrupt Practices Laws. "
Corrupt Practices Laws. (a) The Borrower, Holdings, the Sponsor, and their respective officers, directors, employees and agents have complied with all applicable Corrupt Practices Laws in obtaining any consents, licenses, approvals, authorizations, rights, or privileges with respect to the Project; (b) the Borrower, its officers directors, employees and agents are otherwise conducting the Project and the Borrower’s business in compliance with all applicable Corrupt Practices Laws; and (c) the internal management and accounting practices and controls of the Borrower, Holdings and the Sponsor are adequate to ensure compliance with all Corrupt Practices Laws.
Corrupt Practices Laws. (i) Each Borrower Party, and their respective Principal Persons, employees and agents have complied with all applicable Corrupt Practices Laws in obtaining any consents, licenses, approvals, authorizations, rights, or privileges with respect to the Projects.
(ii) Each Borrower Party, and their respective Principal Persons, employees and agents are otherwise conducting the Projects and each Project Company’s business in compliance with all applicable Corrupt Practices Laws.
(iii) The internal management and accounting practices and controls of each Borrower Party is adequate to ensure compliance with all Corrupt Practices Laws.
Corrupt Practices Laws. (a) The Sponsor and its respective officers, directors, employees and agents have complied in all material respects with all applicable Corrupt Practices Laws in obtaining any consents, licenses, approvals, authorizations, rights, or privileges with respect to the Project;
(b) the Sponsor, its officers directors, employees and agents are otherwise conducting the Project and the Sponsor’s business in compliance in all material respects with all applicable Corrupt Practices Laws; and
(c) the internal management and accounting practices and controls of the Sponsor and the Sponsor are adequate to ensure compliance in all material respects with all Corrupt Practices Laws.
Corrupt Practices Laws. Each Seller and its respective directors, officers, members, agents and representatives have complied with all applicable Corrupt Practices Laws in obtaining any consents, licenses, approvals, authorizations, rights or privileges with respect to the Transferred Properties. No Seller nor any of their respective directors, officers, members, agents or representatives have taken any action in furtherance of an offer, payment, promise to pay, or authorization or approval of the payment or giving of money, property, gifts or anything else of value, directly or indirectly, to any “government official” (including any officer or employee of a Government Authority, or any political party or party official or candidate for political office) to influence official action or secure an improper advantage.
Corrupt Practices Laws. (a) The Borrower, Holdco, the Sponsor, the Investor and their respective officers, directors, employees and agents shall comply with all applicable Corrupt Practices Laws in obtaining any consents, licenses, approvals, authorizations, rights, or privileges with respect to the Project; (b) the Borrower, its officers directors, employees and agents shall otherwise conduct the Project and the Borrower's business in compliance with all applicable Corrupt Practices Laws; and (c) the internal management and accounting practices and controls of the Borrower, Holdco, the Sponsor and the Investor shall at all times be adequate to ensure compliance with all Corrupt Practices Laws.