Illicit Payments. (a) Each Unitholder represents and warrants that it and its employees (i) are familiar with the provisions and requirements of the United States Foreign Corrupt Practices Act (“FCPA”), including the record keeping requirements thereof, and (ii) recognize that full compliance with the letter and spirit of the FCPA is the corporate policy of the Company. In all matters relating to this Agreement and all Projects, each Unitholder will conduct itself in full compliance with the FCPA and the anti-bribery laws of the U.S. or any other jurisdiction. Consequently, each Unitholder specifically agrees as follows: (i) In carrying out its responsibility under this Agreement, no Unitholder shall pay or agree to pay, directly or indirectly, any funds or anything of value to any public official for the purpose of influencing such official’s official acts or decisions. (ii) Each Unitholder shall immediately notify the other Unitholders of any request that such Unitholder receives to take any action that might constitute a violation of the FCPA, or the anti-bribery laws of the U.S. or any other jurisdiction.
Appears in 4 contracts
Samples: Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp)
Illicit Payments. (a) Each Unitholder represents and warrants that it and its employees (i) are familiar with the provisions and requirements of the United States Foreign Corrupt Practices Act (“FCPA”), including the record keeping requirements thereof, and (ii) recognize that full compliance with the letter and spirit of the FCPA is the corporate policy of the CompanyCONDOR. In all matters relating to this Agreement and all Projects, each Unitholder will conduct itself in full compliance with the FCPA and the anti-bribery laws of the U.S. or any other jurisdiction. Consequently, each Unitholder specifically agrees as follows:
(i) In carrying out its responsibility under this Agreement, no Unitholder shall pay or agree to pay, directly or indirectly, any funds or anything of value to any public official for the purpose of influencing such official’s official acts or decisions.
(ii) Each Unitholder shall immediately notify the other Unitholders of any request that such Unitholder receives to take any action that might constitute a violation of the FCPA, or the anti-bribery laws of the U.S. or any other jurisdiction.
Appears in 2 contracts
Samples: Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp)