Current Business Practices Clause Samples

Current Business Practices. Except as would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on Parent, neither Parent nor any of its subsidiaries nor, to the knowledge of Parent, any of their respective directors, officers, agents, employees or representatives (in their capacities as such) has: (i) used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses relating to political activity; (ii) directly or indirectly paid or delivered any fee, commission or other sum of money or item of property, however characterized, to any finder, agent or other party acting on behalf of or under the auspices of a governmental official or Governmental Entity, in the United States or any other country, which is in any manner related to the business or operations of Parent or any of its subsidiaries, that was illegal under any federal, state or local laws of the United States or any other country having jurisdiction; (iii) made any payment to any customer or supplier of Parent or any of its subsidiaries, or to any officer, director, partner, employee or agent of any such customer or supplier, for the unlawful sharing of fees to any such customer or supplier or any such officer, director, partner, employee or agent for the unlawful rebating of charges; (iv) engaged in any other unlawful reciprocal practice, or made any other unlawful payment or given any other unlawful consideration to any such customer or supplier or any such officer, director, partner, employee or agent, in respect of the business of Parent and its subsidiaries; or (v) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended.

Current Business Practices. Except as would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the Target Companies, neither of the Target Companies nor any of their respective subsidiaries nor, to the knowledge of the Target Companies, any of their respective directors, officers, agents, employees or representatives (in their capacities as such) has: (i) used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses relating to political activity; (ii) directly or indirectly paid or delivered any fee, commission or other sum of money or item of property, however characterized, to any finder, agent or other party acting on behalf of or under the auspices of a governmental official or Governmental Entity, in the United States or any other country, which is in any manner related to the business or operations of the Target Companies or any of their respective subsidiaries, that was illegal under any federal, state or local laws of the United States or any other country having jurisdiction; (iii) made any payment to any customer or supplier of the Target Companies or any of their respective subsidiaries, or to any officer, director, partner, employee or agent of any such customer or supplier, for the unlawful sharing of fees to any such customer or supplier or any such officer, director, partner, employee or agent for the unlawful rebating of charges; (iv) engaged in any other unlawful reciprocal practice, or made any other unlawful payment or given any other unlawful consideration to any such customer or supplier or any such officer, director, partner, employee or agent, in respect of the business of the Target Companies or any of their respective subsidiaries; or (v) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended.

Current Business Practices. Neither DAYTONA BRANDS nor, to the knowledge of DAYTONA BRANDS, any of its directors, officers, agents, employees or representatives in their capacities as such has: (i) used any funds for unlawful contributions, unlawful gifts, unlawful entertainment or other unlawful expenses relating to political activity; (ii) directly or indirectly paid or delivered any fee, commission or other sum of money or item of property, however characterized, to any finder, agent or other party acting on behalf of or under the auspices of a governmental official or Governmental Authority, in the United States or any other country, which is in any manner related to DAYTONA BRANDS’s business that was illegal under any federal, state or local laws of the United States or any other country having jurisdiction; (iii) made any payment to any customer or subcontractor of DAYTONA BRANDS’s Business or to any officer, director, partner, employee or agent of any such customer or subcontractor, for the unlawful influence of any such customer or subcontractor or any such officer, director, partner, employee or agent; (iv) engaged in any other unlawful reciprocal practice, or made any other unlawful payment or given any other unlawful consideration to any such customer or subcontractor any such officer, director, partner, employee or agent, in respect of DAYTONA BRANDS’s Business; or (v) violated any federal, state or local campaign finance, election or similar laws.

Current Business Practices. Neither Recall nor, to the knowledge of Recall, any of its directors, officers, agents, employees or representatives in their capacities as such has: (i) used any funds for unlawful contributions, unlawful gifts, unlawful entertainment or other unlawful expenses relating to political activity; (ii) directly or indirectly paid or delivered any fee, commission or other sum of money or item of property, however characterized, to any finder, agent or other party acting on behalf of or under the auspices of a governmental official or Governmental Authority, in the United States or any other country, which is in any manner related to Recall’s business that was illegal under any federal, state or local laws of the United States or any other country having jurisdiction; (iii) made any payment to any customer or subcontractor of Recall’s Business or to any officer, director, partner, employee or agent of any such customer or subcontractor, for the unlawful influence of any such customer or subcontractor or any such officer, director, partner, employee or agent; (iv) engaged in any other unlawful reciprocal practice, or made any other unlawful payment or given any other unlawful consideration to any such customer or subcontractor any such officer, director, partner, employee or agent, in respect of Recall’s Business; or (v) violated any federal, state or local campaign finance, election or similar laws.

Current Business Practices. None of the Loan Parties, nor, to the knowledge of the Loan Parties, any of their respective directors, officers, agents, employees or representatives in their capacities as such has knowingly (or unknowingly, in the case where such conduct is reasonably likely to have had a Material Adverse Effect): (i) used any funds for unlawful contributions, unlawful gifts, unlawful entertainment or other unlawful expenses relating to political activity; (ii) directly or indirectly paid or delivered any fee, commission or other sum of money or item of property, however characterized, to any finder, agent or other party acting on behalf of or under the auspices of a governmental official or Governmental Authority, in the US or any other country, which is in any manner related to the Business that was illegal under federal, state or local laws of the US or any other country having jurisdiction; (iii) made any payment to any customer or subcontractor of the Business or to any officer, director, partner, employee or agent of any such customer or subcontractor, for the unlawful influence of any such customer or subcontractor or any such officer, director, partner, employee or agent; (iv) engaged in any other unlawful reciprocal practice, or made any other unlawful payment or given any other unlawful consideration to any such customer or subcontractor or any such officer, director, partner, employee or agent, in respect of the Business; or (v) except as set forth on Schedule 4.1(Z), violated any federal, state or local campaign finance, election or similar laws.